Now viewing all posts tagged clean energy

Treasury Cash Grants Could Reach Developers in the Fall

The Treasury Department has released details on its much awaited clean energy financing program — (scroll down to see a copy of the application). The funding is part of the $740 billion green-focused stimulus package signed into law by President Obama earlier this year. The clean tech sector has been counting on these government funds…

Read on »

NRG inks (its second this month) long-term PPA for output of large, California solar project

Pacific Gas and Electric (PG&E) , pressed by a California mandate requiring that utilities produce 20 percent of their electric output from renewable resources by 2010, has secured another 92 megawatts of solar power, signing a 20-year� power purchase agreement for the output of NRG Energy‘s Alpine SunTower project. Alpine SunTower, located in Lancaster Calif.,…

Read on »

European utilities looking to snatch cleantech assets on the cheap

Pummeled by the credit freeze, clean energy developers in Europe will have to sell assets to raise cash. That’s what Dirk Guesewell, managing director of German utility Energie Baden-Wuerttemberg’s renewable energy unit, told Bloomberg News: “Investors are coming together to force sales.” He predicts buyers are likely to be large utilities with big enough balance…

Read on »

Electricity system at mid-century: A lot more renewables and a lot of nuclear and coal

By 2050 empowering the U.S. electricity system will be a lot more renewable energy but also coal and nuclear, which together will supply two-thirds of the energy, according to a new study from the Electric Power Research Institute. The coal-fired power plants, which today generate more than half of the country’s electricity, will by 2050…

Read on »

Google launches $100M venture fund; Clean energy to be a major focus

Google is launching a venture fund that will over the next 12 months seek to invest as much as $100 million, the company announced on Monday in a blog post. The outfit, called Google Ventures will be managed by David Drummond, who will continue in his role as senior vice president of corporate developing and…

Read on »