Renewable Energy Projects Get 1.2 Billion Euro Subsidies

Posted on December 19th, 2012 by
   

Renewable Energy Projects Get 1.2 Billion Euro Subsidies

As a part of the fight against global warming, the European Union granted 1.2 billion euros ($1.58 billion) in subsidies to 23 renewable- energy projects to promote low-carbon technology. The aid for the projects located in 16 EU countries comes from the sale of allowances to emit carbon dioxide set aside in a special reserve under Europe’s cap-and-trade program, known as NER300. The projects, ranging from solar power, wind power and biofuels will increase annual renewable energy output in Europe by around 10 terrawatt-hours, an amount equivalent to the yearly fuel consumption of more than a million passenger cars.

NextEra Energy Commissions its 10,000th MW of Wind Energy

NextEra Energy Resources, LLC, one of the largest competitive energy suppliers in North America, recently celebrated the commissioning of its 10,000th megawatt of wind energy. NextEra Energy Resources achieved this significant milestone when it commissioned its 10,000th MW at its 400-MW Limon Wind Project in Colorado.  By yearend, NextEra Energy Resources, through its subsidiaries, anticipates to have more than 10,000 MW of wind power in operation, with wind projects in 19 states and four Canadian provinces, representing a total capital investment of more than $16 billion.

National Biodiesel Board Allies with DTF

The National Biodiesel Board (NBB), a nonprofit trade association dedicated to coordinating the biodiesel industry and educating the public about the fuel, is now the newest member of the Diesel Technology Forum (DTF). The NBB represents more than 260 U.S. and international companies that produce and distribute renewable biodiesel fuels. NBB membership is comprised of state, national, and international feedstock and processor organizations; biodiesel producers and suppliers; fuel marketers and distributors; and technology providers. DTF is a non-profit organization that promotes the use of the most modern clean diesel technologies in the United States. The organization includes a diverse membership of OEMs, suppliers, fuel refiners and device manufacturers who are leading the fight for clean diesel technology.

Myriad of the World’s largest Companies Dedicated to Reduce Greenhouse Gas

A new report issued by Calvert Investments, Ceres and the World Wildlife Fund shows that most of the world’s largest companies have come out with greenhouse gas reduction goals. According to the report, 96 of the 173 companies in the Fortune 100 and Global 100 have set greenhouse gas reduction targets, and of those, 23 companies have also set specific goals for renewable energy use. In addition, the report shows that many companies are moving away from short-term renewable energy certificate purchases to fulfill GHG and renewable energy targets, and are instead looking towards long-term strategies of renewable power purchase agreements and investment in on-site renewables.

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