JAPAN'S MARUBENI BUYS STAKE IN CANADA WIND FARM
VANCOUVER, British Columbia, Jan 11 (Reuters) - Marubeni Corp has bought a 49 percent stake in a wind farm being built in the Canadian province of Ontario, the Japanese trading house said on Tuesday.
Marubeni bought the stake in the Raleigh Wind Energy Center, a 78-megawatt wind energy project located in southwestern Ontario, from Invenergy, a privately owned, Chicago-based company.
BARCLAYS CUTS ENERGY CONVERSION TO UNDERWEIGHT
Jan 11 (Reuters) - Barclays downgraded Energy Conversion Devices Inc to "underweight" from "overweight" citing risks from exposure to changing renewable energy policies in European markets.
"Increasing risks to sustainability of policies in key markets (France, Italy) along with incremental risk of pricing pressure from crystalline silicon segment warrant a more cautious view", the brokerage said in a research note.
CLEAN ENERGY INVESTMENT HITS RECORD $243 BLN-REPORT
LONDON, Jan 11 (Reuters) - Investment in clean energy soared to a new record of $243 billion in 2010, driven by activity in China, in offshore wind and in European rooftop solar power, a report said on Tuesday.
In 2010, investment in low-carbon forms of energy rose 30 percent from $186.5 billion in 2009. It doubled the figure recorded in 2006 and was nearly five times higher than the 2004 level, the report by Bloomberg New Energy Finance said.
RAINS LIFT SERBIA'S 2010 HYDRO OUTPUT TO A RECORD
SARAJEVO, Jan 11 (Reuters) - Serbian power monopoly EPS said rainfall and good management of hydro power plants lifted its 2010 hydro power output to record levels, 20 percent above the annual target and 12 percent more than 2009.
"Though overhauls at two hydro power plants caused outages throughout 2010, the hydro power output hit a record of 12.5 billion kilowatt-hours due to good hydrology and operational readiness of plants on the Sava and Dunav Rivers," EPS said in a statement on Tuesday .
RENEWABLE ENERGY GROUP IRENA SEES BIG BUDGET RISE
ABU DHABI, Jan 11 (Reuters) - The International Renewable Energy Agency (IRENA) is seeking a more than ten-fold increase in its annual budget to promote sustainable energy, its interim director-general said on Tuesday.
"For the type of work we are thinking about, the optimal budget is about $250 to $300 million," Adnan Amin told reporters. "It is realistic to expect growth in the budget in the medium term."
SUNPOWER IN DEAL TO PROVIDE 711 MW OF SOLAR POWER
LOS ANGELES, Jan 10 (Reuters) - U.S. solar company SunPower Corp said it reached a deal with utility Southern California Edison to provide 711 megawatts of solar power from three separate sites.
The utility, a unit of Edison International , said the agreements will provide enough power for more than 460,000 homes.
SCOTLAND-CHINA SIGN $10 MLN WASTE ENERGY DEAL
LONDON, Jan 9 (Reuters) - Scotland and China signed a $10 million renewable energy technology licensing deal on Sunday, the Scottish government said, as Chinese Vice Premier Li Keqiang began a four-day state visit to Britain.
The contract will allow technology pioneered in Scotland to be used to generate power from domestic rubbish at a plant in China, the government said in a statement.
BLOATED GERMAN SOLAR SECTOR COSTLY FOR POWER MARKET
FRANKFURT/LONDON, Jan 7 (Reuters) - A rush to pump money into subsidised German solar power has bloated the sector and threatens to distort the electricity market.
Cuts to subsidies did not prevent record capacity additions last year and the boom will continue as investors will seek to take last-minute advantage of generous, but fading support.
LDK TO BUY 70 PCT OF US-BASED SOLAR POWER FOR $33 MLN
Jan 6 (Reuters) - Chinese solar firm LDK Solar Co Ltd agreed to acquire a 70 percent stake in U.S.-based Solar Power Inc for about $33 million to enhance module supply for its large-scale projects.
LDK, whose photovoltaic products are used in solar power panels, said it will also purchase certain components of Solar Power's manufacturing equipment and assume control of the module-manufacturing plant in Shenzhen, China.
CHINA TO ADD 38 GW NUCLEAR, 140 GW HYDRO BY 2015
BEIJING, Jan 6 (Reuters) - China will increase its nuclear power capacity by 38 gigawatts and hydropower capacity by 140 gigawatts by 2015, state television quoted the country's top energy official Zhang Guobao as saying on Thursday.
He did not give any forecast for wind power, but said there would be more large-scale windfarms in provinces such as Inner Mongolia and Gansu.
VESTAS SAYS HAD RECORD N.AMERICAN ORDERS IN 2010
COPENHAGEN, Jan 6 (Reuters) - Danish wind turbine maker Vestas Wind Systems A/S had record North American orders for 871 turbines with total capacity of 1,883 megawatts in 2010, rebounding from a dismal 2009, the company said.
The glimpse of the North American order intake comes ahead of full-year 2010 results due on Feb. 9. Vestas had said on Dec. 29 its 2010 orders in China were record high.
S.KOREA PUMPS UP SUPPORT FOR RENEWABLE ENERGY
SEOUL, Jan 6 (Reuters) - South Korea, the world's No.5 crude importer and No.2 liquefied natural gas (LNG) buyer, will boost financial support for the new and renewable energy industry this year by nearly a quarter, the government said on Thursday.
The country has earmarked 1 trillion won ($891.2 million) in support, up from 808.4 billion won last year, for new and renewable energy projects and financing, such as support for building solar and wind power energy facilities, the Ministry of Knowledge Economy said in a statement.
INDIA POISED FOR BIG SOLAR POWER GROWTH-REPORT
LOS ANGELES, Jan 5 (Reuters) - As No. 1 global solar market Germany ratchets down subsidies for solar power this year, investors looking for the next hot market for the renewable energy source should be eyeing India, according to a report by Lux Research.
The report, released on Wednesday, looked at the growth potential of 15 emerging solar markets and found that India has massive potential because of government subsidies, a need for distributed generation and increasing energy demands.
SIERRA CLUB SUES OVER CALIFORNIA SOLAR PLANT
LOS ANGELES, Jan 5 (Reuters) - A leading environmental advocacy group is suing the state of California's Energy Commission over its approval of a giant solar plant, underscoring the growing challenge to the nation's renewable-energy goals from within the environmental community.
The lawsuit, filed Dec. 30 in California's Supreme Court by the Sierra Club, alleges that state regulators improperly approved the plant, known as the Calico Solar Project.
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