News

Gamesa’s wind turbines sales totaled 1,600 MW with 38 per cent coming from Asia.  The United States accounted for 22 per cent of sales. Revenues in services amounted to 227 million euro.

BP estimated is seeking funding from the Australian Government for its new solar energy project in New South Wales. The company estimated it will cost more than US$600 milliion.

Power Finance Corporation Ltd and Nuclear Power Corporation of India Ltd signed an MoU to set up nuclear power projects in India. The Memorandum of Understanding was signed by Mr. Satnam Singh, Chairman and Mnaging Director, PFC and Dr. S.K. Jain, Chairman and Managing Director, NPCIL. 

General Electric wants to expand in Vietnam after putting into operation the Hai Phong wind turbine factory.

EAB got approval from local authorities to invest in the wind power project in the Vinh Chau district, Soc Trang province.

Chinese and South Korean firms want to invest in the $2.1 billion coal-fired power plant in Quang Ninh province. It is being built by the United States-based AES Corporation and its Vietnamese partner Vinacomin.

Neo Solar Power launched two new high-efficiency products, multi-crystalline Super17” and mono-crystalline “Perfect18”. Both products debuted in the “Intersolar 2010” in Munich, Germany in June 2010 and were highly appreciated by the customers.   The Hsinchu, Taiwan-based NSP’s newly launched 6 inch multi-crystalline “Super17” has breakthrough average conversion efficiency of above 17 per cent. “Super17” demonstrates panel makers the potential to increase power output to 250W, using 60-cell configuration. In addition, NSP’s 6 inch square mono-crystalline “Perfect18” with the “full square wafer” not only increases the active area by more than 2per cent compared to the conventional “pseudo-square” with the cut-off corners but also demonstrates extremely low light induced degradation. “Perfect18” has superior average efficiency of above 18%. With superior power density, “Perfect18” will be able to provide panel power output of 260W, using 60-cell configuration.   “These two ideal solutions are recognition of our efforts in strengthening R&D and enhancing production knowhow in producing high quality and high efficiency cells,” said Dr. Quincy Lin, Chairman of NSP.        

NSP will get 350 MW of solar wafers from GCL-Poly from the fourth quarter of 2010 to the end of 2013.   Neo Solar Power’s signing of a 3-year wafer supply contract with GCL –Poly further consolidated the long-term strategic relationships between both sides.   This long-term cooperation sustains both companies on production capacity and business operation, leading to significant expansion on global presence and a win-win situation.

Vestas wants to increase business in China and develop new clean tech solutions with Chinese partners.   "We see our role in China, one thing is to increase business with our customers, the second is to further cooperate with China to develop new clean tech solutions for the benefits of our business in and outside China," said Vestas CEO Ditlev Engel.

China Hydroelectric Corporation will acquire a controlling interest in a total of 55.4 gross MW of operating installed capacity in Fujian province.

Suntech Power will supply 9.43 MW of solar panels and technical support for the second phase of a 44 MW solar power plant in Thailand.

New England solar energy companies wants to compete with China in producing cheap solar panels.

GE and SGCC will form several joint ventures to address China’s growing energy needs. It also seeks to electrify China’s vast transportation infrastructure. These joint ventures, part of GE’s plans to invest US$2B in China through 2012, will play a vital role in supporting the country’s energy demand through the development of a smarter grid that will help achieve environmental and economical goals.

Reliance Power Limited has placed an order for 30,000 megawatt capacity of boiler, turbine, generator packages with theShanghai Electric Group Company. It will be used for its coal based power plants. Reliance Power and SEC have signed memorandum of understanding to cover the financing with leading Chinese Banks such as Bank of China, China Development Bank, the Export-Import Bank of China and Industrial and Commercial Bank of China. The agreement with the Chinese banks allows Reliance Power to get financing for importing Chinese equipment for up to $12 billion.

Reliance Power will borrow US$5 billion with the Export-Import Bank to  finance its 900-MW of renewable technologies. These include solar and wind energies as well as up to 8,000 MW of gas-based power-generation technology.

A hydropower project in Nepal is being eyed by three Indian companies and a joint venture and three Chinese companies.