August 2015

UK Renewables Suffer Blow From Proposed Cuts in Assistance

In a blow to the renewable energy sector, the UK government is planning to impose massive cuts to a financial assistance program for clean energy projects including wind and solar.
The Department of Energy and Climate Change plans to reduce the so-called feed-in tariffs for wind-energy projects with capacities of between 100 kilowatts and 500kW to 4.52p/ per kilowatt-hour from 10.85p/kWh.

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Mitsubishi Invests in US Airborne Wind Turbine Developer

Japan’s Mitsubishi Heavy Industries and Oman’s Suhail Bahwan Group have invested in Altaeros Energies, a Massachusetts-based technology company, to support the design and production of its airborne wind turbines. The investment amount was not disclosed. Last December, Japanese telco SoftBank Group Corp. said it planned to invest US$7 million in Altaeros.

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