Tag Archives: bank
Big Banks: Scared of Solar Projects?
Given the uncertainty in today’s solar industry, are bank credit committees backing away from solar generation projects? Jennifer Graham, a VP at Prudential Capital Group and panelist at Solar Power Generation 2013, said, “There are certainly a lot more questions,” adding that her institution doesn’t consider solar deals valued at less than $45 million. “‘What [...]
In Focus: Off-Grid Renewable Energy
At the beginning of August 2012, the world’s biggest power outage hit India leaving 600 million people without electricity. India’s burgeoning electrical grid failed to meet the extreme demands of its growing economy. They simply did not have enough capacity to meet the high demand of electricity in cities. The power outage threw the urban [...]
The Philippines Passes Renewable Energy FiT
In a historic day for renewable energy in The Philippines, the country approved a feed-in tariff (FiT) that convers small hydro, biomass, wind, and solar. It postponed including ocean energy for further study. The government previously announced the FiT for geothermal separately, in what it calls a “geothermal crash program.” It raised the rates to provide incentives to [...]
Top 10 Green Credit Cards
Environmentally conscious consumers interested in finding creative ways to do their part will be happy to know that several credit card companies have partnered with environmental charities. Using these cards is a great way to contribute to an environmental cause and promote eco-friendly practices by credit card companies. Why Not a Low Interest or Rewards [...]
Why Does the World Bank Keep on Funding Climate Change?
As activists in industrialized countries work tirelessly to eliminate coal plants and other major contributors to climate change, they risk seeing theirwork undone by new fossil fuel projects in the developing world. Thetemptation for developing nations to turn to cheap coal and oil for fuel makes it all the more important for countries like the [...]
LDK Solar Signs Financing Agreement With China Development Bank $LDK
LDK Solar Co. Ltd. has entered into a strategic financing agreement with China Development Bank Corp. (CDB), a joint stock banking corporationwholly owned by the state of China. Under the terms of theagreement, CDB will provide up to RMB 60 billion of credit facilities to LDK Solar over a five-year period. The financing will support [...]
Dan Kammen Advising World Bank on Energy Issues
The World Bank today announced theappointment of Professor of Energy Daniel M. Kammen of the University of California, Berkeley as the organization’s Chief Technical Specialistfor Renewable Energy and Energy Efficiency. This is a new positioncreated to provide strategic leadership on the policy, technical, andoperational fronts. The aim is to enhance the operational impact of the [...]
Deutsche Bank Brings Fight to Climate Skeptics
Citing “ a determined assault” by climatescience skeptics “on the climate findings accepted by the overwhelmingmajority of the scientific community,” Deutsche Bank released a new paper reviewing “major skeptic claims in light of thelatest peer reviewed scientific literature.” The report, written by the Columbia Climate Center at the Earth Institute, Columbia University,carefully reviewed the arguments [...]
G20 and Central Bank Governors Joint Communique
The economy is in recovery and investing in green is the next logicalstep to encourage growth. On June 5, G20 Finance Ministers and CentralBank Governors issued a “joint communiqué” which indicated that despiteregional and national imbalances, the world economy is recovering faster than expected. However the recent sovereign debt crisis inEurope and international financial market [...]