Policy, investment and markets News for February 2010

Policy, investment and markets News Archive

Gamesa’s 2009 results down – difficult year

Gamesa reports an overall fall in results for 2009 as a difficult market slowed down wind developments.

Siemens invests in UK tidal energy company

Marine Current Turbines (MCT) says Siemens Energy has acquired a minority stake in its tidal current energy turbine, to help deploy Britain’s first commercial tidal energy farm in UK waters within the next two years.

Screening tool for renewable energy

A US report evaluates numerous factors to determine how western states can source 33% of their electricity from new renewable energy resources.

Information and Communication Technologies lead the way to energy efficiency in Europe

The European Commission has just held an event on Information and Communication Technologies (ICT) for Energy Efficiency in Brussels. Several EU-funded research projects were showcased at the accompanying ICT for Energy Efficiency Exhibition and Award Ceremony.

UK feed-in tariff specialist Ownergy Plc launched

A company specialising in end-to-end provision of renewable energy systems for the UK Feed-In Tariffs and Renewable Heat Incentive, Ownergy Plc, has been launched.

Trina Solar shipments near doubled

Trina Solar has released its 2009 year results, revealing that the company has almost doubled its solar module shipments to 399 MW.

USA develops renewable energy on contaminated sites

Two US agencies are evaluating the feasibility of developing renewable energy production on Superfund, brownfields, and former landfill or mining sites.

Green jobs if Canada renews incentives for renewable power

A coalition of environmental groups says Canada could create at least 8000 jobs by if the Federal Government renews incentives for renewable energy.

Q-Cells slumps into €1.36bn loss in 2009

Q-Cells fell into a net loss of €1356 million in 2009 compared to a net profit of €191m in 2008 as sales fell 36%.

UK £8m offshore wind demonstration call

The UK Department of Energy and Climate Change (DECC) has opened the third call for capital grant funding for offshore wind component and technology development.

Australia: 100% renewable energy by 2020

Renewable energy could produce 100% of the electricity needed in Australia within 10 years, using technologies that are available now.

US lends US$1.4bn for CSP

The US Department of Energy (DoE) will support construction of three utility-scale concentrated solar power plants.

US utilities see future for solar and wind

Wind energy projects are underway or planned by 79% of utilities in the USA within the next five years, while solar energy is planned by 73% within that time horizon.

California raises cap on solar and wind

The State Assembly in California has approved legislation to increase the limit on the state’s net metering programme for solar and wind energy.

2025 solar and wind energy costs charted

The capital cost to install a 20 MW solar photovoltaic (PV) facility by 2015 will be US$7981/kW, according to a report from the Electric Power Research Institute (EPRI).

First Solar’s profit soars 84% in 2009

First Solar recorded a profit of US$640 million for the full year 2009, up 84% from 2008.

Applied Materials turns loss to profit in Q1

Applied Materials reported a net income of US$83 million in the first quarter (Q1) ended 31 January of fiscal 2010, compared to a US$133m loss in the same period in 2009.

Potential for US wind energy is 10.5 GW

Wind turbines on the continental USA could generate 37 PWh a year, according to a new study by the National Renewable Energy Laboratory (NREL).

Yvo de Boer resigns from UNFCCC

Yvo de Boer says he will resign his position as Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC as of 1 July 2010.

40% wind energy in the Falklands

The Falkland Islands in the South Atlantic have commissioned three new wind turbines that will supply 40% of the settlement’s electricity.

Delaware: 30% renewable energy by 2013

The state of Delaware must evaluate the feasibility of installing renewable enegy such as on-site wind or solar systems with a simple payback period of under 20 years.

US states need guidance for feed-in tariffs

Feed-in tariffs (FiTs) in the United States are difficult to implement and the Federal regulator should clarify the rules, according to the National Renewable Energy Laboratory (NREL).

Bonds authorised for renewable energy

The US government has funded 16 native tribes to issue bonds for renewable energy facilities.

Gamesa evaluates renewable energy from Spanish centres

Gamesa and the Spanish Federation of Technology Centres (FEDIT) have launched an initiative allowing Gamesa to identify and assess sustainable technology projects including renewable energy.

USA: US$130m for building energy efficiency

Federal agencies in the USA will provide funding over five years to develop new technologies in building energy efficiency.

EU will meet renewable energy target

The EU will meet its 2020 20% renewable energy target, even slightly exceed it, according to the European Wind Energy Association (EWEA).

UK and India collaborate on solar energy

The UK and India have announced two research programmes to develop cost-effective and efficient solar energy solutions, totalling £10 million.

REpower profit up 22.85% over 9 months

German wind turbine manufacturer REpower recorded a 22.85% jump in net profit over the 9 months ending 31 December 2009 to €32 million.

AWS Ocean Energy secures £2m

Scottish wave energy company, AWS Ocean Energy, has secured £2 million from Scottish Enterprise’s Scottish Co-investment Fund and the Shell Technology Ventures Fund 1 B.V., an affiliate of Royal Dutch Shell.

South Wales region to pioneer hydrogen energy in UK

The UK government has designated South Wales as the country’s pioneering Low Carbon Economic Area (LCEA) for hydrogen energy. The South Wales LCEA will be the most extensive renewable refueling infrastructure in the UK, and will also support fuel cell development and create ‘green’ jobs and companies to boost the regional and national low-carbon economy.

IHS acquires renewable and energy analyst EER

IHS Inc is acquiring Emerging Energy Research (EER) analysing global emerging energy including renewable energy for around US$18 million.

SunPower acquires SunRay for US$277m

SunPower Corp is acquiring SunRay Renewable Energy, a European solar power plant developer with offices in Europe and the Middle East, for US$277 million.

Global fund collects US$300m for renewable energy

Japan has joined the Netherlands, Norway, Switzerland, Britain and the USA as a donor for a new programme to support renewable energy in developing countries.

US Senate considers legislation for 10m solar roofs

A US Senator has introduced legislation to incent more than 10 million solar electric and solar thermal systems over the next decade.

2nd-gen biofuels can play “crucial role” - IEA

The potential for sustainable second-generation biofuels is considerable, while first-generation biofuels have only limited potential, concludes a study by the International Energy Agency.

US support declines for renewable energy: poll

Americans of all parties support the passage of Federal policies to support renewable energy, although the level is down from a baseline survey conducted two years ago.

Utility funds US$60m for solar installations

An electric utility will fund 1000 solar electric installations through a tax equity initiative.

AREVA acquires solar thermal firm Ausra

AREVA is acquiring the US-based provider of large-scale concentrated solar power solutions for electricity generation and industrial steam production, Ausra.

US renewable energy industry wants key legislation passed this year

Five associations in the United States have banded together to urge Congress to enact key policies which will continue accelerated growth across the renewable energy sector.

Vestas’ 2009 profit up 13.3%

Vestas profit after tax for 2009 rose 13.3% to €579 million from 2008.

REC went from profit to loss in 2009

Renewable Energy Corporation ASA (REC) reports a full year loss of NOK 2482 million in 2008 compared to a profit of NOK4379m in 2008.

Finance: Clean Energy Index down 4.59%

Interested in financial renewable energy news and stocks? Renewable Energy Focus has launched a finance section with real-time financial data and news.

Global clean energy investment: US$145bn

China’s investment in wind energy last year kept the world’s overall investment in clean energy to 6.5% below the 2008 record, despite the worst recession for 60 years.

£10m for renewable energy initiatives by UK communities

Twelve UK communities have received grants to install solar panels, wind turbines and other renewable energy technologies, under a national challenge to reduce carbon emissions.

California approves PG&E renewable bioenergy contract

The California Public Utilities Commission (CPUC) has approved a renewable energy contract for Pacific Gas and Electric Company (PG&E).

Sunways opposes German reduction of solar feed-in tariff

Sunways AG of Germany put down work for 30 minutes on 4 February in protest against planned cuts in the German solar energy feed-in tariff.

Smart grid could reduce emissions by 12%

A smart grid could reduce electricity use and cut carbon emissions by 12% for US power utilities by 2030.

Hawaii considers US$50m bonds for renewable energy

Hawaii has introduced legislation to create a green jobs sector through the establishment of a ‘Hawaii Clean Energy Investment Bonds’ programme for renewable energy.

Wind power tops new EU electricity

Wind power represented the largest share of new electricity generating technology installed in the European Union in 2009.

US renewable electricity standard - 274,000 jobs

A US national renewable electricity standard (RES) of 25% by 2025 could create thousands of jobs and help fledgling industries like wind grow, as short-term tax benefits expire.

Mixed hydropower reaction to UK feed-in-tariffs

The British Hydropower Association (BHA) welcomes the UK renewable energy feed-in tariff, but says there’s a problem for those already registered within the Renewables Obligation (RO) scheme.

Obama to boost US biofuels

President Barack Obama has announced a series of steps to boost US biofuels production.

Siemens invests heavily in India – includes renewable energy

Siemens is to invest over €250 million in India by 2012, with a major part of this going to renewable energy.

UK Government fails anaerobic digestion

The UK Anaerobic Digestion and Biogas Association (ADBA) says the new renewable energy feed-in tariff in the UK reduces support for anaerobic digestion “significantly”.

Smart grid market could reach US$15.8bn

The smart grid market is set to grow from today’s US$4.5 billion to US$15.8bn by 2015, according to Lux Research.

Plug Power, MGL to commercialize co-developed battery systems

US-based fuel cell developer Plug Power has signed a commercialization agreement with Citic GuoAn Mengguli Power Science & Technology Co Ltd (MGL) in China, for the joint marketing and sales of their co-developed high power, lithium ion battery systems into automotive applications.

UK’s energy supplies at risk

Doubt has been cast over whether current UK energy arrangements can deliver secure and sustainable energy supplies, according to Ofgem.

HgCapital renewable energy fund tops €1bn

HgCapital Renewable Power Partners has made three new investments: two Spanish solar photovoltaic (PV) projects and one UK onshore wind project.

Wind energy grows 31% in 2009

The capacity of wind energy increased by 31% last year, adding 37.5 GW of wind turbines with an investment of US$63 billion.

Wind industry aim: European single market by 2015

The European Wind Energy Association (EWEA) welcomes European regional energy initiatives, but says the aim is a European single market by 2015.

Canada funds solar PV research network

The Canadian Government will provide C$5 million to create the ‘Photovoltaic Innovation Network’ to raise the status of solar electric as a renewable energy option.

Centrosolar revenue down 7% in 2009

Centrosolar Group AG has posted provisional results for 2009 recording €309 million in revenues, down 7% from 2008.

T-Solar and Global Ecopower develop solar PV in France

T-Solar Group and French Global Ecopower, will jointly develop 120 MWp of solar photovoltaic (PV) power in France over the next three years.

Solar partnerships install solar electric in Ontario

More companies are forming partnerships to take advance of the C$0.80/kWh feed-in tariff (FiT) offered in the province of Ontario for small solar electric installations.

USA investigates new renewable energy

The US federal budget proposes that the USA should be “the global leader in the new energy economy by developing new ways to produce and use clean and renewable energy.”

US DoI proposes US$73m for renewable energy

The proposed US$12.2 billion budget for the Department of the Interior (DoI) in FY2011 includes an increase of US$14.2 million over last year for renewable energy programmes.

UK renewable industry welcomes feed-in tariff

The UK renewable energy industry welcomes today’s announcement of the feed-in tariff for renewable and low carbon electricity, and the plans for low carbon heating incentives.

UK feed-in tariffs announced

The UK Government has announced its feed-in tariffs for small scale renewable and low carbon electricity starting from 1 April.

BWEA: renewable industry calls for 2020 action

The British Wind Energy Association (BWEA) calls on the UK Government to consider a raft of immediate measures to deliver the UK’s 2020 renewable energy targets.