TransAlta Corp planned to spin off its wind and hydroelectric power plants through an initial public offering to increase the company’s value.
Tags: Renewable energy
Renault-Nissan’s CEO: Electric vehicle is an affordable solution to reduce global emissions
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.
West Coast mayors will form consortium to build highway for electric vehicles
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.
Morocco to build the world’s largest solar power plant
Morocco will build the largest concentrated solar power in the world at Ouarzazate city. The project, alongside with hydro and wind, will help provide nearly half of Morocco's electricity requirement by 2020.
Giant companies to combat climate change through renewable energy
The global effect of climate change is devastating, prompting countries and giant companies to take action in addressing the changes in climate. On Wednesday, nine major companies are expected to take part in a global coalition of firms intent on transitioning to renewable energy. New members include Johnson & Johnson, Procter & Gamble, Starbucks, Walmart, and Goldman Sachs. Couples of companies had already reached the target of 100% while others do not expect to do so for several decades but are generally setting assertive interval targets, according to The New York Times.
Latest News
Investors in the wind farm industry and renewable energy sector are still doubting the stability of the market even after a 10% increase in subsidy.
Salvepar made a $7 million investment in renewable energy company Latin America Power Holding. (Photo : Reuters)Solar energy is one of the major sources of renewable energy.
Tohiba and SunEdison have entered into an agreement to build megasolar plants. Toshiba Corp and a unit of MEMC Electronic Materials Inc, SunEdison have entered into an agreement to build solar power plants in Japan.
British Petroleum, in the wake of the 2010 oil spill liabilities, is selling off its wind farm operations in the US reportedly at US$1.5 billion.
FCP purchases bioethanol plant for machinery to outfit the construction of another plant in the UK. UK investment company Future Capital Partners Ltd has agreed to purchase Appomattox Bio Energy LLC.
E.ON still on its plan to divest non-performing assets. The largest utilities service provider in Germany E. ON has denied reports that it would spin off its renewable energy unit in order to reduce outstanding debt of in its balance sheet.
Danish Greentech has sold its half of a northern Poland wind farm project to local partner PGE Danish renewable energy company Greentech has sold its half of a northern Poland wind farm project to local partner PGE because the stake would not give it control of the project.
China was the main contributor to a 24 percent rise in new global investment in clean energy in the second quarter.
Goldman Sachs Group Inc plans to channel investments totaling $40 billion over the next decade into renewable energy projects.
