RSS Energy news

According to SolarCity, the new fund is the largest ever created for residential solar power.

Google, Solar City reportedly team up to create $750 million in residential solar projects

Google Inc made a commitment to invest $300 million that would finance residential solar projects. SolarCity Corp on Thursday announced in a company blog post that it has created a fund expected to finance $750 million in residential solar projects with Google Inc investing around $300 million. SolarCity is headed by CEO Lyndon Rive, cousin to Tesla Motors’ [...]

Apple to invest €1.7 billion in two green data centers in Europe

Apple to invest €1.7 billion in two green data centers in Europe

US tech giant Apple announced a €1.7 billion plan to establish and operate two data centres, powered entirely by renewable energy. The facilities will be located at County Galway of Ireland and another one at Central Jutland in Denmark. The US based consumer technology group said the centers are particularly meant for supplying power for [...]

Riverside County is now home to the world's largest solar power plant

World’s largest solar plant opens outside desert center in Riverside County

Riverside County is now home to the world’s largest solar power plant, as California moves to expand its use of green power to meet the state’s renewable energy requirements. U.S. Interior Secretary Sally Jewell joined state officials on Monday to open the 550-megawatt Desert Sunlight solar project, which produces enough electricity to power 160,000 average [...]

Amazon plans a 150 megawatt wind farm to power its data centers

Amazon plans a 150 megawatt wind farm to power its data centers

Amazon Web Services (AWS) has announced a Power Purchase Agreement with Pattern Energy Group to construct and operate a 150 megawatt wind farm in Benton County, Indiana. The farm that will be known as Amazon Web Services Wind Farm (Fowler Ridge) is said to generate electricity for its cloud data centers. “Amazon Web Services Wind [...]

Crude oil pipes at SPR Bryan Mound site near Freeport, TX

Schlumberger to cut 9,000 jobs due to crude oil collapse

World’s No.1 oilfield services provider, Schlumberger Ltd said it will cut 9,000 jobs because the collapse in oil prices have forced petroleum companies to cut drilling budgets. “In response to lower commodity pricing and anticipated lower exploration and production spending in 2015, Schlumberger decided to reduce its overall headcount to better align with anticipated activity [...]

The measures taken are clear signs that the administration is willing to let more of the booming U.S. shale oil production

US lifts 40-year ban on oil exports, agrees to light oil exports

For the first time in 40 years, the U.S. government has officially allowed the shipment of as much as a million barrels per day of ultra-light crude, also known as condensate essentially clearing the way for crude exports to a global market. According to the guidelines published by the Bureau of Industry and Security (BIS), [...]

Oil and Gas

Gas prices dip again, lowest since 2009

As gas prices in many places in the middle of the U.S. are below the national average, drivers all across the bi-state will get some much needed relief this week as they hit the road for the holidays. According to Lundberg Survey Inc released Sunday, the average price of regular grade gasoline at U.S. pumps [...]

Oselvar Module

New York plans to prohibit fracking, citing health and environmental concerns

On Wednesday, New York’s health and environmental commissioners moved forward with an effort to ban fracking across the state citing unresolved health issues, grave environmental concerns and uncertainties surrounding the controversial natural gas drilling practice. New York, which overlies part of the Marcellus shale, one of the largest natural gas deposits in the United States [...]

Altamont Pass Wind Farm

Florida’s NextEra Energy To Acquire Hawaiian Electric Industries In $4.3b Deal

NextEra Energy Inc., North America’s largest generator of wind and solar power is acquiring Hawaiian Electric Industries Inc. (HEI), in a deal that the company sees as a proving ground for its push into clean energy. Energy giant NextEra will pay $4.3bn for Hawaiian Electric Industries. As part of the deal, NextEra Energy will handle Hawaiian Electric’s [...]

E.ON

German power giant E.ON to split in two in major revamp

Germany’s largest utility firm, E.ON on Sunday announced it will split into two companies, with one focused on renewables and the new one on conventional energy in an effort to deal with the crisis that has grappled the European energy sector. The German utility said it would focus on renewables, regulated distribution networks and customer solutions, [...]

Solar Panel

Old Blu-ray discs can boost solar panel efficiency by 22 percent, study says

Blu-ray discs have become largely obsolete in the arena of digital downloads and streaming video. But they are now gearing up for a new and completely different return. It turns out that, the blue-bottomed discs are very good at enhancing the light-absorbing properties of solar panels. The tiny patterns etched into the bottom of the [...]

Solar Energy

Creating solar, wind power now is as cheap as other energy sources

It has been a long-held dream for the solar and wind industries in the United States to generate energy at a cost equal to conventional sources like coal and natural gas. That day seem to be dawning soon. Since the last five years, the cost of providing electricity from wind- and solar-power plants has plunged, [...]

Cloud Data Centre

Amazon pledges to long-term renewable energy on its cloud platform

Amazon has pledged to achieve 100 percent renewable energy usage vowing to run its data centers completely on renewable energy, after being criticised by Greenpeace for being stuck in a dirty energy past. Major tech companies are making an extensive environmental pledge to use renewable energy, considering the large number of data centers and machines [...]

First Wind

SunEdison and TerraForm turn to wind generation, will acquire First Wind for US$2.4 billion

Solar developer SunEdison and renewable energy operator TerraForm Power announced on Monday that they have signed a definitive agreement to acquire wind energy projects developer First Wind for $2.4 billion. With this deal, SunEdison would be world’s largest renewable energy development company. SunEdison said it was raising its 2015 project installation guidance from a range of [...]

Netherlands solar road, converts sunlight into electricity and is the world's first solar-panelled bike path

Netherlands Opens World’s First Solar-Powered Bike Path For Public Use

The world’s first road that converts sunlight into electricity is set to open in the Netherlands on Nov. 12. The solar-panelled bike path aptly called SolaRoad will stretch about 70-meters or 230 feet long (less than one mile) to connect two suburbs in Amsterdam, Krommenie and Wormerveer. The path will become the first in the [...]

Zheng Jianming

Hong Kong Property Investor Creates a $20 Billion Solar Investments Portfolio

A Hong Kong property investor has invested about $20 billion in Chinese solar manufacturing company in hopes of expanding his range of businesses in environmentally friendly technologies and may even seek Wall Street investment for the same. Zheng Jianming, chairman and founder of Asia Pacific Resources Development Investment Ltd., is considering a public listing for [...]

(Image: Statoil headquarters in Norway)

Statoil sells stake in Shah Deniz to Petronas for USD 2.25 billion

Norway’s biggest energy company, Statoil has sold its remaining 15.5 percent stake in the Shah Deniz field in Azerbaijan for $2.25 billion to Malaysia’s Petroliam Nasional Berhad (Petronas). The transaction incorporates sales of the interest in the Shah Deniz production-sharing agreement, the share in the South Caucasus Pipeline Co. as well as its holding organization, [...]

The Proverbial Glass Ceiling that Limits Stilettos in the Male Dominated Oil and Gas Industry

The Proverbial Glass Ceiling that Limits Stilettos in the Male Dominated Oil and Gas Industry

The oil and gas industry has been traditionally tinted as an exclusive “boys’ club”. Statistics show that as much as 72 percent of oil and gas professionals are males, leaving an unbridgeable gap to the existing gender imbalance that needs a rapid and pragmatic solution. In a recent survey by BP and Rigzone, it was [...]

The most photographed phone booth in London sits in front of Big Ben.

Solar Calling? London’s Iconic Red Phone Booths Go Green

Britain is just not yet ready to bid farewell to its beloved crimson telephone booths, it seems. Whether it is opening a small library, or opening elongated aquariums or even the world’s smallest pub, the UK has largely fallen into the habit of saving its darling icon by means of creative repurposing. The rescue efforts [...]