Policy, investment and markets News for June 2012

Policy, investment and markets News Archive

Schott Solar to stop c-Si PV manufacturing within the year

Yet another solar PV manufacturer has announced a scale back in production.

German legislators reach "halfhearted" compromise on solar FIT subsidy support

Germany’s fiercely disputed solar subsidy policy has finally been agreed after federal and provincial governments reached a “compromise” agreement this week, although the industry has dubbed it “halfhearted”.

DOE announces R&D funds to take promising renewable energy technologies to market

The US Energy Department is awarding new funding to the tune of $102 million to 104 small businesses in a bid to help advance cutting-edge clean energy innovations, the country’s Energy Secretary Steven Chu has announced.

Wind farms in Wales face public inquiry

A joint public inquiry will be held into two applications for Section 36 development consent for onshore wind farms in Powys, mid-Wales.

More job losses at Vestas as it closes China factory and restructures Asia businesses

As it continues to grapple with its restructuring plans, Danish wind turbine manufacturer Vestas has announced it is ending production of kilowatt size machines, including its V52-850kW and V60-850kW turbines.

US agency grants $360m to boost overseas renewables

An agency of the US government has approved $360 million in funding for two overseas renewables development schemes, in an effort to bring Western-built technologies to the developing world.

FERC order fails to end discrimination against renewables

New grid connection and transmission rules issued by the Federal Energy Regulatory Commission (FERC) fail to ensure renewable energy plant operators in the US are not discriminated against, says the American Wind Energy Association (AWEA).

Survey time - Win a kindle!

Take part in our readers survey and try and bag a new Kindle reader...

EU commits to “no regrets” 2030 energy policy

The European Union has committed to a “no regrets” long term policy framework to 2030 that would see an increased share of renewables in the energy mix.

Vestas sells turbine tower factory to China’s Titan

Vestas is to sell its Varde wind turbine tower factory to Chinese tower manufacturer Titan Wind Energy, in an agreement that will save the facility from closure.

Samsung, Six Nations agree 250MW Ontario renewables deal

Samsung and Pattern Energy Group have agreed a deal with the Six Nations of the Grand River to build a 250MW solar and wind project in Ontario, Canada.

Iberdrola joint venture bags $182 million investment for Brazilian wind farms

Brazilian bank BNDES has approved a R£138 million (US$182 million)to Iberdrola and Neoenergia to construct 150MW of wind capacity in the Bahia and Rio Grande do Norte regions of Brazil.

JP Morgan syndicate injects $220m into Oklahoma wind farm

A syndicate led by JP Morgan is to invest $220 million into an Oklahoma wind farm, the project’s developers said on Wednesday.

European Commission: renewables growth under threat

Growth in the renewables market will slump unless the EU takes measures now to reduce costs and stimulate investment, the European Commission has warned.

Global investment in renewables up by 17% in 2011

Global investment in renewable power and fuels increased 17% to a new record of $257 billion in 2011, according to a UN report. Developing economies made up 35% of this total investment, compared to 65% for developed economies.

Scottish research centre completes funding with £6.7 million

A flagship renewables research centre has been given the go-ahead, after it was granted a cash injection of £6.7 million from the European Union.

US wind energy leaders meet to try and extend wind production tax credit

Two US cabinet secretaries have met with leaders of the US wind manufacturing, construction and development sectors at the White House recently to discuss extending the Wind Energy Production Tax Credit before Congress goes into recess for the summer.

All Energy launches Scottish smart-grid strategy

A key industry strategy to capitalise on Scotland’s smart-grid expertise has been published by All Energy. The strategy will create thousands of new jobs in Scotland in a bid to secure the country’s place as a leading international provider of Smart Grid technology.