Policy, investment and markets News for January 2012

Policy, investment and markets News Archive

Gamesa enters electric vehicle market

Gamesa is entering the electric vehicle and energy efficiency market, taking a stake in N2S, a Spanish start-up specialising in intelligent energy services management.

Tonga's renewable energy ambitions boosted by REEEP

The Renewable Energy & Energy Efficiency (REEEP) will help fund Tonga's Energy Roadmap, aiming to decrease dependence on imported fossil fuels, increase energy efficiency and increase the share of renewable energy.

Slowdown in global Q4 renewable energy developments Slowdown in global Q4 renewable energy developments

The fourth quarter of 2011 saw a drop in the number of new global energy and renewable energy development proposals compared to both the same period in 2010, and the third quarter of 2011, according to the latest EIC Monitor quarterly report.

No Europeans among top 10 solar PV cell manufacturers

Despite high demand in Europe, there are no European companies in the latest top 10 list of solar photovoltaic (PV) cell manufacturers from Lux Research.

Solar PV module prices to fall 4% in January

Solar photovoltaic (PV) module prices are expected to fall 4% in January after a 7% increase in December 2011 due to a temporary pick-up in demand ahead of feed-in tariff reductions in a number of key markets, according to IMS Research.

UK Government loses feed-in tariff appeal

The appeal court has refused the Secretary of State permission to challenge an earlier ruling that solar Feed-in Tariffs can not be changed retrospectively; Judge also denies request for DECC to go to the Supreme Court, though DECC now indicates it will seek permission to appeal directly from the Supreme Court regardless of today's decision.

State of the Union: Obama makes the right noises on clean energy

What did President Obama say to excite the renewables industry during his 2012 SOTU speech?

EU offshore wind installations 'stable' in 2011

New offshore wind installations in Europe remained relative stable in 2011 with 866 MW, compared to 883 MW in 2010, according to the European Wind Energy Association (EWEA).

Scotland and Masdar sign clean and renewable energy deal

Scotland's First Minister Alex Salmond and Masdar CEO Dr Sultan Ahmed Al Jaber have signed a deal outlining a detailed plan for clean and renewable energy projects.

US regains renewable energy investment lead over China

US clean energy investments have again surpassed those of China for the first time since 2008, according to Bloomberg New Energy Finance.

UK proposes March solar feed-in tariff deadline depending on court appeal

The UK Department of Energy and Climate Change has made provisions for a 3 March 2012 deadline for the reduced solar feed-in tariff should it lose a court appeal regarding its original December cut-off date.

Mainstream raises €40m for renewable energy projects

Mainstream Renewable Power has raised €40 million in loan notes to finance its domestic and international renewable energy plans.

Renewable Power Generation - 2010 figures

Missed our report into 2010's renewable power generation figures? Catch up here...

Solar drives US$260bn clean energy investment in 2011

Global investment in clean energy reached a new high of US$260 billion in 2011, up 5% on 2010, according to analyst Bloomberg New Energy Finance.

Latin America and the Caribbean see US$30m of renewable funding

The Inter-American Development Bank (IDB) has approved a US$30 million loan for the Emerging Energy Latin America Fund II, aimed to drive clean technologies and renewable energy in the region.

UKH2Mobility government–industry partnership to push rollout of hydrogen powered travel in the UK

The UKH2Mobility project – launched today – is a ground-breaking project to ensure the UK is well placed to handle the commercial rollout of hydrogen fuel cell vehicles in the next three years. The initiative brings together three government departments and 13 industrial partners from the utility, gas, infrastructure, and global car manufacturing sectors.

WFES: Ban Ki-moon launches Sustainable Energy for All Initiative

UN Secretary-General Ban Ki-moon has called on governments, the private sector and society to commit to his Sustainable Energy for All Initiative at the World Future Energy Summit (WFES) in Abu Dhabi, UAE.

Masdar and DBJ invest in solar and wind

Masdar and the Development Bank of Japan plan to invest in solar and wind projects in OECD countries.

AWEA comments on Vestas' possible cuts in the US

Denise Bode, CEO of the American Wind Energy Association, is commenting on Vestas' job cuts and possible US layoffs depending on the extension of the US Production Tax Credit for wind energy.

Germany surpassed record solar PV year 2010

The German Bundesnetzagentur estimates that the sale of new solar photovoltaic (PV) systems in 2011 reached 7.5 GW – slightly up from the 7.4 GW record set in 2010.

Vestas slashes 2335 jobs – with further cuts possible

Vestas is cutting 2335 jobs around the world in an effort to streamline the business and cut costs, and warns an additional 1600 jobs could go in the USA if the production tax credit (PTC) is not extended beyond 2012.

Better renewable energy policies could save €6bn annually

Stepping up to a next phase in policy support for renewable energy could save the EU €4 billion of policy costs a year, and if EU member states increase cooperation, another €2-3bn could be saved in annual policy costs for achieving 2020 targets.

WFES 2012 attracts over 60 ministers from 50 countries

The World Future Energy Summit (WFES) is set to bring more than 60 ministers from 50 countries to discuss key global issues relating to energy policies, development strategies, commercial incentives and industry-related challenges on 16-19 January in Abu Dhabi, UAE.

E.ON takes 10% stake in Brazil's MPX Energia

E.ON is securing a foothold in the South American renewables sector by taking a 10%, US$471 million stake in Brazil’s MPX Energia and setting a up a joint venture to develop 20 GW of renewable and conventional power projects in Brazil and Chile.

Ill wind for China's turbines industry

Chinese wind turbine manufacturers are facing tough times with factors such as safety, quality, reliability and after-sale service possibly tilting the scales in favour of Western companies, says analyst Frost & Sullivan.

Dubai plans 1 GW solar project

Dubai is planning a 1 GW solar project using both solar photovoltaics (PV) and concentrating solar power (CSP) technology in Seih Al Dahal near Dubai-Al Ain road.

REpower buys wind turbine blade manufacturer

REpower Systems SE has bought the remaining 49% stake in the wind turbine blade manufacturer PowerBlades GmbH from SGL Rotec GmbH & Co. KG.

ClearEdge Power in $500m deal for 50 MW of fuel cells to Güssing Renewable Energy

US-based fuel cell manufacturer ClearEdge Power is to supply Güssing Renewable Energy GmbH in Austria with 50 MW worth of continuous onsite power fuel cell systems.

Electronic atlas of US renewable energy

An electronic atlas mapping renewable energy sources in the USA has been developed by the National Renewable Energy Laboratory (NREL).

Vestas' 2011 revenues hit €6bn

Vestas has reported a preliminary revenue estimate of €6 billion for 2011 with an EBIT margin of 0%, due to deferred revenue and earnings, as well as higher-than-expected costs.

REC halves solar wafer capacity at Norwegian facility

REC intends to temporary halt 50% of the capacity at its 300 MW monocrystalline solar wafer facility in Glomfjord, Norway, affecting 65 employees.

Global R&D spending to reach US$1.4trn in 2012

Global R&D spending is set to grow 5.2% to US$1.4 trillion in 2012, according to the Battelle R&D Magazine Global R&D Funding Forecast.

2012 Global Energy Prize open for nominations

The Global Energy Prize, which recognises achievements in energy science, is now accepting nominations for its US$1 million 2012 award.

Renewable energy outpaces fossil fuel and nuclear growth

Renewable energy sources continue to expand rapidly while substantially outpacing the growth rates of fossil fuels and nuclear power, according to the Monthly Energy Review by the US Energy Information Administration (EIA).

Renewable energy accounted for 12.4% of European energy consumption Renewable energy accounted for 12.4% of European energy consumption

The renewable energy share accounted for 12.4% of overall gross final energy consumption in 2010, as against 11.5% in 2009, according to EurObserv’ER's figures for all European Union Member States (EU-27) for 2010.

Europe still a solar hot-spot

The European solar market remains hot despite the financial crisis and subsidy cuts, according to analyst Lux Research.

Need to separate smart grids and smart markets

The German Bundesnetzagentur's paper, Smart Grid and Smart Market, calls for a clear separation of the areas of smart grids and smart markets.

SEIA and the Solar Alliance merge

The Solar Energy Industries Association (SEIA) and the Solar Alliance have merged in the US to present a unified solar industry voice in all advocacy efforts at the state level.

UK Government challenges claim that solar FiT cuts are illegal

UK Energy Minister Greg Barker has announced via Twitter that the Government will try to appeal a ruling that its solar feed-in tariff cuts are illegal.

LDK Solar buys stake in Sunways – proposes takeover.

LDK Solar has entered into an investment agreement with Sunways AG to acquire 33% of Sunways’ increased share capital following a capital increase, at the same time as proposing a takeover.

US wind turbine tower manufacturers join US-China trade dispute

US wind turbine tower manufacturers have joined the widening renewable energy trade dispute with China.

US BLM seeks comments on leasing of solar and wind power

The US Bureau of Land Management (BLM) is seeking comments on its plans for establishing an efficient, competitive process for issuing right-of-way (ROW) leases for solar and wind energy development on public lands.

German solar produced 18 TWh in 2011 German solar produced 18 TWh in 2011

German solar produced over 18 TWh in 2011, up 60% from 2010, according to the Bundesverband Solarwirtschaft (BSW-Solar).

Tata Power acquires rest of Tata BP Solar

Tata Power has signed a share purchase agreement with BP Alternative Energy Holdings to purchase its remaining 51% equity and preference stake in the joint venture (JV) Tata BP Solar.

Renewable energy boosts UK economy by £2.5bn

Figures from the UK Department of Energy and Climate Change (DECC) show that companies have announced plans for almost £2.5 billion worth of renewable energy investment in the UK, with the potential to create almost 12,000 jobs, so far in the financial year 2011/12.