(ClimateRadar.com) Day4Energy, a Vancouver-based company has secured $17m to expand its production of solar panels. Day4 Energy has developed new PV technology that will significantly reduce the cost of PV to the end-user, making future technology a reality.
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(ClimateRadar.com) South Korean giant, LG, is planning to start a solar subsidsiary called LG Solar. It will invest $2m to start, with at further $5m to operate. “LG Corp. has made a decision to advance into the green and renewable energy sector, which has high growth potential, though detailed plans are not yet decided,” said Yoo Won, LG Corp.’s executive director.
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(ClimateRadar.com) According to SolarBuzz, the Japanese electronics giant, Sanyo, has agreed to cooperate in the financing and manufacturing of solar panels worth €20M/year with German based Wattner AG.
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(ClimateRadar.com) A new American startup called ChooseRenewables.com, has launched, to help consumers choose green electricity, conserve energy, offset their emissions and generate their own renewable electricity.
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(ClimateRadar.com) European venture capital investors are on track to realise annualised gross returns above 50% from investment in clean energy companies, according to the second annual European Clean Energy Venture Returns Analysis, completed by New Energy Finance to coincide with the European Energy Venture Fair 2007, taking place this week in Zurich.
http://www.newenergyfinance.com/docs/Press/2007-09-18_Venture_Investors_in_Clean_Energy.pdf
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(ClimateRadar.com) According to a report from World Solar-energy Conference held in Beijing, China produced 8% renewable energy in 2006, 0.5% more than in 2005. By the end of 2006, China’s solar energy heaters grew to a scale of 90 million square meters, accounting for 75.8% of the world’s total holding. According to China’s medium and long term development plan on renewable energy, by 2020 China’s renewable energy will account for 16% of total energy consumption.
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(ClimateRadar.com) The Energy Technologies Institute (ETI) has been attributed to The Midlands Consortium. The Midlands Consortium is comprised of the universities of Birmingham, Loughborough and Nottingham – all with extensive and complementary energy related research activities. The new group will receive £1 billion to manage a national institute to develop cleaner energies.
http://www.lboro.ac.uk/service/publicity/newsflash/Newsflash.html
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(Source: The Economic Times, India) Munich Re has developed an insurance cover that will boost renewable energy projects in India by guaranteeing polluters in developed countries carbon credits from their investments in renewable energy projects in developing countries such as India. http://economictimes.indiatimes.com/News/News_By_Industry/Energy/Power/Renewable_energy_projects_to_get_Munich_Re_cover_in_India/articleshow/2391910.cms
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(ClimateRadar) Energy market regulation in the UK needs to be overhauled to meet the challenges of carbon reduction and renewables targets, according to Government advisory body the Sustainable Development Commission. In a report published today (19 September), the Commission argues that reducing greenhouse gas emissions, should be made central to Ofgem’s remit in order to meet the needs of future consumers.
The report, Lost In Transmission – The role of Ofgem in a changing climate, highlights some of the ways in which Ofgem could play a long-term role in reducing carbon emissions from electricity and heat production.
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(LA Times) An op-editorial about the challenges facing renewable enrgy in California and the USA.
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