CHINA JUNE POWER OUTPUT UP 16.2 Y/Y -STATS BUREAU
SHANGHAI, July 13 (Reuters) - China's power output in June rose 16.2 percent from a year earlier to 396.8 billion kilowatt hours, the National Bureau of Statistics said on Wednesday.
June's power output was also up 5.1 percent from a month ago, when total generation stood at 377.5 billion kilowatt hours, thanks to heavy rains which ended months of drought and boosted to hydro power generation.
CANADIAN SOLAR TARGETS '12 MODULE SHIPMENTS ABOVE 2 GW
SAN FRANCISCO, July 12 (Reuters) - Canadian Solar Inc is aiming to ship more than 2 gigawatts of solar modules in 2012, a target that would represent a 60 percent increase from the midpoint of its 2011 forecast, Chief Executive Shawn Qu said on Tuesday.
The company's production last year of more than 800 MW, Qu said, had put Canadian Solar among the top six largest module manufacturers. He confirmed that the company was planning on shipping 1.2 GW to 1.3 GW of modules this year.
RENESOLA CUTS OUTLOOK AMID SOLAR SELLOFF
BANGALORE, July 12 (Reuters) - ReneSola Ltd , a China-based solar wafer producer, joined a slew of companies in cutting its quarterly revenue and gross profit margin view, as lower subsidies in major European markets weigh on sales and prices.
ReneSola shares, having nearly halved their value this year, fell 8 percent to a low of $4.29 on Tuesday. Other solar stocks, including those of First Solar , Suntech Power , Trina Solar , Yingli Green Energy and GT Solar International , were also down.
DRY SPANISH WEATHER CUTS HYDRO, IRRIGATION RESERVES
MADRID, July 12 (Reuters) - Spain has less water than a week ago to generate hydropower and irrigate crops, the latest official data showed on Tuesday, potentially adding to its already hefty burden of gas and grain imports.
The Ministry for the Environment and Rural Affairs said in its latest weekly bulletin that hydropower reservoirs had enough water to produce 14,823 gigawatt-hours of electricity, 318 less than last week .
SOLAR EQUIPMENT SPENDING TO COLLAPSE IN 2012-REPORT
LOS ANGELES, July 11 (Reuters) - Spending on equipment to make photovoltaic solar products will collapse next year following aggressive capacity expansions in 2010 and 2011 that have created an oversupply of panels in the market, according to a report by research firm Solarbuzz.
Equipment spending for crystalline silicon and thin-film products will slide 47 percent to $7.6 billion in 2012 from $14.2 billion this year, the report said.
FRANCE OPENS 10 BLN EURO OFFSHORE WIND TENDER
PARIS, July 11 (Reuters) - France launched a 10 billion euro ($14.30 billion) offshore wind power tender on Monday that aims to kick start the sector in the nuclear-reliant country.
The tender is the first part of a plan to develop 6,000 megawatts of electricity capacity by 2020 and will contribute to France's target to derive 23 percent of its energy consumption from renewable sources, also by 2020.
ABB BOOSTS TRANSFORMER BUSINESS WITH TRASFOR BUY
Zurich, July 11 (Reuters) - Swiss engineering group ABB is to buy Trasfor Group for an undisclosed amount, boosting its transformer business and giving it access to key products for fast-growing markets such as the renewable energy sector.
Swiss-based Trasfor, which makes dry-type transformers and inductors for low- and medium-voltage applications, has about 380 employees and generated $130 million of revenues in 2010.
UK GREEN ENERGY PLANS RISK FRUSTRATING INVESTORS
LONDON, July 8 (Reuters) - Britain will exclude details of support for green energy under power market reform plans it is due to unveil next week, say sources familiar with the statement which may disappoint investors and developers.
The proposals will centre around a guaranteed purchase price for low carbon electricity, critically widening existing renewable energy support to include nuclear power.
NWRFC US NORTHWEST RIVER FORECAST STEADY AT 138 PCT
July 8 (Reuters) - Projected water runoff at The Dalles Dam on the Columbia River in Oregon held steady near record levels at 138 percent of normal for April through September, the U.S. Northwest River Forecast Center (NWRFC) forecast Friday.
That's unchanged from the previous forecast.
SEMPRA UNIT INKS DEALS FOR RENEWABLE ENERGY
July 8 (Reuters) - Regulated utility San Diego Gas & Electric (SDG&E), a unit of Sempra Energy , signed contracts for a 150 megawatt (MW)solar power plant and a 40 MW geothermalpower plant with two entities in California.
It signed the solar contract with private solar development company Solar Gen 2 LLC for a plant that will be built in three, 50-MW phases at separate sites on fallowed land.
MITSUBISHI CHEMICAL TO MAKE SOLAR CELL FILM
July 9 - Mitsubishi Chemical Holdings Corp will start making adhesive film used in solar cells, challenging Bridgestone Corp and Mitsui Chemicals Inc , who make the key material that determines the life span of the cells, the Nikkei business daily said.
Mitsubishi will spend about 10 billion yen ($123 million)through 2015 to grab 30 percent of the global market for the film, and will launch a large plant in China by the end of 2012, the daily reported.
ITALY SOLAR CAPACITY TO HIT 30 GW IN 2020-ENEL CEO
CATANIA, Italy, July 8 (Reuters) - Italy's booming solar power market is expected to grow nearly four times to 30 gigawatts of capacity by 2020 as part of incentive-driven efforts to fight climate change, the head of Italy's top utility said.
Italy's solar market, the world's second-largest after Germany, has rapidly grown since 2007 when the government boosted production subsidies, attracting the world's biggest makers of photovoltaic modules, which turn sunlight into power.
ONTARIO SAYS GREEN PLAN SPURS C$20 BLN IN INVESTMENT
TORONTO/VANCOUVER, July 7 (Reuters) - The Canadian province of Ontario says its program of providing incentives for green energy production has brought in commitments for C$20 billion ($21 billion) in private-sector investment since the program was put in place in 2009.
Ontario's energy ministry released a report outlining the investments on Thursday, and giving an investment figure for the first time, as the province's governing Liberals get set to campaign ahead of the Oct. 6 election in which their green energy plan is seen as a major and contentious issue.
DUKE ENERGY BUYS 131 MW KANSAS WIND FARM
July 6 (Reuters) - U.S. utility owner Duke Energy Corp said it has acquired a fully developed and contracted 131 megawatt wind power project in Kansas from CPV Renewable Energy as part of its plans to raise its clean energy portfolio, but did not disclose the financial terms of the deal.
Duke Energy unit Duke Energy Renewables will build, own and operate the Cimarron II Windpower Project in the Gray county.
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