U.S., World Bank Negotiate Congo’s $12 Billion Inga Hydropower Plant

Posted on April 4th, 2014 by

 U.S., World Bank Negotiate Congo’s $12 Billion Inga Hydropower Plant

The World Bank is in active negotiations with the U.S. government to support Congo’s 4.8 GW Inga 3 Hydropower project, says bank President Jim Yong Kim. The World Bank is providing $73 million in technical assistance to develop the site. Congo had expressed that it would welcome other companies that wishes to join the project. The government is currently considering three groups of companies from China, Spain and Korea to begin construction by October 2015.

Germany to Lighten Cuts in Wind Energy Assistance to Appease Regions

German Chancellor Angel Merkel is stepping back from proposals to reduce aid for wind power to gain support for her energy policy from regional governments. At least four northern states complained that the planned cuts jeopardized jobs. After meeting with Merkel and several state heads, Economy Minister Sigmar Gabriel announced that Germany will allow more onshore wind projects and ease cuts in offshore-wind subsidies. Merkel’s government has now agreed to exclude projects that replace older onshore wind turbines as well as agreeing to reduce planned cuts of aid for turbines built at locations wind low wind speeds.

Renewable Energy Investment Rises in Several Countries Amid Global Decline

The G-20 nations saw an upswing in clean-energy investments last year even as funding slid globally for the second consecutive year, says The Pew Charitable Trusts. Investments in Japan grew 80 percent to $28.6 billion, almost doubling the country’s solar capacity. Canada spent 45 percent more at $6.5 billion while the U.K. invested 13 percent more at $12.4 billion. Global funding last year declined 11 percent to $254 million. In 2012, investments dropped 9 percent from a record $318 billion in 2011, says Pew.

Greenpeace Lauds Apple’s Increased Commitment to Renewable Energy

Greenpeace has issued its annual report on the energy efficiency of internet companies, saluting Apple Inc., Google Inc., Facebook Inc. and other major online service providers for improved use of energy. Greenpeace began the “How Clean Is Your Cloud?” campaign two years ago to see how technology providers are managing their servers which not only gobble-up electricity but also requires air conditioning to keep them from overheating. Apple, which was given a low score two years ago, made the most gains in transparency, internal conservation and the use and advocacy of sustainable energy.


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