Latest news
EU Commission to award 12.5 billion dollars for transmission systems
As to reach its targets of generating 20% of green power of the total electricity demand, the European Commission released its energy infrastructure plan worth 9.1 billion Euros (12.5 billion dollars) as to modernized its transmission systems for its smart grid (installing new pipelines and power grids) and for the renewable energy applications for the period 2014-2020.
read more... 25/10/2011
Italian PV market to reach 12.5 GW by the end of 2011
Italian solar power market became one of the largest following the German one, immediately after introducing an incentive system in 2007. In May, the Italian government reduced the feed-in tariffs as to sustain customers. According to the chairman of industry body GIFI, Italy’s total PV installed capacity could rise to 12.0- 12.5 GW by the end of 2011, while the growth will slow next year.
read more... 24/10/2011
Germany to invest 100 Billion Euros in renewables
Germany’s federally-owned KfW banking group announced its investment bid for renewable energy worth 100 billion Euros over the next five years. Forasmuch as Germany is the largest photovoltaic market and leads the wind energy industry, this move will consolidate the investments’ outlook and give more attractiveness to green energy in the local businesses.
read more... 21/10/2011
Japan to boost renewable energy by 2020
The world’s worst nuclear crisis in 25 years pushed many global leaders to review its perception over nuclear energy by changing its energy “way” toward renewable energy. So, the Japanese government will ease the rules on developing geothermal, wind and hydraulic utilities, thus strengthening the public energy safety.
read more... 20/10/2011
Western Wind stock prices strongly increased
Western wind stock prices settled a strong increase on the Toronto Stock Exchange, immediately after the announcement that Algonquin Power & Utilities Corp. plans to purchase Western Wind Energy Corporation, a renewable energy developer. Western wind stock prices increased 58 percent to 2.10 dollars, having set the largest increase since June 2001.
read more... 19/10/2011