Could it be that the world’s largest emitter of greenhouse gas is the same country that spends more on green technology than any other country?
Stocks were up nearly 2% in mid-afternoon trading for TransCanada Corporation after the company announced its entrance into the the solar photovoltaic (PV) generation market.
Despite a political firestorm resulting in a dark cloud being cast over the federal government's backing of renewable energy projects in the aftermath of the fall of now bankrupt Solyndra, Inc. and Beacon Power, once high-flying cleantech companies that received federal loan guarantees, Washington is still moving ahead with plans to develop renewables—particularly, offshore wind power.
EDP Renewables (NYSE: EDPR), formerly Horizon Wind Energy, a developer and operator of wind farms across the United States, this week selected General Electric Co. (NYSE: GE) to service its North American fleet of 402 1.5-megawatt GE-branded wind turbines, the most widely used utility-scale turbine technology in the world.
The eyes of world leaders may be on oil-rich Libya, but the United Nations is also focused on another of its top priorities: the issue of the fact that 20% of world's citizens are living without power. In that vein, U.N. Secretary-General Ban Ki-Moon this week visited the Denver area to explore options for bringing electricity to those 1.4 billion people, most rural poor in sub-Saharan Africa and South Asia.
Chicago-based E.ON Climate & Renewables North America, a subsidiary of E.ON AG (Xetra: EOAN) of Germany, one of the world’s largest energy companies, this week announced it ordered 112 of Vestas' V100-1.8 MW turbines for an undisclosed American wind-energy project. The specific model of turbines is designed to provide maximum capture of wind at lower speeds.