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Article Archive for May 2007

Wells Fargo to Finance Fifth Wind Energy Project
Thursday, 10 May, 2007 – 3:11 | No Comment

Latest deal brings total wind farm investments to $160 million in past year.
San Francisco, California - Source RenewableEnergyAccess.com
Wells Fargo & Company has committed to making an equity investment in the Fenton Wind Energy Project, Minnesota’s …

EWEA: 180 GW of Wind Power Possible in Europe by 2020
Wednesday, 9 May, 2007 – 2:37 | No Comment
EWEA: 180 GW of Wind Power Possible in Europe by 2020

Photo Credit: Shell Wind Energy
Milan, Italy.
Source RenewableEnergyAccess.com
Wind power could generate up to 16% of Europe’s electricity by 2020. This was the message delegates heard at the opening of the European Wind Energy Conference (EWEC) in …

Citi Targets $50 Billion over 10 Years to Address Global Climate Change
Wednesday, 9 May, 2007 – 2:32 | No Comment

Includes Significant Increases in Investment and Financing of Alternative Energy, Clean Technology, and Other Carbon-Emission Reduction Activities
Builds on Existing $10 Billion Climate Change Activities
NEW YORK–(BUSINESS WIRE)–Citi today announced that it will direct $50 billion over …

China Power to spend $4bn on renewable energy
Tuesday, 8 May, 2007 – 4:01 | No Comment
China Power to spend $4bn on renewable energy

HONG KONG: China Power International, helmed by the daughter of former Premier Li Peng, plans to spend up to $4 billion by 2010 developing renewable energy as Beijing pushes to clean up its air and …

Wal-Mart Launching Solar Power Pilot Program
Tuesday, 8 May, 2007 – 3:03 | No Comment
Wal-Mart Launching Solar Power Pilot Program

By Jeff McIntire-Strasburg
Back in December, the word leaked out that mega-retailer Wal-Mart had issued a “request for proposals” (RFP) on adding solar arrays to selected stores. When I interviewed Andy Ruben, the company’s vice-president for …

South Korea’s 812 MW Tidal Power Project to Claim Global Top Spot
Tuesday, 8 May, 2007 – 1:26 | No Comment

JOHANNESBURG–May 7, 2007–Researched by Industrial Info Resources (Sugar Land, Texas). The city of Incheon in South Korea has signed an MoU (memorandum of understanding) with the ‘clean’ power focused Korea Midland Power (Seoul) and Daewoo …

Solar Energy instead of Oil as a Source of Wealth in the Arab World
Sunday, 6 May, 2007 – 3:10 | No Comment
Solar Energy instead of Oil as a Source of Wealth in the Arab World

Desert Solar Power Facility
By Ibrahim Mohamed
The agreement of the EU countries, the largest importer of oil and gas in the world, on adopting a new energy policy indicates a new era in the history of …

Geothermal power heats up with Merrill investment in Vulcan
Sunday, 6 May, 2007 – 3:05 | No Comment
Geothermal power heats up with Merrill investment in Vulcan

By Jonathan Shieber
NEW YORK — Merrill Lynch Commodity Partners has invested $35 million in the first tranche of a $150 million private-equity financing for geothermal power provider Vulcan Power Co.
The investment is intended to support …

UK’s Wave Hub Proceeds with $43 M Investment
Sunday, 6 May, 2007 – 3:01 | No Comment
UK’s Wave Hub Proceeds with $43 M Investment

Cornwall, England–The first large-scale wave farm, set to be built 10 miles off the coast of Cornwall in South West England, is now one step closer to becoming a reality with approval of GBP 21.5 …

Renewable Energy Law Powering the Growth of the Chinese Renewable Energy Markets
Sunday, 6 May, 2007 – 2:58 | No Comment
Renewable Energy Law Powering the Growth of the Chinese Renewable Energy Markets

PALO ALTO, Calif. — In a significant move to enhance energy security and protect the environment, the Chinese Government is stepping up efforts to accelerate the development of renewable energy, so as to lift the …