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Reykjavik to Start Drilling on $2 Billion Ethiopia Geothermal Project

Reykjavik Geothermal, the Icelandic power-plant builder, plans to begin drilling in Ethiopia by July as part of a $2 billion project to develop the renewable energy source, Chief Operating Officer Gunnar Orn Gunnarsson said.




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Germany’s $2.8 Billion Power Link With Norway Threatened

Talks between Germany and Norway about how to boost the trading of electricity from renewable sources are being held up by concerns that the power cable running under the North Sea won’t ever make money.




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Clean Energy Investment Rises in Several Countries Amid Global Decline

Three G-20 nations saw an increase in clean-energy investments last year even as funding declined globally for the second consecutive year, according to The Pew Charitable Trusts.




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Japan Energy Policy Stops Short of Setting Renewables Targets

Prime Minister Shinzo Abe’s government stopped short of setting goals for renewable energy in the final version of a draft plan that reinforces atomic power’s role in Japan’s energy future, calling it a vital source of generation.




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Utilities Threatened by Competitive Renewable Energy Growth

Technology is catching up with Thomas Edison’s electricity industry, eating away at the utility business model that hasn’t changed much in a century.




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Capital for Clean Energy Easier to Find as Investors Seek Simplicity

Simplifying finance vehicles for renewable energy will lure more investors and lower the costs of capital.




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Global Renewable Energy Should Triple to Save Climate, UN Panel Says

The world needs to triple the energy it gets from renewables, nuclear reactors and power plants that use emissions-capture technology to avoid dangerous levels of global warming, United Nations scientists said.




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CEO of German Utility RWE Says It Should Have Invested in Renewable Energy Sooner

What’s a beleaguered utility to do when forced by the government to close its profitable nuclear power plants?




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German Utilities Fight Renewable Energy Shift

Germany’s biggest utilities face dwindling market shares as the shift to renewable energy spurs regional power generation and storage technology, a senior member of Chancellor Angela Merkel’s party said.




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GE Reportedly in Talks to Buy France’s Alstom for $13 Billion

General Electric Co. is in talks to buy Alstom SA, the French builder of trains and power plants, people with knowledge of the matter said, in what would be GE’s biggest acquisition ever.




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Obama Bid to Cut Greenhouse Gases Divides Utility, Coal Industries

Bracing for greenhouse-gas rules from the Obama administration, two industries are staking out different positions. Coal companies are pledging to sue. Electric utilities are ready to talk.




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Australia Renewable Target Cuts Would Deter Investment, Say Manufacturers

Vestas Wind Systems A/S said scaling back Australia’s renewable energy target would cut the value of more than A$10 billion ($9.4 billion) in large projects across the industry and discourage international investors.




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Ohio Ready To Halt Its Renewable Portfolio Standard

Ohio is debating the sharpest break from a three-decade campaign by 29 U.S. states to reduce reliance on fossil fuels by promoting power from renewable sources.




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World Energy Supply Requires $40 Trillion Investment by 2035, Says IEA

Meeting the world’s energy supply needs by 2035 will require $40 trillion of investment, as demand grows and production and processing facilities have to be replaced, the International Energy Agency said.




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Unique study of net evaporation at a hydroelectric facility in Canada

A first-of-its-kind study of net evaporation at a hydroelectric facility reveals that the project has very little effect on the loss of water to the atmosphere as compared with pre-impoundment conditions.




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French State Bank Sets Aside 5 Billion Euros for Green Projects

Caisse des Depots et Consignations, a French state bank, is setting aside 5 billion euros ($6.8 billion) for green projects after the government proposed a law to spur use of renewable electricity and boost efficiency.




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Renewables to Receive Lion's Share of $7.7 Trillion in Global Power Funding

Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.




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Rehabilitation of Turbines at the Ohakuri Hydro Power Station

Turbine rehabilitation at the 112 MW Ohakuri Hydro Power Station in New Zealand was owner Mighty River Power's most complex program of works of any it had previously performed.




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Japan Bank Sets Aside $2 Billion for Clean Energy

Shinsei Bank Ltd., a lender for Goldman Sachs Group Inc.’s clean-energy projects in Japan, plans to provide as much as 200 billion yen (US $2 billion) in loans for renewable developments.




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France Spurs Efficiency, Renewables with $13.4 Billion Energy Plan

France’s planned energy law will mobilize about €10 billion (US $13.4 billion) in investment through tax credits and low-interest loans to spur efficiency and renewable power, Environment Minister Segolene Royal said.




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India to Sart Construction on German-backed $8 Billion Renewable Grid Project

India will begin construction this year on an $8 billion project backed by Germany’s development bank to upgrade its grid to handle a more than doubling of renewable power capacity by 2022.




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Australia Chills Hopes for $20 Billion Clean Energy Industry

Australia is frightening developers away from renewable energy even before the government decides whether to overhaul targets for the industry’s growth.




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Expect $1.6 Trillion in Clean Energy Investments Through 2020, Says IEA

Investments in new clean-energy capacity will total $1.61 trillion through 2020 even as the expansion of renewables is expected to slow, the International Energy Agency said.




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Australia's Renewable Industry Imperiled Pending Policy Review

A government-appointed panel gave Australian Prime Minister Tony Abbott two options to cut emissions more cheaply: either scrap or weaken its main clean energy program.




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Japan Utility to Suspend Grid Access for New Renewable Energy Producers

Kyushu Electric Power Co. will suspend responding to applications from renewable-energy producers applying to access its grid while it reviews how much more clean energy it’s capable of handling.




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RGGI Chair Says States Won’t Leave Emissions Trading Market for California, Quebec

California and Quebec, which together created the largest carbon market in North America this year, may come away empty-handed as they woo northeastern U.S. states to join their system.




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Ukraine Crisis May Spur EU Clean Energy Policies, Neste Oil Says

Europe’s concern about its reliance on Russian fossil fuels may spur governments to prioritize alternative energy, the head of Neste Oil Oyj said.




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Canadian Spotlight

The latest hydropower industry news from Canada




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EU Nations Mull Funds to Aid Clean Energy in 2030 Climate Deal

European Union governments are considering the use of carbon-permit funds to help finance clean technologies and spur poorer nations toward a low-carbon economy under a planned deal on 2030 climate and energy policies.




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Germany’s Clean Electricity Costs Decline for First Time

German electricity consumers will for the first time see a drop in the fee added to their bills to fund renewables, a boost for Chancellor Angela Merkel, who has pledged to curb the cost for voters.




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UK Green Bank Set to Draw Offshore Wind Investors to $1.6 Billion Fund

The U.K. Green Investment Bank is set to tie up the first investments in a $1.6 billion fund by the end of March, part of Britain’s push to cement its dominance in offshore wind power.




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Australia Seeks to Reduce Renewable Energy Target to ‘Real’ 20 Percent

Prime Minister Tony Abbott’s government will negotiate with the opposition to cut Australia’s renewable energy target and exempt industries such as aluminum and copper smelting.




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Are Environmental Regulations Causing US Utility Bills to Surge?

U.S. electricity markets face years of higher prices as clean-air regulations shut more coal-fired power plants than earlier forecast, cutting supply and forcing producers to rely more on natural gas.




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UN Sees Irreversible Damage to Climate Caused by Fossil Fuels

Humans are causing irreversible damage to the planet from burning fossil fuels, the biggest ever study of the available science concluded in a report designed to spur the fight against climate change.




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Fossil Fuels Reap $550 Billion in Subsidies, Hindering Renewables Investment

Fossil fuels are reaping $550 billion a year in subsidies and holding back investment in cleaner forms of energy, the International Energy Agency said.




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Carbon Breakthrough: US, China Make Milestone Agreement to Fight Climate Change

President Barack Obama pledged deeper U.S. cuts in greenhouse-gas emissions and China will for the first time set a target for capping carbon emissions under an agreement between the world’s two biggest economies.




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Obama to Pledge $3 Billion for Climate Change Fund

President Barack Obama will pledge $3 billion to a United Nations climate-change fund that’s intended to help poor nations boost renewable energy and counter the ill effects of global warming.




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German Utility EON To Ditch Fossil Fuel Arm, Focus on Renewables

EON SE’s plan to spin off its fossil fuel plants marks a watershed moment in Germany’s renewables effort that will likely bolster the country’s already leading position in clean energy.




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Sage Advice is the Highlight of the Women in Power Luncheon

The advice that Pennwell’s 2014 Woman of the Year, Mary Powell, gave to women in the power industry during Tuesday’s Women in Power Luncheon might come as a surprise to some. It was this: Stop undercutting each other. Powell said the most difficult obstacles she has encountered in her various leadership roles have not come from men, but rather from other women. Small comments like “I don’t know how you do it [being a mom and holding a high-level job]”, serve to bring doubt and uncertainty to high achieving women in any industry, and ultimately can lead to women exiting their careers in order to fit what they perceive is the societal norm.




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California Governor Seeks to Increase Renewable Energy Mandate to 50 Percent

California Governor Jerry Brown proposed spending $59 billion to fix crumbling roads and raising the state’s renewable energy mandate to 50 percent.




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Utility GDF Suez Plans to Double European Renewable Capacity by 2025

GDF Suez SA plans to double renewable power production capacity in Europe over the next decade as the utility shifts its focus away from developing more historic natural gas and nuclear energy sources in the region.




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China Nears Publication of Plan to Guide Geothermal Developments

China could be nearing publication of a plan to guide the development of geothermal energy resources over the next few years as it plunges ahead with efforts to get more of its energy from renewable sources.




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India Clean Energy Investments Rose 13 Percent to $7.9 Billion in 2014

Clean energy investments in India increased to $7.9 billion last year and are expected to surpass $10 billion in 2015.




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Brazilian Bank Raises $408 Million for Renewable Energy and Water Projects

The Brazilian bank Itau Unibanco Holding SA raised 1.05 billion reais ($408 million) to finance renewable energy and water treatment projects.




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Obama Proposes $4 Billion for States Beating Climate Goals

The Obama administration is proposing a $4 billion fund to reward states that exceed cuts in greenhouse-gas emissions, and wants Congress to back steeper royalty rates for oil, gas and coal extraction from public land.




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California's Clean Tech Industry Best in US for Jobs and Investment

California’s bet on green energy is paying off, with clean technology companies creating more jobs and investing more money than competitors in any other state.




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Geothermal Saves Kenya $24 Million of Fuel Monthly, Says KenGen

New power-generating units at Kenya’s Olkaria I plant are saving East Africa’s biggest economy about 2.2 billion shillings ($24 million) a month on fuel costs, according to the country’s biggest electricity producer.




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Mexico Pledges to Cut Emissions 25 Percent in Climate Change Milestone

Mexico has become the first developing nation to formally promise to cut its global-warming pollution, a potential milestone in efforts to reach a worldwide agreement on tackling climate change.




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Investors Spent a Record $2 Trillion on Renewables, Report Says

Investors have spent more than $2 trillion on clean-energy plants in the past decade and last year added more renewable capacity than ever before.




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Republican Texas Bows to California and Backs Energy Finance Plan

Jim Keffer is Republican state lawmaker in Texas with a permit to carry a concealed weapon and doubts about whether human activity is causing global warming.