An offshore North and Baltic Sea electricity grid could be in place within 10-15 years, but its development is being slowed by political and regulatory differences between countries bordering the North and Baltic Seas, according to a report published by the OffshoreGrid consortium. The European Commission-funded consortium – made up of eight organizations* – stated… Read more »
Australia’s largest energy retailer, AGL Energy Ltd (AGK.AX), revived plans to build a major wind farm on Monday, after the government vowed to increase investment security in the sector. AGL said the Macarthur wind farm, previously estimated to cost A$800 million ($716 million), will be constructed in a joint venture with New Zealand’s state-owned generator… Read more »
In the spirit of friendly competition for a good cause, the European Union reported that it will meet its goal of instituting 20 percent renewable energy by the year 2020. While some countries like Denmark, Bulgaria and Belgium will fall short of their production goals, other nations like Estonia have exceeded their targets considerably. A… Read more »
Pune-based energy and environment solutions’ provider Thermax is gearing up to tap incentives offered in the Union Budget for renewable energy, water and wastewater treatment. The company is planning a strong foray into solar, biomass and geothermal sources of energy, said M S Unnikrishnan, managing director and chief executive. He said the company had initiated… Read more »
India proposed on Friday a small tax on production of coal to raise millions of dollars for a National Clean Energy Fund that could help the world’s fourth biggest polluter to shift to a low-carbon economy. India’s growing economy has huge potential to shift to a low-carbon future, given that about 500 million Indians, or… Read more »