Policy, investment and markets News for May 2010

Policy, investment and markets News Archive

All-Energy: Cromarty Firth port becoming renewable energy hub All-Energy: Cromarty Firth port becoming renewable energy hub

Cromarty Firth Port Authority (CFPA) is becoming a renewable energy centre for import, logistics and storage of wind farm components.

30% emissions cuts to keep EU renewable energy lead

The European Wind Energy Association (EWEA) is urging the EU to go for 30% emissions cut to keep the EU’s renewable energy leadership.

DECC promises low-carbon energy but cuts spending

The UK Department of Energy and Climate Change’s Energy Bill will implement a ‘green deal’ for energy efficiency, and says it will deliver low-carbon energy. At the same time, DECC is cutting £85 million in spending...

Bureaucracy hampering solar PV installation

The PV Legal consortium has launched a comprehensive online database with data on project development processes and bureaucratic barriers hampering solar photovoltaic (PV) systems in 12 EU countries.

Global renewable electricity to grow 3.2% per year

The world will install 107 GW of green power by 2035, up from 44 GW in 2007.

Climate Change Capital Private Equity invests £7.5m in Climate Energy Ltd

Climate Change Capital Private Equity (CPE) has invested a further £7.5 million into its majority owned portfolio company Climate Energy, an energy efficiency services firm.

All-Energy: Chris Huhne vague on renewable energy details

The new UK Energy Secretary told press at All-Energy that the government is very much committed to renewable energy, but also that it remains committed to oil and gas.

UK green policies – new opportunities for chemical industry

The new UK coalition Government has outlined its collective plans for a low carbon economy, which according to analyst Frost & Sullivan presents significant opportunities for the rejuvenation of the chemical industry in the UK.

First economic valuation of UK offshore resource points way to UK becoming net exporter of electricity

A new report from the Offshore Valuation Group concludes that the offshore renewable energy industry in the UK - using less than a third of the total available resource - could generate the electricity equivalent of 1 billion barrels of oil annually, matching North Sea oil and gas production.

German renewable heating support scheme cut

An immediate ban on further support payments under the German incentive scheme for solar heating, biomass and heat pump installations has been ordered by the German Ministry for Environmental Affairs.

Cornwall, UK company offers new Feed-in Tariff investment

Plug Into The Sun, a solar PV installation company has launched a scheme for investors to benefit from the UK's new Feed-in Tariff (FIT).

Oerlikon loss narrows in Q1 – solar thin-film struggling

Oerlikon’s net loss in the first quarter of 2010 amounted to CHF 104 million, compared to a loss of CHF 167m in Q1 2009. Solar thin-film sales are struggling, however.

Gamesa’s net profit fell 75% in Q1 2010

Spanish wind turbine maker Gamesa’s net profit fell 75% in the first quarter of 2010 to €8 million in a difficult macroeconomic environment.

Regional approach to renewable energy

In order to tackle the energy challenges of Europe in the future, a regional approach should be employed, according to a white paper from the Assembly of European Regions (AER).

UK coalition – renewable energy policies UK coalition – renewable energy policies

The new Conservative / Liberal Democrat coalition in the UK stands firm on renewable energy, but disagrees on nuclear.

Solar to generate 20%-25% of global electricity by 2050

The International Energy Agency (IEA) has released roadmaps for solar PV and concentrating solar power (CSP), predicting that the two solar technologies could generate 9000 TWh of green power in 2050.

Conergy loss narrows in Q1 2010

Conergy recorded a net loss of €5.1 million in the first quarter of 2010, compared to a loss of €27.9m in Q1 2009.

Australia launches largest roll-out of renewable energy Australia launches largest roll-out of renewable energy

The Australian Government will commit A$653 million over four years to establish a Renewable Energy Future Fund.

Great Yarmouth’s EastPort accommodates offshore wind jack-ups Great Yarmouth’s EastPort accommodates offshore wind jack-ups

Two self-propelled jack-up vessels purpose-built for installing offshore wind turbines have made Great Yarmouth's EastPort UK their home port.

Phoenix Solar turns loss to profit in Q1

Phoenix Solar AG has gone from a consolidated loss of €5.98 million in Q1 2009 to a profit of €2.8m in the first quarter of 2010.

Q-Cells’ consolidated loss narrows in Q1 2010

Q-Cells’ consolidated loss for the first quarter of 2010 amounted to €46.4 million, compared to a loss of €391.9m in Q1 2009.

SolarWorld profit slumps 77.8% in Q1 2010

SolarWorld profit slumps 77.8% in the first quarter of 2010 to €5.3 million.

Bank issues bonds to support renewable energy

Proceeds from the issuance of ‘Climate Awareness Bonds’ will finance future lending projects in the fields of renewable energy and energy efficiency.

Centrosolar goes from loss to profit in Q1

Centrosolar recorded net earnings of €4.4 million in the first quarter of 2010, compared to a loss of €6.3m in Q1 2009.

Bank launches initiative to generate 3 GW of solar in Asia

The Asian Development Bank (ADB) says its Asian solar energy initiative will generate 3 GW of solar power over the next three years.