November 27, 2008
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Energy & Renewables Newsletter November 27, 2008 |
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| This Week´s Featured News Stories |
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Accelerating the switch to renewable energy sources
New research explores ways to encourage the transition to renewable energy systems and reduce reliance on fossil fuels. The study highlights the long lead times to implement renewable energy initiatives and warns that many countries may suffer energy shortages in the coming decades, unless prompt action is taken. Over 80 per cent of global energy use is derived from fossil fuels and between 2005 and 2006 the world increase in coal production was greater than increases in the use of renewable energies. There is heavy dependence on coal as an energy source around the world, especially in China, ... |
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Plutonic Power & GE submit bids for more than US$4bn in hydroelectric projects
Plutonic Power Corporation (PCC: TSX) joined with GE Energy Financial Services, a unit of GE (NYSE: GE), in submitting two bids for hydroelectric power projects costing more than $4 billion, which would be Canada’s largest single private sector hydroelectric generation investment. The submissions into BC Hydro’s 2008 Clean Power Call outline the development of approximately 1,200 megawatts of clean, run-of-river hydroelectric capacity (enough to power 330,000 homes) in the Toba and Bute Inlets along British Columbia’s southwest coast, where GE and Plutonic Power Corporation are already building ... |
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