INDIA RELIANCE POWER GETS ORDER FOR 100 MW SOLAR POWER
MUMBAI, Dec 15 (Reuters) - India's Reliance Power said on Wednesday its wholly owned unit has received a letter of intent from NTPC Vidhyut Vyapar Nigam for the purchase of 100 megawatts of solar power.
SPROTT POWER GOES ON GREEN ENERGY BUYING SPREE
VANCOUVER, Dec 14 (Reuters) - Canada's budding renewable power sector has a new kid on the block, sporting a well-known name, deep-pocketed investors and ambitious expansion plans.
Sprott Power Corp, formed under the wing of veteran Bay Street asset manager and investment bank Sprott Inc , said on Monday it plans to buy private wind energy developer Sky Generation for C$28 million ($28 million).
SOLARRESERVE ARIZ. SOLAR PLANT PASSES APPROVAL STEP
BANGALORE, Dec 14 (Reuters) - SolarReserve LLC, a solar energy project development firm, said Tuesday it received environmental permits from Arizona for its proposed 150-megawatt Crossroads solar thermal power plant.
The company said the project, expected to cost about $650 million, would be able to store about 10 hours of solar energy and generate power on demand, even after the sun goes down.
GERMAN OPPOSITION BACKS NEW CUTS FOR SOLAR POWER AID
BERLIN, Dec 14 (Reuters) - Germany's main centre-left opposition parties have backed calls to make further cuts in support for new solar power installations, which may help the government to bring forward reductions in aid.
Both the environmentalist Greens and Social Democrats (SPD), who enacted legislation under ex-chancellor Gerhard Schroeder that created the basis for a boom in solar investment, said they were open to paring back assistance the industry receives.
SOUTH KOREA'S SDN BUILDS 42 MW SOLAR PARK IN BULGARIA
SOFIA, Dec 14 (Reuters) - South Korea's SDN Company launched on Wednesday a 150 million euros ($201.2 million) investment into a 42-megawatt solar energy park in central Bulgaria, the eastern European country's energy minister said on Tuesday.
The park, the biggest photovoltatic energy asset to be built in the Balkan country, is expected to become operational in 2012. It will help Sofia meet its target to boost the share of renewable energy to 16 percent of its total energy consumption by 2020, Energy Minister Traicho Traikov said.
YINGLI TO SELL 220 MW SOLAR MODULES TO GERMANY'S SAG
Dec 14 (Reuters) - China's Yingli Green Energy agreed to sell 220 megawatts (MW) of photovoltaic (PV) modules to Germany-based S.A.G. Solarstrom AG for three years, starting next year.
The contract suggests that the European solar equipment market remains robust though Germany cut subsidies earlier this year and Italy and Czech Republic may follow suit.
POSCO UNIT TO BUILD SOLAR POWER PLANT IN U.S.
SEOUL, Dec 14 (Reuters) - The energy unit of South Korea's POSCO said on Tuesday that it plans to build the world's biggest solar power plant with capacity of 300 megawatts in the United States by 2014.
The unlisted affiliate POSCO Power will form a joint venture with Sustainable Energy Capital Partners (SECP), a U.S., California-based developer of renewable energy projects, to construct the plant in Boulder City, Nevada, with a goal to supply solar power to 60,000 households in Nevada, POSCO Power said in a statement.
TEXAS SETS WIND POWER RECORD EVEN AS GROWTH SLOWS
HOUSTON, Dec 13 (Reuters) - Texas set a record for wind-power output over the weekend even as wind-farm expansion slows, the state grid operator said on Monday.
The amount of electricity produced from wind farms early on the morning of Dec. 11 set a record at 7,227 megawatts, more than 76 percent of the 9,467 MW of installed wind capacity in the Electric Reliability Council of Texas (ERCOT).
US SENATE BILL INCLUDES CLEAN ENERGY GRANT RENEWAL
WASHINGTON, Dec 10 (Reuters) - The compromise tax package unveiled by Senate Democrats late Thursday includes a one-year extension of a popular renewable energy grant program, which supporters say is vital for the clean energy sector.
The potential extension of the program, which allows solar, wind and other renewable companies to receive cash grants in lieu of tax credits, was cheered by green energy groups.
SOLAR-SAVVY HOUSEHOLDS OUTSMART GERMAN UTILITIES
FRANKFURT, Dec 10 (Reuters) - German households are becoming unlikely competitors to giant utilities such as E.ON AG and RWE AG , as the rapid growth of solar generation grabs market share and pushes down peak power prices.
The German support scheme for solar power facilities has been so successful that households with solar panels on their roofs are set to take a significant share of the country's power market, except during winter, at the expense of large providers.
GERMAN SOLAR LOBBY OPEN TO MOVING FORWARD CUTS
BERLIN, Dec 10 (Reuters) - Germany's BSW solar industry association lobby will constructively accompany considerations to move forward some solar support cuts to mid-2011 from 2012, BSW managing director Carsten Koernig told Reuters on Friday.
Koernig said it would not be easy for some German companies but the association is interested in a sustained support system for the fast-growing sector and opposed to any cap.
ENELGP GETS $580.8 MLN LOAN TO EXPAND IN ITALY
MILAN, Dec 10 (Reuters) - Italy's biggest renewable energy company, Enel Green Power (EGP) , will get a 440 million euro ($580.8 million) loan from the European Investment Bank (EIB) to help it expand in Italy, the company said on Friday.
The 20-year loan, which may be raised to 600 million euros, will help EGP fund installation of 840 megawatts of new wind and photovoltaic capacity, EGP , controlled by Italy's biggest utility Enel , said in a statement.
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