US venture capital investment in clean technology, including power generation, shrank 44 per cent to $1.1 billion during second quarter 2011 compared to the same period last year, according to analysis from Ernst & Young.
Sempra Generation has signed a power purchasen agreement (PPA) with Pacific Gas & Electric of San Francisco to sell the utility 150 MWs of electricity generated at its Copper Mountain Solar complex in Boulder City.
The German Bundestag has passed a carbon capture and storage (CCS) technology bill allowing demonstration projects at carbon-emitting power plants until 2016 to pump CO2 emissions underground.
In the first quarter of 2011 the amount of US power generated by coal-fired power plants reached a new 30-year low.
Studies by the Massachusetts Institute of Technology (MIT) suggest that new technologies intended to increase use of renewable energy could destabilise the power grid if they are not matched with careful pricing policies.
The UK has built more offshore wind power generation in the first six months of 2011 than any other country in the world, accounting for almost all the offshore turbines erected so far in Europe this year.
A Japanese government panel has said that it will thoroughly check Tokyo Electric Power Company’s (TEPCO’s) cost structure and how it has been reflected in electricity bills to see if its rates are appropriate.
The Australian firm Syngas and the Chinese company Kailuan Energy Chemical have announced that they have signed a Letter of Intent. The companies aim to implement above ground coal gasification and coal-to-liquid projects, and to successfully develop and operate biomass power generation projects.
In order to match its growing demand the UAE will achieve nearly 40 per cent growth in its electricity generation by 2020, according to the UAE Power Report from Business Monitor International (BMI).
India’s lone nuclear power generation utility, Nuclear Power Corporation (NPCIL), is to go ahead with its plans for agressive capacity expansion, despite the renewed safety concerns for nuclear power generation after the Fukushima disaster.