BrightSource raises $150 million in equity financing - Photovoltaics International
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Friday, May 21, 2010
BLOOMBERG REPORT SHOWS GLOBAL CLEAN ENERGY INVESTMENT HIT OVER $27 BILLION IN FIRST QUARTER OF 2010
BLOOMBERG REPORT SHOWS GLOBAL CLEAN ENERGY INVESTMENT HIT OVER $27 BILLION IN FIRST QUARTER OF 2010
BY HARRY TOURNEMILLE ON MAY 21, 2010
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An April report from Bloomberg New Energy Finance shows global new investments in clean energy hit US$27.3 billion in the first quarter of 2010.
The EERE press release on Bloomberg's findings notes that in spite of world-wide economic turbulence, new investments in clean energy continue to improve -- and in impressive fashion.
$27.3 billion is a sharp increase from $20.8bn in the same period of last year, though down from $31.6bn in the 4th quarter of 2009.
And this quarter's big investor is also the one which prevented 2009's global investments in clean energy from slipping further than expected: China and its whopping $6.5 billion in investments took its requisite lead.
The U.S. also saw marginal increases in their investments, rising from $2.4 to $3.5 billion. Global investment in wind farms worldwide was $14.1bn--hands down the biggest for any renewable energy sector.
In comparison, Europe showed a slowdown in new clean energy investments, down to $4 billion from 2009's 4th quarter of $6 billion and 2009's 1st quarter of $7.6 billion.
Michael Liebreich, CEO of Bloomberg New Energy Finance, comments that 2010's 1st quarter, “was not helped by the cold snap in the Northern Hemisphere, the traditional sluggish start to the year for stock market equity raising, and the time it is still taking to put together ‘clubs’ of banks for debt finance."
However, he also notes that in spite of uncertainty in variables like future feed-in tariffs in Germany and weak electricity prices, 2010's results so far are indicative of good things to come.
“We stick to our forecast that 2010 will see record overall new investment in clean energy. We expect the year’s total to end up between $175bn and $200bn, compared to last year’s $162bn," Liebreich says.
Learn more about Cleantech Investment on eBoom's Finance Learning Page.
Thursday, May 20, 2010
Wednesday, May 19, 2010
Anheuser-Busch Installs Solar Atop New Jersey BreweryPosted by GetSolar Staff in Tuesday, May 18th 2010 under: Commercial Solar, Solar PV Tags: N
Anheuser-Busch Installs Solar Atop New Jersey Brewery
Posted by GetSolar Staff in Tuesday, May 18th 2010 under: Commercial Solar, Solar PV Tags: New Jersey Solar, Solar Interest Stories
A leading brewer in the United States is playing a significant role in promoting one of the nation’s fastest growing industries.
Anheuser-Busch, which has twelve breweries throughout the United States and serves up almost half of U.S. beer sales to retailers, yesterday announced the installation of a 300-panel solar energy system atop the company’s brewing facility in Newark, New Jersey. The solar energy system, which was designed and installed by Orion Energy Systems.
Anheuser-Busch is one of many brewers that have turned to solar energy to partially power their facilities. In January, the Fort Collins-based Belgium Brewing Co. installed the largest privately owned, on-site solar energy system in Colorado.
The Anheuser-Busch New Jersey commercial solar installation is expected to account for about five percent of the brewery’s electricity needs, producing 525,000 kilowatt hours annually.
Kristopher Scholl, the General Manager of Anheuser-Busch’s Newark Brewery, had the following to say about the facility’s solar installation:
“Our dream is to be the ‘Best Beer Company in a Better World,’ which comes to life through our environmental efforts, promotion of responsible drinking and investments in our communities. Whether it’s a new solar panel array or our employees’ passionate support of World Environment Day in June, we are committed to making a difference and improving the world around us.”
The New Jersey solar installation is not the company’s first. In April of 2009, Anheuser’s Budweiser brewery in Fairfield, California was equipped with six acres of solar photovoltaic (PV) panels that now account for three percent of the facility’s electricity needs.
Posted by GetSolar Staff in Tuesday, May 18th 2010 under: Commercial Solar, Solar PV Tags: New Jersey Solar, Solar Interest Stories
A leading brewer in the United States is playing a significant role in promoting one of the nation’s fastest growing industries.
Anheuser-Busch, which has twelve breweries throughout the United States and serves up almost half of U.S. beer sales to retailers, yesterday announced the installation of a 300-panel solar energy system atop the company’s brewing facility in Newark, New Jersey. The solar energy system, which was designed and installed by Orion Energy Systems.
Anheuser-Busch is one of many brewers that have turned to solar energy to partially power their facilities. In January, the Fort Collins-based Belgium Brewing Co. installed the largest privately owned, on-site solar energy system in Colorado.
The Anheuser-Busch New Jersey commercial solar installation is expected to account for about five percent of the brewery’s electricity needs, producing 525,000 kilowatt hours annually.
Kristopher Scholl, the General Manager of Anheuser-Busch’s Newark Brewery, had the following to say about the facility’s solar installation:
“Our dream is to be the ‘Best Beer Company in a Better World,’ which comes to life through our environmental efforts, promotion of responsible drinking and investments in our communities. Whether it’s a new solar panel array or our employees’ passionate support of World Environment Day in June, we are committed to making a difference and improving the world around us.”
The New Jersey solar installation is not the company’s first. In April of 2009, Anheuser’s Budweiser brewery in Fairfield, California was equipped with six acres of solar photovoltaic (PV) panels that now account for three percent of the facility’s electricity needs.
Tuesday, May 18, 2010
Over time the electrical grid will transform into a more distributed configuration, incorporating many new energy resources, including solar. Already, the solar energy industry has matured to the point where utilities are integrating multi-megawatt photovoltaic projects on a regular basis. If the growth in PV installations continues at its current rate, 5 percent to 10 percent penetration nationwide could be achieved in less than a decade with higher levels in some localities. The challenge of controlling and delivering solar energy to a commercial power grid in a coordinated way over a broad spectrum of grid conditions is critical to this endeavor’s success. System reliability, integration with existing systems and control infrastructure and installation economics pose key technical issues to be overcome.
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