U.S. President Barack Obama set aside more than $30 billion for several renewable energy projects in the government’s massive economic stimulus package. And this week, thousands of students from across the nation descended on Washington for a youth summit on climate change and energy policy. Many of them went to Capitol Hill to demand action on preserving the environment.
The San Diego region is already home to more than 200 cleantech companies with more than 40 of them active in the renewable energy space. And if a new initiative led by the San Diego Regional Economic Development Corporation (EDC) and the CleanTECH San Diego trade organization is successful, the region will soon be much more: a true hub for the renewable energy and cleantech industries, spurring innovation, collaboration and creating jobs in the cleantech space.
Renewable energy project developer, Enfinity Management has received a €50 million [US $62.5 million] capital investment from Waterland. The investment will allow Enfinity to accelerate its growth in the 12 countries (in Europe, the U.S. and Asia) in which it already has a presence, and also to develop its position in new countries.
President Barack Obama released a rough outline of his proposed budget for fiscal year (FY) 2010 last week, and the document proposes to support clean energy development with a 10-year investment of US $15 billion per year, generated from the sale of greenhouse gas (GHG) emissions credits. The funding hinges on the passage of an economy-wide GHG emissions program, under which the Obama administration intends to reduce U.S. GHG emissions to 14% below 2005 levels by 2020 and to 83% below 2005 levels by 2050.
Next Tuesday in Las Vegas renewable energy industry leaders, experts, companies and other interested participants will meet in Las Vegas to discuss how the industry is faring amidst the current economic conditions during Renewable Energy World North America, the renewable energy’s leading expo and conference in North America.
GE Drivetrain Technologies, a unit of GE Transportation, and A-Power Energy Generation Systems Ltd. announced that the companies have signed supply and joint venture agreements.