SOLAR

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SunPower, MEMC offer hope of solar recovery

U.S. solar companies SunPower Corp and MEMC Electronic Materials Inc on Thursday offered hope that the beleaguered solar industry is on the mend, each posting quarterly earnings and giving revenue outlooks that topped Wall Street estimates.

First Solar, EDF venture to build largest solar plant in France

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Solar maker First Solar Inc. and EDF Energies Nouvelles - half owned by France's state owned utility - will venture to build what the companies call the largest solar panel manufacturing plant in France, representing an expected investment of 90 million euros ($128 million), they said in a statement Thursday

Wall St. seeks sunny forecasts in solar earnings

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Investors are looking for signs of a recovery in solar panel demand when manufacturers report earnings in the coming weeks, though panel prices are still falling fast and earnings may not see a meaningful improvement until 2010.
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Chinese government boosts domestic solar power projects

The Chinese government started a pilot program to provide technological support, subsidies and market pull to solar-power projects, aiming to boost the solar industry as a new growth point for the country's economy, state news agency Xinhua reported on Tuesday.
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Politics may make future of solar energy small

The climate change and energy policy bill winding its way through the U.S. Congress shows a new federal eagerness to build a renewable energy future, but what specifically to build where is still up for debate.
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Sahara Solar project to move forward at Munich meet

A group of companies from Europe and northern Africa will meet in Munich on Monday to map out concrete steps for a series of large-scale renewable energy projects worth 400 billion euros ($560 billion) over 40 years.
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First Solar sees costs down by a third in 5 years

First Solar Inc on Wednesday said it expected to cut manufacturing costs by a third or more over the next five years, mainly by making its solar panels more efficient at transforming sunlight into electricity.
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Sahara solar plan win-win for Europe and North Africa

A 400-billion euro ($554 billion) project linking solar power produced in the Sahara to energy users in Europe and North Africa is a win-win for both continents and could also promote integration around the Mediterranean, a German minister said.
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Incentives add shine to China solar drive

Beijing's bid to boost the solar energy sector could draw more than $10 billion in private funding for projects and put China on track to become a leading market for solar equipment in the next three years.
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Kyocera eyes solar panel growth in Japan

Kyocera Corp, fighting to hold its own in a competitive solar panel market, is banking on a revival of Japanese subsidies to bolster sales, and said orders for its panels in Japan have jumped this year.
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Cal PUC approves SCE 500-MW rooftop solar program

A program to place 500 megawatts of solar photovoltaic panels on commercial rooftops in the Southern California Edison territory was approved unanimously by the California Public Utilities Commission on Thursday.
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California utility cuts new solar thermal deal

Southern California Edison, a utility arm of Edison International, said on Wednesday it had signed contracts to buy up to 960 megawatts of power from solar thermal and wind power suppliers.
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Germans plan $555 billion Africa solar project: report

A consortium of around 20 companies, including Munich Re, Siemens, RWE and Deutsche Bank, plans to build a 400 billion euro ($555.3 billion) solar power project in Africa, a Munich Re executive told a German newspaper on Tuesday.
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Beijing plans subsidized pricing for solar power

Beijing is expected to unveil subsidized prices for solar power production as soon as the second half of the year, the South China Morning Post reported on Monday, citing an industry official.
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NRG Energy, eSolar plan solar plant in New Mexico

NRG Energy and eSolar will build a 92-megawatt solar thermal power plant in New Mexico, part of an effort to place 500 MW of solar power in California and the U.S. Southwest, the companies announced on Thursday.
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GE, 3M and others get U.S. funds for PV-linked projects

General Electric, 3M and DuPont and twenty one firms more were given the green light by the U.S. government for up to $22 million worth in investments for projects with the potential to impact the photovoltaic (PV) solar industry within 2 to 6 years, the Department of Energy announced Thursday.
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Solar stocks rally on China support, oil prices

Solar stocks rallied on Wednesday as investors bet that increased Chinese interest in solar power, higher oil prices and signs of improvement in lending and financing will help spur demand for the clean energy source.
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U.S. demand for residential solar rising in '09

U.S. demand for residential solar power installations is surging despite an economic recession, thanks to government financial incentives, some easing in credit availability, and increasing public recognition of its environmental benefits, industry executives said on Tuesday.

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