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China: MoF has approved solar projects for a total of 2.83 GW under the Golden Sun project

The Golden Sun program was started by the Ministry of Finance (MoF), Ministry of Science and Technology, and the National Energy Administration in 2009, with the objective to support financially the projects ranging from photovoltaic generation facilities in industrial parks to large solar power stations. Under this program, the MoF has approved projects for a total of 2.83 GW, which need to be constructed by the end 2013.

read more... 14/12/2012

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China boosts its solar subsidies in 2012, soaring Chinese solar stocks

China has boosted subsidies for its solar industry by 7 billion yuan ($1.1 billion) in 2012 to a total of 13 billion yuan, the government said on Wednesday, move aimed to help manufacturers crippled by excess capacity and fading foreign demand.

read more... 13/12/2012

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Vestas cuts production and worker hours at its Brighton facility

The Danish wind turbine manufacturer Vestas has announced currently that it intends to cut production at its Brighton and Windsor facilities, and will also cut the employee hours, due to a slowdown of wind industry in the U.S. and a reduction in turbine orders for 2013.

read more... 12/12/2012

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EIA released their Energy Outlook Report for 2013

The Energy Information Administration has released this week its 2013 Energy Outlook Report which forecasts that by 2040 renewables will meet 16% of US energy demand in comparison to 13% in 2011.

read more... 07/12/2012

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The European investment Bank to provide a 155 million euro loan to Bord Gàis

The European Investment Bank (EIB) has granted a 155 million euro loan to Irish energy company, Bord Gàis, to support the construction of six onshore wind farms, in Counties Tipperary, Clare and Kilkenny, with a total combined capacity of 141 MW.

read more... 05/12/2012

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