The recession that crippled the economy in 2008 saw a decline in the renewable energy market. A lack of confidence in the financial sector made it excessively difficult for renewable energy projects to secure financing. However, the renewable energy economy is bouncing back, showing a boom in mergers and acquisitions (M&A) activity in 2010.
Renewable Energy - John Shimkus
Qatar has been selected as the sight of the most coveted international sporting event in the world: the World Cup. In 2022, the tiny Middle Eastern country will play host to the world’s most elite athletes, but there’s just one problem… temperatures in the summer exceed 100 degrees Fahrenheit (38 Celsius).
Hawaii boasts the most installed solar kilowatts per person over any other U.S. state, and the opening today of SunPower’s solar farm on the island of Oahu is only furthering Hawaii’s bold renewable energy program.
China isn’t communist, it is a bastardized hybrid of socialism and capitalism gone rogue, and new regulations in China’s wind power industry only add to the argument.
It’s about time a company figured out a way to make use of the immense square-footage available on the surface of a skyscraper, let alone the fifth largest freestanding skyscraper in the world!
First Solar is first in solar photovoltaic sales and distribution worldwide (hence the name). The company is planning to build its newest production facility in Mesa, Arizona. The $300 million investment will use four manufacturing lines to produce more than 250 MW of advanced thin film photovoltaic solar modules per year.
The renewable energy market has certainly been booming since the earthquake in Japan diminished the world’s faith in nuclear energy. With various nuclear reactors failing in Japan, it has become apparent that nuclear plants may not be the safest route for energy production, especially if constructed in an earthquake-prone zone.
Since 2006, New Zealand’s energy sector has grappled with the legal and consent process of developing the country’s first tidal energy generation project. Tidal energy utilizes the movement of ocean currents to spin underwater offshore turbines, thus generating electricity.
In an effort to reduce its carbon footprint, PepsiCo has announced the creation of the world’s first 100 percent plant-based plastic PET bottle, sourced from renewable resources.
The nuclear power plant crisis unfolding in Japan following the massive earthquake last week has the world’s nuclear energy community scrambling, while the renewable energy sector reaps the benefits.