News

• Rising sales boost Yingli profits

  26 August 2010

  Chinese solar component manufacturer Yingli Green Energy posted a 14% rise in net profit in the second quarter, buoyed by increasing sales and higher than expected prices.

• Recovery Act puts US on track to meet renewables targets

  26 August 2010

  Thanks to the stimulus package, the US is on track to meet President Barack Obama's goal of doubling renewable energy generation and capacity by 2012.

• WRI launches online climate finance tracker

  26 August 2010

  The World Resources Institute (WRI) has published an online tool to track rich countries' climate finance pledges – and help observers assess whether they are additional to existing development aid.

• France cuts solar tariffs 12% to avert 'super-profits'

  26 August 2010

  France will reduce solar subsidies for the second time this year, a move analysts say will help to rein in "super profits" and encourage sustainable growth of the sector.

• DNV eyes fast revenue growth for new sustainability division

  26 August 2010

  Verification and certification giant Det Norske Veritas (DNV) has established a sustainability and innovation division, which it expects to generate NOK1.2 billion ($210 million) in revenues by 2014.

• Delivery, financing woes drive Vestas, Suzlon losses

  19 August 2010

  Delivery delays, tight financing and regulatory uncertainty are key factors behind significant losses in the renewables sector, analysts and industry say.

• Gevo files for IPO of up to $150m

  19 August 2010

  Second generation biofuel firm Gevo has filed for an initial public offering (IPO) in the US, hoping to raise up to $150 million.

• BP drags down Norway pension fund

  19 August 2010

  A major Norwegian pension fund has named oil producer BP its worst performing stock, with the fallout from the Gulf of Mexico spill crisis losing $1.7 billion for the fund.

• UK finance directors lag on low-carbon agenda – Carbon Trust survey

  19 August 2010

  Three quarters of large companies in the UK do not measure and report their carbon footprint, while many finance directors remain unprepared for the shift to a low-carbon economy, according to a survey sponsored by the Carbon Trust Standard Company.

• US CCS plan slated for lack of ambition

  19 August 2010

  A US interagency blueprint for commercial-scale deployment of carbon capture and storage (CCS) argues that challenging obstacles can be overcome, such as the lack of a national carbon price and questions over long-term liability.