EDP RENEWABLES H1 NET PROFIT MORE THAN DOUBLES
LISBON, July 27 (Reuters) - Portugal's wind power generator EDP Renewables on Wednesday posted a 109 percent rise in first-half net profit, to beat market expectations, after an increase in output and smaller amortisations.
EDPR, the world's fourth-largest wind power company and a unit of Energias de Portugal , said its net profit in January-June totaled 90 million euros ($130.3 million).
ACCIONA H1 BENEFITS FROM STRONG ENERGY BUSINESS
MADRID, July 27 (Reuters) - Spanish energy and construction conglomerate Acciona reported firm growth in first half core profit on Wednesday as strength at the group's renewable energy business offset weak real estate and services.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 19.4 percent to 631 million euros ($913 million), beating a forecast for 610 million euros from a Reuters poll of eight analysts.
Q+A-HOW IS JAPAN'S RECONSTRUCTION PLAN SHAPING UP?
TOKYO, July 27 (Reuters) - Japan plans additional spending of 13 trillion yen ($166 billion) for rebuilding from the world's costliest natural disaster, hoping to spread the spending over five to 10 years to build roads and seawalls and to boost the use of renewable energy.
But analysts worry there may be a substantial delay before reconstruction shifts into high gear as a political deadlock heightens four months after the devastating March 11 earthquake and tsunami, which also triggered a nuclear crisis.
CALIFORNIA'S BROWN SEEKS COOKIE CUTTER SOLAR PERMITS
LOS ANGELES, July 25 (Reuters) - California Governor Jerry Brown on Monday said he wants to push the state's localities to adopt a uniform solar panel ordinance, providing a standard model that would ease the process by which homeowners install solar panels on their rooftops.
"Any time you do something with your house over a certain minor dollar amount, you're supposed to get a permit," Brown said. "So that could take a cookie cutter ordinance."
SUNPOWER TO POST 2ND-QUARTER LOSS, SHARES DIVE
LOS ANGELES, July 25 (Reuters) - SunPower Corp warned on Monday that it lost money in the second quarter because of subsidy cuts in Italy and one-time charges for an inventory writedown, contract cancellations and its strategy of shifting panel sales to areas of greater demand.
The company's shares fell 7.1 percent following the announcement.
DUPONT BUYS SOLAR TECH COMPANY INNOVALIGHT
LOS ANGELES, July 25 (Reuters) - Chemical company DuPont said on Monday it bought solar technology start-up Innovalight Inc in a move to help double sales to the solar industry to $2 billion by 2014.
Financial terms of the deal were not disclosed.
BP SOLAR TO STOP PANEL SALES, FOCUS ON PROJECTS
LOS ANGELES, July 21 (Reuters) - BP Solar is closing its U.S. manufacturing facility and will refocus is business on developing solar power projects rather than making panels for them, a company spokesman said on Thursday.
The Frederick, Maryland, facility had not been producing solar modules since last year, yet 80 employees remained at the office. Some of those employees will be offered positions in Houston, where BP Solar's headquarters moved less than a year ago from San Francisco.
FOTOWATIO SELLS 30 MW ITALY SOLAR FARMS TO MUNICH RE
MILAN, July 20 (Reuters) - Spain's Fotowatio Renewable Ventures has sold four solar power generation plants in Italy with a total capacity of 30 megawatts to insurance group Munich Re , the Spanish company said on Wednesday.
Munich Re, through its asset management arm MEAG, has agreed to buy 100 percent of the assets which would still be managed by Fotowatio's Italian unit, the company said in a statement. It did not disclose financial details of the deal.
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