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China is becoming a driving force in renewables investments across the world
China ranks first in the world in attracting renewable energy investment, receiving US$ 65.1 billion in 2012. However, a new analysis performed by the World Resources Institute (WRI) shows that China is increasingly becoming a global force in international clean energy investment.
read more... 12/06/2013
Spain to reduce subsidies to renewables
Spain government has recently announced it intends to reduce renewable subsidies by 10-20% by 21 June. The decision came following a meeting between representatives of Spanish and foreign banks and industry officials last month, when it was concluded that government subsidies increased the costs for the functioning of the nation's electrical system, and the costs of running the renewable systems have been higher than the amount of money generated by actual sales of power to households and businesses.
read more... 11/06/2013
EU could miss its renewables targets following the anti-dumping probe
The EU has announced that it intends to impose anti-dumping tariffs on imports of Chinese solar panels as of Thursday. The EU trade commissioner said that levies will start at nearly 12%, and could rise to nearly 48% in two months if they fail to find a solution by that time.
read more... 07/06/2013
Britain’s hopes of a green future in electricity supply vanished
An attempt to include a goal to decarbonise the electricity production in the UK by 2030 was narrowly defeated in the House of Commons on Tuesday, to the dismay of green activists and businesses that had supported the objective as a way to stimulate investments in renewables and low carbon energy.
read more... 06/06/2013
Sweden prefers renewables to nuclear
Recently Sweden's energy minister, Anna-Karin Hatt, has announced that the government will not subsidize new nuclear power plants, favoring renewable investments. Electricity production in Sweden is dominated by nuclear power and renewables, which currently make about equal contributions to energy production- about 40%.
read more... 30/05/2013