RENEWABLE ENERGY

Stressed solar looks beyond Wall St. for capital

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The solar industry needs $2 billion to expand next year, but with Wall Street still nervous about backing risky and capital intensive ventures, companies are looking beyond to boutique banks and other sources of funding to avoid falling behind.
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Europe's wind companies snap up U.S. stimulus cash

European companies have scooped up the majority of U.S. stimulus money set aside for wind power projects, drawing on their expertise and global reach to tap into Washington's effort to grow the base of renewable energy sources.
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Siemens aims to be in top 3 in wind power by 2012

German conglomerate Siemens, the world's market leader in offshore wind turbines, is aiming to become one of the top three suppliers to the wind power market by 2012, the head of its Wind Power unit said.
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Siemens aims to be in top 3 in wind power by 2012

German conglomerate Siemens, the world's market leader in offshore wind turbines, is aiming to become one of the top three suppliers to the wind power market by 2012, the head of its Wind Power unit said.
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Green fund Impax eyes Copenhagen boost in U.S.

Environmental investment manager Impax Asset Management Group Plc is preparing to capitalize on the buzz around the Copenhagen summit to tap into new markets in the United States, the group's CEO said on Wednesday.
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UK must take smart meter step to climate goal

Smart meters, which encourage consumers to cut energy consumption, are crucial for Britain to limit costs for achieving its ambitious 2050 greenhouse gas reduction target, an executive from National Grid said.
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Britain, Italy top picks for windpower investment

Germany and Spain will provide Europe's biggest growth in windpower over the next decade but Britain and Italy might give the best returns on investment, the head of the European Wind Energy Association said on Friday.
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Canadian Solar plans 500-job plant in Ontario

Canadian Solar Inc said on Thursday it plans to build a C$24 million ($22.9 million) plant to manufacture solar panels in the province of Ontario, taking advantage of rich incentives for renewable power projects.
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Egypt eyes solar power exports, costs too high now

Egypt, which plans to start its first solar power unit in 2010, said on Tuesday it wanted to expand solar power production for export but that costs of the technology would need to fall first to make it feasible.
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Germans miss out on cheaper electricity

Millions of Germans will pay more for their electricity despite sharply lower fuel prices, footing the bill for utilities' losses, renewable energy and higher transmission grid charges.
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Green energy rush could crash Bulgaria power grid

A rush to cash in on incentives to develop renewable energy projects in Bulgaria could end up in so much new supply it could cause blackouts on the national grid, the operator told Reuters on Tuesday.
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Germany to post record rise in solar capacity

Germany will add a record of up to 3 gigawatt (GW) of photovoltaic capacity this year due to unexpectedly strong demand in the final months of 2009, the head of Germany's BSW solar industry association said on Monday.
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Algeria says to open solar panel factory

Oil and gas producer Algeria is to build a plant to manufacture solar panels as part of a plan to draw 5 percent of its electricity from renewable energy by 2015, state media reported.
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Greenpeace says Europe smart power grid affordable

Revving up European power transmission networks to transport 90 percent of renewable energy by the year 2050 could be achieved at affordable sums, pressure group Greenpeace said in a study published on Friday.
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Suntech, Trina Solar see demand rising; shares up

Chinese solar companies Suntech Power Holdings Co and Trina Solar Ltd posted higher-than-expected earnings on Thursday and said demand for the clean energy systems was rebounding after a dismal year.
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UK small wind blows strong despite recession

Britain's small wind sector is booming despite the recession as many rural homes, farms or small business are putting up turbines in the yard to counter higher energy prices and blackouts.

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