Thursday, October 28, 2010

20101028 0911 Renewable Energy Related News.

Despite this is not related to FKLI or FCPO, the below news is just for sharing purpose as I think our country Malaysia possess a high potential in this industry.

CHINESE FIRM EYES NORWAY'S SOLAR FIRM ELKEM-SOURCES
HONG KONG, Oct 26 (Reuters)- China National BlueStar, a state-run specialty chemicals company backed by U.S. private equity firm Blackstone Group , is in talks to acquire part or all of Norwegian solar silicon product maker Elkem AS, according to three sources familiar with the matter.
An Elkem takeover could cost BlueStar around $1 billion based on the Norwegian company's financial figures and analysts notes.

INDIA AIMS TO ADD 35 GW CLEAN ENERGY BY 2015 - OFFICIAL
NEW DELHI, Oct 26 (Reuters) - India aims to add about 35 gigawatts of renewable power generation capacity by 2015, a top official said on Tuesday, at an investment of about $55 billion as the country seeks to cut a power deficit and carbon emissions.
Most of the investment has to come from private firms, said Debashish Majumdar, head of Indian Renewable Energy Development Agency. India's current generation from renewables is 16.5 GW.

U.S. APPROVES WORLD'S BIGGEST SOLAR POWER PROJECT
WASHINGTON, Oct 25 (Reuters) - The world's biggest solar plant that plans to provide power to more than 300,000 homes in southern California was approved by the U.S. Interior Department on Monday.
The $6 billion, 1,000-megawatt project, a joint venture of Solar Millennium AG  and Ferrostaal AG, will be located on federal lands near Blythe, in the southern tip of California.


INTERVIEW-SOLAR SEEN KEY TO GULF'S RENEWABLES EFFORT
ABU DHABI, Oct 25 (Reuters) - Promoting solar energy in the Gulf, which has one of the world's biggest carbon footprints, will be a priority for the International Renewable Energy Agency (IRENA), its new interim director-general said.
Securing Saudi Arabia's participation in the intergovernmental organisation will also be a major target, IRENA's Adnan Amin told Reuters in an interview on Monday, adding that he hoped the world's largest crude oil exporter would become a signatory by next April.

SPAIN'S GAMESA SAYS TO BUILD OFFSHORE WIND FACTORY IN UK
LONDON, Oct 25 (Reuters) - Spain's Gamesa  will open an offshore wind turbine factory and research centre in Britain, creating more than 1,000 direct jobs, the company said on Monday.
The company will invest 150 million euros until 2014 and base the global headquarters of its offshore division in London, Gamesa said, confirming a report from Reuters earlier this month.

S.AFRICA TO INVEST $115 BLN IN POWER -ZUMA
ERMELO, South Africa, Oct 23 (Reuters) - South Africa plans to spend more than 800 billion rand ($115 billion) on power generation infrastructure in the next few years to encourage more foreign investment, President Jacob Zuma said on Saturday.
"We are poised to spend more than 800 billion rand on infrastructure in the next few years," Zuma said at a ceremony to mark the recommissioning of national power utility Eskom's [ESCJ.UL] Camden power station.

INTERVIEW-KENYA HAS $400 MLN IN PLEDGES FOR GEOTHERMAL
NAIROBI, Oct 22 (Reuters) - Kenya's Geothermal Development Company (GDC) said on Friday it has pledges worth $400 million, 40 percent of the amount it needs for a 10-year plan during which it intends to produce 2,000 megawatts (MW) of steam.
"There is a lot of excitement in terms of the support that we are getting from outside," GDC Managing Director Silas Simiyu told Reuters. "When we came up with our business plan and we talked of 5,000 MW by 2030, it was thought that the plan was very ambitious."

INTERVIEW-LDK SOLAR SEES STRONG 2011 ORDER BOOK
SHANGHAI, Oct 21 (Reuters) - Solar wafer manufacturer LDK Solar  has a strong order book for 2011 as global demand remains strong and is likely to revise up its full-year revenue target.
Chairman and chief executive Peng Xiaofeng, 35, one of the world's youngest billionaires, told Reuters in a telephone interview on Thursday that sales to China would reach 50 percent of its total in the next two years from 30 percent.

OFFSHORE WIND MKT SEEN DOUBLING IN 2010-CONSULTANT
COPENHAGEN, Oct 20 (Reuters) - The global offshore wind turbine market is expected to almost double this year after record growth last year and is seen expanding briskly to 2015, Denmark's MAKE Consulting said on Wednesday.
Last year the offshore turbine market grew by 80 percent from 2008, with 620 megawatts of capacity installed and the total installed base rising above 2 gigawatts, the wind energy specialist said in a preview of a new report.

ANALYSIS-INVESTORS LOOK BEYOND SOLAR MODULES
LOS ANGELES, Oct 20 (Reuters) - Rapid growth in the U.S. solar power industry and rising share prices of panel makers have shone a spotlight on consolidation in the sector, but deals are most likely for companies that build renewable power plants or make the panels more efficient.
Large established companies such as First Solar  and SunPower Corp  will be leading the charge, analysts say.

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