SPAIN HYDROPOWER, IRRIGATION RESERVES RISE AGAIN
MADRID, Jan 4 (Reuters) - Spain has more water stored than a week ago to generate hydropower and irrigate crops and thus ease its heavy dependence on gas and grain imports, the latest official data showed on Tuesday.
Rainfall in 2010 was heavier than usual and total water reserves in Spain are at 74.5 percent of capacity , or comfortably above a 10-year average of 55.1 percent, the Ministry for the Environment and Rural Affairs said in a bulletin.
EU WILL SURPASS 20 PCT GREEN ENERGY GOAL -REPORT
BRUSSELS, Jan 4 (Reuters) - The European Union will exceed its target of meeting 20 percent of its energy needs from renewable sources by 2020, a report by the European Wind Energy Association (EWEA) said on Tuesday.
Of the bloc's 27 member states, 25 expect to meet or exceed their national targets, EWEA said, based on its analysis of national action plans submitted by EU governments to the European Commission.
SINOVEL WIND TO RAISE UP TO $1.4 BLN IN SHANGHAI IPO
SHANGHAI, Jan 4 (Reuters) - Sinovel, China's top wind turbine producer, plans to raise up to $1.4 billion in one of the most expensive main board IPOs in Shanghai, hoping to ride high on the back of strong demand for Chinese renewable energy stocks. Sinovel Wind Group Co, which unveiled the indicative price range for its IPO on Tuesday, looks poised to become China's first major IPO of the year and follows a bumper 2010 for IPOs in Asia.
Still, the Sinovel listing may well be a test for China's IPO market, which had a mixed performance late last year with some firms such as China's No. 3 wind company Huaneng Renewables Corp scrapping plans to list in Hong Kong due to market volatility.
S.KOREA PRESIDENT SAYS TO NURTURE SOLAR, WIND, NUCLEAR POWER
SEOUL, Jan 3 (Reuters) - South Korea, heavily dependent on energy imports, will strengthen its new and renewable energy sectors, President Lee Myung-bak said on Monday.
Asia's fourth-largest economy expects its new and renewable energy sectors to achieve exports of $40 billion in 2015, compared with $4.6 billion in 2009, with the government to set up four or five test beds for solar and wind power generation in 2011 with an investment of 20 billion won ($17.7 million).
VESTAS GETS 240 MW ORDERS IN POLAND, GERMANY
COPENHAGEN, Dec 30 (Reuters) - Danish wind turbine manufacturer Vestas won orders from Poland and Germany for turbines with total capacity of 240 megawatts, the company said on Thursday.
An order for 70 units of Vestas' V90-2.0 MW turbines for a wind power project in Poland was placed by Germany's Prokon Energiesysteme GmbH, Vestas Wind Systems A/S said in a statement.
ISRAELI FIRM INAGURATES 2 MW SOLAR PROJECT
JERUSALEM, Dec 29 (Reuters) - A subsidiary of holding company Israel Corp said it had inaugurated a 2 megwatt solar energy project, the country's largest private solar field, to supply power to residents of southern Israel.
The Infrastructure Ministry also announced on Wednesday it would issue five new tenders next month to build solar fields in Israel's Negev desert to produce a total of nearly 50 MW.
VESTAS 2010 CHINA ORDERS HIT HIGH IN 2010
COPENHAGEN, Dec 29 (Reuters) - Danish wind turbine maker Vestas said its orders from China this year reached a record high as the country invests more heavily in clean energy, including wind power.
China became the world's biggest wind turbine market in 2009 when energy infrastructure markets in the West were depressed, and Chinese manufacturers have in the past few years climbed into the ranks of the top turbine suppliers, rivalling Vestas, GE and other established players.
S.KOREA SETS REQUIRED BIO-DIESEL MIX RATE FROM 2012
SEOUL, Dec 29 (Reuters) - South Korea, the world's No.5 oil importer, set its required bio-diesel mix rate system at 2 percent from 2012, the government said on Wednesday.
Asia's fourth-largest economy also unveiled details of a Renewable Portfolio Standard (RPS), for which a government bill was approved in March, requiring 14 state-run and private power utilities to boost supplies of renewable energy from 2012.
SIEMENS TO SUPPLY WIND TURBINES TO BUFFETT SUBSIDIARY
NEW YORK, Dec 28 (Reuters) - Siemens will supply 258 wind turbines to Warren Buffett's MidAmerican Energy Co as part of a massive Iowa wind farm expansion.
Germany-based Siemens said on Tuesday the order is its largest to date for an onshore wind project.
S.KOREA SAYS TO SPEND $42.6 BLN ON POWER PLANTS BY 2024
SEOUL, Dec 28 (Reuters) - South Korea plans to invest 49 trillion won ($42.6 billion) on power generation, including 14 nuclear power plants, by 2024 in a bid to meet growing power demand, the government said on Tuesday
Total power consumption is forecast to grow 1.9 percent each year on average until 2024, the Ministry of Knowledge Economy said in a statement.
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