It was another underwhelming week for the stock markets, with the broad markets and broad clean energy indices all losing ground over the five days.
The only strongly positive clean energy sector was wind power and technology, with the EnergyBoom Wind Subindex (E•B Wind) increasing 1.35% and the First Trust Global Wind Energy ETF (FAN) climbing 0.90%. Biggest loser was the solar power and technology sector, with the EnergyBoom Solar Subindex (E•B Solar) falling 7.34% and the Guggenheim Solar ETF (TAN) dropping 6.27%.
Scotland’s First Minister Alex Salmond, a member of Scotland’s National Party (SNP) recently committed his fellow SNPers to a renewable energy goal of 100 percent by 2020.
The Scottish government recently announced that it would aid in the creation of 22,000 new green jobs in the next four years.
The jobs will span manufacturing, scientific research, and innovation in both the renewable energy and carbon industries.
Energy consulting firm IHS Inc. (NYSE: IHS) issued a report this week saying 1.8 gigawatts (GW) of ocean wave and tidal energy projects are in “the pipeline”. For investors wanting to participate, there is only one publicly traded pure-play company in this business: Ocean Power Technologies, Inc. (NASDAQ: OPTT).
Setting its plans for 6,000 megawatt (MW) of offshore wind by 2020 in motion, France is now seeking US$13 billion in bids for the first phase.
Romania, which has set an ambitious target of generating 33% of its power from renewable sources by 2020, primarily wind energy (coal currently fires almost 40% of the country's electricity, with most of the rest coming from burning oil and gas), has begun its alternative energy push wi