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Clean Energy Makes Up Record Share of UK Power with Coal-to-Biomass Conversions

U.K. electricity from low-carbon sources accounted for almost a quarter of the country’s generation in the fourth quarter as Drax Group Plc converted a second coal-power plant to burn wood.




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Investors Spent a Record $2 Trillion on Renewables, Report Says

Investors have spent more than $2 trillion on clean-energy plants in the past decade and last year added more renewable capacity than ever before.




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Republican Texas Bows to California and Backs Energy Finance Plan

Jim Keffer is Republican state lawmaker in Texas with a permit to carry a concealed weapon and doubts about whether human activity is causing global warming.




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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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Clean Energy Spending Drops 15 Percent to Reach Lowest Level Since 2013

Global investment in clean energy slumped 15 percent in the first quarter to the lowest level in two years because of a decline in wind and utility-scale projects.




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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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Japan Anticipates Clean Energy Will Edge Out Nuclear Power

Japan anticipates that by 2030 clean energy such as solar and hydro will generate slightly more of the nation’s electricity than nuclear power plants.




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Two Workers Die in “Landslide” at Hamzadere Dam Irrigation System in Turkey

Two construction workers died as the result of a landslide and additional workers were injured on May 22 at the construction site of the Hamzadere Dam Irrigation System in the Ipsala district of Edirne, Turkey. Edirne is in the northwestern-most part of the Turkey near its border with Greece.




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Scientists Start $150 Billion Program to Cut Clean Energy Costs

Scientists and economists including BP Plc’s former chief executive officer, John Browne, are inviting governments to join a $150 billion program that aims to make clean energy cheaper than coal.




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Nordic Renewables Boom Set to Exceed Wind Energy Target

Sweden and Norway will probably exceed a joint target for renewable energy production by the end of the decade, industry consultant Nena AS said.




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Green Bonds Sprout as Wall Street Embraces Renewable Energy Debt

Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new issuance to feed the growing appetite for socially responsible investments.




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Uruguay Spends $2.6 Billion to Become South America Wind Leader

Uruguay hopes to generate as much as 38 percent of its power from wind by the end of 2017, up from about 13 percent now, cementing Uruguay’s position as South America’s top wind-energy user, according to Gonzalo Casaravilla, chairman of the state- owned electric utility UTE.




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German Utility's Race for Renewables Seen as Too Little, Too Late

RWE AG, the German utility whose coal-fired plants make it Europe’s largest carbon emitter, officially started the company’s largest renewables project on Thursday: a wind farm in Liverpool Bay off Britain’s coast.




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The Way Humans Get Electricity Is About to Change Forever

Trillions of dollars will be invested in renewable energy over the next 25 years, driving some of the most profound changes yet in how humans get their electricity. That's according to a new forecast by Bloomberg New Energy Finance that plots out global power markets to 2040. 




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Australian Renewable Energy Law Paves Way for $11 Billion in Projects

Long-frustrated wind and solar developers in Australia can now get to work on more than A$14 billion ($11 billion) in projects after a new renewable energy target passed parliament.




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Clean Energy Companies Beat the Stock Market

Stocks of clean-energy companies are proving to be better investments than those of companies that produce most of the Western Hemisphere's power, and are outperforming the rest of the stock market as well.

The evidence is found in the New York Stock Exchange Bloomberg Americas Clean Energy Index. Its 141 companies, all based in North and South America, returned 32.62 percent in the past two years. In contrast, the 40 conventional-energy companies in the Standard and Poor's 500 Energy Index returned 1.02 percent over the same period, according to data compiled by Bloomberg.

Clean energy also is beating the rest of the stock market. The Clean Energy Index is up 6.02 percent so far this year. Lagging behind are both the S&P 500 and the Russell 3000 Index, which gained 3.12 percent and 3.86 percent respectively in 2015.




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Germany Gives Dirtiest Coal Plants Six Years for Phase Out

German Economy Minister Sigmar Gabriel said 13 percent of power stations burning lignite, a cheap form of coal, would be phased out by 2021 under a program to cut power industry pollution. The government abandoned talks on proposals to impose a climate-change fee that the industry said would have forced mines and plants to close, threatening jobs.




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Cost estimates for 1,200-MW Punatsangchhu-1 hydroelectric project reach US$1.74 billion

India's Union Cabinet has approved cost revisions for its intergovernmental agreement with the Royal Government of Bhutan to implement the 1,200-MW Punatsangchhu-1 hydroelectric project on Bhutan's Punatsangchhu River.




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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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Solar power growth impacting UK electricity sector

Q2 of 2015 saw a large increase in the generation of electricity from solar PV in the UK, with the growth having a significant impact on electricity market prices and other supply factors.




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Tidal power set for growth says report

Tidal power is set for growth in both the near and medium terms, according to new analysis.




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Nepal awards contract for first large-scale pumped-storage hydropower project

Engineering firm Lahmeyer International GmbH and sub-consultant Manitoba Hydro International have been awarded a contract by Tanahu Hydropower Ltd. to provide a number of services associated with the development of the 140-MW Tanahu pumped-storage project in Nepal.




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Endesa Chile outlines Latin American hydropower ambitions

Endesa Chile has unveiled a plan to develop 36 projects, amounting to 6300 MW of power in Brazil, Chile, Peru and Colombia. The board of directors are looking at hydroelectric power in particular for the bulk of the new capacity.




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WavePOD MHK Prototype Receives US$3.1 Million in New Funding

According to a press release from Aquamarine Power, the marine hydrokinetic (MHK) Wave Power Offtake Device (WavePOD) 10th-scale prototype, a project run jointly by Aquamarine Power, Bosch Rexroth and Carnegie Wave Energy, has received US$3.1 million in new funding. 




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Italy's ERG Power Generation acquires 527 MW of hydroelectric power from E.ON

German utility E.ON has agreed to sell its 527 MW Terni hydroelectric power complex to Genoa-based ERG Power Generation S.p.A.




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HydroEvent.com launches for HydroVision International 2016

HydroEvent.com, the one-stop location for all things related to the world’s largest hydro event, is up and running for HydroVision International 2016. The conference and events are scheduled for July 26-29 in Minneapolis, Minn. at the Minneapolis Convention Center. 




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Nigeria inaugurates 400-kW Tunga small hydroelectric project

Power to Sardauna, Taraba, Nigeria has increased with the Aug. 14 commissioning of the 400-kW Tunga hydroelectric project on the Donga River.  




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Seattle City Light evacuates 711-MW Skagit hydropower project amidst wildfire

Safety concerns raised by wildfires have forced utility Seattle City Light to evacuate employees from the town of Diablo, the nearby 711-MW Skagit hydropower complex and the North Cascades Institute's Environmental Learning Center.




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ORPC Ireland receives funding for marine hydrokinetic feasibility study

The Sustainable Energy Authority of Ireland (SEAI) is funding the Ireland division of U.S.-based Ocean Renewable Power Co. (ORPC) to identify feasible tidal energy sites in the coastal waters of County Donegal. 




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Proposed changes to U.K.'s FiT program met with backlash from small hydro sector

Changes to the United Kingdom's Feed-In Tariff program could have a negative impact on a number of generation sectors -- including small hydroelectric power -- according to a number of industry groups.




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Rwanda leases 22 small hydroelectric plants to private consortium

On Aug. 27, Rwanda’s Ministry of Infrastructure government announced it has leased 22 small hydropower projects located in the northern and western provinces to private investors to spur the country’s hydroelectric energy program. According to energy experts at the ministry, the plants would add about 24.6 MW of hydroelectric energy to the national grid. 




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JSW Energy refinances US$1.1 billion in hydroelectric project debt

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 financial structure for its hydropower-related debt following the purchase of two hydroelectric projects in November 2014 from Jaiprakash Power Ventures Ltd.  




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JSW Energy refinances US$1.1 billion in hydroelectric project debt

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 financial structure for its hydropower-related debt following the purchase of two hydroelectric projects in November 2014 from Jaiprakash Power Ventures Ltd.  




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Potsdam hydroelectric project has rehabilitation and new construction goals

According to the Federal Register, potential power is presently unutilized at the 800-kW East powerhouse and proposed 700-kW West powerhouse for the Potsdam hydroelectric project on the Raquette River in Lancaster County, New York. The proposed West powerhouse received a Federal Energy Regulatory Commission exemption from licensing in 1981.  




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Announcements to move forward development of several hydro projects in Zambia

A recent announcement published by Bulawayo 24 indicates several hydro projects are moving forward in Zambia.




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Lignum Vitae North America LLC donates bearings to teams in the Wave Energy Prize Challenge

Lignum Vitae North America LLC will donate bearings to any of the 20 teams advancing to the next phase in the Wave Energy Prize Challenge sponsored by the U.S. Department of Energy’s Water Power Program.  




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Chilhowee Reservoir drawdown to inspect seepage at 44-MW Chilhowee hydroelectric project

Project owner Brookfield Smoky Mountain Hydropower LLC (BSMH) is drawing down Chilhowee Reservoir, part of the 44-MW Chilhowee hydroelectric facility, to investigate seepage at the Chilhowee Dam on the Little Tennessee River in Blount and Monroe counties, Tenn.  




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Hydroelectric power, other renewables emphasized at G20 summit

A meeting of Group of Twenty energy ministers in Istanbul earlier this month affirmed a collective belief in renewable energy -- including hydroelectric power -- amongst the major economies that constitute the international forum.




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Sen. Murkowski introduces pair of Alaskan hydroelectric power bills

Hearings on a pair of bills held by the U.S. Senate Energy and Natural Resources Committee this week could potentially lead to an expansion of hydroelectric power in Alaska.




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Tibet’s 510-MW Zangmu, world’s highest elevation hydroelectric facility, is online

At more than 10,800 ft above sea level, the 510-MW Zangmu Hydropower Station -- the largest in Tibet and one of the highest elevation hydroelectric facilities in the world -- is fully operational. Constructed at a cost of US$1.5 billion, the facility is located in Gyaca County, Shannan Prefecture on the Yarlung Zangbo River (Brahmaputra River), that flows through Tibet downstream into India and Bangladesh.




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Knight Construction wins spillway gate rehab contract for Blue River Dam

Knight Construction & Supply Co. has won a $3.7 million contract from the U.S. Army Corps of Engineers to rehabilitate spillway gates at the Blue River Dam in Oregon.




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Asia’s emerging green bond market could affect hydroelectric project investment

Japan, the third-largest global bond player, is now becoming involved in using green bonds to have an affect on renewable energy that will likely include hydroelectric projects.  




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Asia’s emerging green bond market could affect hydroelectric project investment

Japan, the third-largest global bond player, is now becoming involved in using green bonds to have an affect on renewable energy that will likely include hydroelectric projects.  




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E.C. approves transfer of funding from Kyle Rhea tidal turbine array to Atlantis' 398-MW MeyGen

The European Commission's Climate Change Committee has approved a transfer of US$19.3 million in funding for tidal energy developer Atlantis Resources from the Kyle Rhea project to its 398-MW MeyGen project.




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IHA re-elected to steering committee of REN21, advocating for hydropower

The International Hydropower Association has been re-elected to the steering committee of the Renewable Energy Policy Network for the 21st Century (REN21).




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NHA launches UnlockHydro initiative

An educational campaign announced this week by the National Hydropower Association aims to increase awareness about the hydroelectric sector amongst the public and policymakers.




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NHA launches UnlockHydro initiative

An educational campaign announced this week by the National Hydropower Association aims to increase awareness about the hydroelectric sector amongst the public and policymakers.




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PowerChina, Argentina sign financing deal for 75-MW El Tambolar hydropower plant

The government of Argentinian province San Juan signed an agreement with PowerChina earlier this week for financing of the 75-MW El Tambolar hydropower project.




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Chilean council rejects claims against proposed 210-MW Mediterraneo hydropower project

The Chilean government's Council of Ministers rejected 27 claims filed by indigenous communities opposing the construction of the 210-MW Mediterraneo hydropower project, at least temporarily allowing development of the controversial plant to continue.