This week in renewable energy news, President Obama pledges to increase renewable energy in U.S. power production while the country’s largest power company looks to grow through wind energy and solar energy.
U.S., Brazil pledge to increase renewable energy in power production
The United States and Brazil pledged on Tuesday to increase their share of renewable energy in electricity generation from sources other than hydro-power to 20 percent by 2030 in an effort to show commitment to fighting climate change.
Bill Gates spends $1 billion on renewable energy, plans to spend more
Gates said in an interview with Financial Times that investing in radical energy tech companies is the only way that the world is going to get the solution to climate change at an affordable economic cost.
How America’s largest power company Duke Energy plans to become a leading renewables developer
Duke Energy Renewables has grown steadily into a national developer with a portfolio of more than 2000 MW. To date, the vast majority of that growth has been in wind, although the company is increasingly looking at the solar markets to drive growth as well.
Study: More than half of large U.S. businesses have formally adopted plans to reduce energy consumption
Deloitte's new research highlights a number of trends evolving in corporate America – the push to use less power, generate your own and allocate more capital to energy management. But it all likely stems from one simple number: 79 percent of the survey respondents said they view reducing power costs "as essential to creating and maintaining a competitive advantage."