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TransCanada Power of Calgary is accusing the Massachusetts Department of Public Utilities of favoring offtake agreements with in-state sponsors—including Cape Wind Associates.
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Governments globally handed out 12 times the amount of subsidies to thermal projects than they did to renewables—$557 billion for fossil fuels in 2008 and $43-46 billion for renewables last year.
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Private equity firms are wary of investing in renewables due to uncertain incentives globally, according to a report by international law firm Norton Rose.
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First Solar of Tempe, Ariz., surpassed its second quarter profit expectation and raised its earnings forecast, despite concern that reduced incentives in Germany will diminish demand.
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Constellation Energy has cut down spending on its Calvert Cliffs nuclear project and wants guidance on the second loan guarantee from the federal government before year-end to decide whether to continue development.
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Babcock & Wilcox Co. expects a mini-nuclear facility in Bedford, Va., to be operational next year.
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The Massachusetts Department of Public Utilities denied opponents of the Cape Wind project additional time to review the cost structure of the PPA with National Grid.
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Pre-qualification bids for investing in the 125 MW initial phase of Morocco’s planned $9 billion solar thermal project are due by October 4.
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Manila Electric Co. is planning to add 300 – 600 MW of capacity to its grid over the next three years by buying stakes in existing facilities and expanding them.
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Solyndra has tapped Brian Harrison, former senior executive at Intel, to replace Solyndra founder Chris Gronet as ceo.