Australia passed laws on Thursday mandating the generation of 20 percent of its electricity from renewable energy, which could unleash up to $22 billion in investments to the sector.

The renewable energy laws set a statutory target of 9,500 gigawatt-hours (GWh) from renewable electricity sources in 2010, increasing to 45,000 GWh in 2020.

Solar power can be the basis for energy security and competitive strength in a carbon-conscious world
Nitin Desai / New Delhi August 20, 2009, 0:53 IST

The government has unveiled an ambitious programme for solar energy development with the goal of 20,000 MW of solar power capacity by 2020. The plan aims at ensuring that by 2020 solar power is cost-competitive. How realistic is this?

China started construction of the country's first 10-gigawa wind power base in Jiuquan of northwest Gansu province on Saturday as Beijing seeks more clean power to fuel its fast economic growth.

China is keen to halt growth in its greenhouse gas emissions as soon as possible, but lifting tens of millions out of poverty must remain its primary goal, the country's climate change ambassador said on Wednesday.

Punjab government is devising energy policy aimed at exploring the new resources as well as improving the existing to meet the growing demand of power. The government has decided to generate extra energy in the province under the constitution to meet the rising demand of the population. The province would set up power plants run by coal or water.

The German Cultural Centre in Colombo (Goethe- Institute), the Ruhuna University and Ambewela farms are joining together to construct an industrial level bio gas plant for the first time in Sri Lanka with the assistance of German scientists to generate electricity.

China has launched an unprecedented plan to offer hefty subsidies to independent solar power projects, a move that sparked a rally in the sector on Tuesday.

Shares of Suntech Power Holdings Co Ltd soared 9 percent, Yingli Green Energy Holding Co Ltd climbed 10 percent, Trina Solar Ltd rose nearly 9 percent and JA Solar Holdings Co Ltd was trading nearly 8 percent higher.

Oil billionaire T. Boone Pickens's step back from his plan to build the world's largest wind farm in Texas shows how a brutal recession could change the way the United States invests in renewable energy.