The Alternative Energy blog – green renewable alternative energy

A senior American energy official says the BP oil disaster in the Gulf of Mexico dramatically illustrates the need for investing in renewable sources of energy. David Sandalow, a US assistant energy secretary, said yesterday that the oil spill is a "tragic situation" that "underscores the need for a transition to a clean energy economy." Sandalow was speaking during a meeting of international officials in Abu Dhabi, the capital of the United Arab Emirates. The oil-rich sheikdom is investing heavily Read more [...]

Venture capitalists in the USA are heading back into the alternative energy sector. Investments in the sector have increaesed by 73 percent in the last 3 months. A report issued today by Ernst & Young LLP says venture capital investment in the clean-technology sector totaled about $572 million from April to June. That's still far less than the money invested during the second quarter of 2008, a big year for alternative energy, but suggests that the worst may be over for solar, wind geothermal Read more [...]