A study by engineering consultants Parson Brinckerhoff claims that Great Britain’s multibillion dollar offshore wind gambit will cost twice as much as nuclear power, Reuters reports.
The costs of nuclear generation will be 6-8 pence per kilowatt hour, including decommissioning and waste disposal, while wind will cost 15-21 pence per KWh, according to Reuters. Read More »
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 »
