The U.S. wind industry reached a milestone during the third quarter, surpassing 50 GW of total installed generation capacity, according to a new American Wind Energy Association report. The industry installed 1,832.7 MW during the quarter, bringing total wind power capacity installations to 51,630 MW. Wind capacity additions in 2012 have totaled 4,728 MW so far, AWEA said in its third-quarter market report. At least 40 electric utilities own or have contracted wind from projects currently online through the third quarter, the association said. The third quarter saw a 52% increase in installed capacity over the year-ago quarter. Twenty-seven wind projects were installed in 15 states during the quarter. The wind industry installed 40% more capacity during the first three quarters of 2012 than the same period in 2011, primarily due to developers racing against the clock to complete projects before the production tax credit, or PTC, expires. The PTC provides wind plants that are in service by Dec. 31 with a tax credit for the first 10 years of electricity production from utility-scale turbines. "This is what a successful policy looks like when it's working, but whether wind will continue to be a bright spot in the U.S. economy now depends on whether Congress acts to extend the production tax credit by the end of the year," AWEA CEO Denise Bode said in an Oct. 18 statement.
BELECTRIC has taken over Konarka Technologies GmbH.
Siemens AG announced plans to give up its loss-making solar business and concentrate its renewable energy business on wind and hydroelectric power. The German industrial conglomerate, whose products range from trains to turbines, said Monday it's in talks with possible buyers, but offered no details. It said the move is part of a wider effort to increase its productivity and efficiency. The solar power industry has been hit by falling subsidies, weaker sales and increasingly stiff price competition, especially by Chinese manufacturers. Siemens said that "due to the changed framework conditions, lower growth and strong price pressure in the solar markets, the company's expectations for its solar energy activities have not been met." Several German solar manufacturers, including Q-Cells SE and Solar Millennium AG, have filed for insolvency over the past year. Another German company in the solar market, SMA AG, announced last week that it will slash up to 1,000 jobs — about a fifth of its global workforce — amid falling revenues and a possible annual loss in 2013 due to the growing price pressures.
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Senior level executives of the global Concentrated Solar Power Industry are gearing up to meet and engage in an industry strategy-planning meeting.
ImagineSolar has announced that Ideal Power Converters has donated their photovoltaic inverter technology to the ImagineSolar advanced training program. ImagineSolar will feature IPC's innovative inverter technology in both their PV320 and PV321 courses.
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This strictly B2B conference focuses on commercial opportunities and challenges brought about by the development of the bioenergy energy market in the UK, international co-operation in biomass trade, and project finance for bioenergy development in the country.
This strictly B2B conference focuses on commercial opportunities and challenges brought about by the development of the bioenergy energy market in France, international co-operation in biomass trade, and project finance for bioenergy development in the country.
Yhis strictly B2B conference focuses on commercial opportunities and challenges brought about by the development of the bioenergy energy market in Ukraine, international co-operation in biomass trade, and project finance for bioenergy development in the country.
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