Spain's Gamesa unit gets $2 bln Caparo order in India
MUMBAI, May 17 (Reuters) - Spanish wind turbine maker Gamesa's Indian unit said on Tuesday it has secured an order worth about $2 billion from Caparo Energy's Indian unit to supply and commission 2,000 megawatts of turbine capacity to be set up in the country.
The deal, which will commence in 2012 with about 150 MW during the first phase, will be spread over the next six years, the companies said in a statement.
Trina margin forecast sparks solar sell-off
LOS ANGELES, May 17 (Reuters) - Chinese solar panel maker Trina Solar Ltd said profit margins in the current quarter would be hurt by a rise in global inventories, sending its shares to a five-month low and sparking a broad sell-off in solar stocks.
Trina, which also reported a lower-than-expected first-quarter profit on Tuesday, warned last week that shipments in the January-March period would miss previous estimates by 10 percent because of a cut in solar power subsidies in Italy, which has hampered demand and sent solar panel makers' inventories climbing.
Spanish rain adequate in run-up to grain harvest
MADRID, May 17 (Reuters) - Spanish rainfall was below average last week, according to the latest official data on Tuesday, but farmers say it has been enough to allow the winter wheat and barley harvest to develop.
Total water stocks declined by 0.2 percent since last week, but at 82.4 percent of capacity were still comfortably above a 10-year average of 68 percent.
N.J. opens window for offshore wind power applications
NEW YORK, May 17 (Reuters) - New Jersey opened the window for applications to build what could be the nation's first offshore wind power projects.
There are currently no offshore wind projects in U.S. waters, but several companies in many states have been jockeying for years to be the first to build such a wind farm.
Gamesa gets order from Caparo for wind projects in India
MUMBAI, May 17 (Reuters) - The Indian unit of Spanish wind turbine maker Gamesa said on Tuesday it has received an order from Caparo Energy's Indian unit to supply and commission 2,000 megawatts of turbine capacity for wind power projects to be set up in the country.
The supply contract will commence in 2012, starting with around 150 megawatts in the first phase, and will span over the next six years, it said in a statement.
Green energy, rail freight to drive growth at Stella Jones
BANGALORE, May 13 (Reuters) - Stella Jones , which makes railway ties and treated wood utility poles for electricity and telecom companies, expects green energy, increased rail freight, and mining activity to boost results this year, its CEO said.
The company, which remained profitable while North America was reeling under the recession, expects industry demand for treated wood products to increase about 5 percent this year.
Canadian Solar inks sales deal with Saferay
May 16 (Reuters) - Canadian Solar Inc said it has signed a deal to sell 81 megawatts (MW) of solar modules to Saferay GmbH for projects in Germany, the world's largest solar market.
The solar panel maker said delivery had already commenced and that it expects to complete it before the end of the third quarter.
Solar plane makes maiden international flight
BRUSSELS, May 13 (Reuters) - A solar energy plane began the world's first international flight powered by the sun on Friday to show the potential for pollution-free air travel.
The Solar Impulse took off from an airfield at Payerne in western Switzerland on Friday morning and was due to land at Brussels airport 12 hours later.
First Solar power plants near U.S. loan decision
NEW YORK, May 12 (Reuters) - Three of First Solar Inc's largest solar power plants are moving closer to winning U.S. government loan guarantees under a program that could vastly expand the country's use of the clean energy source.
According to letters issued by the U.S. Energy Department on May 10 and posted on First Solar's website, the company's planned projects, with a total capacity of more than 1,300 megawatts, remain candidates to win the government commitments that would enable them to be constructed.
U.S. ops boost SolarWorld, Q-Cells hurt by Europe
FRANKFURT, May 12 (Reuters) - Sharply contrasting first-quarter results at two of Germany's top solar companies showed the importance of a strong presence in the United States as subsidies decline at home.
German solar company Q-Cells cut its sales outlook after lower subsidies, weak demand, overcapacities and pricing pressure in European markets hurt first-quarter earnings.
Bosnia hydro plants to get 120 mln euro German loan
SARAJEVO, May 11 (Reuters) - Germany and Bosnia on Wednesday signed a deal on a 120 million euro ($172.7 million) loan to fund construction of two hydro-power plants in the Balkan country.
Bosnia's Finance Minister Dragan Vrankic said 70 million euros of the loan from Germany will be used to build a 70 megawatt hydro-power plant on the Cetina river in southwestern Bosnia with an annual output of 95 gigawatt-hours.
China WindPower says seeking solar thermal partners
HONG KONG, May 11 (Reuters) - China WindPower Group Ltd , the largest non-state-owned wind farm developer in the mainland, is looking for partners to build solar thermal power projects in China, its director said on Wednesday, banking on a boom in solar demand as the country looks to strengthen support for clean energy.
Solar thermal energy was still at an early stage of development in China, but the company was working to obtain exclusive rights to develop projects in provinces, eyeing local and foreign companies as potential partners, China WindPower Executive Director Samantha Ko told Reuters.
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