New York's $5bn renewables vision
NYSERDA says its 10-year plans will cost $3.85bn on top of current spending commitments. But the sustainable energy body says that does not mean a rise in energy bills for consumers.
IEA: Solar could be world's main energy source by 2050
International Energy Agency announces at EU PVSEC that solar PV could provide 16% of global electricity by 2050.
ADB signs off $152m Rajasthan loan
Indian state will get finance to expand its transmission network. Rajasthan wants to generate 8 GW from solar and wind by 2018.
UN Climate Summit strikes bum note
Despite the self-congratulatory mood, critics attack gathering of 120 world leaders for failing to rise to the challenge of climate change.
Berkeley Lab report examines financial impacts of distributed PV on utilities
Impacts to utility shareholder earnings and return on equity can vary greatly but can also be mitigated through a range of measures, according to analysts.
Flow batteries: more cost effective for residential and utility-scale installations?
CEO interview: Bill Watkins, CEO of Imergy Power Systems, speaks exclusively with pv magazine about the company’s vanadium-based flow battery energy storage products and why they make sense for PV developers. Imergy is headquartered in Fremont, California, and has operations in Gurgaon, India.
Manz secures EUR 20 million loan for CIGS research
The credit line is part of an initiative to support midcap companies launched by the European Commission and the European Investment Bank, which describes Manz as “a technology leader well on a par with international competitors.”
Abengoa launches EUR 500 million green bond offering
The Spanish group will use the proceeds to finance existing and future eligible green energy projects.
Centrotherm cites PV sector weakness as 50 jobs cut
The German solar equipment manufacturer announces continued restructuring and modernization program that will see 50 jobs go at its Blaubeuren HQ.
Rockefellers dump oil, embrace clean energy
If John D. Rockefeller were alive today, “as an astute businessman looking out to the future, he would be moving out of fossil fuels and investing in clean, renewable energy,” says Stephen Heintz, president of the Rockefeller Brothers Fund.
