Policy, investment and markets News for March 2011

Policy, investment and markets News Archive

SMA Solar doubles 2010 profit

SMA Solar Technology AG’s profit soared 127% in 2010 to €365 million, but the company warns of growth stagnation in 2011.

Danish pension group invests in offshore wind farm

PensionDanmark and PKA will acquire 50% of the Anholt offshore wind farm for DKK6 billion from DONG Energy.

Road-legal fuel cell black cabs make first appearance on London’s roads Road-legal fuel cell black cabs make first appearance on London’s roads

In the UK, the first Fuel Cell Black Cabs – developed by a consortium led by Intelligent Energy – have taken to the roads of London for the first time since being awarded 'road legal' status by the national Vehicle Certification Authority.

UK budget 2011 – upping carbon price and Green Investment Bank

The UK budget for 2011 has been released setting a floor price for carbon and upping the initial capitalisation of the Green Investment Bank. Although largely welcomed by the industry, some point out that it could be too little, too late.

UK Government solar criticism sustained UK Government solar criticism sustained

Fallout from the UK Government's decision to massively curtail the growing solar PV industry in the UK continues, with criticism coming from many quarters.

HyRaMP regional initiative to promote battery electric and fuel cell vehicles in Europe

HyRaMP, the European Regions and Municipalities Partnership for Hydrogen and Fuel Cells, is broadening its support of fuel cell vehicles to also include battery electric vehicles.

Platina unveils Cyprus’ First Wind Farm

The €170 million project will reportedly provide 8% of the island’s electricity generation capacity.

India on course for large share of US$2.2bn clean tech market

Senior figures from Indian Government and business have backed a new report by international NGO The Climate Group, which describes how a low carbon development path is the only one that will guarantee future prosperity for India.

REA wrath over UK solar subsidy reductions

The Fast Track consultation on the UK feed-in tariffs have been published, sparking anger among the industry with warnings that it could leave UK solar “strangled at birth.”

Changes to UK Renewables Obligation

The UK is making changes to its Renewables Obligation scheme to “ensure that the RO stimulates deployment of new renewable generation to meet our 2020 targets.”

EWEA 2011: Turmes on wind, nuclear and low-carbon

Claude Turmes took the opportunity at EWEA 2011 in Brussels to attack the lack of binding policies, the use of nuclear power and the lobby of the “low-carbon gang”.

EWEA 2011: What does low-carbon mean?

At EWEA 2011 in Brussels, Belgium, the wind industry raised the question of what politicians mean when they talk about low-carbon energy as opposed to renewable energy.

EWEA 2011: Europe needs renewable energy targets beyond 2020

The EU needs to adopt binding renewable energy targets for 2030 to ensure long-term investment, according to the European Wind Energy Association (EWEA).

Renewable Energy Focus at EWEA 2011

The Renewable Energy Focus team is at the European Wind Energy Association's annual conference and exhibition EWEA 2011.

Research predicts waste-to-energy market growth

A study by SBI Energy shows that the thermal and digestion waste-to-energy market is to be unaffected by the global economic downturn, forecasting the annual global market for all technologies combined are to exceed US$27 billion by 2021.

French reduce solar PV funding

French solar photovoltaic (PV) feed-in tariff is being reduced to €0.12/kWh.

UK carbon price floor not enough?

The proposed UK carbon price floor is not enough to create investor confidence, according to Climate Change Capital (CCC).

UPS Systems to lease three new Air Liquide hydrogen fuel cell systems to UK customers UPS Systems to lease three new Air Liquide hydrogen fuel cell systems to UK customers

UPS Systems has signed an innovative distributor agreement with Air Liquide Hydrogen Energy, to offer three new hydrogen fuel cell systems to end-users in the UK. This is a first for the UK market, and part of UPS Systems’ approach to broaden the use of fuel cells in the UK.

Online marketplace for solar PV projects

ProjectForum4t2 has launched an online international marketplace for solar photovoltaic (PV) project rights and existing systems.

UK launches renewable heat incentive

The UK Government has launched a £860 million renewable heat incentive (RHI) making payments to household available from October 2012.

Middle East renewables market stimulated by new venture

International clean technology asset management group I2BF has opened an office in Dubai with the aim of facilitating further investment in the region.

EU publishes 2050 Low Carbon Roadmap

An ambitious vision for Europe’s energy sector over the next 30 years has been published by the European Commission.

Gamesa invests in Indian wind power market

Wind turbine manufacturer Gamesa is expanding its presence in India by building new manufacturing plants and a wind power technology centre.

ITM Power launches Hydrogen On Site Trials at Stansted, first of 21 partner trials ITM Power launches Hydrogen On Site Trials at Stansted, first of 21 partner trials

The UK-based hydrogen generator company ITM Power has got its wide-ranging Hydrogen On Site Trial (HOST) program under way, with a well attended launch event yesterday at its inaugural partner, Stansted Airport.

Hoppecke partners with ReliOn to sell fuel cell products for backup power

Hoppecke Batterien GmbH, a leading German manufacturer of industrial batteries, charging equipment and energy systems, has announced a partnership with US-based ReliOn, a leading provider of high reliability fuel cell solutions for backup power applications.

Suntech net income tripled in 2010

Suntech saw a tripling in net income in 2010 compared to the year before, reaching US$262.3 million.

German biogas project set in motion

Germany-based biofuel company VERBIO has received approval for its second biogas plant to be built in Schwedt/Oder, Germany.

UK feed-in tariff rise ‘will help fuel solar PV demand’

Mitsubishi Electric has welcomed an increase in the UK’s feed-in tariff for solar technology to take into account inflation.

Varied industry responses to UK Carbon Plan

The UK renewable energy and associated industries have voiced varied reactions to the UK’s Carbon Plan, from calling it a “positive first step” to criticising Government for not listening to the industry.

China could have 26.7% renewable energy by 2030 China could have 26.7% renewable energy by 2030

Renewable energy could supply 26.7% of China’s energy consumption by 2030, although the more probable middle scenario sets the share at 20-22%, according to the Centre for Renewable Energy Development (CRED).

UK action plan for low-carbon energy and climate change measures

The UK Government has published a Carbon Plan setting out action points and deadlines to reduce carbon emissions and increase the use of low-carbon and renewable energy sources.

Huhne: Renewable energy key to UK’s energy future

The UK’s Energy Minister has outlined a low-carbon plan for the UK but will not back a specific renewable technology.

Latin America and Caribbean poised for renewable growth

Delegates at a renewable energy conference for Latin America and the Caribbean have called for investment into the region.

Italian solar PV feed-in tariff agreement postponed

Feed-in tariffs for the Italian solar photovoltaic (PV) industry will only remain stable until the end of May but the solar market will not be capped.

Going to Hannover Fair? Get your free ticket

As part of a media partnership deal with the forthcoming Hannover Fair, we have managed to secure complimentary tickets for our readers...

Flexible French FiTs: Higher biogas - lower PV tariffs coming

In late February, the French Government proposed to substantially raise feed-in tariffs for biogas, while dropping tariffs for solar photovoltaics (PV) by an equivalent amount.

EU experts focus on renewable heating and cooling

The Smart Cities initiative emphasises the importance of heating and cooling with renewable energy in Europe.

BlackRock launches renewable investment group with NTR

The two companies have agreed to form a specialist infrastructure development team for renewable energy.

New global investment in renewable energy hit US$243bn in 2010

Global offshore wind and solar energy markets continued to grow steadily last year, according to Ernst & Young.