Swedish home furnishing giant Ikea’s U.S. subsidiary acquired a wind farm under construction in Illinois, as part of the company’s initiative towards running its stores completely on renewable energy. Terms of the deal weren’t disclosed. Hoopeston Wind, an under-construction 98-megawatt wind energy project in Vermillion County, Ill is the company’s largest, single renewable energy investment to [...]
In a statement released on Wednesday Cape Wind Associates announced it has secured more financial partners – French Bank Natixis and Netherlands based financial services Rabobank, to back the Cape Wind project in its efforts to build a 130-turbine wind farm in Nantucket Sound. The company proclaimed that, together with The Bank of Tokyo-Mitsubishi UFJ [...]
Turbine Tech innovation and operational improvements Played vital Role In U.S. Wind Power Growth, Cost decline
According to the American Wind Energy Association (AWEA), U.S. wind energy generation has surpassed the growth in new wind power capacity, all due to technological innovation and operational improvements. U.S. wind energy capacity grew from 25 GW to over 61 GW, a 140% growth rate over the past five years, yet electricity produced from these wind turbines [...]
According to the latest data from the Energy Information Administration (EIA) at the Department of Energy; wind power generated 4.13% of all the electricity in America and is the fifth largest electricity source in the country. It accounts for nearly 30 % of all new generating capacity for the last five years, which is sufficient [...]
A ground-breaking study published in the journal Nature Climate Change claims that, huge offshore wind turbines have the power to weaken hurricanes, wave heights and reduce storm surge. The study led by Stanford University engineer Mark Jacobson, who has been building a weather and pollution model for the last 24 years, says today’s wind turbines could significantly withstand [...]
American wind power is now a well accepted renewable energy source because of its smart state and federal policies that promotes economic benefits in all 50 states including California. The government’s federal tax policy has been instrumental in growing the energy concord that provides power to California and all over the United States. Be it [...]
Expectations concerning energy and science continue to build up as new discoveries and enterprises are unveiled during the first weeks of 2014. This year promises interesting energy and health solutions, which go from upgrades in wind powered renewable electricity to further understanding of what black matter is.
As the renewable electricity generation and electric cars is rising there is also a growing interest in energy storage technology. On Thursday the U.S. Department of Energy released a report on this emerging technology that points out big problems and potential panacea for encouraging energy storage technology development and installation. Lowering the price of energy storage systems and ensuring they are safe to use are among the big obstacles.
On the 23rd of May the Scottish government has given the go ahead to Edinburgh-based company Aquamarine Power to set up power generation plant in the form of “Wave Parks” which will generate electricity harnessing the inexhaustible tidal energy off the cost of the Western Isles.
If one thinks that renewable energy is the future, then s/he can be surprised with a new decision made by BP Plc. Surprising or not, BP Plc has informed that it wants to get rid of its US wind arm. The sale of the US wind farm assets will close a chapter in the BP’s history of involvement in renewable energy which is also named the fuel of the future. The company intends to fully focus on its oil and gas projects as they are most profitable.
The Obama administration wants the U.S. offshore wind industry to flourish. As it reposes hope in renewable sources of energy, it decided to award $28 million in grants to seven projects. Those projects are aimed at developing different kinds of power-generation technologies.
On the 28th of November, the Green Investment Bank (GIB) is due to be officially opened by the Business Secretary Vince Cable. The Green Investment Bank, which will be entirely dedicated to green projects, is funded with £3 billion of UK government’s money. The official launch of the new bank is to take place in Edinburgh. The Business Secretary Vince Cable is expected to announce two green projects which will be supported by the first green bank in the world.
The wind power sector is growing rapidly in many mid-western states. Clean Line Energy has taken advantage of this quickly expanding energy sector. The Kansas Corporation Commission has unanimously approved the renewable energy-focused transmission company, Clean Line Energy’s proposal to conduct business as a public utility. This has marked Clean Line’s step forward in the Grain Belt Express.
Having fast become recognized for the green consultancy they provide in conjunction with sustainable product development, SMIT has come out with a new solar energy system called Solar Ivy; leaf-like photovoltaic panels which use both the sun and the wind to generate electricity. Inspired by the ivy often seen on traditional mansions, Solar Ivy, developed [...]
A $140million wind energy project, set up by Boston-based First Wind, promises to generate 2 to 5% of the annual electricity consumed on Oahu, powering around 7,700 homes. Hawaii’s first commercial wind energy project, First Wind’s wind farm in Kahuku is a big step towards realizing the future of wind energy for this American state. [...]
Fuelling growth: Australia’s energy options Origin is the largest owner and developer of gas-fired power generation in Australia. Origin also produces renewable energy from wind farms. The total operating generation capacity of Origin’s power stations is currently 2,250 MW and this will be increased to 2,800 MW by the upcoming completion of the Mort Lake [...]