In many countries, needs to reduce greenhouse gas emissions have led to increased installation of intermittent renewables such as wind and solar.

Statkraft AS, Norway’s state-owned power company, said it plans to plow as much as 60 billion kroner ($8.1 billion) into renewable energy around the world in the coming years after the government boosted its funding.

The top hydroelectric power news for December 2014

Learn how Canadian utility SaskPower integrated its hydro and non-hydro generating assets under one management system using Hatch's Vista Decision Support System.

California Governor Jerry Brown proposed spending $59 billion to fix crumbling roads and raising the state’s renewable energy mandate to 50 percent.

Clean energy investment rose for the first time in three years in 2014, overcoming a slump in oil prices that unsettled the outlook for the industry.

GDF Suez SA plans to double renewable power production capacity in Europe over the next decade as the utility shifts its focus away from developing more historic natural gas and nuclear energy sources in the region.

Clean energy investments in India increased to $7.9 billion last year and are expected to surpass $10 billion in 2015.

The Brazilian bank Itau Unibanco Holding SA raised 1.05 billion reais ($408 million) to finance renewable energy and water treatment projects.

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.

California’s bet on green energy is paying off, with clean technology companies creating more jobs and investing more money than competitors in any other state.

Africa’s first grid-connected biogas plant will begin supplying power by March 1, according to Johnnie McMillan, managing director of Tropical Power Kenya Ltd.

Enel SpA is putting the final touches on a yieldco that would hold its U.S. renewable energy assets, making it the latest power-plant owner to opt for a structure that frees up capital.

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.

U.K. subsidies for RWE AG’s Lynemouth power plant face a European Union probe amid concerns government aid would give the company too much to convert the site from coal to biomass and may hamper competition.

Policies favoring clean energy and increased competition would normally dim prospects for existing producers. Not in Chile, where foreign investors are driving a renewable boom at a time of surging returns by local utilities.

Global emissions were unchanged last year, the first time that’s happened amid economic growth in four decades, according to the International Energy Agency.

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.

A land claim brought against South Africa’s largest sugar farmer threatens to stop a 1.1 billion rand ($90 million) renewable-energy project that will produce electricity by burning leftover cane leaves and tops.

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.

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.

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.

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.

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.

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.

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.

Juha Sipila, who once converted his own Chevrolet to run on wood-gas, is counting on the abundant Finnish forests to provide the key to an economic revival.

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.

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.

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.

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

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.

An Obama administration proposal last month to cut quotas for renewable fuels led to a rout in ethanol credits and handcuffed the industry’s growth, biofuel groups said Thursday.

In West Virginia, where workers have harvested coal seams for centuries, Pope Francis’ new warning about the risks of fossil fuels will find skepticism even among the faithful.

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.

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. 

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.

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.

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.

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.

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.

As a carbon-neutral energy source, biomass technology is helping organizations generate electricity and heat while reducing their carbon footprint and greenhouse gas emissions.

Less than two weeks after 175 nations signed the pivotal Paris Agreement on climate change, a question lingers: What happens now?

Recently I traveled to San Francisco to participate in international efforts to meet the challenge of climate change and accelerate the global transition to clean energy. The main event was the Seventh Clean Energy Ministerial (CEM7), a meeting of 23 countries and the European Commission.

Brexit; It’s been the buzz word dominating the media recently and it’s likely to continue for some time. The UK’s decision to leave the EU has left both supporting sides of the ‘leave’ and ‘remain’ campaign in a somewhat collective state of uncertainty as to how this decision will impact the country right now and in the future years.

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.

The World Bank has approved US$390 million in additional financing to be used by Pakistan's Water and Power Development Authority for extensions of its Tarbela hydroelectric plant.

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.

Chile's Schwager Energy and China-based Shenyang Yuanda Commercial & Investment Co. signed a memorandum of understanding on Nov. 3 to build the 3-MW Los Pinos run-of-the-river hydroelectric plant in southern Chile's Lagos region, according to BN Americas.
 

Professional pyrotechnician Zack James is lighting his next fuse under the tractor market. The founder of Rabbit Tractors develops autonomous farm robots intended for multiple tasks and to be scaled up in number as needed, challenging traditional tractors. Based in northwest Indiana, Rabbit Tractors is a so-called swarm farming startup among a field of like-minded Read article >

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