VESTAS KEEPS 2011 OUTLOOK DESPITE Q1 LOSS
COPENHAGEN, May 4 (Reuters) - Wind turbine manufacturer Vestas reported a bigger-than-forecast operating loss for the first quarter, with orders below expectations, and forecast a breakeven result for the first half of this year.
The loss before interest and tax at the Danish company was 69 million euros ($102.2 million) in January-March against a loss of 39 million in the first quarter last year.
WACKER CHEMIE RAISES PROFIT OUTLOOK ON STRONG DEMAND
FRANKFURT, May 4 (Reuters) - Strong demand from the solar and semiconductor industries buoyed first-quarter results of German specialty chemical group Wacker Chemie , leading the company to hike its profit outlook for the ongoing year.
"Customer demand remains high at all divisions," Chief Executive Rudolf Staudigl said in a statement on Wednesday.
GERMAN SOLAR ENERGY GROWTH TO SLOW THIS YEAR -BSW
VERONA, Italy, May 3 (Reuters) - Growth of new photovoltaic capacity in Germany, the world's biggest solar market, is expected to slow in 2011 due to planned cuts in incentives, a senior industry official said on Tuesday.
Germany added more than 7 gigawatts (GW) of photovoltaic (PV) capacity, which turns sunlight into power, in a record-breaking 2010 to reach a total of about 17 GW, equal to 17 large power plants.
U.S. SOLAR CAPACITY SEEN AT 10 GW IN 2015- SEIA
VERONA, Italy, May 3 (Reuters) - Solar energy capacity in the United States, a major global solar market, is expected to rise to 10 gigawatts in 2015 as the country boost renewable energy growth, a senior industry official said on Tuesday.
"Today, solar in the fastest growing industry in the United States ... Our goal for solar is 10 gigawatts by 2015," said Tom Kimbis, director of policy and research at the Solar Energy Industries Association (SEIA), the U.S. industry's trade group.
VESTAS GETS 100 MW TURBINES ORDER IN CHINA
COPENHAGEN, May 3 (Reuters) - Danish wind turbine manufacturer Vestas has received an order from the fiercely competitive Chinese market for 50 turbines with total capacity of 100 megawatts.
The Vestas V90-2.0 MW turbines for a wind power project in Shandong Province were scheduled to be delivered in the second and third quarters, Vestas Wind Systems A/S said on Tuesday.
ITALY SOLAR CAPACITY SEEN 7,000 MW AT END JUNE
VERONA, Italy, May 2 (Reuters) - Italy's total installed photovoltaic capacity may reach 7,000 megawatts by the end of June due to a rush to sign up for expiring incentives, a senior official at Italy's state energy services agency GSE said.
"I think we can arrive at 7,000 megawatts at the end of June," Gerardo Montanino, director of GSE's operating division told Reuters on the sidelines of a photovoltaic conference in northern Italy on Monday.
WORLD TO ADD 20-25 GW SOLAR CAPACITY IN 2011
VERONA, Italy, May 2 (Reuters) - The world is expected to add 20-25 gigawatts (GW) of photovoltaic capacity this year as new markets boost solar energy growth, chairman of the European Photovoltaic Industry Association (EPIA) told Reuters on Monday.
"The EPIA forecast with regards to the additional (global) photovoltaic capacity in 2011 is north of 20 gigawatts," Ingmar Wilhelm said in an interview at an international photovoltaic conference in northern Italy.
GERMANY LAUNCHES 1ST BALTIC SEA OFFSHORE WIND PARK
FRANKFURT, May 2 (Reuters) - Germany on Monday launched its first commercial-size wind power park in the Baltic Sea, adding to some small existing capacity in the North Sea, operator EnBW said.
The 48.3 megawatt unit called Baltic 1, which is some 16 kilometres north of the Darss/Zingst peninsula, has started feeding power into the national grid, the utility said.
CZECH CEZ RESUMES WORKS AT ROMANIA WIND PARK
BUCHAREST, May 2 (Reuters) - Czech utility CEZ has resumed works at its 1.1 billion euro wind energy park in southern Romania and should finish it in 2012, one year later than planned, CEZ said on Monday.
The two-stage 600 megawatt wind park in the southern Romanian villages of Fantanele and Cogealac is one of the largest investment projects in recession-hit Romania.
MALAYSIA NEEDS TO REVIVE SARAWAK HYDROPOWER PLANS - TENAGA CHAIRMAN
SINGAPORE, April 29 (Reuters) - Malaysia needs to revive plans to transmit hydro-generated electricity from the resource-rich state of Sarawak to the rest of the country to diversify its energy mix, said the chairman of state utility Tenaga Nasional Berhad on Friday.
The Southeast Asian country faces the twin challenges of rising coal prices and fast-depleting gas reserves. The two fossil fuels make up almost 95 percent of the Malaysian peninsula's generation mix, with hydropower accounting for another 5 percent.
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