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Fri01302015

A.D.B. extends $100 million loan for India’s solar power projects

A.D.B. extends $100 million loan for India’s solar power projects

The Asian Development Bank is extending loans of up to $100 million to aid in pr...

Nebraska Supreme Court, House of Representatives supporting proposed Keystone pipeline route

Nebraska Supreme Court, House of Representatives supporting proposed Keystone pipeline route

Despite misgivings from the public and the White House, proponents of the Keysto...

Obama will not sign Keystone Pipeline bill

Obama will not sign Keystone Pipeline bill

President Barack Obama will not sign the Keystone Pipeline bill, saying that it ...

Senvion completes offshore wind farm over Christmas

Senvion completes offshore wind farm over Christmas

Senvion completed the installation of wind turbines for the Nordsee Ost offshore...

Vestas to supply wind turbines in Greece and Chile

Vestas to supply wind turbines in Greece and Chile

Danish wind turbine manufacturer Vestas ended 2014 with two supply contracts: on...

U.N. chief hails results of C.O.P. 20

U.N. chief hails results of C.O.P. 20

United Nations Secretary-General Ban Ki-moon hailed the results of the recently ...

Manufacturer’s perspective on the new U.S. emissions reduction target

Manufacturer’s perspective on the new U.S. emissions reduction target

The United States manufacturing sector may be opting for a more diversified way ...

Business

Technology

Advantage of green cloud computing

Advantage of green cloud computing

Tuesday, 13 January 2015

Green computing is the usage of computing resources in an energy- and resource-efficient manner. Part of it is using computers that have been Energy S...

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Politics

Living Green

Eco -friendly Flooring

Eco -friendly Flooring

Friday, 30 January 2015

The term eco – friendly is usually associated with high prices, dull and boring materials and lack of variety. Luckily, the reality is completely diff...

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Renewables

Hereford Wind Project in Texas begins commercial operations

Hereford Wind Project in Texas begins commercial operations

Wednesday, 28 January 2015

The 200-megawatt Hereford Wind Project in Texas has achieved commercial operation. EDF Renewable Energy, which purchased shares of the project in 2013...

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Low-Carbon

Seven eco-friendly home heating solutions

Seven eco-friendly home heating solutions

Friday, 12 December 2014

Environmentally friendly home heating solutions are valuable for the planet, and can lower your utility bills. With the numerous home heating alternat...

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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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