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July 27 Green Energy News

Economy and Finance:

  • In the transition towards a post-carbon future, infrastructure built today for fossil fuels could easily become stranded assets which burden investors and taxpayers with sunk costs. The future looks bleak for coal, and we should not invest in it. [Resilience]

World:

  • Kudos Energy, a new Australian start-up solar company, believes that the Australian market for rooftop solar leasing for the residential and commercial sectors could reach $100 billion in the next decade. Kudos is the brainchild of two leading private equity investors. [CleanTechnica]
  • According to the Chilean specialized media ‘Electricidad,’ Abengoa, the world leader in the Concentrated Solar Power market, is planning to invest up to $10 billion in renewable energy infrastructures in Chile. [CSP World]
  • Scottish businesses have invested almost £50 million in onsite power stations in recent years because of concerns over cost and security of supply. There are now 40 commercial-scale renewable energy projects including wind turbines, solar PVs and anaerobic digestion plants. [Scotsman]
  • Secretaries of the ministries concerned will brief Indian Prime Minister Narendra Modi once a month on key infrastructure projects. This decision was taken at a meeting after the secretary of the Planning Commission presented India’s infrastructure targets and achievements. [Business Standard]
  • From an initial targeted development of 23 MW, Filipino firm Eastern Renewables has been moving its goal higher to accomplish an expansion of up to 100 MW for biomass projects. Eastern Renewables is the arm for renewable energy ventures for Eastern Petroleum Corporation. [Manila Bulletin]
  • Over £45 million has been invested in commercial-scale renewable energy projects across the UK county of Hampshire. Farmers, businesses, communities and public sector organisations in the county have taken advantage of renewable energy projects, with 74 now operating. [Daily Echo]

US:

  • The old US microgrid model, built for power security and based on fossil fuels, is evolving. Microgrid development is expected to grow 70 to 80% in the next three years, with many hew projects at private commercial operations and including solar PV, battery storage and biogas. [Energy Collective]
  • With a new battery pack built in partnership with LG Chem, it seems like GM plans to usurp Tesla’s plans to deliver a long-range and affordably priced EV to the masses. The rumors of a 200-mile GM-branded EV have been around for a while, and now the car may appear soon. [CleanTechnica]
  • In the past few years a tremendous technological transformation has occurred. The barriers for electric companies to entertain unprecedented growth potential by devouring a large piece of the oil companies’ share of the US energy market for transportation is now clearly in reach. [Energy Collective]
  • Ohio green energy advocates want to ensure the state’s new two-year freeze on renewable energy mandates for utilities becomes just that — a timeout from requirements set forth under a 2008 law and not a backdoor strategy to repeal it after this fall’s gubernatorial election. [Toledo Blade]
  • A new project would transform 25 acres of brownfield in Lackawanna, New York into a 4 MW solar farm with 13,000 solar panels. The project would be near a related wind project with its 14 wind turbines on the Hamburg and Lackawanna waterfront. [Buffalo News]
  • Renewable-energy advocates are rallying against a proposed utility fee for Utah residents who have solar panels and wind turbines, saying it could hinder further development of renewable energy. [Washington Times]

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