Utilities & Clean technology Correspondent, London
Adveith's Feed
Nov 9, 2010

JA Solar and Solarfun signal strong 2010 and bright 2011

BANGALORE (Reuters) – China’s JA Solar Holdings Co and Solarfun Power Holdings Co Ltd posted strong profits and raised their full-year outlooks, joining others in the solar industry in signaling strong demand.

Sales of solar equipment have jumped this year as buyers rush to build projects ahead of declining subsidies in major European markets, including Germany — the world’s largest solar market — Italy and France, as governments trim spending to support renewable energy systems.

Nov 9, 2010

JA Solar, Solarfun signal strong 2010, bright 2011

BANGALORE, Nov 9 (Reuters) – China’s JA Solar Holdings Co
(JASO.O: Quote, Profile, Research, Stock Buzz) and Solarfun Power Holdings Co Ltd (SOLF.O: Quote, Profile, Research, Stock Buzz) posted
strong profits and raised their full-year outlooks, joining
others in the solar industry in signalling strong demand.

Sales of solar equipment have jumped this year as buyers
rush to build projects ahead of declining subsidies in major
European markets, including Germany — the world’s largest
solar market — Italy and France, as governments trim spending
to support renewable energy systems.

Nov 4, 2010

Strong margins boost profits at smaller refiners

BANGALORE, Nov 4 (Reuters) – Three smaller U.S. refiners,
Holly Corp (HOC.N: Quote, Profile, Research, Stock Buzz), Frontier Oil (FTO.N: Quote, Profile, Research, Stock Buzz) and Western Refining
(WNR.N: Quote, Profile, Research, Stock Buzz) benefited from wider refining margins and joined their
bigger peers in posting strong quarterly results and signaling
a solid finish to the year.

Profits have risen at oil companies as U.S. crude prices
rose 13 percent from a year earlier, while natural gas rose
more than 30 percent in the quarter. A recovering economy has
also increased demand for fuel, leading to improvement in
refining margins.

Nov 1, 2010

EXCO’s CEO offers to buy co for $4.4 billion in natural gas bet

BANGALORE (Reuters) – EXCO Resources’ (XCO.N: Quote, Profile, Research, Stock Buzz) CEO Douglas Miller has teamed up with investors, including oilman T. Boone Pickens, to bid for the gas-focused explorer for about $4.36 billion, betting on a recovery in natural gas prices.

Gas prices — down over 20 percent year to date — slumped to a 13-month low last week, but interest has been rising in underground shale formations that could hold enough natural gas to sate U.S. demand for a decade.

Nov 1, 2010

EXCO’s CEO offers to buy co for $4.4 bln in nat gas bet

BANGALORE, Nov 1 (Reuters) – EXCO Resources’ (XCO.N: Quote, Profile, Research, Stock Buzz) CEO
Douglas Miller has teamed up with investors, including oilman
T. Boone Pickens, to bid for the gas-focused explorer for about
$4.36 billion, betting on a recovery in natural gas prices.

Gas prices NGc1 — down over 20 percent year to date –
slumped to a 13-month low last week, but interest has been
rising in underground shale formations that could hold enough
natural gas to sate U.S. demand for a decade.

Oct 29, 2010

Smaller power companies join hot summer party

BANGALORE (Reuters) – U.S. power companies Alliant Energy (LNT.N: Quote, Profile, Research, Stock Buzz), DPL Inc (DPL.N: Quote, Profile, Research, Stock Buzz) and Calpine (CPN.N: Quote, Profile, Research, Stock Buzz) followed their larger peers in posting strong profits and indicating a solid finish to the year, as they too reaped the benefits of a hot summer and an improving economy.

While a colder winter drove first-quarter earnings power companies, the warmer-than-normal summer propped the second and third quarters.

Oct 28, 2010

U.S. utility earnings point to recovering economy

BANGALORE, Oct 28 (Reuters) – In a strong indication that
the U.S. economy is gradually finding its feet, and boosted by
a hotter-than-normal summer, power utilities Duke Energy
(DUK.N: Quote, Profile, Research, Stock Buzz) and Xcel Energy (XEL.N: Quote, Profile, Research, Stock Buzz) posted their best profits in at
least 20 quarters, and were upbeat about the rest of the year.

Near-record temperatures across much of the United States
fuelled higher electricity usage this summer than last,
according to the nation’s electricity grid operators — also a
potential wake-up call to utilities that delayed plans to add
new nuclear and coal-fired plants during the recession.

Oct 19, 2010

Corrected: Exclusive: ConEd, Panda to set up

BANGALORE (Reuters) – Consolidated Edison Inc and Panda Power Funds will spend about $85-$90 million to build a 20 megawatt (MW) solar farm in New Jersey, two top executives said.

The project, in Pilesgrove, New Jersey, which will use about 71,000 Suntech Power solar panels and go live in 2011, will be connected directly to the utility grid, said Mark Noyes, vice president of Con Edison Development.

Oct 18, 2010

Exclusive: ConEd, Panda to spend $85-$90 million on solar farm

BANGALORE (Reuters) – Consolidated Edison Inc and Panda Energy International Inc will spend about $85-$90 million to build a 20 megawatt (MW) solar farm in New Jersey, two top executives said.

The project, in Pilesgrove, New Jersey, which will use about 71,000 Suntech Power solar panels and go live in 2011, will be connected directly to the utility grid, said Mark Noyes, vice president of Con Edison Development.

Oct 15, 2010

The Sachin Tendulkar jinx

In getting out to debutant Peter George of Australia in the second cricket test at Bangalore, India’s Sachin Tendulkar has established another test record.

Of the 251 times he has gotten out in a test match, the little master has been the debut wicket of at least ten bowlers – Hansie Cronje, Mark Ealham, Neil Johnson, Ruwan Kalpage, Jacob Oram, Monty Panesar, Ujesh Ranchod, Peter Siddle, Cameron White and Peter George.

    • About Adveith

      "I moved to Reuters' London bureau in February to cover green technology and UK utilities after a stint in Bangalore. In four years with Reuters, I have covered some of the biggest utilities and clean technology companies in the United States and Britain, from bureaus in London, Bangalore and, briefly, New York. I have also been a key part of two of the company’s biggest headline news operations – in Bangalore and London - since 2008, sending fast news alerts on the biggest companies on both sides of the Atlantic. I enjoy writing about sports, and occasionally contribute to Reuters' sports blog, ..."
      Joined Reuters:
      May 2008
      Languages:
      English, Hindi, Malayalam
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