Migrated.

This blog has been migrated and merged with bindoo. There will not be any more updates on this blog.

Clean Energy 2010 Trending Up

China is churning out the low cost infrastrucutre for Wind and Solar which in part is fueling the greater adoption of clean energy. Although people are sckeptical is China can continue that given their attitude and difficult framework for fostering entrepreneurship and innovation.

The global trend for investing in Renewables is looking good and some VC's will continue to make money while other's gamble on less 'cleaner' initiatives like ethanol.
[Source]

U.S. Venture and Global Clean-Energy Investments:

In 2009, U.S.-based venture capital investments in energy technologies declined from $3.2 billion in 2008 to $2.2 billion in 2009, according to Bloomberg New Energy Finance. However, as a percent of total VC investments, energy tech grew from 11.4 percent in 2008 to 12.5 percent in 2009. This represented the largest share in the history of the clean-energy asset class.

The report can be downloaded from  http://www.cleanedge.com/reports/reports-trends2010.php

Digital Earth launched their website on Search4Oil

Finally Digital Earth Inc. is out of their beta and launched the website as Search4Oil portal at http://www.search4oil.com/

Tradable RECs Come to California

According to the law firm Stoel Rives, "Under the CPUC's decision, the utility can simply purchase the TRECs from the renewable generator, without having to purchase the associated power. The delivery requirement still remains, however. The RECs must be associated with the delivery of some power to California in order to be counted toward a utility's RPS requirement."

Its a good start but as you can see that its only circumventing the problem and not really solving anything. As another blogger pointed out that it'll just enable Colorado sell their RECs to them since they bought too much too soon.

Would be nicer too see this extend to individual trading instead of paying the utiliites companies to buying in on consumer's behalf.