greening it up - chinese clean energy, egyptian wind farm, joule production, jse responsible investment, bp ethanol

Submitted by turbosprout on Mon, 2009-11-09 17:52


China to build 100 Clean Energy projects in Africa in three years. At a two-day China-Africa summit in Egypt Chinese premier Wen Jiabao pledged 10bn in low interest loans to African nations over the next three years. He also said China would build 100 energy projects that cover solar power, biogas and small hydro plants over the same period as part of an effort to help the continent deal with climate change. Business Day

Egypt gearing up for 250MW Wind Farm. The Egyptian Electrictity and Energy Ministry said on a statement on its website that 34 companies had submitted bids for the project on the Red Sea coast. The project developer will design, finance, construct, own and operate the power plant for 20 to 25 years and sell the power on to the Egyption Electricity Transmission Company. Egypt plans to generate 12% of its power from wind and 20% from renewables overall by 2020. Times Live

Joule ready for production by 2012 SA's electric car will require capital of around R5.5 billion over the next three years to bring to market according to Kobus Meiring, CEO of Optimal Energy. “We plan to start setting up a plant in 2010, with the first vehicles off the line in 2012,” says Meiring. He adds that the Eastern Cape is a very strong possibility for the location of the first plant, with the East London Industrial Development Zone being one of the front-runners. PE's High Tech Automotive would manufacture "at least 100 pilot vehicles" Optimal Energy Biz Community

Fix climate change or else - top military brass If world leaders fail to act soon on climate change, "preserving security and stability even at current levels will become increasingly difficult". That's the blunt message of a statement released in Washington last week by 10 high-ranking military officials from Africa, Asia, Europe, Latin America and the US. The group, which makes up the military advisory council of the Institute for Environmental Security in The Hague, is calling on governments to produce an "ambitious and equitable" international agreement at the Copenhagen climate talks in December. New Scientist

JSE signs UN's Principles of Responsible Investment
Founded in 2005, the United Nations PRI is a set of principles developed to guide investment professionals to consider environmental, social and corporate governance issues in the selection of investment opportunities and to align investors with broader societal objectives. The JSE also has its own socially responsible investment (SRI) index that 25 participants have signed. SouthAfrica.info

BP to start selling biofuels by 2010
In the US British Petroleum has announced that it may begin commercial production of cellulosic ethanol starting in 2010. As of 2005, there were approximately 168,987 petrol stations in the United States of which just 2,200 sell E85 ethanol fuel. Gas 2.0