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International Geothermal Industry Developing Strong Partnerships, Robust Market

This year’s Geothermal Energy Association (GEA)’s Geothermal Energy Expo and Geothermal Resources Council’s Annual Meeting incorporated a wide range of meetings on international development. U.S. interest in exporting geothermal goods and services is ever-increasingly met with outside interest in U.S. knowledge and materials, particularly from developing countries.




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Asia Report: Four Reasons Why Solar Can Unseat Coal in India This Decade

Coal contributes 60 percent to India's power mix today; solar is less than 1 percent. But what was a factor-of-seven difference between the cost of coal and solar two years ago shrank this summer to just a 1.8x gap. Can solar catch up within the next ten years?




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Four Green Dividend Stocks that IPO'd In 2013

Canada’s stock exchanges have long had the lead as the place for energy infrastructure companies to list. This includes green energy, as well as the fossil fueled sort. Because Canada’s reporting rules are somewhat less stringent, and its markets less liquid than those in the U.S., the large number of offerings trade at lower valuations and higher yields than do their (few) U.S.-listed equivalents.




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International Geothermal Market Set for Development Boom but Challenges Remain

What’s the next big opportunity for geothermal? According to panelists at last week's Renewable Energy World North America international geothermal session, it’s emerging markets. Kicking off the two-hour discussion, special guest Agnes Dasewicz of the U.S. Agency for International Development (USAID) explained the Power Africa initiative, which launched in June 2013. USAID is attempting to unlock energy growth in six countries: Kenya, Tanzania, Ghana, Nigeria, Liberia, and — of particular interest to the geothermal crowd — Ethiopia.




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Navigating New Developments in Turkey’s Growing Renewable Energy Market

In February of this year, Turkey’s Energy Minister Taner Yildiz, announced plans to increase the ratio of the country’s renewable energy resources to 30 percent of total energy production by 2023. Over the next ten years The Turkish government is seeking considerable investments to fund projects in wind, solar, hydropower, biomass and geothermal energy, believing a thriving renewable industry to be pivotal to future economic growth. Turkey has already enticed major international investors such as General Electric and Siemens AG; General Electric opened the 22.5-megawatt (MW) Sares wind farm and 10-MW Karadag site, and is scheduled to supply turbines to Fina Enerji Holding AS; Siemens is contracted to supply turbines to a 50-MW wind farm, and the firm expects to be involved in further projects in 2014.




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Holiday Shopping Deal on Geothermal Shares

Holders of Ram Power Corp. (TSX:RPG, OTC:RAMPF) on November 26 (the “record date”) recieved valuable coupons as the result of the company’s rights offering, announced November 18th. Just in time for the holidays, these coupons, or “rights” can be used to buy additional shares of Ram Power for 8¢ Canadian per share any time before 5:00 p.m. on December 23rd. (Disclosure: I am long Ram Power stock.)




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In This Season of Giving Consider Renewable Energy Charities

It’s easy to get caught up in the holiday bustle: shopping, decorating, parties, and preparation. Our to-do lists can seem endless, but we carry on because it is that special time of year, a season of giving.




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Renewable Energy Provides 100% of All New US Electrical Generating Capacity in November 2013

According to the latest "Energy Infrastructure Update" report from the Federal Energy Regulatory Commission's Office of Energy Projects, solar, biomass, wind, geothermal, and hydropower "units" provided 394 MW — or 100 percent — of all new electrical generation placed in-service in November 2013. There was no new capacity during the month from natural gas, coal, oil, or nuclear power. Renewable energy sources also provided 99 percent of all new electrical generating capacity in October.




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Latin America Report: Solar's Auction Debut in Brazil

After being shut out of previous renewable energy auctions, and delaying its own auction by two weeks, the state government of Pernambuco held the nation's first solar energy auction on December 27, registering 122.82 MW of energy, six times the country's current entire solar energy output (20 MW). The auction involved 34 bidders proposing roughly 1 GW of capacity; at the end it was narrowed to six companies from Brazil, Italy, Germany, China and Spain. Average price of power finished trading at 228.63 Brazilian reais/MWh (just under U.S. $97), about 9 percent lower than the starting price of R 250.




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Danish Pension Fund To Invest in Renewable Energy Projects in Developing Nations

PensionDanmark A/S and other Danish pension investors backed a state fund to finance emission-reduction projects in developing countries as the Scandinavian nation seeks to export its climate know-how abroad.




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Europe Divided on Supply Security as Renewable Energy Grows

European Union governments and the bloc’s executive arm are splitting over how to guarantee electricity supply as the region builds more renewable power.




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EU Leaders Said to Delay Decision on 2030 Targets for Emissions

European Union leaders intend next month to agree on a timeline for developing energy and climate targets for 2030, delaying a final decision on the polices, according to two people with knowledge of the matter.




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Renewable Energy in MENA Area to Double Next Year, Desertec Says

Clean energy assets in the Middle East and North Africa will more than double in capacity by the end of next year, the Dii GmbH industry association said.




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Clean Energy Investment Rises in Several Countries Amid Global Decline

Three G-20 nations saw an increase in clean-energy investments last year even as funding declined globally for the second consecutive year, according to The Pew Charitable Trusts.




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Clean Energy Investment Rises 9 Percent, Led by Solar-Power Demand

Clean energy investment rose by 9 percent in the first quarter from a year earlier on surging demand for rooftop solar panels from the U.S. to Japan.




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Hydro research and development news and updates

Research reports and study findings related to hydropower from April 2014




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Obama May Consider Power Plant Rule That Tests Clean Air Act

The Obama administration is considering cutting greenhouse-gas emissions from power plants by reaching beyond the plants themselves — an unusual approach that could run afoul of anti-pollution laws.




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Obama Bid to Cut Greenhouse Gases Divides Utility, Coal Industries

Bracing for greenhouse-gas rules from the Obama administration, two industries are staking out different positions. Coal companies are pledging to sue. Electric utilities are ready to talk.




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Australia Renewable Target Cuts Would Deter Investment, Say Manufacturers

Vestas Wind Systems A/S said scaling back Australia’s renewable energy target would cut the value of more than A$10 billion ($9.4 billion) in large projects across the industry and discourage international investors.




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French State Bank Sets Aside 5 Billion Euros for Green Projects

Caisse des Depots et Consignations, a French state bank, is setting aside 5 billion euros ($6.8 billion) for green projects after the government proposed a law to spur use of renewable electricity and boost efficiency.




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US Ex-Im Hangs in Balance as Chief Defends Bank Against Critics

U.S. Export-Import Bank Chairman Fred Hochberg mounted a defense of the 80-year-old agency as Republicans weigh eliminating the lender they say backs major corporations with political connections.




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Japan Bank Sets Aside $2 Billion for Clean Energy

Shinsei Bank Ltd., a lender for Goldman Sachs Group Inc.’s clean-energy projects in Japan, plans to provide as much as 200 billion yen (US $2 billion) in loans for renewable developments.




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South Africa Seeks to Improve Process for Renewable Energy Deals

South African Energy Minister Tina Joemat-Pettersson said her department wants to address weaknesses in the process of commissioning renewable-power projects.




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Drillers Look for Geothermal in the Depths of Paris

In the midst of a suburban sprawl halfway between the Eiffel Tower and Paris’s busy Orly airport, a drilling crew works night and day burrowing deep into the Earth’s crust in search of underground heat.




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US-China Rifts Put Aside for Clean Energy Research

The threat of climate change is driving China and the U.S. — frequent rivals and the world’s two largest greenhouse-gas emitters — to collaborate on dozens of potential clean-energy breakthroughs.




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EU Nations Mull Funds to Aid Clean Energy in 2030 Climate Deal

European Union governments are considering the use of carbon-permit funds to help finance clean technologies and spur poorer nations toward a low-carbon economy under a planned deal on 2030 climate and energy policies.




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Germany’s Clean Electricity Costs Decline for First Time

German electricity consumers will for the first time see a drop in the fee added to their bills to fund renewables, a boost for Chancellor Angela Merkel, who has pledged to curb the cost for voters.




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Fossil Fuels Reap $550 Billion in Subsidies, Hindering Renewables Investment

Fossil fuels are reaping $550 billion a year in subsidies and holding back investment in cleaner forms of energy, the International Energy Agency said.




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Japan's Prime Minister Re-Election Risks Undercutting Clean Energy Push

Shinzo Abe’s re-election as prime minister risks undercutting Japan’s commitment to clean energy at a time when incentives are under review and the nation’s utilities say they can’t accommodate capacity already planned.




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China Nears Publication of Plan to Guide Geothermal Developments

China could be nearing publication of a plan to guide the development of geothermal energy resources over the next few years as it plunges ahead with efforts to get more of its energy from renewable sources.




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Want to Buy a Used German Power Plant? Shipping Is Included

Germany’s utilities, battered by the country’s shift to wind turbines and solar panels, would be glad to sell you a power plant on the cheap. They’ll even pack it up and ship it to another country.




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India Renewables Boom Aided by International Funds

India said cheaper credit along with foreign investment will help the world’s third-largest polluter fund an ambitious renewable energy program that would build green power plants faster than China.




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Sweden, Norway Increase Renewable Target Amid Power Glut Concern

Sweden and Norway agreed to boost their target for renewable energy production amid concerns the additional capacity will exacerbate a power glut and strain the region’s electricity grid.




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Obama Orders US Agencies to Cut Carbon Emissions 40 Percent by 2025

President Barack Obama ordered the federal government to reduce greenhouse gas emissions by 40 percent from 2008 levels over the next 10 years by shifting to renewable energy sources such as solar power.




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Yale Students Cited at Fossil Fuel-Divestment Protest

Yale University police cited 19 students after they staged a sit-in outside President Peter Salovey’s office to push for divestment from fossil-fuel companies.




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Australian Clean Energy Deadlock Spurs Companies to Focus Abroad

Political deadlock over Australia’s clean energy future is prompting companies such as Vestas Wind Systems A/S and Acciona SA to increasingly turn to rival markets for growth.




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US Power Grid’s $2 Trillion Upgrade Needs European Efficiency

A $2 trillion push in the U.S. to blend renewable energy into the power supply and fortify transmission lines against extreme weather means that Americans must act more like Europeans to keep their power costs down.




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Paris Geothermal Boom Brings Deep Drilling to Crowded Suburbs

Squashed between a highway overpass and a towering suburban shopping center east of Paris, a drilling rig is completing the second of two geothermal wells aimed at capturing the earth’s natural heat for homes and offices.




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Major US Corporations Pledge To Increase Renewable Energy Usage, Decrease Carbon Footprint

Executives from 13 major U.S. corporations are announcing at least $140 billion in new investments to decrease their carbon footprints as part of a White House initiative to recruit private commitments ahead of a United Nations climate-change summit later this year in Paris.

Companies including Apple Inc., Berkshire Hathaway Energy Co., and Goldman Sachs Group Inc. will join Secretary of State John Kerry and top administration officials at the White House for the announcement. In addition to pledges to cut emissions, provide financing to environmentally-focused companies, and reduce water consumption, the companies have said they will procure at least 1,600 MW of new, renewable energy. The White House said in a statement that it expects to announce a second round of similar pledges later this fall from additional companies.

The commitments are being announced as President Barack Obama is looking to build momentum toward a legacy-defining global climate accord in Paris. In addition to company-specific commitments, the corporate leaders on Monday will signal their support for a strong climate agreement out of the United Nations talks. They administration is using the pledges to set an example for companies to find ways to eliminate their carbon emissions.

Climate Talks

“As the world looks toward global climate negotiations in Paris this December, American leadership at all levels will be essential,” the White House said in a fact sheet detailing the announcement.

The administration’s actions are pushing the issue into the 2016 presidential debate. Hillary Clinton, the front-runner for the Democratic nomination, released an energy strategy saying she would both defend and go beyond Obama’s efforts. Republican candidates have criticized the administration’s initiatives as costly to the economy and unnecessary.

Among the pledges, aluminum manufacturer Alcoa Inc. has agreed to reduce emissions by 50 percent from its 2005 levels, while agricultural giant Cargill Inc. says 18 percent of its total energy use will come from renewable sources.

Coca-Cola Co. said it would drive down the carbon footprint of its beverage production by 25 percent over the next five years, while Google says it plans to triple its purchases of renewable energy over the next decade. Berkshire Hathaway says it plans to invest up to an additional $15 billion in the construction and operation of renewable energy generators, while Bank of America Corp says it will increase its environmental business initiative by $75 billion over the next decade, according to the White House

Other participating firms include Wal-Mart, United Parcel Service Inc., PepsiCo Inc., Microsoft Corp., General Motors Inc.

The corporate commitments won’t be the administration’s only major climate announcement in the next few weeks. The Environmental Protection Agency is set to present final regulations that aim to reduce carbon emissions from power plants by 30 percent from 2005 levels by 2030 later this week.

While visiting Kenya over the weekend, Obama repeatedly praised the country for its efforts to address climate change, saying its efforts tor educe emissions “has put it in the position of being a leader on the continent.” And next month, the president will travel to Alaska for an international summit on Arctic climate issues.

©2015 Bloomberg News

For more, see Big Companies, Big Renewable Investments.




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Papua New Guinea First to Finalize Climate Plan Under Paris Agreement

Papua New Guinea recently became the first country to formally submit the final version of its national climate action plan (called a “Nationally Determined Contribution,” or NDC) under the Paris Agreement. The small Pacific nation’s plan to transition to 100 percent renewable energy by 2030 is no longer just an “intended” nationally determined contribution (INDC) — it is now the country’s official climate plan.




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The Clean Power Plan: Justice Delayed

In the case of the Fossil Fuel Industry, et. al. VS Earth, et. al., I find myself asking—not for the first time—is justice delayed, justice denied? It should come as no surprise that I am convinced it is.




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Part IV: Justice Delayed — Will Politics Trump Justice in the Case of the Clean Power Plan?

By the time this column is published, oral arguments in the legal challenge to the Clean Power Plan will have already been made. The en banc panel of 10 appeals court judges is not likely to render its decision before the New Year.  No matter the opinion, it will be appealed to the U.S. Supreme Court.




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Iran's Zarif said draft nuclear plan could develop from Vienna talks

Iran wants to work toward a draft agreement on a comprehensive solution to a lingering nuclear row with Western powers, the foreign minister said Tuesday.




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China settles trade dispute with Europe over solar power components

A trade agreement with China will give European companies the opportunity to compete in the Chinese solar power market, the EU's trade commissioner said.




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U.S. lawmakers says decision on Syrian diplomats appropriate

A decision from the U.S. State Department to expel Syrian diplomats from the country was long overdue, members of the House Foreign Affairs Committee said.




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Iranian nuclear talks described as useful; more scheduled for April

Iran's deputy foreign minister said nuclear negotiations in Vienna were useful and another round of talks was scheduled over the course of three days in April.




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Afghan democracy depends on political role for women, U.N. says

Elections can only be representative if all members of society, including women, play a role, the head of the U.N. mission in Afghanistan said Wednesday.




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Police in Pakistani province awaiting outside training

Officers in Punjab's police department, Pakistan's largest, are seen as undertrained and inefficient, but help may be on the way.




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EU critical of Turkey's decision to ban Twitter

European leaders said Friday they were frustrated by Turkey's decision to restrict access to the social media website Twitter.




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Chinese measure aims at easing pressure on students

Many in China think academic pressure on children is out of hand but it is not clear a measure to deemphasize cramming will work.