2010 became a record breaking year with $243bn investment in Clean energy
A record of $243 billion in 2010 of global investment in clean energy was reached, a 30% increase on 2009 levels, according to research house Bloomberg New Energy Finance (BNEF). 2011 will have to be a very strong year to beat 2010. At this stage, the signs are encouraging," said Michael Liebreich, chief executive of London-based BNEF, citing the likelihood that costs will come down for solar panels and wind turbines, and the increasing availability of private sector debt and equity finance. "This is a spectacular result, beating previous record investment levels by a clear margin of more than $50 billion," he added. "We have been saying for some time that the world needs to reach a figure of $500 billion per annum investment in clean energy if we are to see carbon emissions peak by 2020. What we are seeing in these figures for the first time is that we are ...
Milestone: 10 Gigawatts of Solar Panels in 2010
Source: Greentechmedia As Solar Power International looms and we approach the milestone of 10 gigawatts of solar installed in 2010, Greentech Media asks a few solar luminaries to reflect on the event. This year we will cross the threshold of 10 gigawatts of photovoltaic solar installed globally in a single year -- a record-setting and once-inconceivable number. The analyst community sees the total number for 2010 in the 12 gigawatt to 15 gigawatt range. Expectations for next year are close to 20 gigawatts. Rewind to ten years ago: the total amount of photovoltaics installed in the year 2000 was 170 megawatts. Since then, the solar photovoltaic industry has grown at a 51 percent annual growth rate, and 170 megawatts is now the size of a healthy utility installation or a small solar factory. As Andrew Beebe mentions below, Suntech has a single building with a one-gigawatt capacity. Photovoltaic module pricing ...
Renewables are Growing Fast: What’s New?
Paris -- If you're looking for a comprehensive resource for renewable energy installation figures, look no further: The Renewables Global Status report has been released, and it provides a great snapshot of where and how renewables are being developed around the world. The report was released by the Renewable Energy Policy Network for the 21st Century, also known as REN21, and it provides an upbeat picture for renewables, despite the murky outlook for the global economy. The report was originally released in 2005. Since then, solar PV has grown by 60 percent annually, wind by 27 percent, solar hot water by 19 percent, according to the authors. In 2009, renewables made up more than half of investment in global power generation. And that's with depressed oil and gas prices, lenders being very choosy about projects and individual consumers facing their own financial problems. Total investment in the industry was about $150 billion ...
Ontario approves more than 500 renewable energy projects under new feed-in tariff
The first 510 large-scale projects have been given the go-ahead under a new feed-in tariff (FIT) programme launched in Ontario, Canada. Of the total projects, 95 per cent are solar with an additional 20 biogas, four hydropower, three onshore wind and one biomass system. The incentive means solar installation operators can receive up to CAN$0.71/kW ($0.69/kW) hour over 20 years for roof-mounted solar photovoltaic systems, with lower payments for ground-mounted projects. Proposals that received approval in the new scheme are to be built in 120 communities across Ontario by farmers, municipalities, local distribution companies, commercial businesses, the Ontario Power Authority said. The projects range from 10KW to 500KW and have a total generating capacity of 112MW, it said. The FIT programme has domestic content requirements to ensure a key of the technology used for renewable energy generation comes from Ontario. In addition, developers must meet a certain percentage of goods and labour from Ontario ...



