FIRSTENERGY TO BUY 100 MW FROM IBERDROLA RENEWABLES
Feb 8 (Reuters) - FirstEnergy Corp said its unit will buy 100 megawatts (MW) of output from the 304-MW Blue Creek Wind Farm in Ohio, being built by Iberdrola Renewables, a unit of Spain's top power utility Iberdrola .
Akron, Ohio-based FirstEnergy's subsidiary FirstEnergy Solutions will buy the output for 20 years, beginning October 2012, the company said in a statement.
ITALY POWER DEMAND DOWN 0.6 PCT IN JAN -TERNA
MILAN, Feb 8 (Reuters) - Power demand in Italy fell 0.6 percent year-on-year in January to 27.8 billion kilowatt hours, Italian grid operator Terna said on Tuesday.
Demand in January fell 1.2 percent if the monthly figure was adjusted for the average temperature and for the number of working days, Terna said in a statement.
EUROPE POWER-FORWARDS EASE ON WEAKER FUEL PRICES
PARIS, Feb 8 (Reuters) - European electricity prices for 2012 delivery continued to ease on Tuesday, pushed lower by a drop in oil and gas prices, traders said.
French prices for 2012 baseload fell 35 cents to 52.90 euros per megawatt hour in the over-the-counter market while the benchmark German contract fell by 70 cents to 51.55 euros.
MORE GREEN SHOOTS TO LIFT RENEWABLES SECTOR
COPENHAGEN/FRANKFURT, Feb 8 (Reuters) - The outlook for renewable energy groups might be lighting up enough to give investors an opportunity to benefit from the struggle against climate change.
Danish wind turbine maker Vestas , Norwegian solar industry group Renewable Energy Corp and French renewable energy producer EDF Energies Nouvelles are set to send signs of hope for 2011 when they post results on Wednesday.
SUNTECH SUPPLIES 115 MW SOLAR PANELS TO ITALY FIRM
MILAN, Feb 8 (Reuters) - China's Suntech Power Holdings Co Ltd said it would supply 115 megawatts of photovoltaic panels to Italian company Enerpoint, which will install them mostly in Italy in 2011 and 2012.
The panels, which convert sunlight into power, will produce about 150 million kilowatt hours of power a year, enough to meet the demand of about 60,000 families and cut carbon dioxide (CO2) emissions by 75,000 tonnes a year, Suntech said on Tuesday.
BRITAIN LIKELY TO CUT SOLAR POWER SUPPORT
LONDON, Feb 7 (Reuters) - Britain said on Monday it would cut support for large solar power plants before the summer and all installations from April 2012, if a review showed subsidies were driving too rapid uptake, as expected.
Britain launched last April a price premium for electricity generated from small-scale renewable sources, called a feed-in tariff (FIT), but the government is now concerned big installations may mop up money meant for homes and communities.
UK REVIEWS SUPPORT FOR LARGER SOLAR POWER PLANTS
LONDON, Feb 7 (Reuters) - Britain will on Monday announce a review of subsidies for larger scale solar power plants, said a spokeswoman at the department for energy and climate change.
The move aimed to shift a focus away from larger installations, under a support scheme launched last April and which currently pays a premium for electricity produced from installations up to 5 megawatts (MW).
U.S. DOE SEEKS TO CUT SOLAR COSTS BY 75 PCT
NEW YORK, Feb 4 (Reuters) - The U.S. Department of Energy said on Friday it will spend $27 million on a new effort to reduce the costs of solar power by 75 percent by the end of the decade in a bid to make the renewable power source as cheap as fossil fuels.
Energy Secretary Steven Chu dubbed the program a "sun shot" that was patterned on President John F. Kennedy's "moon shot" goal in the 1960s that called for the United States to land a man on the moon.
IBERIA SPOT POWER STEADY, WINDS MATCH DEMAND FALL
MADRID, Feb 4 (Reuters) - Iberian prompt wholesale power prices were virtually unchanged on Friday as forecasts cheap supplies of wind power would dwindle matched predictions that demand would also decline.
National grid operator REE forecast demand for power in Spain, which takes up 85 percent of the Iberian Electricity Market (Mibel), would fall to 740 gigawatt-hours on Saturday from 801 GWh on Friday.
GREECE'S PPC PUSHES ON WITH GIANT SOLAR PARK PLAN
ATHENS, Feb 4 (Reuters) - Big photovoltaics operators have until March 31 to express their interest in joining a giant, 200 megawatt solar panel park project in northern Greece, the country's biggest utility PPC said on Friday.
PPC is looking for a strategic partner to help finance the 600 million euro ($818 million) plan, the company said in an invitation published in the Financial Times.
GERMAN POWER CAPACITY TO RISE 1.5 PCT IN WEEK
FRANKFURT, Feb 4 (Reuters) - German power plant availability reported by producers and transmission firms to energy exchange EEX is set to rise 1.4 percent to 64,314 megawatts (MW) in the seven days to Feb. 11, data from the bourse showed on Friday.
The EEX on its website issues transparency data from German generators, grid operators and small plants below 100 MW, as well as live production forecasts on an aggregated basis.
EDP'S IBERIAN POWER DISTRIBUTION UP 4.1 PCT IN 2010
LISBON, Feb 4 (Reuters) - Portuguese power company EDP said its energy distribution volumes in Portugal and Spain rose 4.1 percent last yearr, boosted by rising demand from industry.
The volume of electrical energy distributed in Portugal rose 4.4 percent to 51,616 gigawatt hours (GWh) thanks to capacity additions by large industrial clients, the company said in a statement late on Thursday.
5N PLUS AGAIN BOLSTERS FIRST SOLAR SUPPLY DEALS
OTTAWA/BANGALORE, Feb 3 (Reuters) - Metals producer 5N Plus Inc said on Thursday it has again expanded supply agreements with key customer First Solar Inc and it plans to build a solar cell byproducts recycling plant in Malaysia to meet growing customer demand.
The news lifted 5N Plus shares as much as 11 percent to a two-year high on the Toronto Stock Exchange on Thursday.
SUMITOMO TO BUY ITALIAN SOLAR POWER PLANTS - NIKKEI
Feb 4 (Reuters) - Japanese trading house Sumitomo Corp will buy 85 percent stake in a German solar power firm's Italian susidiaries, in a deal of about 5 billion yen, the Nikkei business daily reported.
Under the terms of the deal, Sumitomo will acquire ownership of 10 solar farms in southern Italy, with a combined capacity generation of 9,700 kw, the paper said.
RENEWABLES CAN MEET WORLD ENERGY NEEDS BY 2050-WWF
LONDON, Feb 3 (Reuters) - All but five percent of the world's energy needs could be met from renewable sources by 2050, a report by conservation group WWF and energy consultancy Ecofys showed on Thursday.
In 2050, total energy demand could be 15 percent lower than in 2005 due to ambitious energy saving measures even though population, industrial output, freight and travel will increase, the report said.
GREENGATE CLEAN POWER CREDIT DEAL APPROVED
OTTAWA, Feb 2 (Reuters) - Greengate Power Corp said on Wednesday the California Public Utilities Commission has approved its sale of renewable energy credits from its first two Alberta wind farms to Pacific Gas and Electric Co.
Under terms of the 20-year, fixed-price agreements, Pacific Gas will purchase all the credits associated with the expected 1,400 gigawatt hours of renewable power generated annually at the projects, Greengate said.
EDP RENEWABLES 2010 WIND POWER OUTPUT UP 32 PCT
LISBON, Feb 2 (Reuters) - EDP Renewables , the wind energy subsidiary of Energias de Portugal , said on Wednesday its power generation jumped 32 percent to 14,352 gigawatt hours (GWh) in 2010 from a year earlier.
EDPR, the world's fourth-largest wind energy company in terms of installed capacity, said output grew 33 percent in Europe, while the company's U.S. operations posted an output rise of 30 percent.
GERMANY, POLAND WANT EU TO STRENGTHEN ENERGY MARKET
BERLIN, Feb 2 (Reuters) - German Chancellor Angela Merkel and Polish Prime Minister Donald Tusk urged the European Commission to strengthen the EU internal energy market as apart of a long-term initiative until 2050.
The two heads of government advocated Brussels take action in a letter to EU Commission President Jose Manuel Barroso and European Council President Herman van Rompuy obtained by Reuters on Wednesday, prior to this week's EU energy summit on Feb. 4.
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