RBS is Biggest Lender to Renewables Projects in the UK

RBS was by far the biggest lender to renewable energy projects in the UK last year, lending more than double the amount of its nearest competitor, according to independent research. The bank says it expects the sector to grow further in the next few years. Figures from Infrastructure Journal show RBS loaned more than $366 … Read more

€14 million Initiative to Develop the Potential of Seaweed as Biofuel

Researchers at NUI Galway’s Ryan Institute are involved in a major €14 million European initiative to develop the potential of algae as a source of sustainable energy. As a partner in the project, NUI Galway is responsible for the initial step of producing some of the biomass required for conversion to biofuel. This will be … Read more

20% of Global Energy From Biomass Without Damaging Food Production

A new report suggests that up to one fifth of global energy could be provided by biomass (plants) without damaging food production. The report reviews more than 90 global studies. It has been produced by the Technology and Policy Assessment function of the UK Energy Research Centre (UKERC), which addresses key controversies in the energy … Read more

Biomass an Essential Part of Scotland’s Green Energy Mix

Energy generated from biomass has a key role to play in helping Scotland to achieve its 100% renewable target by 2020, according to members of the Lifetime Recycling Village. The Lifetime Recycling Village is currently developing proposals for a closed loop renewable energy and recycling facility in the West of Scotland that will take in … Read more

Bord na Mona On Track to Achieve Co-firing Target With Biomass

Last year represented a significant milestone on the road to Bord na Mona’s 2015 target to co-fire its Edenderry power plant to a 30% level with biomass. In 2010, 110,000 tonnes of biomass material passed through the plant, representing a 12% co-firing rate. This leaves Bord na Mona on track to hit a 15% level … Read more

EIB Delivers Record Lending for Climate Action in 2010

In 2010, the European Investment Bank (EIB) increased financing for climate action projects to Eur19 billion, representing an impressive 30% of its lending in the European Union. Significantly up from Eur16 billion the year before, this is a new landmark in supporting sustainable growth and building a low-carbon future in Europe. In 2010, total EIB … Read more

€2 Billion Renewables Investment Would Create Hundreds of Jobs in Clare

Multinational utility companies are seeking to invest over Eur2 billion to harness the energy of County Clare’s wind, wave, tidal and biomass resources. This is according to the Clare County Development Board (CDB), which has launched its Integrated Strategy on Energy & Climate Change. The plan sets the path for Clare to become a low … Read more

€57 Million Call For Intelligent Energy Projects

The European Commission has launched the 2011 call for project proposals under the Intelligent Energy – Europe (IEE) funding programme. €57 million are available to co-fund projects that facilitate the widespread use of renewable energy and help realise Europe’s energy saving potential. The projects funded under the Intelligent Energy – Europe programme are designed to … Read more

EU to Exceed 20% Renewable Energy Goal by 2020

The EU 27 will exceed its target of meeting 20% of its gross final energy consumption from renewable sources by 2020, according to the European Wind Energy Association, following analysis of the National Renewable Energy Action Plans, submitted by the EU Member States to the European Commission. “Taken together the Action Plans show that the … Read more

£450 Million Deal to Build UK’s First Sustainable Energy Park

The UK’s first sustainable energy park is to be built in Peterborough after developer Peterborough Renewable Energy, a subsidiary of Green Energy Parks, signed an engineering, procurement and construction deal worth more than £450 million with Malaysian manufacturing giant, KNM Group Berhad. The KNM Group, which operates 19 manufacturing facilities and engineering centres in 12 … Read more