renewable energy investment
Connecticut-based energy investment firm First Reserve Corporation has committed $150 million to a new joint venture with Spanish renewable energy developer Renovalia Energy.
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.
New York Pacific Capital (NYPC) has created a private equity fund to the tune of US$45 million fund that it will base in China.
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.
According to research conducted by the accounting firm Ernst & Young, China has supplanted the United States as the most attractive destination for investment in renewable energy.
France has unveiled a new renewable energy investment program which will see the government provide €1.35 billion to support the development of cutting-edge clean energy technologies.
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.
