As the White House considers curtailing subsidies to traditional domestic energy suppliers, its support of alternative energy has soared.
A new report from the Department of Energy shows that subsidies to the solar and wind industries skyrocketed 626 and 946 percent, respectively, between 2007 and 2010. Total subsidies to these industries rose from $5.1 billion to $14.67 billion in that period, reports CNSNews.com.
In April, President Barack Obama reiterated his call for an end to subsidies
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Wind is the number one source of new electricity-generation installations in both Europe and the U.S. and has been for the last year or two, according to green energy analysts.
"Wind is the one renewable energy source that, currently, is competing directly with coal and natural gas for electricity from new power installations." says GreenTech Opportunies analyst Peter Cox.
Wind and natural gas combined accounted for about 80% of new capacity added to the U.S. electrical grid.
"Wind energy
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Wave Power is coming to the waters of the Gulf of Mexico.
Independent Natural Resources, has received a permit to contstruct an offshore platform that will use wave power to desalinate water, off Freeport, Texas. The company says it's the first to receive a permit from the U.S. Army Corps of Engineers to operate a wave generator in the U.S.
The facility is expected to be operation later this year.
A picture of the planned offshore platform which would have underwater 18 pumps moving
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The US government is committed to supporting Indonesia in developing renewable energy resources by providing both technological expertise and competitive financing scheme, says a minister.
“We stand ready to partner and create win-win opportunities to help both Indonesian government and companies not only achieve their energy efficiency targets but also create jobs,” visiting US Secretary of Commerce Gary Locke told journalists yesterday during his two-day visit to Jakarta.
“We are eager
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