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August 26 Green Energy News

A Quote for the Day:

  • “It’s time to join the revolution,” Swiss investment bank UBS is advising clients. The bank says the payback time for unsubsidised investment in electric vehicles plus rooftop solar plus battery storage will be as low as 6-8 years by 2020. [CleanTechnica]

World:

  • A handful of US-based energy firms have met with the government of Cambodia over the past week to discuss plans for two large-scale energy projects worth a total of $900 million. One is a 200-MW solar plant. The other is an oil refinery. [The Phnom Penh Post]
  • First Solar Inc of Tempe, AZ, USA has signed an agreement to provide engineering, procurement and construction services for the 52.5 MW Shams Ma’an PV power plant in the Hashemite Kingdom of Jordan. [Semiconductor Today]
  • According to NRDC-CEEW analysis, India’s solar and wind programs have catalysed rapid growth providing much-needed energy access, creating employment opportunities for India’s workforce. The analysis also stresses need for innovative financing solutions. [AltEnergyMag]
  • Pattern Energy Group LP, the developer of Chile’s biggest wind farm, plans to proceed with a solar plant in the top copper-producing nation’s Atacama Desert. Chile’s government seeks to reduce its dependence on fossil fuels to supply cheaper power to the mining industry. [Businessweek]

US:

  • A study of abandoned oil and gas wells in Pennsylvania finds that the hundreds of thousands of such wells may be leaking methane, suggesting that abandoned wells across the country could be a bigger source of climate changing greenhouse gases than previously thought. [Climate Central]
  • The Nuclear Regulatory Commission recently reopened a year-old petition from anti-nuclear groups concerned about the financial ability of Entergy Corp. to safely operate its nuclear plants, including Vermont Yankee. [GazetteNET]
  • Massachusetts has reached a milestone: The number of solar installations statewide has surpassed 15,000. The state now has 15,762 solar installations that produce 615 MW of electricity, enough to power about 94,000 homes. [Boston Globe]
  • The municipal utility in Palo Alto, CA, set an ambitious target of 33% renewable energy by 2015 and to ultimately deliver a carbon neutral electricity supply. They will reach 48% renewable power in 2017 and met the carbon neutral goal starting last year. [CleanTechnica]
  • US developer Innovative Solar Systems has obtained construction financing for just over 200 MW of approved and construction-ready solar farms in North Carolina, each of 20 MW or more. Construction will start almost immediately. [reNews]
  • Verizon is set to become the number one solar producer among U.S. communication companies. They have announced an investment of nearly $40 million to expand their onsite green energy program. [Domestic Fuel]

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