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Concentration of CO2 in the Atmosphere

October 27 Green Energy News

Finance:

  • Al Gore has spent most of this week flooding the media with the idea that oil and gas stocks are sub-prime investments, saying the are absurdly overvalued and encouraging investors to dump their holdings in fossil fuel companies. Some investment managers agree. [Motley Fool]

World:

  • Challenged by the surge in distributed renewables and a strong decline in revenues, one of Europe’s largest utilities, RWE, is reportedly planning to transform itself completely from a traditional electricity provider into a renewable energy service provider. [theenergycollective]
  • The market for renewable chemical ingredients, replacing petrochemicals, is booming. The overall renewable chemical ingredient market is expected to top $83 billion by 2018, compared with $57 billion this year, according to the research firm Markets and Markets. [DesMoinesRegister.com]
  • The first phase of Dubai’s $3.3 billion Mohammed Bin Rashid Solar Park has gone live as part of a push to diversify energy supplies in the UAE. The initial 13 MW photovoltaic plant is the biggest of its type in the Middle East and North Africa. [Utilities-ME.com]
  • Africa’s biggest wind farm, at Ashegoda in Tigray, Ethiopia, has been inaugurated after a three-year construction period. The 120 MW wind farm is expected to produce a total of 400,000 MWh per year. [The Ecologist]

US:

  • 2013 has been slower for the wind industry in Kansas than last year, its backers say, but they pointed to signs it will improve in 2014. Records were set in 2012, when capacity increased to 2,713 megawatts, a gain of more than 1,441 megawatts. [Topeka Capital Journal]
  • Connecticut’s Public Utilities Regulatory Authority has approved a plan for UIL Holdings, parent company for United Illuminating, to install solar panels on nine acres at an old landfill in Bridgeport. The plan is to use approximately 1000 solar panels for about 5 MW of power. [Ct Post]
  • A 15 MW solar to be built by SolarCity for Hawaiian Electric, will be the state’s largest utility-scale solar project and will trim annual oil use by 1.8 gallons while saving $64 million over its lifetime. The fact that Hawaii uses oil for power is why power is so expensive there. [EarthTechling]
  • Aroostook County, Maine is becoming a major hub for wind power development. Two companies are installing major wind farm. One, at 250 MW, will be New England’s largest, but the other, of 150 MW, is not far behind. [Kennebec Journal]

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