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Ecoseed News:
North Caucasus hydropower to increase with three new projects from RusHydro

North Caucasus hydropower to increase with three new projects from RusHydro

Three small hydropower plants developed by RusHydroare set to begin construction...

Discrediting advertisements on carbon pollution standards outrages organizations

Discrediting advertisements on carbon pollution standards outrages organizations

The Natural Resources Defense Council, and more than two dozen organizations, is...

Supercritical steam for super productive solar thermal plants

Supercritical steam for super productive solar thermal plants

By using supercritical steam, solar thermal power plants could produce enough en...

Nepal gets first wind-solar hybrid system

Nepal gets first wind-solar hybrid system

The Asian Development Bank has handed over the country’s very first wind-solar h...

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Nutrition plays a critical role in everyone’s chance at a better future. Hunger...

Chile’s largest solar power project officially open

Chile’s largest solar power project officially open

The 100 megawatt Amanercer Solar CAP Power plant in Chile has been officially op...

Five gigantic things happening in sustainability

Five gigantic things happening in sustainability

Understanding this mainly becoming typical ‘S’ word has always been part of the ...

Business

The Bioplastics industry in Korea – Where to next?

The Bioplastics industry in Korea – Where to next?

Thursday, 10 July 2014

The global bioplastics market is booming – total production capacity is set to grow 400% by 2017, and the European Commission has designatedbioplastic...

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Technology

Politics

Living Green

Elemooni: Eco-friendliness for kids

Elemooni: Eco-friendliness for kids

Thursday, 10 July 2014

A new group of nano explorers could change the way children learn about positive values, the environment, and believe it or not, the periodic table of...

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Renewables

Siemens welcomes Crown Estate’s new seabed rights for wave and tidal power

Siemens welcomes Crown Estate’s new seabed rights for wave and tidal power

Thursday, 10 July 2014

Siemens welcomes The Crown Estate’s announcement of agreed seabed rights for new demonstration zones and project sites around the United Kingdom’s coa...

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Low-Carbon

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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