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Siemens buys Solel Solar for $418 million

German industrial conglomerate Siemens agreed to buy Israel's Solel Solar Systems Ltd for about $418 million to expand its business with solar thermal power plants.

Solar thermal company eSolar expands in Africa

Solar thermal power company eSolar Inc said on Friday it granted South African company Clean Energy Solutions exclusive rights to represent and distribute eSolar's concentrating solar power technology across seven countries in Sub-Saharan Africa.

Tucson Electric to buy solar power in Arizona

Tucson Electric Power, a unit of UniSource Energy Corp, agreed to buy power from two solar energy systems to be built in Arizona that would generate enough electricity for more than 6,000 homes, the company said in a release late Wednesday.

Cheap solar? Texan house aims low to win contest

A solar-powered house built by a group of Texas students offers a blueprint for recession-hit U.S. families to reduce their carbon dioxide emissions and their electricity bills without busting their budget.

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Daily Wrap Up - August 6 - Energy

The U.S. Department of Energy announced Thursday, $377 million in funding for research centers across the country to advance solar energy, biofuels, transportation, energy efficiency, electricity storage and transmission, clean coal and carbon capture and sequestration, and nuclear energy technologies.

Energy Dept allocates $377 mln fund for dozens of energy research centers

Daily Outlook - July 28 - Energy

Oil giant BP Plc reported Tuesday its net replacement cost profit declined 53 percent in the second quarter totaling $2.92 billion, but it surpassed analysts' forecast of $2.81 billion, according to Reuters. The decline was due to lower crude and gas prices and weaker refining margins.

India to unveil 20GW solar target under climate plan

India will unveil its first solar power target as soon as September, pledging to boost output from near zero to 20 gigawatts (GW) by 2020 as it firms up its national plan to fight global warming, draft documents show.

Chinese government boosts domestic solar power projects

The Chinese government started a pilot program to provide technological support, subsidies and market pull to solar-power projects, aiming to boost the solar industry as a new growth point for the country's economy, state news agency Xinhua reported on Tuesday.

Politics may make future of solar energy small

The climate change and energy policy bill winding its way through the U.S. Congress shows a new federal eagerness to build a renewable energy future, but what specifically to build where is still up for debate.

Colored dyes offer cheap solar power: Israeli firm

Israeli start-up 3GSolar says it has developed the world's first commercial-size solar energy system that uses colored dyes to turn sunlight into electricity.

Adventurer targets first round world solar flight

Swiss adventurer Bertrand Piccard unveiled Friday the prototype of a solar powered plane he plans to fly around the world to highlight the potential of alternative energy sources.

Calm days, clouds could stymie solar, wind future

Maybe the future of climate friendly energy won't have as much to do with wind and solar energy as current booms in those technologies suggest.

House Democrats push for Friday climate vote

The U.S. House of Representatives is poised to vote on Friday on one of the most significant environmental bills in history -- a sprawling measure that aims to wean industry off of carbon-emitting fuels blamed for global warming.

Incentives add shine to China solar drive

Beijing's bid to boost the solar energy sector could draw more than $10 billion in private funding for projects and put China on track to become a leading market for solar equipment in the next three years.

Beijing plans subsidized pricing for solar power

Beijing is expected to unveil subsidized prices for solar power production as soon as the second half of the year, the South China Morning Post reported on Monday, citing an industry official.

NRG Energy, eSolar plan solar plant in New Mexico

NRG Energy and eSolar will build a 92-megawatt solar thermal power plant in New Mexico, part of an effort to place 500 MW of solar power in California and the U.S. Southwest, the companies announced on Thursday.

U.S. solar financing set to rebound: experts

Financial players who abandoned U.S. solar energy projects last year during the throes of the banking crisis are beginning to return, potentially setting up a boom of new deals by the end of the year, several solar investors said on Wednesday.

Google closing in on cheap renewable energy goal

Google Inc is closing in on its goal of producing renewable energy at a price cheaper than coal, the company's so-called green energy czar, the engineer in charge of the project, said on Tuesday.

U.S. grants $467M for clean energy tech under first 100 days of stimulus

President Barack Obama announced Wednesday the availability of over $467 million from the stimulus package for two Recovery Act energy programs on the 100 days anniversary since the President signed the American Reinvestment and Recovery Act.

BP Solar, SolarEdge to test new efficiency products

BP Solar will join forces with SolarEdge to test new products designed to help solar modules operate more efficiently in harvesting the sun's rays, the companies said on Wednesday.

Solar power could surge by 2050 in deserts: study

Solar power plants in deserts using mirrors to concentrate the sun's rays have the potential to generate up to a quarter of the world's electricity by 2050, a report by pro-solar groups said on Monday.

Suntech posts surprise profit, to issue shares

Chinese solar energy company Suntech Power Holdings Inc on Thursday reported a surprise quarterly profit and said it expects its revenues to grow in the second quarter.

Suntech posts surprise profit

Chinese solar energy company Suntech Power Holdings Inc on Thursday reported a surprise quarterly profit and said it expects its revenues to grow in the second quarter.

'Made in Germany' not enough for solars to prosper

German solar companies that have not yet set up U.S. and Chinese production plants are likely to lose out on significant subsidies and will struggle to bring down their production costs to the levels of their Asian peers.

German solars see recovery after losses

The German solar industry expects a recovery in the second half of this year after a wave of earnings showed on Thursday the sector has written off the first three months as the low point of 2009.

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