Thursday, April 14, 2011

20100414 1028 Renewable Energy Related News.

POLAND EYES NEARLY 17 PCT IN RENEWABLES IN 2019
WARSAW, April 12 (Reuters) - Poland plans to produce 8.85 percent of its energy from renewable sources this year, up to 13 percent in 2015 and 16.78 percent in 2019, the centre-right government said in a statement on Tuesday.
More than 90 percent of Poland's electricity comes from highly-pollution coal. Warsaw wants to develop nuclear and renewables projects as it tries to align its economy with the European Union's ambitions to cut carbon dioxide emissions.

UK WIND POWER HAS TO SHED COSTS TO DEVELOP-SEAENERGY
LONDON, April 12 (Reuters) - Offshore wind farm construction costs in Britain need to drop by around 30 percent over the next decade if the sector is to develop and help the country meet its green energy targets, a British offshore wind farm developer said on Tuesday.
"If the industry doesn't take off, how else are we going to supply our energy? We don't have the choice, we have to put more renewable energy capacity in place," said Allan MacAskill, business development director for SeaEnergy Renewables, which has permits for developing offshore wind farms in British waters.

HUANENG GROUP TO RAISE CLEAN ENERGY SHARE TO 25 PCT IN 2015
BEIJING, April 12 (Reuters) - Huaneng Group, China's largest power producer, aims to add more clean energy capacity over the next five years and will boost the share of clean energy in its total power installed capacity to 25 percent in 2015, a company official said on Tuesday.
That target is 10 percentage points higher than the 2010 level, said the company's chief economist Wu Dawei, speaking at a forum in Beijing.   

METABOLIX GRASPING FOR PROFITS IN RENEWABLE PLASTICS
NEW YORK, April 8 (Reuters) - Metabolix Inc  is betting biodegradable beach toys and agricultural mulch films will help it revolutionize the plastics industry, though the company's weak financial history is starting to try Wall Street's patience.
Metabolix uses polyhydroxyalkanoate chemicals, or PHAs, to make plastics that decompose naturally. PHAs are found in plant cells and are eaten by bacteria.

GE BETS $600 MLN ON SOLAR, SEES PLANT UP BY 2013
BOSTON/NEW YORK, April 7 (Reuters) - General Electric Co  made a big push in solar power, saying it will invest $600 million to build a new factory as it pursues what it thinks could be an up to $3 billion business by 2015.
The largest U.S. conglomerate, which over the last decade has made itself a leader in renewable energy, said it has designed a thin-film solar panel that converts sunlight to electricity more efficiently than rival products today.

GE SEES NEW U.S. SOLAR PLANT RUNNING BY 2013
BOSTON, April 7 (Reuters) - General Electric Co  aims to have its new U.S. solar-panel plant up and running by 2013, the head of the largest U.S. conglomerate's renewable energy unit said in an interview.
GE earlier said it aimed to invest about $600 million in a U.S. plant that each year would produce solar panels capable of generating 400 megawatts -- enough power to meet the needs of 80,000 homes.

GE PLANS TO BUILD 400 MW SOLAR PANEL PLANT IN US
April 7 (Reuters) - General Electric  said it will build a 400 megawatt solar panel factory in the United States, in the first phase of its plan to become a global solar power major.
Global demand for photovoltaics, which convert sunlight into electricity, is likely to grow by 75 gigawatts over the next five years, GE said in a statement.

GAS PRODUCERS SEEN BENEFITING FROM RENEWABLE SHIFT
CALGARY, Alberta, April 6 (Reuters) - Natural gas will become the world's most used fuel as countries make the transition to renewable sources, and that points to long-term gains in shares of gas producers, a newly established Canadian investment bank said on Wednesday.
In a report, AltaCorp Capital Inc said that without heavy subsidies most renewable energy is currently too expensive to make a major dent in the use of fossil fuels, which could remain the main energy source into the next century.

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