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Small hydropower gets $4 million in Albania

Two small hydropower plants in Albania with a total generation capacity of 5.1 megawatts are pushing through with the support of a 3 million euro ($4 million) loan from the European Bank for Reconstruction and Development. Private local developer Energy Partners is building two hydropower plants, the Cerruje 1 and Cerruje 2 on Albania’s Benji River, 140 kilometers northeast of the capital Tirana.


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Google is cleaning house, pulls plug on RE program

Google Inc. has officially closed one of its research and investment programs which aimed to make renewable energy cheaper than coal as the company continues its streamlining efforts started by its new chief executive Larry Page earlier this year.


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PV product price drop drove Suntech Q3 loss despite improved shipments

Suntech Power Holdings Company, the world’s largest manufacturer of solar photovoltaic panels, marked a third-quarter loss of $116.4 million despite improved product shipments and sales. The Wuxi-based company’s quarterly revenue rose to $809.8 million, an increase of 8.9 percent year-over-year. However, a drop in average selling price for PV products has lead to a 2.5 percent sequential drop in sales.


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Global companies sign up for WindMade label

Leading global brands Motorola Mobility, Deutsche Bank and Bloomberg, among others, signed up for the new WindMade label – the world’s first wind power consumer label – at an event hosted by WindMade and the United Nations Global Impact in New York on November 18, committing to procure at least 25 percent of their operation’s power consumption from wind energy.


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Vestas to ask 600 major global companies to invest in wind

In a new marketing strategy for the company, wind giant Vestas said it will talk directly with 600 major companies to win investments in wind energy generation from around the world – using tools like LinkedIn.


Li3 continues lithium exploration activities in Chilean salt flats

Exploration-stage lithium miner Li3 Energy, Inc. said the exploration and development of its $8 million Phase 1 project in Chile is progressing. "Despite inclement weather conditions, Li3 is on plan and continues to advance the exploration and development program on our Maricunga Project,” said Thomas Currin, Li3’s chief operating officer.


North America, China airlines work renewable biofuels into regular flights

Three North American airlines are beginning commercial biofuel flights, while China flag carrier Air China conducted its first sustainable biofuel flight as air carriers worldwide seek to bring down their operations emissions through the use of renewable fuels.


BrightSource plans to build third solar thermal power plant, world’s largest to date

Still building its first solar power plant and having just applied to construct its second last August, solar thermal startup BrightSource Energy Inc. is moving ahead to build another 750-megawatt solar power plant in California. BrightSource has filed with the California Energy Commission last Friday seeking certification to develop the Rio Mesa Solar Electric Generating System on Riverside County, California, 13 miles southwest of Blythe.


G.E. ties up with Indian partner for 500 MW of wind projects

G.E. Energy Financial Services is making their first renewable investment in India by financing wind projects equal to 500 megawatts being developed and owned by Greenko Group P.L.C. General Electric’s unit will invest $50 million matched by $65 million from Greenko to finance the projects which will be built by Greenko’s newly created subsidiary, Greenko Wind Projects Private Limited. G.E.’s investment will support half of Greenko’s planned pipeline of 1 gigawatt of wind projects for the Indian States of Maharashtra, Andhra Pradesh, Karnataka and Rajasthan, according to a statement.


Energy efficiency fund in C. America seeks companies’ interest

Investments seen reducing 2 million metric tons in greenhouse gas emissions


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