IEA Anticipates $1.6 Trillion in Clean Energy Investments Through 2020

Posted on August 29th, 2014 by
   

IEA Anticipates $1.6 Trillion in Clean Energy Investments Through 2020

Investments in new renewable-energy capacity will reach a total of $1.6 trillion through the end of the decade even as the expansion of the clean-energy industry is expected to slow, says the International Energy Agency. Funding for power generation from solar, wind and biomass will average $230 billion a year from $250 billion in 2013 as technology costs fall and growth loses steam. Renewables will account for about 26 percent of global electricity generation by 2020 from about 22 percent now. The expansion will slow over the next five years unless lawmakers provide clear conditions to attract investment, adds the IEA.

Decline in UK Distributed Energy Investment Seen for 2019

Investment in the UK’s distributed power generation market will see a significant drop from almost $2.5 billion in 2013 to $939 million by 2019, says a report from research and consulting firm GlobalData. Excessive and overlapping new policies are forecasted to cause the decline. Nonetheless, while reductions in annual spending into the UK’s overall distributed power generation market will negatively affect the number of annual installations, GlobalData still anticipates moderate growth in the nation’s cumulative installed power generation capacity from almost 3.7 GW in 2013 to more than 7 GW by 2019.

Myanmar’s Solar Plans Boosted with $480 Million ACO Investment Pact

Myanmar will expand its sources of renewable energy through a deal with ACO Investment Group, a U.S.-based private equity fund focusing on Asian markets, to develop two 150 MW solar facilities. ACO’s project is the first-ever solar energy development in the Mandalay region. It will help provide stable energy to a country that heavily depends on hydropower, which decreases output during dry season. . The $480 million project is expected to provide 10 to 12 percent of Myanmar’s power generation when completed in 2016.

Celebrity Owners of Tesla’s Model S

The Tesla Model S has proven to be a wildly-popular car with electric vehicle enthusiasts and celebrities alike. Here is a fairly comprehensive list of proud celebrity Model S owners: Ben Affleck, Anthony Bourdain, James Cameron, Don Cheadle, Cameron Diaz, Morgan Freeman, Jennifer Garner, James Hetfield, Jay Leno, Demi Moore, Jay-Z, Will Smith, Steven Spielberg, Steve Wozniak, Adam Sandler, Mark Ruffalo, Kevin Pollak, Ray Parker Jr., Dennis Haysbert, Alyson Hannigan and Jon Favreau. Of course, not every celebrity is a fan as George Clooney famously trashed his roadster, getting into it with none other than Tesla CEO Elon Musk. The list is hardly conclusive as more and more celebrities has been seen around in the Tesla roadster.

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