Wednesday, December 7, 2011

20111207 1632 Renewable Energy Related News.

PGE EYES WIND FARM BUYS IN NORTH SEA - SOURCES
WARSAW, Dec 6 (Reuters) - Poland's largest utility PGE  is eyeing takeovers of wind farm projects in the North Sea and is in the process of picking an
advisor on acquisitions, two independent market sources told Reuters on Tuesday.
"It concerns projects (around the North Sea coasts of) Great Britain and Germany with a joint value of around 200 million euros ($269.4 million)," one of the
sources familiar with the matter said.

CHINA'S GREEN REVOLUTION TO KEEP GROWING-IEA
PARIS, Dec 6 (Reuters) - China will install wind and solar power capacity equivalent to 180 nuclear power reactors in the next 10 years to meet its growing
energy needs, the International Energy Agency said on Monday, citing its latest estimate.    
Fatih Birol, chief economist at the IEA, also told Reuters that one in two of all hybrid cars or cars powered with natural gas or electricity will be sold in
China in the next 20 years, even without a binding climate agreement.

VESTAS GETS 168 MW TURBINE ORDER IN AUSTRALIA
COPENHAGEN, Dec 6 (Reuters) - Denmark's Vestas , the world's biggest maker of wind turbines, said late on Monday it had won a 168 megawatts turbine order for
a project in Australia.
Vestas Wind Systems A/S said in a statement the order is for 56 units of its V90-3.0 megawatt turbine for the Musselroe Wind Farm project to be constructed
in Tasmania.

SOLAR STARTUP MIASOLE SEEKING A PARTNER -CEO
LOS ANGELES , Dec 5 (Reuters) - Thin film solar company Miasole is seeking a partner to help support its growth plan, but plans to remain a standalone
company for now, its new chief executive said on Monday.
With less than a week on the job, former First Solar Inc  executive John Carrington said Miasole is among the solar companies being looked at by large
strategic investors.

FIRST RESERVE, RENOVALIA CREATE $1 BLN WIND VENTURE
LONDON, Dec 5 (Reuters) - Energy specialist private equity firm First Reserve and Spanish group Renovalia Energy have created a new joint venture for
investing in wind farm projects in Europe and North America, the companies said on Monday.
First Reserve is to put $150 million of equity into the joint venture, Renovalia Reserve. When matched by Renovalia and leveraged, the venture could have
about $1 billion to spend on renewable energy projects, a person familiar with the situation said.

CHINA SAYS U.S. SOLAR RULING SMACKS OF PROTECTIONISM
SHANGHAI, Dec 4 (Reuters) - China said it was "deeply concerned" about a preliminary ruling by a U.S. trade body that trade practices by Chinese solar makers
are hurting U.S. producers and said the decision underscored a U.S. "inclination to trade protectionism".
Such protectionism measures would hurt bilateral trade and jeopardise mutual cooperation on new energy issues, the Commerce Ministry said in a statement on
its website.

PERU POWER DAMS WORRY NGOS EVEN AFTER DELAYS
Dec 2 (Reuters) - Peruvian NGOs and indigenous groups said on Friday they would continue fighting proposed dams in the Amazon despite growing signs the
projects will be delayed or perhaps never built.
The former presidents of Peru and Brazil signed a 50-year bilateral energy agreement in June of 2010 requiring Peru to produce up to 72,00 megawatts of
hydropower, much of it to be exported to neighboring economic giant Brazil.

GIANT LABRADOR HYDROPOWER DAM DEADLINE EXTENDED
Dec 1 (Reuters) - Canadian energy companies Nalcor Energy and Emera Inc  agreed to extend the Nov. 30 deadline to finalize their agreement to partner on the
giant C$6.2 billion Muskrat Falls hydro power project in Labrador.
The companies said this week they would extend the deadline until Jan. 31, 2012.  

NATIONAL SOLAR TO BUILD 200 MW SOLAR ENERGY FARM IN FLORIDA
Nov 30 (Reuters) - National Solar Power said it will spend $700 million to     develop a 200-megawatt solar farm in Florida's Hardee County, making it the
company's second project in the state that has one of the highest per-capita electricity demand in the country.
The utility-scale solar power provider plans to build 10 200-acre farms, each costing $70 million. Its first Florida project is in the Gadsden County.

KENYAN KENGEN RAISES $920 MLN FOR GEOTHERMAL PLANT
YAOUNDE, Nov 30 (Reuters) - Kenya Electricity Generating Company (KenGen) , the country's main power producer, has raised $920 million in loans for a 280
megawatt (MW) geothermal project, the company's managing director said on Wednesday.
"We have just accessed some $920 million concessionary funding for a 280 MW geothermal project," Edward Njoroge told reporters at a regional energy
conference in Yaounde, Cameroon.

SOLARCITY REVIVES MILITARY HOMES SOLAR PROJECT
Nov 30 (Reuters) - Solar power developer SolarCity and Bank of America Merrill Lynch  will go ahead with a plan to build more than $1 billion in new solar
projects on military housing, despite their failure to win a U.S. loan guarantee.
The project, named "SolarStrong," aims to put about 300 megawatts of solar generation on 120,000 military housing units over five years.

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