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4 May 2011

REC revenue takes a knock in Q1

Integrated solar product producer REC’s revenues in the opening quarter of 2011 took a 16 per cent hit due to a combination of seasonal effects and uncertainties relating to the subsidy scheme in Italy.

4 May 2011

Revenue climb can’t help losses at Vestas

Vestas recorded a loss in the first quarter of 2011, despite increasing its revenue by one quarter over 2010 levels.

4 May 2011

Rare earths: The ‘world’s next oil’

Investors are being encouraged to invest in rare earth metals, with analysts estimating that the global market for the resource could soon replace 148 billion barrels worth of oil.

4 May 2011

Semiconductor growth continues in March despite Japan disasters

With many of the world’s largest semiconductor manufacturers and providers based in Japan and other parts of Asia, the semiconductor industry feared that the country’s tsunami and earthquake disasters this March could have a detrimental effect on the industry and supply chain.

4 May 2011

Terra-Gen turns to loan to repay corporate debt

Renewable energy power producer Terra-Gen is to benefit from a cash distribution from one of its subsidiaries, which is about to enter into a senior-secured corporate debt facility to repay corporate debt.

4 May 2011

First Solar shares drop after Q1 sales decline

First Solar's shares dropped further on Nasdaq today, after the company reported a drop in net sales for the first quarter of 2011.

4 May 2011

General Catalyst invests further $5.6m in SustainX

Compressed air energy storage technology developer SustainX has secured $5.6m in follow-on funding from Massachusetts-based private equity firm General Catalyst Partners and its other previous investors.

3 May 2011

REpower bags Canada wind turbine contracts

REpower Systems has signed two contracts for the delivery and maintenance of 55 turbines for projects in Canada, which have been designed for cold climates.

3 May 2011

SunPower stocks climb after Total’s share buy

Stocks of solar company SunPower have jumped since French oil giant Total announced it was to buy a 60 per cent stake in the US company.

3 May 2011

SunBorne, Suntech target India under 100MW solar deal

Utility-scale solar solution provider SunBorne Energy and Suntech Power have entered into a 100MW solar framework agreement to jointly target projects in India.

3 May 2011

Renewable resources to usurp oil and gas, survey shows

Renewable resources will overtake oil, gas and coal as the world’s prevailing sources of energy, according to a new international energy survey focused on the offshore industry.

3 May 2011

Vestas grows China presence with 100MW turbine order

Wind turbine manufacturer Vestas has further underlined its appeal to the Chinese markets with a 100MW order win.

3 May 2011

Offshore wind company SeaEnergy to sell subsidiary to energy consortium

AIM-listed offshore wind energy company SeaEnergy has reached agreement with a consortium of major European energy companies to grant a period of exclusivity to negotiate the sale of the company’s 80.13 per cent interest in its subsidiary SeaEnergy Renewables.

3 May 2011

UK marine industry could be worth £76bn by 2050p

The UK could capture just under a quarter of the global marine energy market - equivalent to up to £76bn to the UK economy by 2050 - according to new analysis released by the Carbon Trust.

3 May 2011

Silfab, Agris to benefit from Ontario FIT under solar deal

Solar module manufacturer Silfab has signed a deal with Agris Solar to provide equipment for its portfolio of installations totalling 9.3MW, which will benefit from Canada’s feed-in tariff scheme.

3 May 2011

Military use of electric vehicles to rocket over next ten years

Military, security and police vehicles will constitute 15 per cent of the total electric vehicle market by 2021, according to new figures released today.

3 May 2011

Xodus Group continues expansion with renewables acquisition

UK engineering consultancy Xodus Group has bolstered its renewables credentials by acquiring specialist consultancy James Ingram & Associates.

3 May 2011

Germany’s first offshore wind farm blows into the Baltics

Germany’s first commercial offshore wind farm is now operating in the Baltic Sea and expected to make a major contribution to the country’s power supply in the coming months.

3 May 2011

Green Climate Fund committee convenes to chalk implementation

The transitional committee tasked with designing the global Green Climate Fund agreed to by governments at the last major United Nations (UN) has convened for the first time, the UN has revealed.

3 May 2011

I2BF invests £1m in fuel cell developer Acal Energy

International clean technology asset management group I2BF has made a £1m investment in Acal Energy, which develops fuel cell power modules for grid power, telecoms and automotive power train applications.

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