LISTED SOLAR STOCKS RALLY AFTER GERMAN NUKE DECISION
NEW YORK, May 31 (Reuters) - Shares of U.S.-listed solar companies jumped in early Tuesday trade after news that Germany, the world's leading solar market, would shut down its nuclear reactors by 2022.
American Depositary Receipts of China-based JA Solar Holdings led the gains, climbing 8.8 percent to $6.15, followed by LDK Solar Co , up 8.7 percent to 7.63, and Yingli Green Energy , up 6.3 percent to $9.29.
CANADIAN SOLAR TO BUILD 600 MW PLANT WITH CHINA'S GCL-POLY
May 31 (Reuters) - Canadian Solar Inc said it formed a joint venture to build a 600 megawatt (MW) wafer plant in Suzhou in Eastern China, with a unit of polysilicon producer GCL-Poly Energy Holdings Ltd .
The total cost for the first phase of the project will be $77 million and the majority will be financed through debt, while the rest will be financed through registered capital, the solar panel maker said.
IBERIAN SPOT POWER UP ON WIND, NUCLEAR LACK
MADRID, May 27 (Reuters) - Iberian wholesale prompt power bucked a pre-weekend tendency to decline and rose on Friday due to an expected drop in supplies of wind power and a lack of nuclear forcing costlier gas-fired plants to work harder.
The Iberian Electricity Market's (Mibel) spot exchange, Omel, fixed the day-ahead "pool" price for Spain and Portugal at 50.35 euros ($71.54) per megawatt-hour, advancing from 48.60 euros/MWh on Tuesday.
SOLAR PANELS WIN REPRIEVE IN EU TOXIC SUBSTANCE BAN
BRUSSELS, May 27 (Reuters) - EU ministers voted on Friday to exempt solar panels from a ban on toxic substances in electrical goods, enabling leading maker First Solar to keep selling its products in the industry's biggest market.
The revised European Union law generally bans the use of six hazardous substances in electrical and electronic equipment, including cadmium, which is used by U.S.-based First Solar -- the world's No. 1 solar company by market share -- in its panels.
SUNTECH IN SUPPLY DEAL WITH GERMANY'S SOLARHYBRID
LOS ANGELES, May 26 (Reuters) - China's Suntech Power Holdings Co Ltd on Thursday said it would supply up to 190 megawatts of solar panels this year to German project developer solarhybrid AG .
In a statement, Suntech said it will supply panels for five solarhybrid power plants in Germany as well as one project each in Italy and Slovakia.
SMA SOLAR FIGHTS TO DEFEND MARKET SHARE, MARGINS
KASSEL, Germany, May 26 (Reuters) - SMA Solar , the world's largest maker of solar inverters, is gearing up for a tough defence of its 20 percent-plus profit margins and leading market share as competition intensifies in the lucrative sector.
"We are looking very, very closely at our competition and don't get me wrong -- we're fighting for our customers every day," incoming Chief Executive Pierre-Pascal Urbon told the company's annual shareholders' meeting on Thursday.
JAPAN PM VOWS TO BOOST RENEWABLE ENERGY
PARIS, May 25 (Reuters) - Japanese Prime Minister Naoto Kan pledged on Wednesday to boost renewable energy to at least 20 percent of Japan's electricity supply in the 2020s, as he reviews the role of atomic energy after the world's worst nuclear disaster in 25 years.
Kan also assured world leaders the Japanese economy was recovering strongly two and a half months after the massive earthquake and tsunami struck northeastern Japan and left some 25,000 people dead or missing.
DROUGHT MAY HIT FRENCH NUCLEAR OUTPUT FROM MID-JULY
PARIS, May 25 (Reuters) - French power company EDF is preparing for a severe drought this summer, which could curb nuclear production from mid-July in plants located in the southwest, the utility and local authorities said on Wednesday.
So far, the drought has had no impact on nuclear power plant operations and supply to clients is not affected, an EDF spokeswoman said.
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