Opportunity abounds, even in this difficult credit environment. That’s at least what clean energy-focused investment fund US Renewables Group (USRG) thinks. Today the firm launched Westerly Wind, a new venture that will provide financing to wind developers that are having a hard time raising capital. Read More »
Yingli Green Energy posted net revenues of $371 million USD, an increase of 43.7 percent over the same period in 2008, with a a 29.6 percent gross margin in the fourth quarter of 2009, coming in at the top end of the company’s guidance, according to a news release.
The company recorded a net loss of $6.6 million, a loss of 4 cents per American depositary share, for the quarter and a loss of $67.3 million, or 48 cents per share, for all of 2009. Read More »
Last week Senator Chuck Schumer (D-NY) — and three other Senator — urged the Obama administration to cut stimulus funding for renewable energy projects that offshore their manufacturing. Read More »
It’s got to be cap-and-trade, anything else won’t work. That’s, in essence, what John Rowe, CEO of Chicago-based power company Exelon, told attendees of the MIT Energy Conference on Saturday in Boston.
In a side interview with GER following his prepared remarks, Rowe said that he did not believe alternative proposals, including cap-and-dividend could work. He said that initiative, also dubbed “cap-and-trade light” would only be a halfway house to an eventual cap-and-trade system. Read More »
Exelon's Rowe: cap and dividend is a no-go
Exelon Corp. Chief Executive John Rowe on Saturday slammed an alternative to cap-and-trade now being considered by Congress and said the EPA’s plan to regulate carbon emissions is a nonstarter.
Rowe, who runs one of the country’s largest utilities, said the so-called cap and dividend plan would “not work” and would act as “a halfway house to a full cap-and-trade system.” Read More »
