Thursday, September 29, 2011

20110929 1012 Renewable Energy Related News.

AMPLE SUPPLIES MAKE SUN OIL ATTRACTIVE FOR BUYERS
AMSTERDAM, Sept 27 (Reuters) - A large sunflower seed crop this year has pushed prices lower and made it an attractive substitute for rape seed, which is largely used to produce biodiesel in the European Union and has seen a drop in production, analysts said.
German-based analyst Oil World has said it sees global 2011/12 sunflower seed output at a record 37.1 million tonnes, 11 percent up from the 33.3 million tonnes in 2010/11.  

SCOTLAND UNVEILS NEW OFFSHORE WIND TECHNOLOGY FUND
EDINBURGH, Sept 27 (Reuters) - Scotland's First Minister Alex Salmond on Tuesday announced a new 35-million-pound offshore wind technology fund at the start of a two-day Scottish low carbon investment conference.
Salmond also said Edinburgh-based Oyster wave energy developer Aquamarine Power had secured seven million pounds in new funding and a commitment of further investment from existing shareholders over the next two years to help the company into commercial production in 2014.  

SUNTECH NAMES SOLARCITY EXEC AS HEAD OF U.S. BUSINESS
Sept 26 (Reuters) - Chinese solar company Suntech Power Holdings Co Ltd  on Monday named John Lefebvre as president of its U.S. and Canada business. Lefebvre had been vice president of sales and business development at solar installer SolarCity for the last four years.

CANADA TO SET RECORD FOR WIND POWER IN 2011 -REPORT
TORONTO, Sept 26 (Reuters) - Even though Canada will likely set a record for new wind energy capacity this year, the rapid growth could dry up without stable policies to encourage its expansion, an industry association said Monday.
About 1,338 MW of new installed wind energy capacity is projected to come online this year, up from 690 MW in 2010, according to the Canadian Wind Energy Association.

ITALY SOLAR CAPACITY GROWTH TO SLOW DOWN IN 2012
MILAN, Sept 26 (Reuters) - Italy's total installed photovoltaic (PV) capacity is expected to rise to at least 15 gigawatts by the end of 2012, with growth slowing down under its new incentive plan, senior industry officials said on Monday.
Italy's solar market, the world's second-biggest after Germany's, has boomed since 2007 when the government boosted production subsidies. In May, Rome cut incentives to help consumers, who support the scheme through power bills.

ESKOM, AFDB SIGN $365 MILLION RENEWABLE ENERGY LOANS
JOHANNESBURG, Sept 26 (Reuters) - South African power utility Eskom [ESCJ.UL] signed two loan agreements worth a total of $365 million with the African Development Bank (AfDB) for clean-energy projects.
Eskom said in a statement late on Sunday that the loans would "enable the first large-scale implementation of renewable wind and solar generation in Eskom's history."

SOLARCITY LATEST TO SEE US LOAN LOSS POST-SOLYNDRA
LOS ANGELES/WASHINGTON, Sept 23 (Reuters) - Solar panel installer SolarCity said on Friday it was the second company in as many days that will not get finalization of U.S. government loan aid by a Sept. 30 deadline.
The Department of Energy informed SolarCity of its inability to close the loan 48 hours ago, blaming increased paperwork resulting from a Congressional investigation into the DOE's $535 million loan guarantee awarded to bankrupt solar company Solyndra, SolarCity said in a letter to the Republican lawmakers heading the probe.

CEZ AIMS TO FUND NUCLEAR EXPANSION VIA RENEWABLES-PAPER
PRAGUE, Sept 23 (Reuters) - Czech utility CEZ  plans to raise 200 billion Czech crowns ($10. billion), via building wind and hydro power stations abroad, to invest in building new units at the Temelin nuclear power plant, daily Lidove Noviny reported on Friday.
The newspaper reported that newly elected Chief Executive Daniel Benes introduced the plan at a meeting of the power group's top management on Thursday.

FIRST SOLAR SAYS PLANT TO MISS U.S. LOAN DEADLINE
Sept 22 (Reuters) - First Solar Inc  said it would not meet a deadline to receive a federal loan guarantee for a huge solar power plant it is building in California, sending its shares to their lowest level in more than four years.
The announcement cast a spotlight again on the Obama administration's support of renewable energy, which have come under fire by Republicans since the collapse of solar company Solyndra after it won more than $500 million in backing from the Department of Energy.

SCOTLAND WIND FARMS CUT FORECAST LOWERED TO 250MW
LONDON, Sept 21 (Reuters) - The UK's National Grid warned on Wednesday it expects to curtail 250 megawatts of wind generation in Scotland until 0600 GMT on Thursday, revising earlier forecasts, as transmission bottlenecks are preventing surplus power generated by high wind speeds being diverted elsewhere.
National Grid earlier in the day had forecast a cut of 500-MW lasting until 0400 GMT.

SOLARWORLD SAYS CHINA COMPETITION UNFAIR - MEDIA
FRANKFURT, Sept 21 (Reuters) - Frank Asbeck, chief executive of Germany's No.2 solar company SolarWorld , has criticised Chinese rivals for eating into the market share of European peers, potentially driving them out of business.
"There is no fair competition in our industry. The Chinese have started an industry war," he told German magazine Capital, according to an excerpt of an interview made available ahead of its publication on Thursday.

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