AREVA, IBERDROLA PARTNER IN FRENCH OFFSHORE WIND
PARIS, June 29 (Reuters) - French nuclear reactor maker Areva and Spanish power company Iberdrola plan to bid together for offshore wind projects in France, the companies said in a statement on Wednesday.
Under the agreement, Areva will be sole supplier of the turbines that will equip the offshore farms to be developed by Iberdrola, Areva said.
US POWER AGENCY DETAILS EXCESS HYDRO IMPACT ON WIND, GAS
HOUSTON, June 28 (Reuters) - The highest Columbia River runoff in more than a decade has resulted in the curtailment of about 7 percent of scheduled output from wind farms since mid-May, the Bonneville Power Administration (BPA) said on Tuesday.
Water supply in the U.S. Pacific Northwest is on track to surpass the second-highest year on record, set in 1974, according to the U.S. Northwest River Forecast Center.
FIRST SOLAR SHARES SOAR ON JEFFERIES NOTE
LOS ANGELES, June 28 (Reuters) - Shares of First Solar Inc rose nearly 7 percent on Tuesday after a Jefferies analyst said the stock should rise due to stronger worldwide demand for solar in the second half of the year and expected approval of the company's federal loan guarantee applications.
First Solar and other solar stocks have been hit hard this year due to cuts in solar subsidies in key markets like Italy. The cuts have slowed development of solar projects and sent prices on panels down sharply, hurting producers' profits.
IBERIAN SPOT POWER DROPS ON CLIMBING WIND POWER
MADRID, June 28 (Reuters) - Iberian wholesale prompt power fell hard on Tuesday from a previous 30-month high due to prospects cheap supplies of wind power would meet demand driven by air conditioners coping with 40-degree temperatures.
National grid operator REE predicted wind parks in Spain -- Europe's most productive in 2010 -- would boost output to 7,778 megawatts by peak hour on Tuesday from 3,181 MW at midday.
HIGHER HYDROPOWER GENERATION EASES CHINA POWER SHORTAGES - NDRC
BEIJING, June 28 (Reuters) - Only two of the 26 provinces served by State Grid Corp of China have been restricting power consumption since June 10, after widespread rainfall lifted hydropower generation and led to a fall in power use for air conditioning, a government department said on Tuesday.
Supply tightness in eastern Zhejiang and Anhui, central Hunan and southwestern Chongqing had eased noticeably after hydro-electric generation surged in mid-June, the National Development and Reform Commission said in a release on its website (www.ndrc.gov.cn).
CANADA'S FINAVERA SEES GREEN NOD FOR 2 WIND PROJECTS IN OCT
June 27 (Reuters) - Canada's Finavera Wind Energy Inc posted a narrower quarterly loss, helped by lower project costs, and said two of its wind projects in British Columbia are expected to get environmental clearance in October.
The Vancouver-based wind energy developer, which also runs wind farms in Ireland, said it remains on track to reach a definitive agreement for the equity finance of its Wildmare wind energy project in northeastern British Columbia.
CHINA SUNERGY SETS 1 GW SOLAR CELL EXPANSION PLAN
June 27 (Reuters) - China Sunergy Co Ltd said it plans to invest 1.8 billion yuan ($278 million) in a 1 gigawatt (GW) solar cells expansion project.
The first batch of 500 megawatt (MW) cells produced by the company's units, China Sunergy (HK) Co Ltd. and China Sunergy (Nanjing) Co Ltd, is expected to be commercialized in the first half of 2012, China Sunergy said in a statement.
MANILA BOURSE WANTS TO EASE RULES FOR ENERGY FIRMS
MANILA, June 27 (Reuters) - The Philippine Stock Exchange (PSE) wants to ease its listing and disclosure rules for petroleum and renewable energy firms, a sector seen as a growth driver for the bourse, the smallest amongst major Southeast Asian nations, and the economy.
The PSE said on Monday the lack of an active resources sector on the exchange and restrictive listing rules were limiting investment opportunities in the sectors.
TEXAS SETS WIND POWER RECORD AMID SLOW GROWTH
HOUSTON, June 24 (Reuters) - Texas set a record for wind-power output over the weekend even as new wind-farm expansion has slowed to a crawl, the state grid operator said in a report.
The amount of electricity produced from wind on the evening of June 19 set a record at 7,355 megawatts, more than 78 percent of the 9,400 MW of installed wind capacity in the Electric Reliability Council of Texas (ERCOT).
YASH BIRLA GROUP TO MAKE SILICON WAFERS, SOLAR CELLS
MUMBAI, June 23 (Reuters) - Yash Birla Group said on Thursday group firm Birla Surya Ltd will invest 54 billion rupees over five years to set up an integrated facility for fabrication of multi-crystalline silicon wafers and solar photovoltaic cells.
The first phase of the project located in Satara district of Maharashtra state will involve an investment of 14.93 billion rupees, funded through a debt of 9.7 billion rupees, the group said in a statement.
GOOGLE, CITI INVEST ANOTHER $204 MLN IN WIND PROJECT
LOS ANGELES, June 22 (Reuters) - Google Inc and Citigroup are investing another $204 million in the Alta Wind Energy Center in Southern California's Tehachapi Mountains, bringing their total combined investment in the project to $314 million.
The additional funds will be split evenly between the two companies, according to Terra-Gen Power, which is building what is expected to be the nation's largest wind energy project.
SOLAR INSTALLER REAL GOODS TO BUY ALTERIS RENEWABLES
June 22 (Reuters) - Real Goods Solar Inc , a U.S. residential and commercial solar energy system installer, plans to acquire privately owned rival Alteris Renewables Inc to expand into the northeast, where state-level clean energy subsidies are growing.
The acquisition of Alteris will help Real Goods move beyond its existing hubs of California and Colorado to states such as Connecticut and New Jersey.
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