Renewable Energy Industry
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Renewable Energy Industry
The renewable-energy industry is the part of the energy industry focusing on new and appropriate renewable energy technologies. Investors worldwide have paid greater attention to this emerging industry in recent years. In many cases, this has translated into rapid renewable energy commercialization and considerable industry expansion. The wind power, solar power and hydroelectric power industries provide good examples of this. In 2020, the global renewable energy market was valued at $881.7 billion and consumption grew 2.9 EJ. China was the largest contributor to renewable growth, accounting an increment of 1.0 EJ in consumption, followed by the US, Japan, the United Kingdom, India, and Germany. In Europe, renewable consumption incremented 0.7 EJ. Overview Net-zero and 100% renewable energy global goals create market opportunities for renewable industries such as solar and wind energy and lithium-ion batteries. By 2050, it’s estimated that the renewable market will reach a v ...
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Wind Power
Wind power or wind energy is mostly the use of wind turbines to electricity generation, generate electricity. Wind power is a popular, sustainable energy, sustainable, renewable energy source that has a much smaller Environmental impact of wind power, impact on the environment than burning fossil fuels. Historically, wind power has been used in sails, windmills and windpumps but today it is mostly used to generate electricity. Wind farms consist of many individual wind turbines, which are connected to the electric power transmission Electrical grid, network. New Onshore wind farm, onshore (on-land) wind farms are cheaper than new Coal-fired power station, coal or Gas-fired power plant, gas plants, but expansion of wind power is being hindered by fossil fuel subsidies. Onshore wind farms have a greater visual #Impact on environment and landscape, impact on the landscape than some other power stations. Small onshore wind farms can feed some energy into the grid or provide power t ...
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Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ...
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LDK Solar
LDK Solar Co. Ltd., located in Xinyu City, Jiangxi province in the People's Republic of China, manufactures multicrystalline solar wafers used in solar cells, and provides wafering services for both monocrystalline In materials science, a single crystal (or single-crystal solid or monocrystalline solid) is a material in which the crystal lattice of the entire sample is continuous and unbroken to the edges of the sample, with no grain boundaries.RIWD. "Re ... and multicrystalline wafers. Their distribution network for solar products covered over 43 distributors and wholesalers across 15 countries. LDK and its Chinese subsidiaries were forced into bankruptcy in 2015. History Founding Xiaofeng Peng founded LDK Solar in July 2005 and is its chairman and chief executive officer. Mr. Peng first founded Suzhou Liouxin in March 1997, and was its chief executive officer until February 2006. Suzhou Liouxin manufactured personal protective equipment products like gloves and empl ...
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Megawatt
The watt (symbol: W) is the unit of Power (physics), power or radiant flux in the International System of Units, International System of Units (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantification (science), quantify the rate of Energy transformation, energy transfer. The watt is named after James Watt (1736–1819), an 18th-century Scottish people, Scottish invention, inventor, mechanical engineer, and chemist who improved the Newcomen steam engine, Newcomen engine with his own Watt steam engine, steam engine in 1776. Watt's invention was fundamental for the Industrial Revolution. Overview When an object's velocity is held constant at one metre per second against a constant opposing force of one Newton (unit), newton, the rate at which Work (physics), work is done is one watt. : \mathrm In terms of electromagnetism, one watt is the rate at which electrical work is performed when a current of one ampere (A) flows across an electrical potentia ...
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Goldwind
Xinjiang Goldwind Science & Technology Co., Ltd., commonly known as Goldwind, is a Chinese multinational wind turbine manufacturer headquartered in Beijing, China. Goldwind was a state-owned enterprise before 2007, with largest shareholders including Hexie Health Insurance, China Three Gorges Renewables Group, and the National Social Security Fund, state-controlled corporations holding almost 40% shares. Its founder, Wu Gang, is a Communist Party member and had a seat in the 12th National People's Congress. In 2016, it was ranked third for onshore and also third for offshore turbine manufacturing by ''Bloomberg New Energy Finance''. History Xinjiang Wind Energy, the predecessor of Xinjiang Goldwind, was founded by using a $3.2 million grant, given by the Danish government, which they used to build China's first wind farm at Dabancheng. Dabancheng wind farm, opened in 1989, consisted of the thirteen small, 150 kilowatts, wind turbines made by Danish turbine maker, Bonus Ener ...
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Sinovel
Sinovel Wind Group Company () is a Chinese wind turbine manufacturer headquartered in Beijing. It is the largest wind turbine manufacturer in China and by 2011 market share the second largest in the world. The company aims to be the largest turbine maker by 2015 with half of sales for foreign markets. Donghai Bridge Wind Farm, the first offshore wind farm in China, began operation in July 2010 using 34 3 MW Sinovel turbines. In December 2010, the Massachusetts Water Resources Authority ordered a 1.5 MW wind turbine to power a wastewater pumping station in Charlestown, Boston. Controversies The firm was accused of stealing software from AMSC and was sued by the company.http://www.bl ...
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Suzlon
Suzlon Energy Limited (NSE:SUZLONEQ, BSE:532667) is an Indian multinational wind turbine manufacturer based in Pune, India. It was formerly ranked by MAKE as the world's fifth largest wind turbine supplier.Source: MAKE Report: Global Wind Turbine OEM 2013 Market Share. History In 1995, founder Tulsi Tanti was managing a 20-employee textile company. Due to the erratic availability of power locally, and its rising costs, the highest business expenditure after the raw materials was electricity. The cost of electricity also offset any profits made by the company. After providing electricity for his own company, Tanti moved into wind energy production as a way to secure the textile company's energy needs, and founded Suzlon Energy. Suzlon adopted a business model wherein clients would be responsible for 25% of the up-front capital investment and Suzlon would arrange the remaining 75% on loan. Initially, banks were hesitant to fund loans for this model, but by 2008, many Indian ban ...
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GE Power
GE Power (formerly known as GE Energy) is an American energy technology company, owned by General Electric. Structure As of July 2019, GE Power is divided into the following divisions: * GE Gas Power (formerly Alstom Power Turbomachines), based in Atlanta, Georgia. ** Gas turbines ** Heat recovery steam generators (HRSG) * GE Steam Power (formerly Alstom Power Systems), based in Baden, Switzerland. ** Steam turbines ** Electric generators ** Boilers ** Air Quality Control Systems (AQCS) * GE Power Conversion (formerly Converteam), based in Paris, France. * GE Energy Consulting History GE Energy (early years) GE Energy was a division of General Electric and was headquartered in Atlanta, Georgia, United States. In 2008, a company-wide reorganization prompted by financial losses led to the unit's formation from companies within GE Infrastructure division. Before this reorganization, GE had nine decades of history in industrial power production including building a record-c ...
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Siemens Gamesa
Siemens Gamesa Renewable Energy S.A., formerly Gamesa Corporación Tecnológica S.A. () and Grupo Auxiliar Metalúrgico S.A., is a Spanish-German wind engineering company based in Zamudio, Biscay, Spain. In Spain, the company has two other main sites one in Madrid and the other one in Sarriguren (Navarre). The Services Commercial Office is located in the ''Parque de la Innovación de Navarra'' in Sarriguren. It manufactures wind turbines and provides onshore and offshore wind services. It is the world's second largest wind turbine manufacturer. The company is notable for its SG 14.0-222 wind turbine, the largest variant based on the Siemens D7 Platform, as well as being the largest wind turbine in the world. Its main competition will be the General Electric Haliade-X and the MHI-Vestas V164. History Gamesa Corporación Tecnológica Gamesa began operations in 1976 as Grupo Auxiliar Metalúrgico S.A., focused at that time on developing new technologies and applying them to ...
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Renewable Energy World
Endeavor Business Media is an American business-to-business media company founded by Chris Ferrell and others in December 2017. The company is headquartered in Nashville, Tennessee Tennessee ( , ), officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States. Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. It is bordered by Kentucky to th .... History Endeavor Business Media acquires and operates trade publications, websites, marketing solutions and events. In 2018 Endeavor acquired the publication assets of SouthComm and seven other companies. The company acquired several publications and events from British company Clarion Events, who had previously acquired these assets from PennWell Corporation, and from Informa Intelligence, a division of Informa, in 2019. References {{Reflist Publishing companies of the United States ...
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International Energy Agency
The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the entire global energy sector, with a recent focus on curbing carbon emissions and reaching global climate targets, including the Paris Agreement. The 31 member countries and 11 association countries of the IEA represent 75% of global energy demand. The IEA was set up under the framework of the Organisation for Economic Co-operation and Development (OECD) in the aftermath of the 1973 oil crisis to respond to physical disruptions in global oil supplies, provide data and statistics about the global oil market and energy sector, promote energy savings and conservation, and establish international technical collaboration on innovation and research. Since its founding, the IEA has also coordinated use of the oil reserves that its members are required to hold. In subsequent decades, the IEA's role expanded t ...
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Sustainable Energy Finance Initiative
The United Nations Environment Programme (UNEP) is responsible for coordinating responses to environmental issues within the United Nations system. It was established by Maurice Strong, its first director, after the United Nations Conference on the Human Environment in Stockholm in June 1972. Its mandate is to provide leadership, deliver science and develop solutions on a wide range of issues, including climate change, the management of marine and terrestrial ecosystems, and green economic development. The organization also develops international environmental agreements; publishes and promotes environmental science and helps national governments achieve environmental targets. As a member of the United Nations Development Group, UNEP aims to help the world meet the 17 Sustainable Development Goals. UNEP hosts the secretariats of several multilateral environmental agreements and research bodies, including The Convention on Biological Diversity (CBD), The Minamata Convention on M ...
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