Siemens Gamesa to equip, build 100-MW wind farm in Ethiopia

(Renewables Now) – Siemens Gamesa Renewable Energy SA (BME:SGRE) has officially joined the 100-MW Assela wind farm project in Ethiopia as the turbine supplier and builder.

The company on Monday said it had signed a contract with state-owned utility Ethiopian Electric Power (EEP) for the supply of 29 pieces of the SG 3.4-132 wind turbines. It will also serve on the project as the engineering, procurement and construction (EPC) contractor. Continue reading “Siemens Gamesa to equip, build 100-MW wind farm in Ethiopia”

Renewable Energy Is Now The Cheapest Option

In recent years, the world has marched towards renewable energy. According to a new report by the International Renewable Energy Agency (IRENA), unsubsidized renewable energy is now most frequently the cheapest source of energy generation . The report finds that the cost of installation and maintenance of renewables, which was an important stumbling block to mass adoption, continues on a downward trajectory.

Adding to existing efforts made by governments and businesses, these lower costs are expected to propel the mass adoption of renewables even further. The report further touches on the importance of renewables in sustainable development and the need for governments to help achieve the climate goals of the Paris Agreement, coming just months before the United Nations’ Climate Action Summit being held in Abu Dhabi in September this year. Continue reading “Renewable Energy Is Now The Cheapest Option”

2020 Is The Year Europe Created More Energy From Renewables Than Fossil Fuels

For the very first time, the European Union is generating more energy from renewables than from fossil fuels.
A newly published report confirms that in 2020, wind, solar, hydropower and biomass shouldered 38 percent of the EU’s electricity demands, while fossil fuels trailed at 37 percent.

These two broad categories of power are now neck and neck, and while we’re headed in the right direction, the EU still has a long way to go to meet its green deal targets. Continue reading “2020 Is The Year Europe Created More Energy From Renewables Than Fossil Fuels”

Rockefeller Foundation’s call to action to provide sustainable energy

The Rockefeller Foundation today announced the formation of a global coalition aimed at providing sustainable energy for one billion people by 2030.

Organizations joining this call to action include the African Development Bank, CDC the UK’s development finance institution, European Investment Bank, International Energy Agency, International Renewable Energy Agency (IRENA), United Nations Development Programme (UNDP), U.S. International Development Finance Corporation and U.S. Agency for International Development (USAID). Continue reading “Rockefeller Foundation’s call to action to provide sustainable energy”

10 Facts about Renewable Energy

10 facts about renewable energy

How much do you know about renewable energy?  How much do we understand the sources of clean energy, their costs and benefits? Do you wonder why we aren’t taking more advantage of the renewable resources our planet offers? Is it a lack of awareness? To a certain extent, yes.  So let’s take the blinders off and open our eyes to 10 amazing facts about renewable energy that everyone should know. Continue reading “10 Facts about Renewable Energy”

The Biden Plan to Build a Modern, Sustainable Infrastructure

At this moment of profound crisis, we have the opportunity to build a more resilient, sustainable economy – one that will put the United States on an irreversible path to achieve net-zero emissions, economy-wide, by no later than 2050. Joe Biden will seize that opportunity and, in the process, create millions of good-paying jobs that provide workers with the choice to join a union and bargain collectively with their employers.

President Trump has a devastating pattern of denying science and leaving our country unprepared and vulnerable. Amidst the COVID-19 pandemic, he ignored public health experts, praised the Chinese government, and failed to take the actions needed to protect the American people. And as the crisis accelerated, Trump rolled back environmental standards that protect public health — adding to the 100 similar environmental and public health protections he has rolled back since taking office — even though early data suggests a link between exposure to pollution and serious negative health impacts from the virus. Continue reading “The Biden Plan to Build a Modern, Sustainable Infrastructure”

NASA research into the development of clean energy

Clean Energy

Researchers at NASA Ames are conducting cutting-edge research in the development of clean energy technologies for NASA mission needs in the Exploration Systems Mission Directorate and the Science Mission Directorate. Our renewable energy focus is on advancing biofuels, solar, and wind technologies that also help reduce our nation’s dependence on petroleum-based fuels. By advancing clean energy technologies, NASA Ames hopes to help our nation reduce its generation of greenhouse gases and create a sustainable future here on Earth.

View online video archives of the Council on Competitiveness Western Energy Summit, courtesy of Clean Skies TV. The event was held at NASA Ames Research Center on July 30, 2009. Here’s the press release. Continue reading “NASA research into the development of clean energy”

Why sustainable investing matters

Wealth and asset managers have seen a significant influx of client funds flow into sustainable investments. In fact, this investment strategy has grown 107.4% annually since 2012 and currently accounts for 18% of the assets under management (AUM) in the wealth and asset management industry.

Demand for sustainable investments is being driven, in part, by millennials who prefer to invest in alignment with personal values. Since millennials are poised to receive more than US$30t of inheritable wealth, sustainable investments will continue to grow in demand. As a result, fund managers are increasingly allocating resources to develop products and capture this emerging client segment.

According to an EY study,2 when assets change generations, firms typically lose 70% to 80% of those assets. Consequently, the wealth and asset managers who supply millennials3 with value-based investment options will be strongly positioned to attract new assets to the firm as well as retain beneficiary millennial clients. Continue reading “Why sustainable investing matters”

America’s second offshore wind farm completes construction

Construction work on the second offshore wind farm in the U.S. has been completed, with its two turbines installed and plans for a much larger project continuing to take shape.

In an announcement Monday, Dominion Energy said that the Coastal Virginia Offshore Wind pilot project — a two-turbine, 12-megawatt (MW) facility  — had been “built safely and on schedule despite the worldwide impact from the coronavirus pandemic.”

The company added that the project, which is located in waters 27 miles off Virginia Beach, would “enter service later this summer.” At its “peak output” the facility will be able to power 3,000 homes in Virginia.

Thomas F. Farrell, II, the chairman, president and CEO of Dominion Energy, described the construction of the project’s turbines as “a major milestone not only for offshore wind in Virginia but also for offshore wind in the United States.” Continue reading “America’s second offshore wind farm completes construction”

7 Renewable Energy Stocks for a Cleaner Future

Renewable energy stocks are delivering for investors again in 2020. Following a stellar showing, the S&P Global Clean Energy Index is higher by almost 43% year-to-date.

The rise of renewables is coming at the expense of traditional fossil fuels. Price action confirms as much as the S&P Energy Select Sector Index is lower by about 40% this year. There are stark realities applying to traditional and renewable energy stocks. In the U.S., a slew of state governments are increasing adoption of green energy sources.

Likewise, as prices decline, more corporations and consumers are embracing solar and wind power. Adding to the pressure on fossil fuels producers and bolstering the case for alternative energy equities is that an array of institutional investors, including college endowments, are saying “no” to coal, gas, and oil exposure. Continue reading “7 Renewable Energy Stocks for a Cleaner Future”