Monday 10 February 2014

March 4 Green Energy News

March 4 Green Energy News
HEADLINE NEWS:

* US-based SunEdison, now the largest renewable energy company in the world, says it sees a 4 trillion value opportunity in the global wind and solar markets by 2020. The company argues that the combined capacity for wind and solar will be more than 1,450 GW by 2020, about 2 1/2 times larger than the end of 2014. [RenewEconomy]

* Given the extreme hype over shale oil and fracking, one would expect the enthusiasm to translate into above average share performance for shale operators. This has not been the case. Share performance has actually been at best quite mediocre and in most cases just downright poor. [Energy Collective]

* The town of Scituate, Massachusetts, has made more than a half-million dollars in less than three years through its agreement with Scituate Wind LLC, owner of a local wind turbine. The town has collected more than 500,000 since the 390-foot-tall wind turbine went online in April of 2012. [The Patriot Ledger]

* What is likely to become the nation's first offshore wind farm has closed on more than 290 million in financing, which will allow a five-turbine demo of the renewable energy system to be completed. The Block Island Wind Farm will be a 30-MW offshore facility located in waters about 15 miles off Rhode Island. [Computerworld]

* New York regulators published a major order effectively telling traditional utilities that they will not be permitted to own renewable generation sources except in rare cases. This is to enhance competition and create markets that will allow on-site wind and rooftop solar to flourish. [Environment & Energy Publishing]

For more news, please visit geoharvey - Daily News about Energy and Climate Change.