Nov 15 (Reuters) - Solyndra LLC, the solar panel maker that went bankrupt after accepting a big U.S. government loan, may have a tough time drumming up sizable bids in an auction of its business this week.
Tepid bidding could reinforce arguments by critics who say the Obama administration rushed a $535 million loan guarantee for Solyndra without properly vetting the company's true value and viability. Active bidding would help generate more money to repay the government.
SPAIN HYDROPOWER, IRRIGATION RESERVES RISE
MADRID, Nov 15 (Reuters) - Spain had more water to produce hydropower and irrigate crops, and potentially ease its hefty dependence on gas and grain imports, the latest official data in the drought-prone country showed on Tuesday. In its latest weekly bulletin, the Ministry for the Environment and Rural Affairs estimated hydropower reservoirs held enough water to generate 11,384 gigawatt-hours, a gain of 202 GWh since last week.
EUROPEAN RENEWABLES CAUGHT IN PERFECT STORM
FRANKFURT, Nov 14 (Reuters) - Three of Europe's top renewable energy companies became the latest victims of a global collapse in prices, massive oversupply and governments slashing subsidies in light of growing debt piles, echoing recent comments from overseas peers. SolarWorld , Q-Cells and Nordex are among the latest renewable energy companies to be hit by a mix of high inventories, slower demand and banks tightening their purses regarding wind parks.
S.AFRICA SEEKS PARTNERS FOR RENEWABLE ENERGY FUND
JOHANNESBURG, Nov 14 (Reuters) - South Africa has made available 800 million rand ($101.6 million) for renewable energy projects and is seeking private partners to manage the fund, Finance Minister Pravin Gordhan said on Monday. "This is government's effort to firstly establish its own renewables fund if you like, and ensure that across government we have a more a coordinated approach towards funding."
KENYAN FIRM PLANS 61 MW WIND POWER FARM
NAIROBI, Nov 14 (Reuters) - Kenyan firm Kinangop Wind Park Ltd plans to generate 60.8 megawatts (MW) of electricity for the national grid by harnessing renewable wind power, it said on Monday. The east African nation relies heavily on hydroelectric dams for power, which have proved inefficient in times of drought.
ORBITAL SOLAR POWER PLANTS TOUTED FOR ENERGY NEEDS
WASHINGTON, Nov 13 (Reuters) - The sun's abundant energy, if harvested in space, could provide a cost-effective way to meet global power needs in as little as 30 years with seed money from governments, according to a study by an international scientific group. Orbiting power plants capable of collecting solar energy and beaming it to Earth appear "technically feasible" within a decade or two based on technologies now in the laboratory, a study group of the Paris-headquartered International Academy of Astronautics said.
S.AFRICA, DRC TO SIGN INGA HYDROPOWER MEMORANDUM
JOHANNESBURG, Nov 11 (Reuters) - South Africa and the Democratic Republic of the Congo will sign an agreement this weekend aimed at kickstarting a stalled $8-$10 billion 5,000 megawatt hydro power project on the Congo River, the Presidency said in a statement. The memorandum of understanding will be signed in the DRC by the two countries' energy ministers, the statement said.
S.KOREA TO POUR $9 BLN IN WIND POWER GENERATION BY 2019
SEOUL, Nov 11 (Reuters) - South Korea, heavily dependent on energy imports, will invest about 10.2 trillion won ($9 billion) in building a 2.5-gigawatt wind power generating complex through 2019 to diversify its energy resources, the Ministry of Knowledge Economy said on Friday. The offshore wind farm project in the southwestern region will be led by state-run Korea Electric Power Corp (KEPCO) and its fully-owned six utilities, a statement from the ministry of knowledge economy said.
CHINA TO ADD OVER 2.0 GW SOLAR POWER CAPACITY IN 2011
BEIJING, Nov 11 (Reuters) - New solar power capacity in China, the world's top energy user, may quadruple from last year to more than 2.0 gigawatts (GW) this year, an official of the research arm of the National Development and Research Commission (NDRC) said on Friday. China's total solar power capacity could reach around 3.0 GW by the end of this year, Li Junfeng, deputy director-general of
the Energy Research Institute of the NDRC, told the China Energy Enterprises Summit Forum.
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