SPAIN HYDRO, IRRIGATION RESERVES UP ON WET WEATHER
MADRID, March 8 (Reuters) - Spain has more water than a week ago to generate hydropower, irrigate crops and make a dent in its hefty gas and grain import bill, the latest official data showed on Tuesday.
Water stocks in drought-prone Spain were 31.3 percent above average levels for the past 10 years, the Ministry for the Environment and Rural Affairs estimated in its latest bulletin.
GROWTH-HUNGRY MAGMA ENERGY TO BUY PLUTONIC POWER
VANCOUVER, March 7 (Reuters) - Magma Energy Corp said on Monday it will buy fellow Canadian clean energy company Plutonic Power Corp for C$190 million ($195.5 million) as it looks for ways to expand and cut its cost of doing business.
Magma, North America's second-largest geothermal energy company, has been hunting for opportunities outside the geothermal sector, which it says has limited growth potential.
ITALY MOVES TO QUELL FEARS OVER SOLAR INCENTIVES
ROME, March 4 (Reuters) - Italy's government rushed on Friday to quell concerns among banks and investors about the impact of new renewable energy rules on funding for the sector, pledging to reach an agreed solution on new solar incentives.
Italy removed a much-feared cap on production incentives for solar power generation in a new renewable energy decree approved on Thursday but included measures which could slow down solar growth.
INDIA RENEWABLES' POTENTIAL HIT BY COSTS-WORLD BANK
NEW DELHI, Feb 11 (Reuters) - India could be producing 25 percent of its power from renewables, but prohibitive costs and regulatory hurdles mean its addiction to coal to fuel rapid growth is set to continue, a World Bank report said on Friday.
India's energy crunch is seen as a potential drag on its economic growth prospects and Asia's third-largest economy has struggled to meet funding and generation targets for the sector.
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.
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.
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