renewable energy investment
The winners in the latest round of GE's Ecomagination Challenge were announced Thursday - a proper closing for the initiative's strong first year.
In 2013, when construction is slated to be complete, the Ivanpah Solar Electric Generating System, located in southern California, is expected to be the world's largest solar farm.
A report released by the Pew Charitable Trusts shows that investment in clean power projects could rise as high as US$2.3 trillion at the end of the next decade.
The Brazilian government has held an auction for biomass, wind, and hydroelectric contracts which is expected to spur US$5.5 billion worth of investment in South America's largest country.
The auction allowed alternative energy generators to submit contracts to utility companies that had outlined what their energy demand would be through 2013.
The Asian Development Bank has decided to invest another US$1 billon in renewable energy projects and private equity funds which finance cleantech development in Asia.