Tag Archives: market
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 [...]
SunPower Announces $325M in Residential Solar Projects from Citi and Credit Suisse
In a remarkably clear trend, SunPower (NASDAQ: SPWR) just announced $325 million in new commitments for residential solar lease projects from Citi and Credit Suisse. SunPower joins in the recent cash infusions from banks for firms such as SolarCity, SunRun, OneRoof, Clean Power Finance, and Borrego Solar totaling more than $600 million in what is [...]
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 [...]
Walmart Turns on 100th Solar Installation
The world’s largest retailer Walmart has finished the rooftop solar installation at its San Diego store, the 100th project completed so far in California. Last year, Walmart committed to extending its rooftop solar portfolio to more than 75 percent of its California stores (approximately 130) by the end of 2013. Installer SolarCity, which handled the [...]
Envision Solar Sees Middle East Potential
Envision Solar, which builds high-quality and architecturally stunning solar canopies, is expanding into the Middle East. The California company is partnering with Aconfort, a member of Al Habtoor Enterprises, to market its solar canopies in the United Arab Emirates, Qatar, Saudi Arabia and Spain. “I have lived and worked in the Middle East,” said Desmond [...]
Bangladesh Hits 1 Million Solar Systems Milestone
In one of the poorest countries on the planet a renewable energy service company is installing one thousand solar home systems – a day. Not in its capital or busy urban centers, but where 80 percent of the population lives – in rural Bangladesh. The company, Grameen Shakti, literally translates as rural energy. By the [...]
New Jersey Governor Confirm Commitment to Solar
Just across the river from EcoOutfitters’ New York headquarters, New Jersey Governor Chris Christie today displayed strong solar support and leadership. By signing into legislation a bill that will increase the number of SRECS (solar renewable energy credits) that electric utilities must buy, Gov. Christie has helped keep the solar industry’s healthy growth rate intact. [...]
Energy Efficiency Financing: Where’s The Money?
Amongst the problems with energy efficiency upgrades is the little issue of money. Even though the projects will ultimately save a city, business or household money over the long haul, it’s tough to get people to invest the money upfront, if they even have it to begin with. Experts in the field often note that [...]
GE Energy Splits Into 3 Units
General Electric announced that it’s splitting its energy division into three standalone businesses later this year. The move will greatly simplify communication with customers and investors and creates a more agile organizational structure that aligns more effectively with each industry sector. The three new businesses will report directly to GE Chairman and CEO Jeff Immelt. Currently, GE Energy Infrastructure employs 100,000 [...]