New York has worked out a plan to meet 45% of its electricity needs from renewable energy sources by 2015. The scheme also would create 50,000 jobs, according to David Paterson, Governor of New York who made the announcement in a speech at the New York Academy of Science.

Wind farms - renewable energy

One of Paterson’s pet projects is developing new batteries required to tap solar energy and wind energy. “Whoever learns to store energy in the United States first will replenish their economy for years to come,” said Paterson.

(more…)

If you're new here and you like our articles, how about subscribing free for our updates via RSS feed.

Call them philanthropic or just call them smart investors, the bottom line is that Google wants to provide an alternate solution to the greenhouse gases of laden coal power generation in the US.

Google's Green Energy Czar Bill Weih Inspecting Solar Panels

The Internet giant has openly claimed that the government isn’t taking risks enough to see fruitful achievements and that is where such plans falter. It is important to take investment risks to bring about a change.

(more…)

Pacific Gas & Electric on Wednesday announced it has gone into solar-power contracts with Oakland’s BrightSource Energy to produce a total of 1,310 megawatts of electricity. That’s enough to power 530,000 California homes during peak hours— 12 noon – 7pm.

Solar farm by BrightSource Energy

Go California! Wait! Let me check my PG&E bill. Somebody has to pay for this.

The new agreement includes seven power plants. This is in addition to a deal the two companies struck in April 2008. In that deal 900 megawatts would come from solar thermal power.

BrightSource now has 2,610 megawatts under contract. The new PG&E contract is the largest. BrightSource folk say their output represents more than 40 percent of all large-scale solar thermal contracts in the United States.

“The solar thermal projects announced today exemplify PG&E’s commitment to increasing the amount of renewable energy we provide to our customers throughout Northern and central California,” senior vice president of energy supply for PG&E, said in a statement. “Through these agreements with BrightSource, we can harness the sun’s energy to meet our customers’ power requirements when they need it most — during hot summer days.”

CEO of BrightSource Energy, said the additional contracts came about after BrightSource showed off its technology in Israel with results that were “at or above all the specifications.”

“It proved to them that our technology works. They saw us executing and delivering” efficient solar energy production.

Gov. Schwarzenegger terminated in “more evidence that reliable, renewable and pollution-free technology is here to stay and sunshine will eventually power hundreds of thousands of homes and businesses across our golden state.”

Construction costs for BrightSource will be at least $3 billion and the facilities will be located in the southwestern deserts of California, Nevada and Arizona. The first plant, a 110-megawatt facility at Ivanpah in eastern San Bernardino County will begin operation by 2012.

What I want to know is who is going to pay for this? More specifically, how much will my PG&E bill be going up each month to fund this new venture?

The “Energy (R)evolution: A Sustainable World Energy Outlook” says that two-thirds of Asia’s electricity needs can be met by renewable energy sources by 2050. If so, the aggressive investment could create an annual $360 billion industry worldwide and save $18 trillion in future fuel costs.

I wonder if the men and women punched their calculators to determine how many people depending on the fossil fuel industry will LOSE their jobs.

“With renewable energy growing four-fold not only in the electricity sector, but also in the heating and transport sectors, we can still cut the average carbon emissions per person from today’s four tons to around one ton by 2050,” said Philippines Campaign Manager for Greenpeace Southeast Asia.

“The global market for renewable energy can grow at double digit rates until 2050, and overtake the size of today’s fossil fuel industry. Currently, the renewable energy market is worth 70 billion dollars and doubling in size every three years,” said the Policy Director of the European Renewable Energy Council.

Well, for all I know, if Greenpeace said it, there’s got to be something wrong with the figuring. Still, we can dream, can’t we?

Source: Xinhuanet Image: myuiibe

There are 239 billion green opportunities in China. That is, China is planning on spending Y2 trillion ($239 million) to ensure that renewable energy will account for 15% of the nation’s power by the year 2020. China is the world’s second largest energy user. A country one fourth the size uses more.

Presently, less than 10% of China’s power comes from renewable energy. The government has earmarked Y1.4 trillion from 2006-2010. The U.S. says the clean technology market in China will be about $186 billion in 2010 and grow to $555 billion by 2020. Okay, I lost track of how much money can be made.

Looking for a good business opportunity? Help China become greener. They’ll pay out the gazoo for any good idea you can come up with. The best ideas – clean coal and carbon capture technologies says one expert.

Do you have a green idea?

Image courtesy of V 2

So, I wonder. How many points does Google want for throwing pocket change at an alternate fuel technology? The giant search engine machine pledged “10 million U.S. dollars in Enhanced Geothermal Systems (EGS) technology, as part of its Renewable Energy Cheaper than Coal initiative. ”

Two geothermal tech start-ups and a university will benefit from the grant. “EGS expands the potential of traditional geothermal energy by orders of magnitude,” said Google.org. EGS has the potential to provide clean renewable electricity 24/7, at a cost cheaper than coal.

AltaRock (cool name will get you money) Energy will get $6.25 million and Potter Drilling will get $4.25 million. SMU will get a grant of $489,521 (nice round number). Australia, Germany and the European Union are the technology leaders.  All 50 states have thermal resources accessible by EGS. Just gotta dig down and plug in. Or we can Iceland and/or Mitsubishi to see how they do it.

But, $10 million from a company that makes a profit of over $1 billion quarterly. That’s like a man with $4,000 to do go with giving away just $10 and hoping to make a difference.

World’s number 5 oil exporter, Norway has big energy resources and by 2025 it could become “Europe’s battery”.

The island of Utsira, Norway – image by tualatin

A recent study talked about developing sea-based wind parks that would allow access up to 8,000 megawatts of renewable energy, equivalent to about eight nuclear power plants. Exporting green energy would actually help the European Union to attain their goal to get 20-percent of the total energy from renewable sources such as solar, wind, waves or hydro power.

The investment for the wind parks would cost up to $44 billion but if we consider they pump out 2.2 million barrels of oil per day, it will probably take only 6 months to cover it.

Norway has the longest coastline in Europe and using wind power they expect to have “access to up to 40 terrawatt hours of renewable energy in 2020-2025, of which about half would come from offshore wind power.” If the authorities will consider the project and it will be built, it may cut 20 million tonnes of heat-trapping carbon dioxide emissions.

Way to go Norway.