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U.N. chief welcomes announcements made in Climate Summit

U.N. chief welcomes announcements made in Climate Summit

United Nations Secretary-General Ban Ki-moon welcomed bold new actions to addres...

Climate Summit sees intiatives and commitments

Climate Summit sees intiatives and commitments

Various bodies and entities on the Climate Summit in New York have announced the...

Climate Rally reaches 310,000 participants

Climate Rally reaches 310,000 participants

The number of people who joined the People’s Climate March this September 21 rea...

China takes big step in reducing ozone depleting gases

China takes big step in reducing ozone depleting gases

China has taken a big step towards reducing its hydrochlorfluorocarbons by closi...

Ozone layer on road to recovery – U.N.E.P., W.M.O.

Ozone layer on road to recovery – U.N.E.P., W.M.O.

The ozone layer is on the road to recovery, but unified action is still needed t...

Green vacation: Go on an eco-friendly safari

Green vacation: Go on an eco-friendly safari

The primary goal of modern-day eco-friendly African safaris is to lessen the ove...

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could be looking at economic losses of around 2 ...

Business

Technology

More ethanol-tolerant yeast for more biofuel production

More ethanol-tolerant yeast for more biofuel production

Thursday, 09 October 2014

Yeast is an important component in the ethanol production process; however, high concentrations of ethanol are toxic to yeast. In order to improve the...

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Politics

New Yorkers support renewables, opposes fracking – N.R.D.C. poll

New Yorkers support renewables, opposes fracking – N.R.D.C. poll

Sunday, 12 October 2014

A state-wide poll commissioned for the Natural Resources Defense Council reveals that New Yorkers oppose fracking and support clean, renewable energy....

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Living Green

Kitchen green-over: Seven easy steps to an eco-friendly kitchen

Kitchen green-over: Seven easy steps to an eco-friendly kitchen

Wednesday, 22 October 2014

According to a World Health Organization Report, the global temperature has gotten warmer at about 1 degree Celsius over the 20th century. Although th...

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Renewables

Low-Carbon

Sony Pictures Entertainment installs 60 E.V. chargers for employee use

Sony Pictures Entertainment installs 60 E.V. chargers for employee use

Tuesday, 21 October 2014

A total of 60 charging stations have been installed at Sony Pictures Entertainment’s lot and offices in Culver City, California. The installation is s...

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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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