World Bank Finances Solar In Nepal
The World Bank has approved a US$130 million credit facility to help address energy shortages in Nepal. Despite Nepal having no reserves of gas, coal or oil; it does have massive hydropower potential – but very little of this has been tapped. Renewables, including hydro, made up just 1.22% of Nepal’s energy mix in 2012. […]
SolarHug Bracelet – Wearable Solar Charger
SolarHug, designed by a 20 year old student, is a wearable solar power system with a couple of interesting additional features SolarHug is aluminum bracelet covered with flexible solar panel. The solar panel, described as “almost indestructible and flexible”, can provide a charge in low light conditions; including indoors. Energy is stored in a 2000 […]
SunEdison Secures USD $75 Million For Solar Projects
SunEdison, Inc. (NYSE: SUNE), has announced an agreement with JPM Capital Corporation; which will invest up to $75 million in a $175 million solar energy development fund. Using the financing, SunEdison’s yieldco, TerraForm Power, Inc (Nasdaq: TERP) will purchase up to 60 megawatts of solar power projects that SunEdison will develop and construct in 2014 […]
CCA Renewable Energy Target Review Report Released
A completed review by Australia’s Climate Change Authority (CCA) advises against any significant scaling back of the 2020 Large-scale Renewable Energy Target of 41,000 GWh. “The Authority finds that, while the RET arrangements are not perfect, they are effective in reducing emissions at reasonable cost in the centrally important electricity sector, and are the only […]
Sydney To Hobart Yacht Race’s Solar Waypoint
Competitors in the upcoming Sydney to Hobart yacht race will be sailing past an important part of Australia’s nautical – and solar – history. When the competitors reach Tasmania, they’ll come within sight of the Iron Pot Lighthouse in Storm Bay, south of Hobart. The lighthouse is just 11.2 nautical miles to the race finish […]
Macfarlane : RET Impasse Could Boost Electricity Prices
Industry Minister Ian Macfarlane has warned of increased power prices unless a deal can be struck on the future of Australia’s Renewable Energy Target. According to The Australian, the Minister has declared the RET “broken” and appears to have laid the blame on Labor and the Clean Energy Council. However, it could be quite successfully […]
Byron Bay’s Brookfarm Bakehouse Goes Solar
Award winning food manufacturer Brookfarm has unveiled the largest rooftop solar panel installation in New South Wales’ Northern Rivers region. 288 solar panels on Brookfarm’s bakehouse will provide the company an estimated 40% annual energy saving, with a payback time of just four years. The system has produced around 500 kilowatt hours a day on […]
Labor Seeks Compromise On Renewable Energy Target
The stalemate over Australia’s Renewable Energy Target seems to have gone on forever – and for those who have already lost their jobs or are about to; it’s definitely been far too long. Labor is again seeking a compromise with the Government on the RET with view to gaining some sort of stability for the […]
IFC Funds Latin America’s Largest Wind Farm
The International Finance Corporation has announced it will contribute $300 million to fund the final stages of Panama’s Penonome wind power plant, Central America’s largest wind farm, a year after the project was launched in Rio de Janeiro by former US president Bill Clinton. At 215 MW, the Penonome plant will consist of 86 turbines […]
Europe’s Largest Battery Storage Facility Opened
Early this week, S&C Electric Company officially opened its 6MW/10MWh Smarter Network Storage (SNS) project. S&C Electric Europe, Samsung SDI and Younicos collaborated on the project, which has been installed at a United Kingdom Power Networks substation. “Energy storage can play a major role in balancing the grid as it solves the problem of renewable […]
