RENEWABLE ENERGY

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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.

Egypt eyes solar power exports, costs too high now

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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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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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Wind farms 20 pct of Australia new power projects

Wind farms account for about a quarter of Australian electricity generating developments now under construction or planned as the country moves to increase its reliance on renewable energy, a government report said on Wednesday.
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Indonesia forestry laws curbing geothermal-industry

Indonesia needs to relax its laws to make it easier to explore for geothermal energy in protected forests if it is going to meet a target of lifting electricity demand from renewables, an industry official said on Monday.
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Energy Conversion posts second straight loss

Energy Conversion Devices Inc on Monday reported its second straight quarterly loss, with sales coming in way below estimates, as demand for its solar products remained soft.
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Enel Green Power buys into 64 MW Italy wind schemes

Enel Green Power, renewable energy arm of Italy's biggest utility Enel, has bought a majority stake in two wind power projects in Italy with a total installed capacity of 64 megawatts, the company said on Monday.
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Ocean Power wins grant for Australian wave project

Renewable energy firm Ocean Power Technologies has won a A$66.5 million ($61 million) grant from the Australian government for a project set to be one of the first to generate power from waves on a utility scale.
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EDF Energies Nouvelles coping well in the crisis

The current economic climate is favorable for French wind and solar power company EDF Energies Nouvelles as equipment prices remain low and banks are more prepared to lend, its chief executive said.
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Sen. Schumer assails Texas wind power project

U.S. Senator Charles Schumer called on the Obama administration on Thursday to block the use of any U.S. economic stimulus funds for a wind farm project in West Texas that would use turbines built in China.
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KBC favors wind over sun in renewable investments

Investing in wind power offers safer, less volatile returns in the current market environment than the solar sector, a fund manager of KBC's asset management arm told Reuters. We as investors like strong, steady growth, which is why we currently favor wind more than solar, which is expected to see more volatility in the short term, said Treasa Ni Chonghaile, manager of KBC's Eco Alternative Energy fund.
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UK energy park gets all clear

Peterborough Renewable Energy Limited (PREL) has been granted approval to build a waste recycling and green power plant that could eliminate the need for landfill sites in the area, the government said on Wednesday.
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China's renewable curbs a boon to big players

China's efforts to curtail expansion in its renewable energy sector should brighten prospects for the country's more established wind equipment and solar companies, as curbs on excess capacity squeeze out smaller competitors.

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