March 2, 2012
By Ucilia Wang of RenewableEnergyWorld.com: Given the low interest rates and plummeting prices for solar energy equipment, it would seem a good time for investing in solar power generation. GE Energy Financial Services, for one, has been pursuing solar deals actively and on Wednesday it announced a $100 million equity investment in a solar power plant in Arizona.
The investment helps close the financing of the $550 million, 127-megawatt project being developed by LS Power, which also lined up debt financing from Prudential Capital Group, Banco Santander and others, GE said. LS Power has hired Fluor Corp. as a general contractor and operator of the project, which is set for completion in 2013 and will supply power to San Diego Gas & Electric under a long-term agreement. The project, called Arlington Valley Solar II, will rise about 40 miles west of Phoenix.
GE not only announced the deal in the Arlington Valley project, it also took the opportunity to tout its investments in solar over the past year. It called 2011 a record year and said it put up $1.4 billion in 48 – or 1 gigawatt’s worth – of solar power projects worldwide, including those in Canada, Australia, Portugal, Spain and Italy.
Solar power plant investments have taken off in the United States over the past three years as developers successfully secured permits and the federal and state governments provided policy and financial support to meet their clean energy and job creation goals. Read more
March 2, 2012
By Leslie Guevarra of GreenBiz.com: Savvy investments in energy efficiency retrofits for buildings could yield more than three times their value, mounting to about $1 trillion in energy savings in a decade, says new research from Deutsche Bank and The Rockefeller Foundation.
The study released today said that yield would be just one of the returns if $279 billion were spent for retrofits of residential, commercial and institutional buildings in the United States.
In addition to saving about 30 percent of the United States’ entire energy spend during the course of a year, completion of the energy efficiency retrofits could reduce greenhouse gas emissions in the country by 10 percent and create 3.3 million job years — which means the projects could create an estimated 3.3 million cumulative years of employment — the study said.
Researchers in the building and sustainability fields have been touting the robust returns and benefits produced by energy efficiency retrofits for several years. In 2010, a study forecast that such projects could result in savings of as much as $41 billion a year in the U.S. And market leaders in business and real estate have made a point of spotlighting their successes, one of the most prominent being the Empire State Building retrofit. The New York City icon also serves as an example of green leasing program, a further strategy to achieve energy efficiency in commercial property. Read more
December 5, 2011
Washington, D.C. – The U.S. Department of Energy (DOE) and the Denali Commission (an independent federal agency that provides infrastructure and economic support throughout Alaska), launched the Alaska Strategic Technical Assistance Response Team (START) Program today. The START Program is aimed at providing federally recognized Alaska Native governments with technical assistance to accelerate clean energy project deployment. This effort furthers the Administration and Department’s commitment to provide Tribes with the tools and resources they need to foster tribal energy self-sufficiency and sustainability. The main objective is to advance economic competitiveness and create jobs.
“By leveraging our technical resources and expertise we will help Tribal communities, entrepreneurs and small businesses in Alaska create jobs, reduce our reliance on fossil fuels and build a sustainable energy future,” said Secretary Chu. “Working together, we can strengthen the energy security and economic competitiveness of Tribal homes and businesses.”
Through Alaska START, Department of Energy and Denali Commission experts will work directly with community-based project teams. Together these groups will evaluate financial and technical feasibility and provide early development of technical assistance. Therefore the projects are better positioned on financing and construction for the unique energy challenges and opportunities in Alaska. This initiative complements the Department of Energy Office of Indian Energy’s efforts to make reliable and technical information and training available to Tribal communities throughout the United States.
The START initiative will further serve to help Native American and Alaska Native communities increase local generation capacity. In addition, enhance energy efficiency and conservation measures and create entrepreneurial and job opportunities in the new clean energy economy. Awards through this initiative will be provided through two programs:
1. Alaska START Program: Leveraging the combined technical expertise and resources of DOE and the Denali Commission <http://denali.gov/>. This program will help selected Alaska Native communities conduct community-based planning and training and implement a variety of clean energy projects such as energy storage infrastructure, renewable energy deployment and housing energy efficiency.
2. START Program: U.S. Tribes selected for this parallel national program will be paired with DOE experts who have clean energy deployment experience relevant to the selected Tribe’s project development stage and technology.
For more information and application requirements for these technical assistance programs, please visit the DOE Office of Indian Energy website HERE <http://energy.gov/indianenergy/resources/start-program>. Applications are due by January 15, 2012.
DOE’s Office of Indian Energy <http://energy.gov/indianenergy/office-indian-energy-policy-and-programs> coordinates energy education and programs that assist Tribes with energy development of Indian lands and homes.
November 2, 2011
In an op-ed in the Orange County Register published Monday, Romney regurgitates GOP talking points on loan guarantees to Solyndra and Fisker Automotive, two stories that have turned leading conservative politicians and media pundits into a pack of scandalmongers — even while many of those politicians supported the same government investments for companies in their own districts.
Romney has officially joined the herd, calling green jobs “illusory.”
First, the good news: President Barack Obama has finally created some “green jobs.” Now for the bad news: They are not in the United States, but in Finland.
The creation of environmental
October 23, 2009
New York City has a plan to create 13,000 jobs over the next ten years, in part by retraining laid-off workers from the finance industry to build the city’s future in carbon trading. Mayor Michael R. Bloomberg Thursday announced a comprehensive plan to grow New York City’s green economy. The 30 initiatives that comprise the plan aim to support and attract green businesses and entrepreneurs and provide specialized training to prepare New Yorkers for green jobs. Read more