Investment

EU to give 50 billion euros to energy research

The European Union will give over the next decade up to 50 billion Euros to research on low carbon energy. Solar energies will receive 16 billion euros, wind power 6 billion, nuclear 7 and energy from waste and biomass 9 billion. This is due to enable the 27 members to compete on cleantech with the …

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Google invests in Enhanced Geothermal Systems

Google is really interested in renewable energy sources. After putting millions in solar and wind energies, they are this time investing in harvesting the ground’s energy. Focusing this time on a specific technology called Enhanced Geothermal Sytems – EGS for short – Google is putting 10.25 million USD (7 million euros) on the table. EGS …

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Investments in renewable energies are booming

According to the UNEP, multiple factors are benefiting renewable energies as world investment in this sector rose by 60 percent in 2007 compared to 2006. Investment reached last year $148 billion (93 billion euros) and this trend is most likely to continue as forecasts mention $600 billion per year by 2020. As we can see, …

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Huge European investments in renewables

According to Greentech Media, European utilities are “major movers in the renewable energy space“. They also are becoming global leaders compared to their US competitors. So far, more than 86 Gigawatts of renewable electricity capacity have been installed and an additional 100 GW are to be implemented by the eight “green giants”. This concerns companies …

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Investments in renewables could hit $750bn by 2016

According to Ernst & Young, one of the largest auditing companies in the world, the global renewable energies market could be the subject of investments worth up to USD 750 billions by 2016 (559 billions Euros). In 2006, the global investments in these energy sources were of USD 100 billions. According to the United Nations, …

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