Policy, investment and markets News for November 2011

Policy, investment and markets News Archive

Martin Hiller new Director General of REEEP

The Renewable Energy and Energy Efficiency Partnership (REEEP) has appointed Martin Hiller from the World Wide Fund for Nature (WWF), as its new Director General.

Temperature differences create electricity

Temperature differences can be used to create electricity, or so-called thermoelectricity, according to scientists at the Centre for Materials Science and Nanotechnology at the University of Oslo (UiO) and the Foundation for Scientific and Industrial Research (SINTEF) in Norway.

IEA warns against past mistakes for renewable energy deployment

The International Energy Agency (IEA) has released guidance for policy makers and other stakeholders to avoid past mistakes, overcome new challenges and reap the benefits of deploying renewable energy.

Wind power helps EU reach emission cut target

European wind power production could meet 31% of the EU's 20% emissions reduction target and even enable an increase in EU's climate goals, according to the European Wind Energy Association (EWEA).

ZF buys Hansen Transmissions International

ZF Friedrichshafen AG has completed the compulsory acquisition of all remaining shares of gear and torque specialist Hansen Transmissions International, and all outstanding rights under the Hansen warrant plans.

China passes US in clean energy investment

US think tank Third Way says China has surpassed the United States as the top nation in total clean energy investments, attractiveness for renewable energy investment and overall patents filed since 2010.

Study: Energy and ports are profitable for investors in Finland

Municipal infrastructure units, such as energy utilities and ports, provide good returns to their investors, according to the Technical Research Centre of Finland (VTT).

Solarhybrid and First Solar JV to take over Solar Millennium's US pipeline

Solarhybrid AG and First Solar may form a joint venture (JV) to take over Solar Millennium AG's US solar project pipeline, including the 1 GW Blythe project.

First Solar on the patent throne for solar PV

First Solar's patenting activities have largely outstripped that of its key competitors in Europe and China, according to analyst CambridgeIP.

NRG Energy acquires Solar Power Partners

NRG Energy has acquired the developer of commercial and industrial distributed solar projects, Solar Power Partners, for an undisclosed sum.

US renewable energy needs new money, investors and finance models

The US renewable energy sector must attract new investors and make use of unique tax-based financing structures in the next 18 months or risk a sharp drop in new project builds, according to a Bloomberg New Energy Finance report commissioned by Reznick Group.

Oslo opens new hydrogen station, as fuel cell car fleet grows to 17 vehicles

A third hydrogen refueling station has been opened in Oslo, as the Norwegian capital works to become an international hotspot for zero emission vehicles. The inauguration also saw the arrival of two new fuel cell cars from Korean automaker Hyundai, with a total of 17 fuel cell vehicles now operating in the region.

ABB acquires renewable energy integration specialist

ABB is expanding its portfolio of control technologies for managing renewable energy integration through the acquisition of Australian renewable power automation company Powercorp.

Global solar PV to reach 24 GW in 2011 Global solar PV to reach 24 GW in 2011

Global solar photovoltaic (PV) installations could reach 24 GW in 2011, according to IMS Research.

Manz plans to buy Würth Solar's CIGS module line

Manz AG has signed a letter of intent to acquire the innovation line for CIGS solar modules from Würth Solar, integrating the production site and 118 Würth Solar employees into the group.

Investor confidence in established EV players

Investors are retaining their confidence in established electric vehicle (EV) players despite the small market size, according to the Clean Energy Pipeline and the American Council On Renewable Energy (ACORE).

Eurozone crisis could cause US$45bn climate change funding gap

Austerity measures could lead to a potential climate change funding gap of US$45 billion by 2015, according to Ernst & Young.

Congresswoman Sánchez launches clean energy jobs plan

US Congresswoman Linda Sánchez has announced the American Microturbine Manufacturing and Clean Energy Deployment Act (H.R. 3394), giving producers of microturbine technology the same tax credits other renewable and fuel cell technologies receive.

AWEA welcomes Governors’ endorsement of wind incentive

The American Wind Energy Association (AWEA) has welcomed a bipartisan Governors' Wind Energy Coalition endorsement of legislation for a four year extension to the production tax credit (PTC) for wind energy.

Germany reaches €393m in support for hydrogen and fuel cell technology

Germany has so far spent €393 million on the development of hydrogen and fuel cell technologies.

Isle of Wight aims for net energy exports by 2020 in EcoIsland sustainability project

The Isle of Wight – a peaceful, modest-sized island off the English south coast – plans to become a net energy exporter of energy by 2020, while halving residents’ energy bills, eliminating waste going to landfill, and creating a significant number of green technology jobs. The EcoIsland initiative is the largest single sustainability project in the UK.

Renewable energy spending to total US$7trn to 2030

The annual value of renewable energy capacity installed will double in real terms to US$395 billion in 2020, rising to US$460bn in 2030, compared with US$195bn in 2010, according to Bloomberg New Energy Finance.

TSMC leads solar CIGS model efficiency ranking

TSMC' TS-150 CIGS solar photovoltaic (PV) module leads Solarplaza's most recent top 10 ranking for solar PV modules with an efficiency of 13.8%.

Updated: Is Sharp Solar reviewing its UK presence?

Sharp Solar could be reviewing its presence in the UK following the announcement of further cuts to the UK feed-in tariff, media say.

ITM Power says HFuel hydrogen costs already below European 2015 target

ITM Power has announced the cost structure of hydrogen generated by its HFuel electrolysis platform. The company has derived a representative hydrogen price by combining the capital cost along with operating efficiency gained from completed refuelling trials.

LDK Solar reduces Q3 revenue forecast by a quarter

LDK Solar has reduced its third quarter (Q3) revenues forecast by about a quarter to US$460-470 million, as the company is hit by rapidly declining prices for solar wafers and modules.

Gamesa meets FY sales forecast in first three quarters

Gamesa has met its sales forecast for the full year of 2011 by the end of the third quarter, with 2805 MW – 94% of which has been outside Spain.

Global renewable energy share in 2035: 18%

The renewable energy share of the global energy mix could rise from 13% in 2010 to 18% in 2035, according to the International Energy Agency's (IEA) 2011 World Energy Outlook.

Plug Power, Air Liquide to develop European market for hydrogen fuel cell forklifts

US-based fuel cell manufacturer Plug Power is creating a joint venture with Axane in France, the fuel cell subsidiary of Air Liquide, to meet growing demand for GenDrive® fuel cell products across the European material handling market.

Scotland gets £103m in renewable energy funding

Scotland has been awarded £103 million from the UK Fossil Fuel Levy to spend on renewable energy investments.

Solar PV manufacturing equipment revenues to halve in 2012

The solar photovoltaic (PV) manufacturing equipment market could more than halve in 2012, according IMS Research.

California on track to 3 GW of solar by 2016

Environment California Research & Policy Center says California’s 'Million Solar Roofs Initiative' is on track to meet its goal of installing 3 GW of solar capacity by 2016.

SolarWorld testifies against China's aggressive solar exports

SolarWorld Industries America Inc has testified before the International Trade Commission (ITC), saying Chinese manufacturers are flooding the US market with solar products backed by large government subsidies.

UK solar installation rates to fall 'drastically'

The UK's Renewable Energy Association (REA) says the latest fast-track review of solar feed-in tariffs in the UK could have been avoided had the industry been listened to.

Plumbing provider buys Aztec Solar Power stake

Sloan Global Holdings LLC has purchased a “significant interest” in the solar engineering, purchasing and construction company Aztec Solar Power, LLC for an undisclosed sum.

Obama affirms concern about China’s renewable energy trade

In response to SolarWorld and a coalition of US domestic solar manufacturers' complaint against China, President Barack Obama cites “questionable competitive practices coming out of China” and says his Administration has aggressively countered “these kinds of dumping activities.”

India’s solar market to reach 9 GW by 2016

India could see over 9 GW of solar installed between 2011 and 2016, according to the report The India Solar Market: Strategy, Players, and Opportunities from GTM Research and BRIDGE TO INDIA.

Bipartisan extension of US renewable energy tax incentive?

US Representatives Dave Reichert (R-WA) and Earl Blumenauer (D-OR) have introduced the bipartisan American Renewable Energy Production Tax Credit Extension Act (H.R. 3307), extending tax incentives for renewable energy production through 2016.

Solar PV capacity expansion slows to 10% in 2012 Solar PV capacity expansion slows to 10% in 2012

The expansion of solar photovoltaic (PV) module, cell and wafer manufacturing capacity will slow dramatically throughout the rest of 2011 and the first half of 2012, according to IMS Research.

Campaigners warn against UK tax hike on biodiesel

By introducing a tax hike on biodiesel produced form used cooking oil, the UK Government is at risk of flushing its environmental aspirations down the drain, according to an alliance of users and producers of biodiesel.

Aberdeen as a global energy centre of excellence

Aberdeen could become a global energy centre of excellence, according to the report 'Northern Lights: a strategic vision of Aberdeen as a world-class energy capital' by PwC in Aberdeen.

Desertec to construct first solar farm in Morocco

The Desertec Industrial Initiative (DII) says Morocco will be the first location for building a solar thermal power plant as part of the €400 billion Desertec project for developing renewable energy in the Middle East and North Africa (MENA) region.

Masdar and Scotland to cooperate on renewable energy?

Scotland's First Minister, Alex Salmond, has said Masdar could be a future hub for further developing Scottish low carbon technology during a visit to the UAE.

Asian Photovoltaic Industry Association appoints first chairman

The newly established Asian Photovoltaic Industry Association (APVIA) has appointed Suntech Power's CEO and Founder, Dr Zhengrong Shi, as its first Chief Chairman.

Germany reduces solar PV feed-in tariff by 15%

The German Bundesnetzagentur has set the 2012 feed-in tariff for solar photovoltaic (PV) installations, which see rates drop by 15%.

AMSC pulls out of The Switch acquisition

AMSC has terminated the acquisition of The Switch Engineering Oy due to “adverse market conditions”.

USA: 9 out of 10 support solar

A poll reveals that Americans support the use and development of solar power as well as Federal investments in solar technology.

Beacon Power bankrupt

Beacon Power Corp joins the list of US Department of Energy (DoE) loan guarantee recipients filing for bankruptcy this year.

China hits back at solar dumping accusation

China hits back at the accusations brought forward by some US solar manufacturers that Chinese manufacturers are selling illegally subsidised solar products in the US.

Dedicated line for wind energy in EU budget

The European Parliament has voted to create a dedicated budget line for wind energy research and development with €1 million for 2012.

EU free movement of electricity

The European Commission has proposed new EU legislation for speeding up and financing new energy infrastructure offering €9.1 billion in support.

China Ming Yang secures US$5bn funding for wind

China Ming Yang has been granted potential financing of up to US$5 billion from the China Development Bank Corp for further developments of wind power in China and around the world.