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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Global energy companies believe in renewable energy

Renewable energy may hit a new high by 2050 DNV GL, an international risk management company, has concluded its latest research initiative, during with a large number of energy organizations participated and offered information concerning the world’s renewable energy potential. The research from DNV GL found that the majority of global energy companies believe that 70% of the world’s electrical power will be generated from renewable sources by 2050. Renewable energy systems are gaining significant support from the world’s governments as these organizations seek to become more environmentally friendly. Growth…

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Renewable Energy and Financing

When it comes to renewable energy, it is common knowledge that government funding is the lifeblood of large-scale projects. In the coming years, small-scale projects may account for the majority of growth seen in the clean power field, however. While governments support small-scale projects in a variety of ways, the private sector is where these projects tend to thrive. As such, it is up to the consumer to make these projects successful. If small-scale projects see no adoption among consumers, government support could be moot. Many people are interested in…

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Tax changes in Finland could support renewable energy sector

Finnish government has plans to change current tax law, which may be a major benefit for small-scale energy projects Potential changes to Finland’s tax regime may have a significant impact on the small-scale renewable energy space. Small-scale projects have become quite popular in the country, where homeowners and small businesses are showing interest in using solar energy as an alternative to fossil-fuels. Energy companies currently pay a tax based on the total installed energy capacity they have in place. Current tax law requires these companies to pay a flat tax…

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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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Renewable energy may cause a revenue drop in the fossil-fuel industry

Report predicts that fossil-fuel industry will see a drop in revenue in the coming years As renewable energy gains more ground, the global fossil-fuel industry is losing money. A new report from Kepler Chevreux, a European broking house, predicts that revenues within the fossil-fuel industry will plummet over the next 20 years. The report indicates that old companies specializing in traditional forms of energy have been seeing an increasing amount of revenue disruption due to the success of clean energy. The issue is becoming so serious that many of these…

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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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Google sets sights on renewable energy

Google continues to grow its support for clean power and technology Google has been growing more aggressive with its support of renewable energy over the past two years. Currently, one-third of the company’s operations receive power from renewable sources. Google is keen to increase its use of clean power significantly over the coming years and in order to accomplish this goal, the company has begun investing more heavily in renewable power. Google notes that clean energy could be environmentally beneficial while also reducing the company’s energy costs in the future….

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IRENA announces funding for renewable energy projects

Funding for new energy projects coming from IRENA and the Abu Dhabi Fund for Development The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development have teamed to invest some $41 million in funding for six renewable energy projects that will take root in developing countries. Developed countries, like the U.S. and the United Kingdom, are considered very attractive markets when it comes to clean power. Smaller, less developed countries, however, are issuing more aggressive support for clean energy than their larger counterparts. This is creating an…

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Renewable energy surcharge in Germany could be increased

German renewable energy continues to see strong growth Renewable energy has been making strong progress in Germany in recent years. The country launched an aggressive feed-in tariff some years ago to promote the adoption of solar energy. This initiative made Germany the leading power in the solar sector and help boost the awareness of renewable energy in general throughout the country. Germany is currently undergoing something of an energy revolution, often referred to as the Energiewende. The country is moving away from fossil-fuels and, to some degree, nuclear power, hoping…

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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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EPA aims to turn contaminated land into renewable energy projects

Contaminated land could be ideal for renewable energy projects The U.S. Environmental Protection Agency is currently examining contaminated sites throughout the U.S. to determine whether or not they could be viable homes for renewable energy projects. These contaminated sites are often former landfills that are no longer suitable for supporting life. These sites are typically devoid of trees and other large plant life and animals and people are prohibited from settling in these areas due to the major health hazards that exist therein. While contaminated sites may not be suitable…

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University of Maine reveals new hybrid renewable energy system

University of Maine shares funding with others interested in developing hybrid renewable energy system The University of Maine recently received federal funding to help support the development of a hybrid renewable energy system. The university has decided to share these funds with the Maine Maritime Academy and two other organizations. Together, these organizations will work to develop a system that can harness the electrical power from ocean and offshore wind currents. The venture is meant to showcase the viability of hybrid renewable energy systems and how they can be used…

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Renewable energy shows strong growth around the world

Renewable Energy Investment

Solar and wind are the fastest growing forms of renewable energy The Worldwatch Institute, an environmental analysis organization, has released the latest results of its Vital Signs Online report. The report tracks the various environmental trends that emerge around the world and also offers insight into the field of renewable energy. This year, the report shows that solar and wind energy have seen strong growth throughout the world in 2012. Globally, the growth that solar and wind energy have seen over the past year has outpaced the growth of other forms of…

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China continues pumping money into renewable energy

China pours money into renewable energy

Renewable energy continues receiving financial support from China China has been working to establish itself as a leader in renewable energy for some time. The country has a strong desire to break away from traditional forms of power in order to take advantage of the environmental and economic prospects of renewable energy. Over the past decade, the country has devoted a significant amount of money toward establishing a working renewable energy infrastructure. Much of this money has not remained within China, however, as it has been used to support renewable…

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Renewable energy projects find success in Scotland

Clean Transportation Success

Scotland on its way to achieving renewable energy goals Scotland has become a strong advocate for renewable energy, specifically that of the wind variety. Much of Scotland’s enthusiasm for wind energy is tied to the overarching interest that the United Kingdom holds in this form of clean power. Backed by the UK government, Scotland has been able to make strong progress toward its renewable energy goals and is well on track to reaching one of the most ambitious of these goals. 500 MW goal may be reached ahead of schedule…

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