DayStar Technologies has announced the completion of its first acquisition from Avatar Solar of a Hawaiian solar park. DayStar will be acquiring all of Avatar’s operational solar parks throughout the State of Hawaii. DayStar paid cash and common shares issued at $2.00 for the solar park.
GTM Research and Azure International have released China Wind Market Quarterly: Q4 2012 report. According to the report, China continues to deploy wind capacity at a quick pace with over 14.5 gigawatts installed in 2012 and 18 gigawatts forecast for 2013.
According to the Sustainable Energy in America 2013 Factbook, produced by Bloomberg New Energy Finance on behalf of the Business Council on Sustainable Energy, renewable energy installations hit an all-time record with at least 17 GW of new nameplate capacity added in 2012; in April 2012, electricity generation from natural gas equaled that from coal for the first time in US history; policies and approaches for financing energy efficiency continued to make market headway; energy intensity for US commercial buildings has now dropped by more than 40% since 1980 and investments in smart grid topped $4 billion; and carbon dioxide (CO₂) emissions from the energy sector were on pace to sink to their lowest level since 1994.
WWF has released a new report, Putting the EU on Track for 100% Renewable Energy, which shows where Europe needs to be by 2030 in order to reach a fully renewable energy system by 2050. According to the report, by 2030, the EU could be reducing its energy use by more than a third and generate almost half of the remainder from renewables. In addition, by 2030 the EU could use at least 38% less energy compared to a business as usual projection; generate more than 40% of its energy from renewable sources, and by doing both, reduce its energy related greenhouse emissions by 50% compared to 1990 levels.