Italy’s total installed photovoltaic capacity can reach 8,000 megawatts by the end of this year, hitting a target the country has set for 2020, Italy’s state energy services agency GSE said on Tuesday.
The news is quoted saying:
Italy’s total installed photovoltaic capacity, which turns sunlight into power, jumped to 3,000 MW at the end of 2010 from 1,142 MW at the end of 2009 as operators rushed to sign up for generous incentives which expired at the end of 2010, GSE said in a statement.
NextEra Energy Inc, utility owner and the nation’s largest renewable energy company, posted weaker-than-expected quarterly earnings but said it still aggressively expanded its wind power capacity.
The news is quoted saying:
The company now owns 8,298 MW of wind power capacity, equivalent to about eight nuclear power reactors, and sold another 1,238 MW of wind power purchase agreements (PPAs) last year, including 454 MW in the fourth quarter.
Hyundai Heavy Industries (SEO:009540), the world’s largest shipbuilder, will double its investment in the renewable energy business during the next three years, mostly for solar power products, a company spokesman said.
The news is quoted saying:
The increased investment comes as Hyundai, which also makes marine engines and energy equipment, hopes to earn more of its future profit from non-ship divisions.
The following table shows China’s five major state-owned power generating groups’ operational results in 2010, as reported by the companies or official media.
The news is quoted saying:
The results will be different from those to be disclosed by their listed units such as Huaneng Power International (0902.HK)(600011.SS), China Power International (2380.HK), Datang International Power Generation Corp (0991.HK)(601991.SS).
Yesterday FSLR cleared that important 155 level, closing at a new 52 week high after Goldman Sachs posted a Buy recommendation and news of a $1 billion manufacturing plant in Vietnam hit.
The news is quoted saying:
Goldman believes solar panel makers will avoid a hard landing this year and believes the industry will expand 13 percent as prices fall while governments continue to invest in solar.
President Barack Obama will set a goal for U.S. power plants to produce 80 percent clean electricity by 2035 in his State of the Union address on Tuesday to help boost the economy and create jobs.
The news is quoted saying:
Obama said he wants Congress to eliminate billions of dollars in subsidies for oil companies to help pay for investment in clean technologies, such as wind and solar power.
The Bedford Report examines investing opportunities in Alternative Energy and provides research reports on JA Solar Holdings Co. (NASDAQ:JASO) and Crosswind Renewable (PINK:CWNR).
The news is quoted saying:
Wind Energy stocks are once again in the spotlight as the Obama administration looks to boost use of wind power and is taking steps to speed-up the approval process for offshore wind energy leases.
Woodward Governor Company (NASDAQ:WGOV) today reported financial results for its first quarter fiscal year 2011.
The news is quoted saying:
Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment. We serve the aerospace and defense, power generation and distribution, and transportation markets. Our systems and components optimize the performance of commercial aircraft; military aircraft, ground vehicles and other equipment; gas and steam turbines; wind turbines; reciprocating engines; and electrical power systems.
Enbridge Inc. (TSE:ENB,NYSE:ENB) will host a webcast conference call to discuss its 2010 year end financial results.
The news is quoted saying:
Within North America, the toll-free call in number is 1-866-700-7101. Interested parties outside North America can call in to +1-617-213-8837. The access code is 50707710. To register for the webcast, interested parties are invited to visit enbridge.com/InvestorRelations.
SMA Solar (ETR:S92) said it now sees its 2010 profitability reaching the lower end of its outlook range after incentive cuts caused fewer Germans to install solar panels in the second half of the year.
The news is quoted saying:
Demand for solar products spiked in Germany ahead of expected subsidy cuts there, which had prompted SMA Solar as well as rivals such as Q-Cells (QCEG.DE) and Centrotherm (CTNG.DE) to raise their 2010 outlook.
