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June 5 Green Energy News

Opinion:

  • “Obama Isn’t Killing Power Plants. The Sun Is.” Opponents to President Obama’ regulations for controlling carbon emissions are claiming the new rules are so onerous they will imperil the electric utility industry. Actually, it’s a little too late for that; solar power got there first. [Bloomberg View]

World:

  • The world needs to spend $48 trillion between now and 2035 to meet rising demand for energy, according to the International Energy Agency.  The good news is that for an extra $5 trillion, we can both meet demand and avoid dangerous climate change. [Business Spectator]
  • Wind turbine maker Suzlon Energy has bagged an order worth about Rs 750 crore ($126.4 million) for a project in the Indian state of Rajasthan. The order for 48 units of S97-120 m wind turbine generators totaling 100.8 MW. [Business Standard]
  • The Indonesian Energy and Mineral Resources Ministry is offering nine new work areas to public bidders for geothermal projects nationwide. The ministry estimates that about 550 MW will be developed with total investment of around $2.1 billion. [Jakarta Post]
  • The UK subsidiary of Wave energy developer Perpetuwave Power was given a $113,000 grant from the European Regional Development Fund Convergence Program to develop its ‘Wave Harvester’ technology. The company says it is cost-competitive with wind and solar. [Business Spectator]
  • The European Commission has chosen 16 renewable energy projects that will help power around two million homes in rural Africa to receive €95 million. The EU grants were focused on improving access to modern, affordable and sustainable energy services in rural areas. [Energy Live News]
  • China’s lower than expected demand for coal could leave 40% of the country’s coal-fired power stations at risk of being stranded by the end of the decade, according to a new report from the Carbon Tracker Institute. [Business Green]
  • It seems Australia’s greenhouse gas emission reduction targets more than tripled on the weekend, from a 5% cut by 2020 to a reduction of more than 18%. Surprised? The Abbott Government might be too. The new target is a default, automatically generated by law. [Energy Matters]

US:

  • Consumers and businesses will see their electric bills go up if Gov. John Kasich signs a new bill rolling back Ohio’s energy efficiency and renewable energy standards as he is expected, according to a letter sent to Kasich by a coalition of 51 companies and 21 organizations. [Dayton Daily News]
  • Barclays has calculated that it will not be government regulation that will phase down US coal-fired power plants first, but rather the advance of renewable technologies and the continued decline in costs of those technologies. [The9Billion]
  • Whether solar will take off in Texas the same way wind power has remains to be seen. But the recent developments represent the strongest foothold the solar industry has achieved in a state that does not offer the lucrative subsidies found in other parts of the country. [Dallas Morning News]
  • Warren Buffett’s $26 billion bet on western US power plants, transmission lines and wind farms is poised to pay off. The energy unit of Berkshire Hathaway is moving to unite holdings under a single market capable of dispatching power across seven states every five minutes. [Sydney Morning Herald]
  • An explosive new report from the US DOE makes clear that Liquefied Natural Gas (LNG) is likely a climate-destroying misallocation of resources. That is, if one uses estimates for methane leakage based on actual observations. [ThinkProgress]

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