Policy, investment and markets News for April 2009

Policy, investment and markets News Archive

Tough times for wind energy whereas solar power is rising in 2009

The year ahead will be tough for wind energy whereas solar power will experience an uptick in 2009, according to analyst Emerging Energy Research (EER).

NHA report shows hydrogen vehicles will drive change

The National Hydrogen Association in the US has released a new report which shows that an expansion of hydrogen stations is more affordable than most people think. The report, Energy Evolution: An analysis of alternative vehicles and fuels to 2100, shows that a scenario which initially includes a mix of alternative vehicles, and is later dominated by hydrogen fuel cell vehicle sales, is the only way to cut US greenhouse gas pollution by 80% below 1990 levels. The scenario also sees petroleum ‘quasi-independence’ reached by about 2050, with nearly all controllable air pollution eliminated by the end of the century.

NREL highlights green utilities

The US Department of Energy’s (DoE) National Renewable Energy Laboratory (NREL) has released its annual assessment of leading utility green power programmes under which consumers can choose to help renewable energies.

Vestas to scale back production facilities in Europe

One of the world's largest wind turbine manufacturers is to shed 1900 manufacturing jobs in the UK and Denmark.

Concentrix Solar installs new tracking system in Concentrating PV (CPV) power plant Concentrix Solar installs new tracking system in Concentrating PV (CPV) power plant

The installation of the FLATCON systems for the Spanish CPV power plant in Castilla-La Mancha is now complete.

Abengoa Solar begins operation of the world’s largest CSP power tower plant Abengoa Solar begins operation of the world’s largest CSP power tower plant

The new 20MW plant will produce enough energy to supply 10,000 homes.

Intel tops list of USA green power purchasers

The US Environmental Protection Agency (EPA) has released a list of the USA’s top green power purchasers.

Risø DTU connects polymer solar cells to the grid in "world first"

Risø’s solar energy programme has been conducting research into polymer solar cells - a cheap alternative to existing silicon-based solar cells - and research is now at such an advanced stage that a demonstration plant has been built at Risø DTU.

LM Glasfiber’s revenues up 53% in 2008

LM Glasfiber saw a 53% jump in revenues to €885 million and recorded an operating profit of €91m in 2008.

Green light for renewable energy development on the US Outer Continental shelf

US President Barack Obama has announced that the Department of the Interior has finalised a long-awaited framework for renewable energy production on the US Outer Continental Shelf (OCS).

UK wind industry ready to pump £2.5billion "direct into UK economy"

The UK's wind power industry has given a thumbs up to a £525 million support package in Budget 2009, and believes that this will enable the industry to unlock up to £10bn of private sector investment in wind and marine energy projects over the coming few years.

UK Budget 2009: reaction

How has the industry reacted to the 'low carbon', renewable energy provisions in the UK's Budget 2009?

New investment fund to back British business

A £750 million strategic investment fund for backing business to come out stronger from the downturn has been announced in the UK's 2009 budget.

UK 2009 budget latest: offshore wind and energy efficiency the early winners UK 2009 budget latest: offshore wind and energy efficiency the early winners

The UK's Chancellor of the Exchequer Alistair Darling has delivered his latest budget, which includes £1.4 billion of extra targeted support in the low carbon sector, including offshore wind, energy efficiency, and small scale renewables.

US EPA report gives Obama a second option on carbon

The US Environmental Protection Agency has released a monumental "endangerment finding", on the potential impacts that climate change could have on regional US air quality.

Renewable Energy Focus to twitter

Renewable Energy Focus has now joined the twitter network...

UK Government subsidises electric and plug-in hybrid cars

The UK Government has launched a strategy to put electric and plug-in hybrid cars on British roads by subsidising £2000-5000 towards buying the first cars when they hit the showrooms – expected from 2011 onwards.

REC Solar halves Q2 solar cells and modules production

REC Solar is reducing second quarter (Q2) production of solar cells and modules by close to 50% in response to the “challenging market environment.”

Fund for Severn Estuary tidal concepts

A £500,000 fund has been launched to help environmental entrepreneurs and small businesses develop ideas to generate renewable electricity from the River Severn's tidal power.

UK must act now on wind energy, says influential report

The Institute for Public Policy Research (Ippr) has said that without a rapid expansion of offshore wind capacity the UK will struggle to achieve its legally-binding target of 15% of renewable energy from renewable sources by 2020.

Helios expands PV cell and module production Helios expands PV cell and module production

Helios Technology S.p.A. has achieved its 60 MWp target for its Italy-based cell production line, and has also started up its new module production line - which will reportedly reach a capacity of 50 MWp during 2009.

44% plunge in investment as crisis catches up with clean energy 44% plunge in investment as crisis catches up with clean energy

The latest figures from research firm New Energy Finance show that new investment in clean energy has collapsed to just US$13.3bn in the first quarter of 2009, down by no less than 44% on the fourth quarter of last year and 53% below the level achieved in the first quarter of 2008.

Gorbachev foundation urges greater use of solar PV

Mikhail Gorbachev, former president of the Soviet Union and founder of Green Cross International, has told world leaders to invest in solar PV energy swiftly as a way out of the current economic crisis, and as part of an emergency response to climate change.

Platina takes control of Spanish solar plants

Platina Partners LLP, a private equity fund advisor, has taken control of production at three major Spanish solar energy projects - the Anemoi at the Cantillana, El Coronil and Ocaña solar PV power plants.

South Africa introduces feed-in tariff for renewable energies

South Africa is introducing feed-in-tariffs (FiTs) for renewable energies, according to the National Energy Regulator of South Africa (NERSA).

UK offshore renewables get financial support

Marine and offshore renewable technologies will now receive financial support in the UK after an overhaul of the system for supporting renewable energy.

UK Government must help renewables during credit crunch

Targeted Government intervention is needed if the UK is to meet its renewable energy targets, according to the British Wind Energy Association (BWEA).

Electricity from renewables rise 11.7% in UK

Electricity supply from renewable energies including wind and hydro in the UK rose by 11.7%, or 2.2 TWh, to 20.7 TWh in 2008.

ERI to provide energy efficient water to South America

Energy Recovery Inc (ERI) have been awarded a contract by Acciona Agua to provide its PX technology to Acciona Agua's latest desalination plant in Venezuela. ERI produce energy recovery devices which lower the energy consumption in desalination plants.

EU's climate policy gets the go-ahead

The European Union has today given the final approval to its ambitious climate change and energy policies, agreed by EU ministers back in December 2008.

Closer to plugging offshore wind energy into the UK grid

Plans to connect large amounts of future offshore wind energy to the UK national grid have been firmed up.

Website for renewable energy development projects in China

The American Council On Renewable Energy (ACORE) has launched a website to help US companies connect with Chinese companies and institutions that are working to expand and finance renewable energy development projects in China.