Policy, investment and markets News for September 2010

Policy, investment and markets News Archive

LDK Solar gets RMB60bn from China Development Bank

LDK Solar Co Ltd has entered into a strategic financing agreement with China Development Bank Corporation (CDB) for up to RMB 60 billion (~US$8.9bn) of credit facilities over a five-year period.

2010: GWEC looks to 200 GW mark

With close to 40 Gigawatts (GW) of new capacity added this year, the world’s installed wind power capacity is expected to approach 200 GW by the end of this year, predicts the Global Wind Energy Council (GWEC)

Scotland raises renewable electricity target

By 2020, 80% of Scottish electricity consumption to come from renewable sources.

BLOGS: What do Jimi Hendrix and wind turbines have in common?!

Have a look at our latest blog and find out...

REC to discontinue module operations at 150 MW ScanModule AB

The plant will continue the production of modules at reduced capacity utilisation until the end of 2010.

Sharp goes downstream: acquires US Recurrent Energy

Recurrent Energy, LLC is a U.S. developer of distributed solar projects, with a 2 GW project pipeline of solar power generation plants located in the U.S. and Canada.

Call for entries: Ashden Awards for Sustainable Energy Call for entries: Ashden Awards for Sustainable Energy

The organisers of the Ashden Awards for Sustainable Energy is seeking entries from "inspirational and innovative" local sustainable energy programmes from Asia, Africa and Latin America.

Brazilian ethanol biofuel: deficit unlikely

Contrary to expectations, the Brazilian ethanol market is unlikely to face a deficit in 2010/11 (as was the case in 2009/10) due to producer stockpiling.

Clipper Windpower is struggling

Clipper Windpower is struggling with falling sales and a shrinking cash holding, and the wind turbine manufacturer is now looking for further investment into the company.

BEAMA welcomes UK heat pump field trials

The British Elctrotechnical and Allied Manufacturers Association (BEAMA) have welcomed the interim finding of the UK’s first domestic heat pump field trial.

Climate change website launched

A website explaining the science behind climate change has been launched by the UK Government.

Solar PV shipments to exceed 16 GW in 2010 – but tough 2011

Solar photovoltaic (PV) module shipments have reached 4.4 GW in the second quarter of 2010 and are forecast to exceed 16 GW by year end, IMS Research says, but the analyst warns that 2011 will be much tougher.

EU still dominates solar PV market

The EU still dominates the solar photovoltaic (PV) market in terms of new installations, according to the European Commission’s Joint Research Centre (JCR).

Iberdrola to invest €4.8bn in UK clean and renewable energy

Iberdrola plans to invest €4.8 billion in UK clean and renewable energy over the period 2010-2012.

Renewable energy growth in Portugal anticipated

An SBI Energy market study shows that Portugal is quickly emerging as a 'green' trendsetter through increased development of renewable energy such as wind, solar and hydropower resources at substantial financial costs.

Smart grids key for greener world economy

Smart grids are key for a greener world economy, according to the World Economic Forum report Accelerating Successful Smart Grid Pilots to be presented at the ‘Summer Davos’ in Tianjin, China.

Scotland aids renewable energy development

Jim Mather, Scottish Minister for Enterprise, Energy and Tourism, has announced plans to improve the development of renewable energy in Scotland.

UK cleantech could create 13,000 jobs in 2011

Investment from venture capital funds and private equity houses could lead to the creation of 13,000 cleantech jobs in the UK in 2011, according to the global executive search firm Kinsey Allen International.

Solaria’s net profit slumps in H1 2010

Solaria Energia has reported a net profit of €438,000 for the first half (H1) of 2010, compared to €3.1 million in the same period last year.

China reaches pole renewable investment position

China overtakes US as most desirable location in which to invest in renewable energy projects according to Ernst & Young's latest Renewable Energy Country Attractiveness Indices.

REpower to become an SE company

REpower Systems AG is in the process of transforming into a European Company (Societas Europaea, SE).

Italy reduces solar subsidy

Italy is reducing funding for solar electricity in three phases starting from 2011.

EU PVSEC: EPIA launches European Photovoltaic Observatory

The European Photovoltaic Industry Association (EPIA) is launching the European Photovoltaic Observatory identifying beneficial market conditions and best practices for solar PV.

Distributed electricity generation can pay Distributed electricity generation can pay

Distributed electricity generation from renewable and clean energy sources can be sold on liberalised electricity markets even without feed-in tariff support, according to a study from Fraunhofer ISE.

IBC SOLAR opens Czech solar PV subsidiary

IBC SOLAR has opened a Czech subsidiary, IBC SOLAR s.r.o., in Prague to serve the Czech and Slovakian solar photovoltaic (PV) markets.

DECC offers clarification on grants and feed-in tariffs

After a period of uncertainty YouGen welcomes the Department of Energy & Climate Change’s (DECC) explanation regarding how previous grants will affect feed-in tariffs in the UK.

Clean Development Mechanism (CDM) projects for India

YES BANK and CarbonDesk will cooperate on emissions-cutting projects to generate offset credits in India.