Policy, investment and markets News for March 2009

Policy, investment and markets News Archive

US agencies cooperate on offshore renewable energy

The US Department of the Interior (DoI) and the Federal Energy Regulatory Commission (FERC) will work together to facilitate the permitting of renewable energy in offshore waters.

Discussion draft of US House clean energy Bill released

Chairman Henry A. Waxman of the Energy and Commerce Committee and Chairman Edward J. Markey of the Energy and Environment Subcommittee have released a draft plan for US clean energy legislation, that they say will create jobs, help end "dangerous dependence on foreign oil", and combat global warming.

Updating power grids essential for renewables

Updated European power grids would allow larger amounts of wind and other renewables onto the European energy system, according to the European Wind Energy Association (EWEA).

Wind energy industry sees growing investment interest

The wind energy industry is attracting new sources of investment compensating for banks’ general reluctance to provide debt finance for projects, according to the European Wind Energy Association (EWEA).

Double ROCs available for small wind turbines in the UK

Double Renewable Obligation Certificates (ROCs) will become available across the UK in April 2009.

Ontario proposes feed-in-tariffs Ontario proposes feed-in-tariffs

Ontario has proposed feed-in-tariffs (FiTs) for renewable energy generated from sources such as onshore and offshore wind, hydroelectric, solar, biogas, biomass and landfill gas.

Total and GDF SUEZ consider solar investment solar

French oil company Total and energy company GDF SUEZ are considering investing in a silicium wafers plant serving the photovoltaic (PV) industry in the Moselle region of France.

Shell withdraws from wind and solar – focuses on biofuels

Royal Dutch Shell has said it does not plan to invest further in renewable energies such as wind, solar and hydropower as these are deemed uneconomic.

Hamburg expands clean vehicle fleet, including fuel cell vehicles and hydrogen stations

The northern German city of Hamburg has started a major project with Daimler, Shell, Total and Vattenfall Europe that aims to increase the use of emission-free vehicles, including ones powered by fuel cells, and to create a corresponding infrastructure of hydrogen fueling stations.

California Fuel Cell Partnership sets out plan for future hydrogen infrastructure

The California Fuel Cell Partnership (CaFCP) has released an action plan that details a strategy for deploying hydrogen fueling stations and fuel cell vehicles in California. The document, 'Hydrogen fuel cell vehicle and station deployment plan: A strategy for meeting the challenge ahead', specifies the steps needed to meet the fuel needs of 4300 passenger vehicles and 20 fuel cell buses in California by 2014, and prepares for even more growth though to 2017.

Climate change congress: 40% renewables by 2050

The International scientific congress Climate Change: Global Risks, Challenges & Decisions has voiced the possibility of 40% of the world’s power coming from renewable energy by 2050 with adequate financial and political support.

UK PV support closing

The Stream 2 support for photovoltaics (PV) under the UK Low carbon Building Programme (LCBP) is due to close, causing concern in the renewable energy industry.

DoE updates on economics stimulus activities

The US Department of Energy (DoE) is publishing updates on its activities in relation to the American Recovery and Investment Act of 2009 on its website.

UK Low Carbon Industrial Strategy

The UK Government launched its Low Carbon Strategy on 6 March mapping the UK’s industrial priorities for taking advantage of the new global low carbon economy.

AWEA calls for renewable electricity standard

The American Wind Energy Association (AWEA) is calling on Senators and Representative in the US Senate and House of Representatives to pass a national renewable electricity standard (RES).

Ireland announces new FiT

Irish Energy Minister Eamon Ryan has announced measures to encourage the on-site generation of electricity in homes and farms across Ireland.

Senergy Alternative Energy and Par Equity LLP form investment partnership

Senergy Alternative Energy and Par Equity LLP have formed an investment partnership to identify and pursue investment opportunities in companies operating in the alternative energy and clean technology sectors.

Ontario, Canada, proposes renewables legislation

Ontario, Canada, is proposing sweeping new legislation to attract new investment, create new ‘green economy jobs’ and better protect the climate.

Wind bracing itself for slower 2009 Wind bracing itself for slower 2009

Emerging Energy Research’s (EER) 2008 Wind Turbine Market Share Update shows that banking on long-term growth, turbine manufacturers push capacity investments while bracing for slower 2009.

“It is time for America to lead again” – on renewables

In his first address to the Joint Session of Congress on 24 February, US President Barack Obama called on the USA to take a lead on renewable and clean energy.

Major players form Round 3 offshore wind consortium

Four leading international energy companies have formed a consortium to bid for exclusive rights to develop offshore windfarms under the UK Round 3 licence round

US climate bill – uncertain timing

Major climate change legislation may not go through the US Congress before 2010, the White House signalled on 23 February.