EDP RENEWABLES H1 WIND POWER OUTPUT RISES 27 PCT
LISBON, July 14 (Reuters) - EDP Renewables , the wind energy subsidiary of Energias de Portugal , said on Thursday its power generation rose by 27 percent in the first half of 2011, helped mainly by output growth in the United States.
EDPR, the world's fourth-largest wind energy company in terms of installed capacity, said total power generation rose to 8,790 gigawatt hours (GWh), while its U.S output jumped by 39 percent from a year earlier to 5,105 GWh largely thanks to capacity additions.
COPERSUCAR DELAYS BRAZIL IPO AS CONDITIONS WORSEN
SAO PAULO, July 19 (Reuters) - Copersucar, Brazil's largest sugar and ethanol trader, on Tuesday delayed a plan to sell shares for the first time, a source told Reuters, signaling that debt woes abroad are spoiling appetite for equity offerings in Latin America's biggest economy.
The source, who has knowledge of the situation but declined to be identified because the transaction is still in the works, did not specify when the initial public offering plans would be resumed. Under Brazilian law, companies can resume IPO plans within 60 days if basic terms of the deals are not modified.
HUDSON CLEAN ENERGY PARTNERS EXPANDS INTO CHINA
LOS ANGELES, July 19 (Reuters) - Private equity firm Hudson Clean Energy Partners on Tuesday said it is expanding into China as it seeks to capitalize on that nation's growing appetite for green technology.
The move into China will allow Hudson to both invest in Chinese cleantech companies and help Hudson's existing portfolio of companies capture growth opportunities there, Hudson co-managing partner Neil Auerbach said in an interview.
SPAIN'S ACCIONA OPENS 50 MW THERMOSOLAR PLANT
MADRID, July 19 (Reuters) - Spanish energy and infrastructure company Acciona said on Tuesday it had connected a 50 megawatt thermosolar power plant to the grid, bringing Spain's total thermosolar capacity to 850 MW.
Acciona said the plant cost 247 million euros ($350.7 million) and would generate enough electricity to supply 35,000 homes.
EUROPEAN SOLAR SECTOR FEELS HEAT FROM CHINA
LONDON, July 19 (Reuters) - A $1.2 billion write-down by solar equipment maker REC on Tuesday highlighted the pain being inflicted by aggressive Chinese competition and may herald wider consolidation in the sector and flattening of prices.
REC produces equipment across the supply chain from slices of raw, solar-grade silicon, called wafers, to finished solar panels.
FORMER FIRST SOLAR CHIEF LAUNCHES $300 MLN VC FIRM
LOS ANGELES, July 18 (Reuters) - Former First Solar Inc Chief Executive Mike Ahearn launched a $300 million venture capital firm on Monday that will invest in startups in the energy, water, agriculture and waste industries.
True North Venture Partners has offices in Chicago and Phoenix and will be fully staffed by the end of 2011, the company said.
KKR, MUNICH RE BUY STAKE IN GRUPO T-SOLAR ASSETS
July 18 (Reuters) - Grupo T-Solar, a European solar photovoltaic power generator, said insurance group Munich Re and private equity firm Kohlberg Kravis Roberts would buy a 49 percent equity stake in its operating assets.
Grupo T-Solar's total capital expenditure for the assets, comprising 42 solar PV plants in Spain and Italy with total installed capacity of 168 megawatt, has been 1.07 billion euro ($1.51 billion).
ISRAEL EYES 10 PCT OF ENERGY FROM RENEWABLE BY 2020
TEL AVIV, July 17 (Reuters) - Israel's cabinet on Sunday approved a plan to advance the production of energy from renewable resources, seeking 10 percent of electricity production from such methods by 2020.
"The aim of the plan is to reduce emissions and pollution in the electricity sector," the prime minister's office said in a statement.
EVERGREEN SOLAR WON'T MAKE NOTE INTEREST PAYMENTS
LOS ANGELES, July 15 (Reuters) - U.S. solar company Evergreen Solar Inc warned on Friday it would not make $4.2 million of interest payments due on its senior convertible notes, citing its weakened liquidity.
The failure to pay the interest will trigger a default if unpaid for 30 days, the company said in a filing with the U.S. Securities and Exchange Commission. The interest payments were due on Friday.
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