OBAMA SETS 2035 CLEAN ENERGY MANDATE TO BOOST JOBS
WASHINGTON, Jan 25 (Reuters) - President Barack Obama will set a goal for U.S. power plants to produce 80 percent clean electricity by 2035 in his State of the Union address on Tuesday to help boost the economy and create jobs.
Obama will say clean coal and natural gas, two fossil fuels that have not often been considered forms of clean energy, would be needed to meet that goal.
FRENCH FARMERS TURNING TO RENEWABLE ENERGY
IGNEY, France, Jan 21 (Reuters) - An increasing number of farmers will try to claim a share of France's renewable energy sector to help cope with farm price volatility and counter environmental criticism that has tarnished their rural image.
Solar, wind and biomass energy are taking off in France in the wake of national and European energy targets. Farmers see them as a potential source of steady income amid erratic commodity prices, a way of cutting costs and a riposte to an image of farms as polluting.
ICELAND SEEKS MAGMA TALKS ON ORKA STAKE, LEASE
REYKJAVIK/VANCOUVER, Jan 25 (Reuters) - Iceland said on Tuesday it would hold talks with Canada's Magma Energy Corp on increasing its stake in HS Orka either by buying back shares in the Icelandic geothermal company or shortening Magma's lease.
The government said in a statement it wanted to hold discussions with Magma, a small Vancouver-based geothermal company, about shortening the 65-year lease that Magma has on the right to exploit geothermal energy on the volcanic island.
FRANCE TO INVEST $14 BLN IN OFFSHORE WIND PROJECTS
SAINT-NAZAIRE/PARIS, France, Jan 25 (Reuters) - France unveiled on Tuesday a 10 billion euro ($13.6 billion) plan to build its first offshore wind project in a bid to catch up with European neighbours in the development of renewable energy.
France, which produces 74 percent of its electricity from nuclear power plants, will build 600 offshore wind turbines with a total capacity of 3,000 megawatts, said President Nicolas Sarkozy, adding they would be built in the western regions of Loire-Atlantique, Brittany and Normandy.
SWISS ALPIQ TO EXPAND ITS WIND FARM IN BULGARIA
SOFIA, Jan 25 (Reuters) - Swiss energy firm Alpiq will invest about 36 million euros ($49.02 million) to expand its wind farm in Bulgaria and boost its installed capacity to 72.5 megawatts, the company said on Tuesday.
Alpiq put in operation 20 wind turbines with a total output of 50 megawatts near the city of Kazanlak, some 200 km east of Sofia in November last year. The new nine turbines should be ready by the end of 2011.
S.KOREA FIRMS TO RAISE RENEWABLE ENERGY INVESTMENT-GOVT
SEOUL, Jan 25 (Reuters) - South Korea, heavily dependent on energy imports, said on Tuesday domestic firms were likely to beef up investment in renewable energy businesses this year to double their exports of products in the sector.
About 100 firms in Asia's fourth-largest economy are expected to invest 4.5 trillion won ($4.03 billion) in renewable energy this year, up 23 percent from the previous year, the Ministry of Knowledge Economy said in a statement.
HYUNDAI HEAVY TO DOUBLE INVESTMENT ON RENEWABLE ENERGY
SEOUL, Jan 25 (Reuters) - Hyundai Heavy Industries , the world's largest shipbuilder, will double its investment in the renewable energy business during the next three years, mostly for solar power products, a company spokesman said.
"We have an investment plan to spend around 1 trillion won for about the next three years," the spokesman said, compared with 500 billion won ($447.2 million) during the past three years.
ENEL GP TO SEARCH FOR GEOTHERMAL POWER IN TURKEY
MILAN, Jan 24 (Reuters) - Enel Green Power , Italy's biggest renewable energy company, has agreed a deal to develop geothermal energy in Turkey as the group moves to expand.
Enel Green Power (EGP) said on Monday it has reached an agreement with the Uzun group to set up a company that will hold 142 exploration licenses to explore for geothermal resources in the west of Turkey.
U.S. GEOTHERMAL, ENBRIDGE MAY PARTNER AGAIN
LOS ANGELES, Jan 21 (Reuters) - U.S. Geothermal Inc is in talks with Canada's Enbridge Inc about a second equity investment in one of the company's geothermal power plants, Chief Executive Dan Kunz said in an interview.
Enbridge, Canada's No. 2 pipeline company, is beefing up its renewable power business and last year paid $23.8 million for a 20 percent stake in U.S. Geothermal's Neal Hot Springs project in Oregon.
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