VENTURE CAPITAL POST

Morocco will build the largest concentrated solar power in the world at Ouarzazate city. The project, alongside with hydro and wind, will help provide nearly half of Morocco's electricity requirement by 2020.

The global effect of climate change is devastating, prompting countries and giant companies to take action in addressing the changes in climate. On Wednesday, nine major companies are expected to take part in a global coalition of firms intent on transitioning to renewable energy. New members include Johnson & Johnson, Procter & Gamble, Starbucks, Walmart, and Goldman Sachs. Couples of companies had already reached the target of 100% while others do not expect to do so for several decades but are generally setting assertive interval targets, according to The New York Times.

Apple Inc (AAPL.O) will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time.

General Electric pursued its renewable energy program in Estonia after abandoning a solar plant project in the United States.

TransAlta Corp planned to spin off its wind and hydroelectric power plants through an initial public offering to increase the company’s value.

Investors in the wind farm industry and renewable energy sector are still doubting the stability of the market even after a 10% increase in subsidy.

Salvepar made a $7 million investment in renewable energy company Latin America Power Holding.

Danish Greentech has sold its half of a northern Poland wind farm project to local partner PGE

China was the main contributor to a 24 percent rise in new global investment in clean energy in the second quarter.

Goldman Sachs Group Inc plans to channel investments totaling $40 billion over the next decade into renewable energy projects.