French Wind Covers a Record 10% of the Country’s Demand
As reported right at the end of last year, wind power in France covered a record 10% of the country’s electricity demand. France’s wind power reached production equivalent to 5,982 MW, which is the same level as six nuclear power plants. France is the world’s most nuclear dependent country – currently 75% of its electricity is produced by its 58 reactors. But, during his election campaign last year to become President of France, François Hollande pledged to cut that share to 50% by 2025 by boosting the use of green energy. At the end of 2011 France had a total wind energy capacity of only 6.8 GW, the government has set a target of 25 GW by 2020, including 6 GW offshore.
First Solar and Intermolecular Pushes R & D for Thin Film Solar PV Materials
First Solar, arguably the leader in thin-film solar photovoltaics, has begun investing in R&D to improve its technology and meet – and hopefully beat – its existing roadmap. In line with topic, Intermolecular’s Clean Energy Group comes in the picture with a promise of much faster R&D evaluation of materials, structures, and processes. First Solar and Intermolecular formally tied up in June 2012. By year’s end, they had generated novel IP which First Solar licensed, have now extended their partnership into a two-year collaboration and licensing agreement. Aside from working on First Solar’s CdTe thin-film PV, Intermolecular also is working with the King Abdullah University of Science and Technology to help improve its copper-indium-gallium-diselenide thin-film PV technology.
Indian Company Seeks $200 Million IPO to Finance Waste – to-Energy Conversion Plant
Ramky Enviro Engineers Ltd., an Indian waste management company, plans to raise $200 million in the nation’s first initial share sale to finance a power plant fueled by urban waste. The company is seeking to tap investor demand after a 26 percent surge in the benchmark stock index last year, the best among the world’s four biggest emerging markets. The waste manager plans $308 million of investment in the next three years to help almost triple sales by March 2018. The company plans to file its application for the initial public offering next month.
France Doubles Solar Energy Goal, Promotes European Equipment
France has doubled its target for new solar projects to at least 1,000 megawatts in 2013, helping to promote the use of European equipment. The move will also generate 2 billion euros in investment and create 10,000 jobs. France will start a tender this month for 400 megawatts of solar power from large-scale roof or ground installations. The goal for home installations measuring less than 1,000 square meters will be doubled to 400 megawatts. The preferential feed-in tariffs for energy generated from the projects will be 10 percent higher when they use equipment made in Europe.