SolarCity Corp. has been displaying a tremendous growth during the last couple of years. The largest solar plant provider in the US has disclosed fourth quarter earnings during late hours on Tuesday. The earning scenario has disheartened the investors and its share prices have been decreased by 33.59% in the after hour trading on Tuesday.
Renewable Energy
Turnbull Advocates Clean Energy for A Greener Australia
Turnbull is switching to a greener Australia avdocating the use of clean energy. The government will support Clean Energy Finance Corp. and the Australian Renewable Energy Agency and develops Clean Energy Innovation Fund worth A$1 billion.
Duke Energy Turns Swine, Poultry Wastes Into Electricity
Duke Energy will buy biogas produced from swine and poultry wastes. The biogas will then be converted to electricity that could power up about 10,000 homes yearly. Duke Energy works with Carbon Cycle Energy to make the project successful.
Ivanpah Solar Plant possible shutdown; The $2.2 bln power plant in Mojave performs lower than expected
Federally backed $2.2 billion solar plant in California may be forced to close. The solar plant failed to supply electricity to Pacific Gas and Electric Co as promised.
Economy slowdown not to deter China's efforts on anti-pollution
China has decided to implement its stringent anti-pollution efforts despite slowing down of economy. China is propelling up economy growth without compromising on environment protection.
Latest News
The UK Green Investment Bank Financial Services ties up with world’s largest asset manager BlackRock to purchase GLID Wind Farms. The farms located in Aberdeenshire, Scotland and Lincolnshire are capable of producing 220 MW clean powers. With the acquisition, GIBF will produce 3,970 GWh of clean power each year. Meanwhile, BlackRock will own and manage 66 wind and solar projects in Europe and North America on behalf of its clients.
The completion of the first stage will also begin the second and third stage of the project. Once finished this power plant will be the world's largest, providing electricity for 1.1 million people in Morocco. The project would also help reduce the country's dependence on imported energy source as well as reducing carbon emission.
The United States could reduce its greenhouse gas emissions from power production sector within the next 15 years by raising their investment in renewable resources like solar and wind, according to study findings.
Capital outflows from developing markets were higher than it was anticipated last year, according to a report by Institute of International Finance. The reason behind this oceanic change in emerging markets cash flow is China, which dragged out 676 billion US dollar.
Japan gave the go signal for the 2012 clean energy projects that could produce up to 85,550 megawatts of renewable power, the bulk of which is from solar energy.
Mitsubishi Research Institute and UFJ Morgan Stanley Securities plans to raise 50 billion yen to revive struggling Japanese megasolar power plants.
Several firms from Canada, China and Europe among 77 renewable energy firms have submitted bids for solar projects in Australia. The Australian Renewable Energy Agency (ARENA) has shortlisted 22 projects, which will have capacity of 766 megawatts at combined project cost of $1.68 billion. The solar energy projects developers will also receive a grant of $30 million for each project from the Australian government.
The 13 automotive CEOs across the world including the Renault-Nissan Alliance has released the statement on the weekend over the commitment to reduce global emissions by providing cleaner transportation.
The mayors of five U.S. West Coast cities met in Portland for a two-day summit last week to deliver ideas to reduce carbon emissions on a regional level. The meeting was held as the world leaders met in the United Nations Conference on Climate Change (CPO21) in Paris to discuss carbon reductions on a global scale.
