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09.08.2011
GE invests $40m in eSolar, enters joint venture
Electronics giant General Electric (GE) has closed a strategic investment worth $40m into US solar thermal developer eSolar. As part of the deal the CEO of GE’s thermal products division Paul Browning will join the board of eSolar.
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08.08.2011
Natural Power contracted by Bord Gais to manage 13 Irish wind farms
Irish power producer Bord Gais Energy has contracted renewable consultancy Natural Power to manage operations of it portfolio of wind farms across Ireland. Natural Power will deploy wind farm monitoring, management and control solution WindCentre to observe and respond to the 13 sites, which have a combined capacity of 225MW.
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08.08.2011
JA Solar’s board to buy back $100m in shares
Photovoltaic (PV) component producer JA Solar’s board of directors have approved a share repurchase programme authorising the company to reacquire up to $100m of the company’s American Depositary Shares (ADS). The arrangement is effective immediately and allows the company to purchase ADSs on the open market at prevailing rates, in negotiated transactions off the market and in block trades.
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08.08.2011
German wind developer PNE sees 50% turnover decline in H1 2011
German wind energy developer PNE Wind has announced turnover of €16.6m for the first half of the year, a huge decrease from the same period in 2010 when turnover stood at €41.1m. EBIT decreased to €0.9m from €8.2m in the first six months of last year. The company attributed falling revenue to a decision to focus on offshore wind projects, which have a higher investment and construction time than onshore developments. The company predicts EBIT to grow to at least €60m by 2013.
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05.08.2011
Sempra Generation enters PPA with PG&E for Nevada PV expansion
US energy company Sempra Generation has entered into a 25-year purchase power agreement with utility the Pacific Gas and Electric Company (PG&E) for the sale of electricity from the 150MW expansion of Sempra’s Copper Mountain Solar facility in Nevada.
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05.08.2011
First Solar becomes latest PV company to see sharp drop in sales
US photovoltaic (PV) company First Solar announced net sales of $533m in the second quarter of 2011, a decrease of $34.5m from the first quarter and $55m compared with the same period in 2010. The company attributed the decrease in revenue to lower average selling prices and policy uncertainties in Europe.
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05.08.2011
EcoEnergy completes 1.6MW rooftop solar development
US renewable company EcoEnergy has completed a 1.6MW rooftop solar installation on a warehouse used by catering supply-chain business WEBstaurant Restaurant Supply. The 7,000 panel development is the first of three that WEBstaurant plans for solar arrays on its facilities in the US and the company estimates this will lead to energy savings of $74,000 a year. The warehouse is located in the Upper Leacock Township around 60 miles west of Philidelphia.
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04.08.2011
MEMC to purchase Fotowatio Renewable Ventures in $100m deal
US solar wafer manufacturer MEMC and subsidiary SunEdison have reached a definitive agreement to acquire photovoltaic factory builder Fotowatio Renewable Ventures’ (FRV) US division. It will pay $122m for the acquisition and repayments of $22.9m in intercompany loans and capital contributions. The final purchase price is subject to adjustments based on the actual figure for intercompany loans and capital contributions at closing. The deal also includes deferred payment of up to $103.6m if FRV meets certain performance criteria.
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04.08.2011
Capital Power, Samsung and Pattern Renewable partner for Canadian wind project
Canadian energy company Capital Power, Samsung Renewable Energy and Pattern Renewable Holdings Canada have entered into a limited partnership for the development, construction and operation of a 270MW wind farm in Ontario, Canada. The project is expected to cost between C$750m ($770m) and C$900m ($924), the majority of which will be funded through project financing.
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01.08.2011
Solar Frontier’s 900MW plant reaches full capacity
Japanese photovoltaic (PV) developer Solar Frontier has announced that its flagship manufacturing plant has now reached full commercial operation and is on track to produce 900MW of solar modules this year.
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01.08.2011
IKEA purchases UK wind farm
Swedish furniture retailer IKEA’s UK division has acquired a 12.3MW wind farm in Aberdeenshire, north Scotland. The farm consists of seven turbines and produces electricity sufficient to cover 30 per cent of the company’s UK consumption. It is the first UK purchase of a wind farm by IKEA and brings the number of turbines owned by the company to 67.
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31.08.2010
Windfarms bring renewable energy and good fortune to Romania
Exiled to the shores of the Black Sea 2,000 years ago, the Roman poet Ovid discovered the powerful winds that blew across that eastern border of the empire. To this day the wind continues to blow inland as far as Fantanele, a Romanian village located a few dozen kilometres from the coast.
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31.08.2010
Empowering Actions to Save Energy Across the Country
I think about energy a lot, and I'm always looking to get other people to think more consciously about energy and the ways they use it. I frequently send links to my friends and family to interesting websites and stories about people tackling our energy issues at home and at work. I also can't help but spread the word on Facebook and Twitter about what people are doing across the country to get smart about saving energy.
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27.08.2010
California Businesses Join Forces to Create Clean Energy Alliance
In the wake of out-of-state oil companies spending millions of dollars to oppose California’s AB32 climate law, an alliance of California businesses as well as labor, environmental and community leaders have partnered to create the California Apollo Program, which provides a strategy on how the state can continue to create clean energy jobs through a number of initiatives ranging from renewable energy use to retrofitting buildings for energy efficiency.
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