Large multilateral developmental institutions are boosting adoption of solar energy through large scaling funding efforts.European Investment Bank recently announced more than Euro 500 million in financing for solar projects and CDB announced multi billion dollars lines of credit with Suntech and Trina Solar . ADB today also joined these efforts with a large scale funding […]
BP is finally waking up from its stupor and looking for help on stopping the oil spilling for its rig in the Gulf of Mexico. While it was doing precious little for the past week , Obama’s visit and state and federal criticism has made it sit up . BP CEO says its an industry […]
Sanyo plans to invest more than 70% of its total investment over the next 3 years in its renewable energy and energy storage segments.Sanyo has never been as successful in the hyper competitive electronics market as other Japanese companies like Sony or Sharp.However its lithium batteries and solar panels possess cutting edge technology.Its solar panels […]
USA is taking tentative steps towards offshore wind sector by approving a 468 MW wind farm off the coast of Massachusetts.The approval which has come after 10 years will allow the construction of 130 Siemens turbines . The delay in the project was due to opposition from a variety of interests .Some of these interests […]
President Obama will pay a visit on Sunday to the scene of the one of biggest oil spills to strike US coastal waters. This visit will come more than a week after the BP oil well exploded and is gushing oil in the waters .I can’t think what the President will do after a week […]
Ontario,Canada has a 60% “local content” requirement for renewable energy installed in the province.This is illegal according to WTO but unless someone challenges it in the body nothing will come out of it China from 2004 to 2010 had a “70% local content” requirement.Now that their wind turbine makers are making major inroads into foreign […]