energy
Netherlands renewables shortfall presents €24bn opportunity – Rabobank
The Netherlands will need to direct an additional €24 billion ($30 billion) towards the development of renewable energy in order to meet its 2020 renewable energy target, according to a report by Rabobank. Renewable energy accounted for 4% of Dutch energy output in 2011, and Rabobank estimates that at current rates of investments, it will […]
Big increase in Scottish renewables output
Scotland’s renewable energy output increased by 45% in the first quarter of this year, compared with the same period last year. UK government figures showed Scotland generated 4,590 gigawatt hours (GWh) of renewable energy in the first three months of 2012. This was an increase of 1,435 Gwh on the first quarter of 2011. Scotland […]
Greenpeace report rebukes finance sector for ignoring nuclear risks
Investors in nuclear power are being sold precarious and potentially damaging investments because the industry’s risks are regularly being overlooked or underestimated, a new report from Greenpeace has found. Compiled with the help of BankTrack, the environmental organisation’s Toxic Assets report highlights the fact that vast sums of money have already been lost and investors […]
Shale gas boom threatens European renewables investments – MGT
Investments in renewable energy could be put on hold while European governments develop clear policies on shale gas, according to a biomass energy expert. The prospect of increasing production of cheap shale gas in Europe has impacted investors’ forward planning, Chris Moore, CEO of MGT Power, a UK-based large-scale biomass developer, told a forest industry […]
“Nuclear Banks, No Thanks!” coalition welcomes cancellation Belene nuclear plant
Cancellation Bulgarian nuclear power plant sends clear signal to banks that nuclear industry is a dying business; the future is in renewables Yesterday, the Bulgarian government officially announced the cancellation of the Belene nuclear power project. BankTrack and other members of the “Nuclear Banks, No Thanks!” coalition applauds this decision after years of uncertainty around […]
Clean energy investors should look to Brazil, Nicaragua, Panama
Brazil, Nicaragua and Panama have been ranked the most attractive countries for clean energy investments in Latin America and the Caribbean by Bloomberg New Energy Finance (BNEF) and the Multilateral Investment Fund. The partnership has developed Climatescope – a review of the environment for low-carbon in the region, ranking 26 countries on their climate policies, […]
Dong raises wind investment to $1.9bn
Denmark’s Dong Energy increased its investment in wind farms by 70% in 2011, compared with the previous year, putting the firm well on track to meet its carbon dioxide (CO2) reduction goals. The energy utility spent DKK10.9 billion ($1.92 billion) on expanding its wind activities last year, which include the offshore wind farms at Walney, […]
EBRD invests a record €2.6bn in sustainable energy in 2011
The European Bank for Reconstruction and Development (EBRD) invested €2.6 billion ($3.43 billion) in sustainable energy projects in 2011. Last year’s investments under the bank’s Sustainable Energy Initiative were up more than a fifth from the €2.1 billion invested by the EBRD in these types of projects throughout central Europe and central Asia in 2010. […]
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