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Vestas, EP Global Energy partner for donor-funded wind farm in Jordan

Vestas, EP Global Energy partner for donor-funded wind farm in Jordan

Wind turbine manufacturer Vestas and private energy asset developer EP Global En...

World Bank commits $5 billion for African renewable energy projects

World Bank commits $5 billion for African renewable energy projects

The World Bank Group has committed US$5 billion towards supporting energy projec...

Seven creative ways to teach your kids about eco-living

Seven creative ways to teach your kids about eco-living

According to Bureau of Labor Statistics, 3.1 million jobs in the United States w...

$50 million A.D.B. loan to develop Indonesia’s geothermal potential

$50 million A.D.B. loan to develop Indonesia’s geothermal potential

The Asian Development Bank will provide Indonesia a loan of up to $50 million to...

Iberdrola completes its first three renewable energy projects in South Africa

Iberdrola completes its first three renewable energy projects in South Africa

Iberdrola has completed two wind farms and a photovoltaic power plant in South A...

Former Irish president appointed as special envoy for climate change

Former Irish president appointed as special envoy for climate change

Former Irish President Mary Robinson has been appointed by United Nations Secret...

The truth about the forthcoming endangered cities

The truth about the forthcoming endangered cities

Gone are the days when the term ‘endangered’ was being cascaded to animals or di...

Business

Technology

Waste tires produce better anode for lithium-ion batteries

Waste tires produce better anode for lithium-ion batteries

Friday, 29 August 2014

Used tires could become a key component in lithium-ion batteries, according to researchers at the Department of Energy’s Oak Ridge National Laboratory...

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Politics

Living Green

Go for green home décor – This is how it’s done

Go for green home décor – This is how it’s done

Friday, 29 August 2014

You’ve heard so much from everyone about how necessary it is to go green. If you’re planning to redo your home interiors, you should consider selectin...

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Renewables

Low-Carbon

Proterra, Kings County Metro bring electric buses to Seattle

Proterra, Kings County Metro bring electric buses to Seattle

Thursday, 28 August 2014

Proterra Inc. has sold two 40-foot battery-electric transit buses and a fast charge system to King County Metro in Seattle, Washington. King County Me...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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G.E. invested $1.4 billion in solar power in 2011

Erratum: Previously this story indicated that G.E. invested $5 billion in solar last year. The $5 billion in fact only represents the total value of projects that GE Energy Financial Services has invested in. We apologize for the error.

GE Energy Financial Services, a unit of G.E., invested nearly $1.4 billion in investment commitments in solar power projects this past year, the company said.

"We started last year with the goal of increasing our investments in solar power given improving solar technologies and decreasing costs, and have exceeded our own expectations by doubling our portfolio, investing in attractive projects across the globe," said Alex Urquhart, president and CEO of GE Energy Financial Services.

GE Energy Financial Services, which invests in energy assets, now has a 1-gigawatt portfolio spanning 48 solar power plants in six countries - Australia, Canada, Italy, Portugal, Spain and the United States.

In line with G.E.'s Ecomagination initiative to expand its cleaner energy products and reduce greenhouse gas emissions, GE Energy Financial Services has invested around $8 billion in a portfolio of renewable energy assets such as wind, solar, biomass, hydro and geothermal power, according to the conglomerate.

G.E.'s latest solar power deal is a $100 million investment in the Arlington Valley Solar Energy II project, a crystalline silicon photovoltaic solar farm in Arizona.

GE Energy Financial services provides structured project finance using debt and equity, as well as construction loans, lease financing, funding for late-stage project development efforts and venture capital for promising businesses involved in energy. – EcoSeed Staff



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