Energi Holdings, Delaware-based company, that offers specialized insurance and risk management solutions to power producing companies through its auxiliary company, Energi Insurance Services, declared that it has brought in an insurance program that insures the energy savings assured by the Energy Services Companies (ESCOs) for the new projects developed by them or for the up-gradation of the existing projects undertaken by them.
China Yangtze Power and EuroSibEnergo, a Russian-based electricity company, announced that they have inked a contract for establishing a joint venture for developing hydroelectric power plant facilities in Russia.
The Asian Development Bank (ADB) announced that it will extend $120 million in loans for setting up renewable energy plants in Papua New Guinea. The renewable energy plants will help the country to meet the gaps in electricity supply in the urban regions.
A number of companies are beginning to see renewable energy future in tidal energy. Most of the high tidal places across the world witness sudden rise of tides that are sometimes as high as 6 m. The tides submerge the nearby land and drain back only to come again during certain times of the day.
The Federal Energy Regulatory Commission has mooted several proposals that will bring in cheers to the solar, wind wave power or tidal power producers.
Environment Scrutiny Task Group announced that renewable energy is likely to be utilized to power the buildings of Gloucestershire County Council (GCC) in order to decrease carbon emissions and to save money.
Aboitiz Power, a leading power generation company in Philippines, and San Miguel, a company that has integrated functions in telecommunications, food, infrastructure, mining, and power and energy sectors, have shown interest in the government’s hydro power generating projects in border locations.
The US-based solar electricity company SunEdison has officially inaugurated Europe's largest single-site solar farm, producing enough clean-energy to power around 17,000 homes within nine months of acquiring permission from the Italian government.
The biggest star of all will illuminate the stages of the Sydney Theatre Company. An array of 1,906 solar panels on the roof of the Wharf on Sydney Harbour were switched on by the company's artistic director actress Cate Blanchett and her husband Andrew Upton this week.
In yet another attempt to harness solar power for sea travel, Swiss engineer Raphael Domjan has designed the world's largest solar powered boat.
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