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Shanghai invests in clean energy

According to the city government, a total investment of CNY18 billion (or €2.2 billion) may be required by 2015 to increase Shanghai’s capacity of clean energy, mainly wind power. The expenses will play a crucial role in Shanghai’s target of having 1% of its primary use from non-fossil fuels that are locally developed and creating a local new energy industry. The target excludes solar heating.

read more... 17/01/2012

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Investments into renewables to reach 260 billion dollars

According to Bloomberg New Energy Finance, renewable energy investments increased 5 percent to a record 260 billion dollars in 2011. Supportive governmental programs in U.S. sustained investments into solar power which rose by a third to 55.9 billion dollars, beating China with 47.4 billion dollars investments.

read more... 13/01/2012

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LDK secures 64 million dollars from China Development Bank

LDK has secured 64 million dollars from China Development Bank for the development of PV projects in New Jersey and California. LDK Solar is 70 percent owned by SPI Solar.

read more... 10/01/2012

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Sun Power completes four solar power systems in US

SunPower completed four-high efficiency solar power systems with the total capacity of 3.8 MW, at public water agencies and water treatment facilities in the United States, California.

read more... 06/01/2012

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Activ Solar completed the largest European Solar Park

Activ Solar GmbH completed recently the Europe’s biggest solar park obtaining financing from two Russian banks, VTB Bank OJS (VTBR) and Sberbank of Russia (SBER). According to the Activ Chief Executive Officer Kaveh Ertefai, the project of this size typically costs around 300 million euros.

read more... 05/01/2012

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