Renewable energy in India gets more support from European Investment Bank

Euro - European Investment Bank Supports Renewable Energy

Bank is investing more than $900 million into India’s renewable energy market The European Investment Bank has announced that it will be providing more than $900 million to India’s renewable energy space. The bank is also partnering with the Indian Renewable Energy Development Agency and the India Infrastructure Finance Company. Through this partnership, the bank will help deploy new affordable solar energy systems. The funding will help provide more momentum to India’s growing clean energy space, which has been growing in recent years due to government support. Funding will help…

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Green home energy is leading the way among renovation trends

Green Energy Home - Residential renewble energy

A growing number of homeowners are opting for microgeneration technologies such as solar. Building an addition or an extension onto an existing house can be a phenomenal way to boost home value and ensure that a current residence continues to suit a family’s needs without having to move. However, a bigger home can lead to rising electrical and heating demands and costs. As a result, many homeowners are choosing to participate in a rapidly growing green home energy trend. By installing microgeneration technologies onto existing homes or those that have…

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Global solar energy capacity to surpass nuclear capacity by end of year

Solar Energy - Planet Eart and Sun

Report highlights the rapid growth of the solar energy sector The world’s solar energy capacity may soon surpass global nuclear energy capacity, according to a new report from GTM Research. Solar power has been attracting strong support throughout the world in recent years. Several countries have embraced this form of clean energy in order to become environmentally friendly. They have also done so to take advantage of various economic prospects that are offered by new solar energy projects. This is all happening as many countries begin to move away from…

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China surpasses its ambitious solar energy goal ahead of schedule

Solar Energy Panels - Solar Energy Goals

Solar power continues to explosive growth in China China has been breaking every expectation concerning solar installations this year. The country has long been a supporter of solar energy, and the number of installed solar power systems has grown significantly over the past few years. Now, China has broken yet another one of its goals. The country has installed some 10.52 gigawatts of solar energy capacity since July alone. The Chinese government has plans to build upon this momentum, showing even more support for solar power. Country now has 112.34…

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India to reach 155 GW of renewable energy capacity by 2026

India Renewable Energy Goals - Green Landscape in India

Revised analysis shows that India’s clean power capacity is growing more quickly than expected India is on track to reach 155 gigawatts of renewable energy capacity by 2026, according to a revised BMI Research analysis. The country has been working to embrace clean power for several years now. Hydropower has already established a strong presence in India, but the majority of the country’s new clean energy capacity will come from non-hydropower sources. Notably, solar and wind power will play a major role in accomplishing this goal. Solar power may become…

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Renewable energy to expand in Vanuatu

Renewable Energy - Flag Vanuatu

World Bank will provide funding for renewable energy in Vanuatu The island nation of Vanuatu is set to gain more access to renewable energy due to a new initiative launched by the World Bank. The World Bank has announced approval $4 million in funding for the Vanuatu Rural Electrification Project II. The project is meant to expand the nation’s use of renewable energy in order to make it more independent and open up new economic opportunities. The initiative intends to provide renewable energy for approximately 45,000 people in Vanuatu. Funding…

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Switzerland to phase out nuclear power in favor of renewable energy

Renewable Energy - Switzerland Flag

Swiss voters show favor for renewable energy over nuclear power Switzerland voters have approved a new plan for the government to move away from nuclear power in form of renewable energy. The Swiss government is keen to replace aging nuclear reactors with new energy solutions in order to ensure that the country has a reliable source of sustainable electricity. Some 58% of Swiss voters approved the plan over the past weekend, which now requires the government to take action on phasing out nuclear power. Plan calls for nuclear power plants…

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Coal consumption is falling in the US due to growth of renewable energy

renewable energy - consumption of coal

Renewable energy could eventually replace coal Usage of coal to produce electrical power has been on a steady decline in the United States over the past few years, according to a recent study from the Energy Information Administration. The study highlights the country’s continuing shift away from fossil-fuels toward renewable energy. Notably, wind and solar power have begun to replace coal in some parts of the United States. Natural gas is also becoming very popular in the country and while not a clean form of power, natural gas produces far…

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Colorado city sets sights on renewable energy to combat power problems

Renewable Energy - Pueblo, Colorado Courthouse

Homeowners voice concern over power outages and hope to see more renewable energy solutions Homeowners in Pueblo, Colorado, have come together to voice concern over the city’s apparent energy crisis. According to homeowners, as well as other locals, the city has been struggling with blackouts for some time. In some cases, these power outages have forced families to travel to motels and even homeless shelters in order to access the electricity they need. Local businesses have also expressed concern over increasing power bills, a problem that is creating a significant…

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Germany to convert large coal mine into a new energy storage system

Energy Storage - Inside a Coal Mine

New project aims to change an old coal mine into an efficient energy storage solution Germany has launched an ambitious new project that involved converting an old coal mine into a large-scale battery storage system. The Prosper-Haniel coal mine is the subject of the project. The mine was built in 1863 and produces approximately 3 million tons of coal every year. It is one of the few remaining active coal mines in Germany, but is slated for complete closure in 2018, when government subsidies supporting the mine are no longer…

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Beijing closes its last large-scale coal power plant in favor of renewable energy

Renewable Energy - Coal Plant

Major coal facility has ceased operations The last large-scale coal power plant in Beijing, China, has ceased operations. The city has been working to fight air pollution for some time now, and coal power plants have become a target. In order to reduce air pollution, Beijing has made it a priority to embrace renewable energy and clean transportation. As such, the city has adopted several policies that could help accomplish this goal. Beijing also has the ambitious goal of becoming China’s first city to be powered completely by renewable energy…

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California seeks to ditch fossil-fuels in favor of renewable energy

Renwable Energry - California wants change

New legislation could require California to hit the 100% renewable energy mark by 2045 California’s lawmakers are looking to fast track the state’s plans to become completely reliant on renewable energy. New legislation has been introduced that, if successful, will require the state to derive no less than 100% of its electricity from renewable sources by 2045. California already has plans to reach the 50% renewable energy mark by 2030, but lawmakers believe that the state can accomplish a more ambitious goal, largely due to its growing clean power market.…

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China halts production on coal power plants to power renewable energy investments

Renewable Energy - Image Coal Power Plant

Construction on 85 coal power plants has been halted The Chinese government has suspended plans to build 85 new coal power plants in order to invest more heavily in renewable energy. According to the National Energy Administration, halting the coal projects is part of China’s Five Year Plan, which focuses heavily on clean power and reducing greenhouse emissions. China has placed a limit on how much coal capacity can be active in the country at any given time. This is meant to reduce the production of emissions and attract more…

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Typhoons could be the next wind energy resource for Japan

Japan may be able to capture the power of nature Powerful storms are often a cause for concern. In recent years, storms have made headlines in the United States and elsewhere. In Japan, typhoons are quite common. While these storms can cause severe damage to properties, they could also be a valuable source of renewable energy. Several typhoons batter the coast of Japan every year and inventor Atsushi Shimizu believes that the destructive power of nature can be harnessed to produce wind energy in an effective manner. Nuclear disaster turns…

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Munich geothermal energy planning is underway

The German city has been conducting seismic studies to use the heat under the earth’s surface. The large scale Munich geothermal energy plans have now been released for the city located in Bavaria, Germany. The city’s plans for the renewable energy as a heating source are quite ambitious. The Munich geothermal energy strategy goals involve a 2040 deadline. By then, it wants to become the first large city in the world to be heated by 100 percent renewable energy. Geothermal energy will be playing a considerable role in this sizeable…

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Are Japan’s renewable energy project goals fizzling out?

The Fukushima nuclear plant disaster encouraged the country to make some ambitious plans. Five years have passed since the renewable energy project goals were set in Japan. Alternative energy sources became a priority following the Fukushima Daiichi nuclear plant disaster. An earthquake and subsequent tsunami shook the country’s confidence in the safety of nuclear power. However, it appears as though the urgency Japan had felt to implement green energy is losing steam. Among the challenges that come with a renewable energy project is the exchange of costly implementation over cheap…

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