A huge 2640 MW coal plant has received a major jolt after its environment clearance was rejected by he National Environmental Appellate Authority (NEAA).This plant which is supposed to come up in Srikakulam district in the southern state of Andhra Pradesh.This rejection comes after massive protests organized by local fishermen and farmers whose livelihood is […]
The Spanish Financial sector is still in a precarious condition which is underscored by the record European Central Bank (ECB) borrowing . The indications of weaknesses in Spanish banking sector arose as Cajas were forced to merge or taken over by the Spanish Central Bank.These Cajas are considered the weakest spot due to their poor […]
European Power Utilities are increasingly looking towards private capital in order to fund their renewable energy projects.The European Union has a target of generating 20% of its energy from renewable energy sources by 2020.With most of the European countries facing budgetary and fiscal problems,Electricity utilities in Europe need to look for other sources of fund […]
Germany’s EEG program instrumental in bringing Solar Energy Close to Grid Parity Germany has been the poster child for Feed in Tariff success in promoting renewable energy.Germany Renewable Energy Law which was passed in 2004 led to a massive growth in solar and wind energy making the country a global leader in Green Technology.German Renewable […]
World’s biggest Oil company Exxon Mobil has opened a Greenhouse facility to grow and test algae which will be used for producing biofuels.Algae based Biofuels is a green investment opportunity is still a decade away,as the technology is far from mature.However major Oil Refiners like Valero are already positioning themselves in this space.All the Oil […]
Fannie Mae and Freddie Mac a cesspool of Corruption and Waste Fannie and Freddie Mae which would long have gone bankrupt after the Lehman crisis had it not been for the unlimited credit lines from the US Treasury.These two firms which are now 80% owned by the US government have already lost a massive $160 […]