Subscribe to RSSAspire’s Alt Energy and Clean Tech Highlights Week to Date (Mar 3, 2010)
China has drafted a 10-year renewable energy plan which it intends to make public in the near-term, which will result in billions in investments, reduce reliance on fossil fuel imports and coal, and will be in line with the countryrsquo;s goal to reduce GHGs by 40% to 45% by 2020. Renewable energy accounted for 9.9 percent of China’s total energy consumption last year, up from 8.5 percent the year before, the report said. Under the plan, by 2020, the government intends to raise that to 15 percent. China’s total energy consumption surged 6.3 percent last year to 3.1 billion tons of standard coal equivalent, up from 4 percent growth in 2008, the report said. Bloomberg New Energy Finance said it expects 30% of the $184 billion committed in the form of ldquo;green stimulusrdquo; from major economies around the world last year, to be deployed by governments this year ndash; up from about 9% last year. Biofuelsnbsp;nbsp; Verenium (Nasdaq:VRNM) said it has extended an 18-month-old joint development program with BP for an additional month until April 1. The companies will continue their work on cellulosic ethanol while they negotiate a longer-term collaboration, receiving an additional $2.5 million from BP to co-fund the effort for March.nbsp; Clean Technbsp;nbsp; Pollution Controls Sector nbsp;nbsp;Fuel Tech (Nasdaq:FTEK) announced an exclusive 4-year alliance agreement with a lsquo;major domestic power producerrsquo; for the potential supply of multiple nitrogen oxide (NOx) control systems. The initial modeling order for several of these units has been placed under the agreement. Solar Emerging Energy Research reported this week that the US utility-scale PV industry (systems gt;100 kW) closed the door on 2009 with 176 MW installed and an 18% jump over 2008 installed capacity. Amidst economic uncertainty, the uptick innbsp;US PVnbsp;activity signals significant growth ahead as utilities scale to meet their 2020 targets. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; It said the utility segment surged in Q4 2009, making up 63% of the solar PVnbsp;market while adding over 50 MW as the first wave of large-scale PV projects were completed in the US, and middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; California dominated the US PV market in 2009, with over 90 MW of large-scale PV completed, and a utility-heavy pipeline of 474 MW slated for 2010. California accounts for 91 MW, or 52%, of PV systems installed in 2009. Secondary markets New Jersey, Florida, and Colorado also added significant capacity, while middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Average project size rose above 1 MW in 2009 for the first time as PV continues to scale in the US in both the rooftop and ground-based segmentsnbsp;nbsp; Ascent Solar (Nasdaq:ASTI) signed a strategic supply agreement with FTL Solar which includes a minimum purchase commitment of $6.5 million over a three year period. It said it is scheduled to begin shipments to FTL Solar for market seeding of emerging market opportunities with their lightweight solar integrated tensile fabric product line which intended to serve…
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Aspire’s Alt Energy and Clean Tech Highlights Week to Date (Mar 3, 2010)
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