Latest news
First Solar slashes its outlook for 2011
First Solar slashed its sales and earnings outlook for 2011 for the second time in two months, while its 2012 outlook is seen below Wall Street view. The new forecast does not include expected charges planned to be allotted for efficiency improving. Currently, the company expects to register net sales between 2.8 and 2.9 billion dollars in 2011, down from its October forecast of 3 to 3.3 billion dollars.
read more... 27/12/2011
E.ON: sharp profit drop on nuclear exit and lower gas earnings
E.ON AG, the biggest German utility, is facing sharp profit drops following a phase out of nuclear energy and a decline in wholesale gas prices.
read more... 06/12/2011
German exit from nuclear to drive Swedish power prices up
Germany’s early phase-out from nuclear power in response to the Fukushima nuclear crisis could lift Swedish power prices. Higher prices in the German wholesale electricity market caused by a shift to fossil fuel-fired power generation could lift Swedish electricity prices in case of dry weather conditions depleting Swedish hydroelectric stocks and ending up in power imports from Germany.
read more... 22/11/2011
Centrica to buy Norway gas fields for 1.6 billion dollars
Centrica Plc agreed to purchase from Statoil ASA Norway’s largest oil and Natural Gas Company assets in Norway gas fields for 1.6 billion dollars. The act of transaction implies sale of Statoil stakes in the Kvitebjorn, Heimdal, Valemon, Skrine-Byggve, Fulla, Frigg-Gamma- Delta, Vale and Rind fields.
read more... 21/11/2011
Chinese solar companies affected by discouraging global demand
Chinese solar companies, Yingli Green Energy Holding Company and ReneSola Limited cut down their third quarter and year-round products deliveries, sales and profit forecasts, blaming the discouraging global demand and company’s write downs.
read more... 14/11/2011