The World Bank Group’s Board of Executive Directors approved a US$519 million project to support Morocco’s ongoing efforts to reduce its dependency on fossil fuels by developing its renewable energy resources. The Concentrated Solar Power (CSP) project will back the government’s strategy of harnessing power from the sun through the use of concentrated solar power … Continue reading Expansion of Morocco’s Largest Concentrated Solar Power (CSP) Complex to Provide 1.1 Million Moroccans with Solar Energy
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Renewable Energy spending at $175 Billion on Chinese Rise
Figures for the third quarter show another year-on-year rise, with a solar energy boom in China the biggest single contributor. About $175 billion was spent globally on renewable energy projects during the first three quarters, up 16 percent from the same period last year, with Chinese solar investment at a record, according to a Bloomberg … Continue reading Renewable Energy spending at $175 Billion on Chinese Rise
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Japan’s Largest Solar Power Project Funded With Market-Leading Investment by GE
Kuni Umi Asset Management, GE (NYSE: GE) unit GE Energy Financial Services and Toyo Engineering Corporation have invested in Japan’s largest solar power project, a 231-megawatt facility to be built in Setouchi City, Okayama Prefecture, via special purpose company and representative member Setouchi Future Creations. GE Energy Financial Services holds a 60 percent stake in … Continue reading Japan’s Largest Solar Power Project Funded With Market-Leading Investment by GE
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Pattern Energy Signs PPA Deals for Wind Energy and Solar Power
Pattern Energy Group LP, the closely held developer associated with Pattern Energy Group Inc., has signed a 20-year power purchase agreement for a wind farm in Ontario. The 100-megawatt Belle River project is the fifth Pattern Energy is building in Ontario with Samsung Electronics Co.’s renewables unit, the San Francisco-based developer said today in a … Continue reading Pattern Energy Signs PPA Deals for Wind Energy and Solar Power
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IEA: Solar energy, PV and Concentrated Solar Power, could dominate electricity by 2050
According to the roadmap, it could hit 1,000 GW of concentrated solar power (CSP) capacity, up from 4 GW today by 2050. Since 2010, generation of solar thermal electricity (STE) from concentrated solar power (CSP) plants has grown strongly worldwide. Concentrating solar plants (CSP) generate solar thermal electricity (STE) while producing no greenhouse … Continue reading IEA: Solar energy, PV and Concentrated Solar Power, could dominate electricity by 2050
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Schneider Electric solution to manage operations at SA’s inaugural concentrated solar power (CSP) plants
Schneider Electric has signed an agreement to install the distributed control system (DCS) for the two concentrated solar power (CSP) plants, Khi Solar One and KaXu Solar One, in South Africa. Schneider Electric, a global specialist in energy management, has signed an agreement to design, install and manage the distributed control system (DCS) … Continue reading Schneider Electric solution to manage operations at SA’s inaugural concentrated solar power (CSP) plants
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Germany urged to invest in solar power, wind energy in Pakistan
Pakistan’s Ambassador to Germany Syed Hasan Javed has said that the relatively unused potentials of solar and wind energy in Pakistan offer excellent opportunities to German companies to develop bilateral business activities based on competitiveness, expertise, technical know-how and product delivery in the areas of solar and wind energy. He was addressing to the participants … Continue reading Germany urged to invest in solar power, wind energy in Pakistan
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Solar energy capacity addition to touch 48,000 MW this year
Global solar power installations are projected to touch 48,000 MW in 2014, much higher than the generation capacity added last year amid policy adjustments in some countries. Mercom Capital Group, a global clean energy communications and consulting firm, today said that the first half of 2014 was not spectacular in terms of solar energy capacity … Continue reading Solar energy capacity addition to touch 48,000 MW this year
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Palen Concentrated Solar Power (CSP) project dropped by developers BrightSource Energy and Abengoa
BrightSource Energy and Abengoa Solar withdrew their application for the Palen concentrating solar power project Friday afternoon. BrightSource Energy and Abengoa Solar withdrew their application for the Palen concentrating solar power project Friday afternoon, a shocking turn of events following the project’s preliminary approval by state regulators just two weeks ago. The developers could eventually … Continue reading Palen Concentrated Solar Power (CSP) project dropped by developers BrightSource Energy and Abengoa
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Egypt plans 2 GW auction each for wind energy and solar power
Egypt is planning to auction 2 GW capacity each in wind and solar power capacity next month. The government is expecting an investment of about $7 million in the development of this capacity. In addition to renewable energy auctions, the government also plans to offer 4 GW of coal-fired power generation capacity for bidding. These … Continue reading Egypt plans 2 GW auction each for wind energy and solar power
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Concentrated Solar Power, PV and Wind Energy Development on Public Lands
As part of President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Secretary of the Interior Sally Jewell today announced a new competitive leasing process by the Bureau of Land Management (BLM) to help spur solar and wind energy development on public lands in the … Continue reading Concentrated Solar Power, PV and Wind Energy Development on Public Lands
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Wind energy and solar power compete with coal, gas
Lazard said that solar energy and wind energy were already competing with fossil fuels on an unsubsidised basis. We’ve now gotten hold of the original report and are reprinting four graphs here, which we find quite stunning because it underlines how quickly the case for more fossil fuels is quickly being eroded. The first graph … Continue reading Wind energy and solar power compete with coal, gas
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West African solar power project gets EUR 23m EIB backing
The European Investment Bank has agreed to provide EUR 23 million (15 billion CFA) to support investment in one of the largest photovoltaic power stations in sub-SaharanAfrica. The EUR 70.5 million (46 billion CFA) scheme will be constructed at Zagtouli on the outskirts of Ouagadougou, the capital of Burkina Faso and operated by national electricity … Continue reading West African solar power project gets EUR 23m EIB backing
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Flowserve Completes Engineering for Concentrated Solar Power (CSP) Plants in Africa
Flowserve has completed engineering and is now heavily engaged in manufacturing key pumping systems for the Ouarzazate and Bokpoort Concentrated Solar Power (CSP) projects. Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that it has completed engineering and is now heavily engaged in manufacturing … Continue reading Flowserve Completes Engineering for Concentrated Solar Power (CSP) Plants in Africa
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Abengoa announces its first asset sale to Abengoa Yield: two Concentrated Solar Power (CSP) plants and a wind power plant
The renewable assets sold consist of Solacor and PS, Concentrating Solar Power assets with a combined capacity of 131 MW located in Spain,and Cadonal, a 50 MW wind farm located in Uruguay. Abengoa today announced it has entered into a definitive agreement with Abengoa Yield, subject to the closing of financing, to sell three renewable … Continue reading Abengoa announces its first asset sale to Abengoa Yield: two Concentrated Solar Power (CSP) plants and a wind power plant
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Australia is the the worst country for renewable energy projects
Across town, Rhys Jacobs is in his office at the University of South Australia’s Sustainable Energy Centre. There, the 23-year-old PhD student is working on a project for use in the Concentrated Solar Power (CSP) industry. CSP represents the other half of the solar energy industry from the photovoltaic solar cells made by Tindo. CSP … Continue reading Australia is the the worst country for renewable energy projects
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Egypt sets new feed-in tariffs for wind energy and solar power
The government hopes for new and renewable energy to account for 20% Egypt’s total energy mix by 2020. The Ministry of Electricity announced Saturday pricing for electricity generated by new and renewable energy sources for households and private sector companies. Minister of Electricity Mohamed Shaker said in a press conference that the purpose of the … Continue reading Egypt sets new feed-in tariffs for wind energy and solar power
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According to Financial Times: US solar power and wind energy start to outshine gas
Large wind farms and solar plants are now cost-competitive with gas-fired power in many parts of the US even without subsidy, according to Lazard, raising the prospect of a fundamental shift in the country’s energy market. Costs have fallen and efficiency has risen for solar panels and wind turbines, the investment bank found, to the … Continue reading According to Financial Times: US solar power and wind energy start to outshine gas
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New Studies Find Significant Declines in Price of Rooftop and Utility-Scale Solar Power
The price of solar energy in the United States continues to fall substantially, according to the latest editions of two annual reports produced by the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab). A third Berkeley Lab report, written in collaboration with researchers at Yale University, the University of Texas at Austin and the … Continue reading New Studies Find Significant Declines in Price of Rooftop and Utility-Scale Solar Power
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Brazil will hold its second regional solar power auction
Brazil State to Have Solar Auction as It Seeks Local Panel Plant. Brazil will hold its second regional solar energy auction amid an effort to spur local panel manufacturing. Minas Gerais, in southeastern Brazil, is finalizing the rules for the November auction, Guilherme Augusto Duarte de Faria, superintendent of the state’s Economic Development Secretary, said … Continue reading Brazil will hold its second regional solar power auction
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