REC TO BOOST OUTPUT IN 2011, CUT COSTS
OSLO, Nov 2 (Reuters) - Norway's Renewable Energy Corporation boosted its production targets for solar energy components and outlined plans to slash production costs with technology from its new plant in Singapore.
Along with much of the solar industry, REC is ramping up production which is putting pressure on prices, while demand is clouded by reduced state subsidy schemes in key markets.
S.KOREA SAYS TO BUILD $8.2 BLN OFFSHORE WIND FARMS
SEOUL, Nov 2 (Reuters) - South Korea said on Tuesday it would invest 9.2 trillion won ($8.23 billion) by 2019 to build offshore wind farms in its drive to grab a greater slice of the growing global offshore renewable energy market.
South Korea, home to some of the world's top shipyards and offshore plants, hopes the government-led initiative would help it increase exports of offshore wind technologies and raise the portion of renewable energy in its energy mix to a larger extent than conventional on-land projects.
U.S. WIND POWER POSTS SLOWEST QUARTER SINCE 2007
WASHINGTON, Oct 29 (Reuters) - The U.S. wind power industry had its slowest quarter since 2007 in the just-ended third quarter, as investors turned away from the sector after Congress did not pass a renewable power mandate, an industry group said.
The American Wind Energy Association (AWEA) said U.S. developers added 395 megawatts of electricity capacity at wind farms in the third quarter -- the slowest quarter since 2007. Year-to-date installations of 1,634 MW, were down 72 percent versus the same period last year.
UK POWER MARKET REFORMS NEEDED BY END 2011-NAT GRID
LONDON, Nov 2 (Reuters) - Britain needs to decide on what electricity market reforms to implement by the end of next year to ensure it hits its renewable energy targets, UK energy network operator National Grid said on Tuesday.
The government is set to publish an initial consultation on market reform in a few weeks, but delays in turning them into legislation could deter investment in much-needed offshore wind farms and new nuclear power plants.
CZECH GOVT PROPOSES 32 PCT TAX ON CARBON CREDITS
PRAGUE, Nov 2 (Reuters) - The Czech government on Tuesday proposed a 32 percent tax on carbon credits that power producers are set to receive in 2011 and 2012 as the government seeks to limit price hikes resulting from a solar energy boom.
According to the official government proposal, the tax will apply only to generators that produce power for third parties, a condition that means majority state-owned CEZ would shoulder a large part of the burden.
CLIMATE PHENOMENON MAY GRIP EUROPE THIS WINTER
LONDON, Oct 29 (Reuters) - Weather and renewable energy supplies across much of western Europe could be hit this winter by the North Atlantic Oscillation (NAO), a phenomenon that can exert a powerful influence over temperature and rainfall.
Meteorologists say a negative NAO usually points to colder, calmer and drier winters in northern Europe and wetter, windier weather across the Iberian Peninsula and Italy as westerly winds from the Atlantic are pushed south.
UK FIRST TO GREEN IGNORED HEATING SECTOR
LONDON, Oct 28 (Reuters) - Britain's new support scheme for renewable heat, the first of its kind, would mostly benefit small investors and services companies, given a lack of Scandinavian-style heating networks, experts said.
Britain announced last week an 850 million pounds ($1.35 billion) support scheme for renewable heating projects, initially from June 2011 to 2014/2015, against the backdrop of wider spending cuts.
UK WATER MILLS MAKE IT INTO GOVT GREEN SUBSIDIES
LONDON, Oct 28 (Reuters) - Electricity harnessed from old water mills and turbines can now benefit from government green power subsidies in Britain, the Department for Energy and Climate Change announced on Thursday.
Modernised water wheels and turbines are now included in the government's feed-in-tariff (FIT) scheme, which financially rewards small-scale renewable energy projects.
BULGARIA COULD MISS GREEN ENERGY TARGETS-INDUSTRY
SOFIA, Oct 28 (Reuters) - Bulgaria is likely to miss its green energy targets due to unrealistic forecasts for power production from hydropower plants and biomass, an industry report showed on Thursday.
The European Union member has pledged to boost the share of renewable energy to 11 percent of total energy consumption in 2011 and to 16 percent by 2020 and sent to Brussels an action plan outlining how it will hit green power goals.
ITALY RENEWABLE POWER CAPACITY UP 11 PCT IN 2009
MILAN, Oct 27 (Reuters) - Italy's installed capacity of renewable energy generation jumped 11 percent to just above 26,500 megawatts in 2009, driven by a nearly 40 percent spike in wind park capacity, state energy management agency GSE said.
Electricity generated from renewable energy sources accounted for 19 percent of total power consumption in the country last year as Italy aimed to meet a 26 percent target in 2020 under the European Union plan to fight climate change.
UK AWARDS ONE OF TOP WORLD TIDAL POWER PROJECTS
LONDON, Oct 27 (Reuters) - Britain has awarded one of the world's largest planned tidal power projects to a consortium of utility International Power , Morgan Stanley and tidal technology firm Atlantis Resources Corporation.
Britain's Crown Estate said it had retendered the 400 megawatt (MW) project in northern Scotland at the end of March after the previous developer pulled out at the last minute due to over commitment. It provided no details of the company involved.
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