Philippine conglomerate Ayala Corp has bought a 50 per cent stake in a company that operates a 33 MW wind farm in northern Ilocos Norte province, and is eyeing investments in hydropower projects.
A-Power Energy Generation Systems Ltd has signed a $30.5 million contract to develop a biomass power plant in Shandong province in China.
Florida Power & Light (FPL) Company has announced that it has created what it claims to be the “world’s first hybrid solar energy centre”. The plant, the FPL Martin Next Generation Solar Facility, sits on 500 acres of Western Martin County in Florida and has a field of over 190 000 solar thermal mirrors.
The UK is ready to boost payments to factories, offices and supermarkets that reduce energy use, as rising demand drives up prices and the companies turn to cleaner but less-reliable power.
The chief executive of power generator NRG Energy Inc., David Crane, expects the demand for large solar projects to wane in the next few years, but this is not stopping his company from investing in it before the market gives way to smaller scale power generation.
Mitsubishi Corporation has acquired a 15 per cent share in four Concentrating Solar Power (CSP) generation plants in Spain.
Spain's Iberdrola SA has reported that its fourth-quarter net profit rose 0.8 per cent on higher power generation in Spain and bigger profits from the power utility's international operations.
Drax Group, operator of the UK’s biggest power station, has repeated a plea for more UK Government support for biomass burning, as it reported higher annual profits and sales.
Solar Guide, a free online resource for homeowners and engineers regarding solar-related issues, has found the average price of a domestic solar PV installation in the UK to be less than £12 000.
A total of 14 UK projects have applied for European Union funding of around €4.5 billion for carbon capture and storage and innovative renewable energy projects across the region, the UK government has said.