Policy, investment and markets News for June 2010

Policy, investment and markets News Archive

UK Green Investment Bank Commission: £550bn in green investment needed

The Green Investment Bank Commission, an independent group set up by the UK Chancellor to advise Government, says a public financial institution to unlock green investment is urgently needed.

UK Budget positive for green jobs

The UK Budget could be positive for the development of further green collar jobs, according to recruitment company Acre, which specialises in the corporate responsibility, sustainability, climate and energy, and environmental sectors.

UK urges 30% EU emissions cut by 2020

In a recent speech, the UK Secretary of Energy and Climate Change, Chris Huhne, called for the EU to adopt a 30% emissions reduction target by 2020.

Biomass could provide electricity for 30 million rural residents of China

The People's Republic of China (PRC) needs US$60 billion over the next decade to harness its biomass energy potential in rural areas.

EIB and Intesa Sanpaolo provide EUR 200m for renewables

The European Investment Bank (EIB) and the Intesa Sanpaolo Group are to provide medium to long-term finance of EUR 680m for Italian SMEs, and Italian organisations undertaking projects in the energy, environment and infrastructure sectors.

Venture capitalists shift direction on biofuel… again Venture capitalists shift direction on biofuel… again

VCs are favouring biofuel companies with new business models, new technologies and new geographies in pursuit of successful exits, says Lux Research.

Industry reactions to the UK Budget - updated

Industry reactions are starting to come in response to the UK June Budget 2010 announced on 22 June.

Australia can have 100% renewable energy in a decade

A combination of energy efficiency, fuel-switching and a combination of commercially-available renewable energy technologies could allow 100% of Australia’s energy needs to be met with renewable sources, according to a new report.

UK June 2010 Budget

The UK Government has announced a range of spending cuts in its revised budget for 2010, and there have been fears that this would hit the renewable energy industry. Here’s the (renewable) energy related changes.

APEC wants continued development of renewable energy

Renewable energy technologies are declining in cost but continued efforts are required to further reduce this, according to energy ministers from the 21-country Asia-Pacific Economic Cooperation.

Ownergy launches solar park developer service

Ownergy is launching as solar park developer service for managing all aspects of solar park development from design to installation and system management in the UK.

Turkish wind consultancy joins Natural Power

The Turkish wind consultant re-consult is joining Natural Power following four years of cooperation under a framework agreement.

World Wind Energy Award 2010 to IRENA founders

The World Wind Energy Award 2010 has been awarded to the founding member states of the International Renewable Energy Agency IRENA at the 9th World Wind Energy Conference 2010 in Istanbul, Turkey.

Guatemala develops hydropower and solar energy grid

The Japan International Cooperation Agency (JICA) is supporting Guatemala’s 7-year plan for a national power grid, using hydropower and solar power to reach the country’s poorest regions.

Oil & gas actor buys renewable energy consultancy TNEI

The international oil & gas facilities service provider Petrofac has purchased TNEI Services Ltd through the acquisition of its holding company New Energy Industries Ltd for £7.5 million.

Emerging renewables to have more profile in next statistical review

The ‘Statistical Review of World Energy’ does not include wind, solar or geothermal in its primary energy forecast, but these sources will be added next year because they are reaching “sufficient weight in a number of countries.”

EU commission sets up system for certifying sustainable biofuels

The European Commission is to encourage industry, governments and NGOs to set up certification schemes for all types of biofuels, including those imported into the EU.

Intersolar: Tougher times for solar thin-film

EuPD Research’s white paper International PV Thin Film Market Dynamics – From Introduction to Growth Stage, finds that the international solar thin-film market share increased from 8% in 2008 to 20% in 2009.

Announcing a new blog from analysts GlobalData

The regular blog will provide insight and information on the biggest deals in alternative energy.

Michael Gratzel awarded 2010 millennium technology prize Michael Gratzel awarded 2010 millennium technology prize

The 2010 Millennium Prize Laureate Michael Grätzel is the father of third generation dye-sensitized solar cells. Grätzel cells, which promise electricity-generating windows and low-cost solar panels, have just made their debut in consumer products.

Wind energy industry foresees 250,000 new jobs in Europe by 2020

The belief that the European wind energy industry can make a serious contribution to green growth was backed by politicians of the left and right and trade unionists at a high-level meeting held in Brussels.

First Solar remains largest supplier in Q1

CdTE thin film module manufacturer, First Solar remained the largest supplier of PV modules with a global share of 8.4% in the first quarter of 2010 - according to the latest analysis of the PV module market from IMS Research.

Middle East to build first major solar power plant

Contracts have been let for a 100 MW solar power facility that will be built near the capital of the United Arab Emirates (UAE).

World's largest ‘fast pyrolysis’ facility to convert biomass into oil

Canada’s Ensyn Technologies and forestry producer Tolko Industries will build a plant to convert 400 dry tonnes of biomass a day into 85 million litres of pyrolysis oil a year.

US remains most attractive country for renewables

The United States remains the most attractive country in the world for renewable energy, although it now ties the top spot with China.

First Solar expands German thin-film solar module manufacturing

First Solar Inc intends to expand its German thin-film solar module manufacturing plant in Frankfurt an der Oder, Germany, doubling local production capacity.

Renewable energy could support 8.5 million jobs by 2030

Stronger government support for green power could boost employment in the sector, according to the latest forecast from Greenpeace and the European Renewable Energy Council (EREC).

Biomass overtakes wind as champion in renewable energy

Biomass facilities have become a more attractive investment than wind and solar technologies, according to the renewable energy sector.

European solar thermal market contracted 10% in 2009

The European solar thermal market decreased by 10% in 2009, according to the report ‘Solar Thermal Markets in Europe – Trends and Market Statistics 2009’ from the European Solar Thermal Industry Federation (ESTIF).

Onshore wind tops private equity renewable energy target – KPMG

Mainstream Renewable Power, has completed Private equity is getting ready for investment in renewable energy over the next year, according to a recent KPMG poll.

Dow Corning invests in European solar PV

Dow Corning will invest up to US$13 million to expand its European innovation with silicon-based materials and technologies and for solar photovoltaics (PV).

Sharp solar PV turnover up 33% in 2009

Sharp says its solar photovoltaic (PV) turnover rose 33% in 2009 to US$2.2 billion.

European solar PV industry ready to co-finance €1235m of R&D

The European solar photovoltaic (PV) industry is launching the Solar Industry Initiative (SEII) this week at the European SET Plan Conference in Madrid, Spain.