US may be able to quadruple its renewable energy capacity

New study highlights the country’s potential to significantly increase its clean energy capacity A new study from the Union of Concerned Scientists suggests that the U.S. could quadruple its renewable energy production in the next 15 years. The study claims that 23% of the country’s electrical power could come from renewable sources by 2030. The study is a response to the Environmental Protection Agency’s (EPA) somewhat lax proposal that the U.S. would receive no more than 12% of its electrical power from renewable sources by 2030. Government support of clean…

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China revises its renewable energy support

China to continue supporting clean energy, but will take a new approach on financial support China has become the world’s largest investor in renewable energy and one of the most attractive energy markets, but the country is not satisfied with these achievements. The Chinese government has unveiled plans to continue bolstering the clean energy sector through a variety of initiatives. The country’s aggressive support of clean power has had a sizeable impact on the rest of the world. Over the past few years, China’s involvement in the manufacture of photovoltaic…

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Egypt makes a move on renewable energy

Egypt has introduced new feed-in tariffs that will support the development of new energy projects The Egyptian government has announced the introduction of financial incentives designed to support the expansion of its renewable energy sector. New feed-in tariffs are now available to energy developers that specialize in clean power. The incentives were launched ahead of one of the country’s largest energy auctions. Egypt is offering up 4 gigawatts worth of clean energy capacity to developers that want to bring their projects to the country. These developers could greatly benefit from…

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Asian Development Bank backs Indian renewable energy company

Bank invests in India’s Welspun Renewable Energy The Asian Development Bank has made a significant investment in Welspun Renewable Energy, an energy organization operating in India. Welspun currently boasts of a total capacity of 309 megawatts in its renewable energy capacity throughout India, an additional 200 megawatts worth of new projects currently under construction and 1.2 gigawatts worth of projects in various stages of development. The investment from the Asian Development Bank gives the bank a 13.3% stake in Welspun. India continues to prove itself to be a very active…

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Energy Excelerator seeks to support renewable energy organizations in Hawaii

Organization looks to provide financial support for energy start-ups in Hawaii Energy Excelerator, a new program based in Hawaii that is meant to offer financial support for renewable energy projects, has announced that it will begin accepting applications on June 1, 2014. The organization is seeking to support 14 organizations with $5 million in funding that will be split among successful applicants. Energy Excelerator is looking particularly for innovative start-ups that have ambitious, but plausible clean energy projects that will take root in Hawaii. Hawaii continues to grow in prominence…

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New climate change fund is now open for business

Fund aims to address environmental issues by supporting developing countries The Board of the Green Climate Fund, a multilateral fund that is meant to assist developing countries in addressing the problems associated with climate change, has finalized its business model. The fund is now able to accept financial aid from countries that are interested in tackling the problem of climate change. The money that the fun collects will be used to create new opportunities in developing countries and these opportunities will involve renewable energy, energy efficiency, and emissions reduction in…

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Obama seeks funding to support renewable energy projects

Funding for federal agency expected to help promote the development of clean energy initiatives President Barack Obama has requested funding for the Bureau of Land Management for the 2015 fiscal year. This would allow the agency to better manage the land that is under its jurisdiction while also making it easier for this land to be made available for renewable energy projects. The funding is meant to be an investment in clean energy while also addressing some issues concerning the logistics associated with clean energy projects and wildlife preservation. President…

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DOE offers more funding for geothermal energy research

Agency aims to bring more value to geothermal power through research and development initiative The U.S. Department of Energy has begun showing more interest in geothermal energy and its capabilities to extract rare earth elements. Geothermal systems derive their energy from deep within the earth. These systems typically produce what is known as “geothermal brine,” which is a liquid solution that circulates through crustal rocks and becomes enriched with minerals and other substances. The Department of Energy believes that geothermal power could be an economic way to extract rare earth…

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Military leads in renewable energy financing

Clean energy finds a strong advocate in the US military The U.S. military is making major strides in its pursuit of renewable energy. The Department of Defense has very ambitious plans when it comes to using clean power and abandoning fossil-fuels. The agency believes that energy is a matter of national security and that climate change represents a major threat. As such, it has tasked the various branches of the military to increase their adoption of renewable power. This means that the military has been spending more money on clean…

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UK revises approach on renewable energy

Energy funding up for changes in the UK Renewable energy has become a top priority for the United Kingdom government. The country is working to move away from fossil-fuels for economic and environmental purposes, but its progress toward this endeavor has been relatively slow in recent years. As in other countries, the development of clean energy projects is subsidized by the government. Financial support has been growing weaker, but that may be because the UK government has been working on a plan to revise its approach to funding clean power.…

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Solar energy shows signs of promise in new report

Report highlights investments coming into the solar energy field The Mercom Capital Group, a market intelligence firm, has released a new report concerning venture capital in the solar energy sector. The report suggests that the funding that solar energy has been receiving from private investors has been on the rise over the past year. In the third quarter of 2013, the report shows that some $207 million in venture capital came into the solar energy sector, an increase of over $18 million from the previous quarter. Investors growing more confident…

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New wind energy project taps into crowdfunding

Wind energy company turns to the crowd to fund new project Crowdfunding has proven itself to be a powerful tool for various creative pursuits, but it may also be valuable to the world of renewable energy. Tapping into the financial power of the general population has turned many dreams into a reality over the years. People around the world have shown that they are willing to invest in projects they are interested in, even if their investment is only enough to cover the fraction of the cost of an actual…

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G20 countries take a step toward renewable energy and sustainability

Renewable energy may win out with agreement to cut fossil-fuel subsidies In early September, G20 leaders met in Russia for the 2013 Leaders’ Summit. During the event, heads of state from around the world come together to discuss global issues, such as the dismantling of nuclear weaponry and other subjects that could have global implications. Typically, political leaders are divided on the issues that are discussed at the gathering and little progress toward resolving global problems is made. This year, however, all G20 leaders have agreed to begin phasing out…

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Geothermal energy may benefit from crowdfunding

Canadian Geothermal Energy Association turns to crowdfunding Canada has become a relatively strong advocate for renewable energy in recent years, but the country is the only one along the Pacific Ring of Fire, a notoriously geologically active region of the world, that does not have a single operational geothermal energy facility within its borders. The country is home to the Canadian Geothermal Energy Association, which accounts for approximately 20% of the world’s combined geothermal energy systems. The organization has often noted that its home country does not have any domestic…

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Ocean could hold a bounty of renewable energy for the US

US takes aim at ocean-based renewable energy As the U.S. continues to show support for renewable energy, the Department of Energy is looking for innovative ways to generate clean power. The federal agency has begun taking note of the promising energy potential that can be found in the ocean. The U.S. has been showing interest in sea-based renewable energy systems and the majority of this interest has been manifest in offshore wind farms. The Department of Energy believes that wind farms are only the tip of the iceberg, however. 1,400…

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USDA launches new program to support renewable energy adoption

USDA - Renewable Energy

Renewable energy gains more financial support in the US Renewable energy has been growing more popular in the U.S. recently, and the federal government has begun offering more financial support to encourage the adoption of clean power. Recently, the U.S. Department of Agriculture (USDA) unveiled the Rural Energy for America Program. The program is meant to provide financial aid in the form of grants. The grants will be issued by the USDA to renewable energy projects that are taking place in rural parts of the country. These grants may be…

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