RENEWABLES:
NESTE OIL SEES RENEWABLES LOSS DEEPENING IN Q3
HELSINKI, July 28 (Reuters) - Finnish refiner Neste Oil reported a weaker-than-expected second-quarter profit, weighed down by losses at its renewables unit, which the firm forecast to deepen in the third quarter.
Neste Oil's shares fell 8.3 pct to 9.28 euros in early trade.
Analysts said the results were soft and that some of the firm's outlook comments were gloomy.
EDP RENEWABLES H1 NET PROFIT MORE THAN DOUBLES
LISBON, July 27 (Reuters) - Portugal's wind power generator EDP Renewables on Wednesday posted a 109 percent rise in first-half net profit, to beat market expectations, after an increase in output and smaller amortisations.
EDPR, the world's fourth-largest wind power company and a unit of Energias de Portugal , said its net profit in January-June totaled 90 million euros ($130.3 million).
BARCLAYS TO HELP FUND K ROAD'S SOLAR POWER PROJECTS
LOS ANGELES, Aug 2 (Reuters) - Solar developer K Road Power Holdings said on Tuesday it has reached a deal with a unit of Barclays Capital in which the investment bank will help fund its solar power plants in the U.S. Southwest.
Terms of the deal were not disclosed. But the company said that Barclays Natural Resource Investments would "make a substantial commitment" to fund K Road's portfolio.
FERRO SEES LOWER SOLAR INSTALLATIONS FOR 2011, SHARES SLUMP
Aug 2 (Reuters) - Ferro Corp said it expects solar installations for the full year to be about 15 percent lower than in 2010, hurt by a demand slump in the second quarter, sending its shares down as much as 19 percent.
"We expect solar power installations to improve, but don't expect this to impact demand until later in the year when customer inventory of solar power modules has been reduced," a company executive said on a conference call with analysts.
POLAND PLANS FREE CARBON PERMITS FOR 16 GW NEW POWER
WARSAW, Aug 2 (Reuters) - Poland will hand free carbon emissions permits to gas and coal-fired power plants to be built through 2020 with a total capacity of 16,000 MW, a government adviser said on Tuesday.
Krzysztof Zmijewski, an advisor to the Economy Ministry, added that Poland's renewable energy targets were unrealistically ambitious due to a shortage of capacity in the transmission system.
GT SOLAR WINS $55 MLN ORDER FROM ASIA
Aug 2 (Reuters) - Solar and LED equipment maker GT Solar International Inc said it received an order worth $55.1 million from a new customer in Asia for polysilicon production equipment.
The order is included in the company's backlog for the first quarter of 2012, which ended on July 2, 2011, the Merrimack, New Hampshire-based company said.
CANADIAN SOLAR EXPANDS INTO INDIA; BAGS 33 MW MODULE SUPPLY DEAL
Aug 1 (Reuters) - Solar panel maker Canadian Solar Inc said it signed a sales agreement with Indian company Cirus Solar Systems Pvt Ltd to deliver 33 MW (megawatt) of solar modules, marking its foray into India.
Cirus, which is a Hyderabad-based company, provides turnkey solutions for solar power projects.
The modules will be utilized in a government-sponsored solar park in Gujarat, which will be completed by December this year.
CHINA UNVEILS UNIFIED SOLAR POWER PRICES; SOLAR SHARES UP
BEIJING/HONG KONG, Aug 1 (Reuters) - China has set unified benchmark grid feed-in power tariffs for solar projects for the first time ever, a move that will provide clearer guidance for solar power project developers when making investment decisions.
The rates, at 1 yuan ($0.16) per kilowatt hour (kWh) for projects approved after July 1, was higher than many of those proposed and accepted by state-owned solar power developers in China's second official tender last year, suggesting they would be welcome news for industry participants.
SUNPOWER, CITI TO FINANCE SOLAR LEASE PROJECTS
July 28 (Reuters) - SunPower Corp and Citigroup have formed a new fund of $105 million to enable the solar panel maker extend its lease to customers in eight states, the companies said.
A solar lease is a financing option that provides the use of a solar equipment in exchange for a monthly lease payment.
UK SOLAR PLANTS SOAR AHEAD OF GOVERNMENT TARIFF CUTS
LONDON, July 28 (Reuters) - British solar power capacity rose by more than 50 percent in the three months to June as developers scrambled to finish projects before lower government support tariffs kick in next month, energy ministry data showed on Thursday.
Installed capacity for photovoltaic plants rose by 56 percent to 121.6 megawatts (MW) between March and June and grew more than eighteenfold in one year.
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