Vestas Wind Systems A/S, the biggest maker of wind turbines, climbed in Copenhagen trading after winning its largest order for a single power-generation site.
Vestas will supply 190 turbines of its V90-3.0 megawatt model to Terra-Gen Power LLC’s Alta Wind Energy Center near Tehachapi in California, the Randers, Denmark-based company said yesterday in a stock-exchange statement.
The order is the fifth Vestas signed in the U.S. this year after winning no contracts in 2009 in the biggest wind-turbine market as the credit crunch squeezed financing for projects. Vestas is spending about $1 billion to expand production capacity in the U.S. where it competes with General Electric Co. over a market that Chief Executive Officer Ditlev Engel has described as having the world’s best wind resources.
“This is an important order because it will help the market’s confidence in Vestas management,” Stig Nymann, an analyst with Copenhagen-based Laan & Spar Bank A/S, said in an e-mail. “This order reduces the risk that Vestas will have to lower its full-year forecast in the next earnings report.”
A Beijing-based biotechnology company is in the limelight for providing 23 tons of oil-eating bacteria to help clean up the 183-square-kilometer (114-square-mile) slick around China’s northern Dalian port, after two oil pipelines exploded there last week.
The company’s name, called Weiyeyuan in pinyin, is Beijing Micro-Cleaner Biotechnology Co. It’s young: An introduction on its website says it was founded just last year and that the company makes “environmentally friendly microbial products.”
There have been many such memos and initiatives, but this time, top lab directors are convinced that things are different.
As of last month, the memo has given life — and funding — to three separate research projects meant to accelerate development of carbon capture and storage, or CCS, under the two nations’ Clean Energy Partnership. The partnership will tackle issues around the cost of deploying the technology in China, improving gasification methods, and developing more efficient synthetic gas-to-natural gas conversions.
The research areas are not new problems. For the Pacific Northwest National Laboratory (PNNL), which has a long track record working with China, what has changed for the laboratory’s leadership is the level of commitment it sees from its international partner.
Climate change campaigners yesterday welcomed UN plans to amend the way changes to the Kyoto protocol are made in an effort to salvage negotiations on a new international deal.
Under the plans, countries could be forced to accept decisions made by a majority of members. Currently, no resolution can be passed by the group without full agreement.
The UN’s suggestion shows its acceptance that, after two years of deadlock, there is little chance the body will reach a global deal to reduce greenhouse emissions and tackle global warming in November in Cancun, Mexico – the next time world leaders will meet to hammer out a follow-up to the Kyoto protocol.
“It reflects the degree of desperation – and justifiable desperation – on the part of the UN,” said Mark Lynas, an adviser to the Maldives government at the Copenhagen summit last year.
The state, facing a ballot initiative to roll back its landmark climate change law, has pushed back a $63 million fee to pay for the legislation until after the November elections.
The California Air Resources Board was supposed to begin collecting fees from oil companies, utilities and other energy producers last year to pay for the greenhouse gas reduction law.
But a lawsuit by business organizations and taxpayer advocates “” combined with the ongoing state budget crisis “” has pushed back the implementation date to November.
“We’re disappointed with the delay,” said Bonnie Holmes-Gen, senior policy director for the American Lung Association of California. “We need to start the policy of having polluters pay to enact this critical program.”
A bill providing funds for solar energy systems found support in a U.S. Senate committee Wednesday, casting a bit of sunshine on solar energy supporters.
The bill, sponsored by U.S. Sen. Bernard Sanders, Ind-Vt., would require the secretary of Energy to provide states with money to finance rebates, loans and other incentives for the purchase of solar energy systems, for consumers and businesses alike.
“If we are serious about transforming our energy system we have to walk the walk and not just talk the talk,” said Sanders, who mentioned creating new jobs and reducing dependency on foreign oil among the reasons to make changes to the nation’s energy system.
The goal of the legislation is to install solar energy systems on 10 million properties by the end of 2021, giving it the short name of the”10 Million Solar Roofs Act of 2010.”
The Massachusetts High Technology Council and the Associated Industries of Massachusetts, which have been critics of the costs of clean energy, are each calling for federal climate legislation they say will create jobs and keep local businesses competitive.
Today, the council is expected to outline its recommendations for climate legislation being considered by the US Senate.
Such support is a significant policy shift for the council and AIM, two of the highest-profile trade groups in the state, and one that signals that beyond the state’s environmental and clean technology sectors, there is local business backing for a national green energy policy. Another prominent trade group, the Massachusetts Biotechnology Council, is offering its support as well.
The positions from the trade groups are expected to add pressure for the US Senate to pass a national energy and climate bill in the coming weeks.