News

  • Google invests $280m in solar loans for homes, Suntech promises finance

    16 June 2011

    Google has invested $280 million to set up a residential solar fund with installer SolarCity, which leases systems to households that want to avoid the upfront costs of buying and installing their own solar panels.

  • Gas prices dent prospects of US nuclear build

    14 June 2011

    Low natural gas prices have thwarted investment in nuclear generators in the US and federal loan guarantees will not help nuclear power reach parity, experts said.

  • Sustainability reporting on rise in China

    14 June 2011

    More Chinese companies are producing sustainability reports, according to standard-setter the Global Reporting Initiative (GRI), driven largely by regulation and stock exchange listing requirements.

  • Italy's nuclear defeat boosts renewables hope

    14 June 2011

    Italians have voted against rebooting nuclear power generation, thwarting prime minister Silvio Berlusconi's nuclear ambitions and signalling a potential shift toward renewable energy.

  • Wind energy to avoid €24bn of fuel costs in 2015, industry says

    14 June 2011

    Wind power will save €23.7 billion ($34.2 billion) that would otherwise be spent on coal, gas and oil in 2015, according to figures from the European Wind Energy Association (EWEA).

  • M&S sustainability plan saves retailer £70m

    14 June 2011

    Marks & Spencer (M&S), a bastion of the British highstreet, saved £70 million ($115 million) through its 'Plan A' initiative this year, up on the £50 million net benefit it reported in 2009-10.

  • Dump biofuels subsidies to stabilise food prices – report

    13 June 2011

    Government subsidies for biofuels should be scrapped to help ease pressure on global food prices, says a report by the UN, the World Bank and the International Monetary Fund.

  • US renewables industry searches for more tax breaks as grants end

    10 June 2011

    Renewable energy groups are preparing for the end of the US government's cash grant programme by urging legislators to allow them to use master limited partnerships (MLPs) to finance projects.

  • UK cuts solar tariffs by up to 72%

    09 June 2011

    The UK government has announced new feed-in tariffs (FITs) for large-scale solar arrays installed from 1 August, arguing that without reductions the scheme will be "overwhelmed", while industry participants fear the changes will not be the last.

  • China drops turbine part subsidies after WTO challenge

    09 June 2011

    China has agreed to abandon wind power manufacturing subsidies that the US government argued violated international trade law.