Matt's Feed
Mar 21, 2012

U.S. sets “surprisingly low” China solar panel duties

WASHINGTON/NEW YORK (Reuters) – The United States on Tuesday dealt a blow to U.S. manufacturers of solar panels and boosted shares in their Chinese rivals when it imposed preliminary punitive duties of less than 5 percent on imports from China.

Nonetheless, the action adds to trade tensions between the world’s two largest economies and threatens cooperation in the burgeoning clean-energy sector, which both countries say they want to promote.

Mar 20, 2012

Government imposes low duties on Chinese solar panels

WASHINGTON/NEW YORK (Reuters) – The United States on Tuesday dealt a blow to U.S. manufacturers of solar panels and boosted shares in their Chinese rivals when it imposed preliminary punitive duties of less than 5 percent on imports from China.

Nonetheless, the case adds to trade tensions between the world’s two largest economies and threatens cooperation in the burgeoning clean-energy sector, which both countries say they want to promote.

Mar 14, 2012

U.S. solar power growth jumps to new record

March 14 (Reuters) – The U.S. solar industry installed
a record number of panels in 2011, more than double 2010, and is
likely to see strong growth again this year, according to a new
report.

Solar installers built 1,855 megawatts of photovoltaic
projects in 2011 for a total of $8.4 billion, up from 887 MW in
2010, according to a report released by GTM Research and the
Solar Energy Industries Association (SEIA).

Mar 13, 2012

Chevron sees 20 percent jump in production by 2017

By Matt Daily and Braden Reddall

(Reuters) – Chevron Corp (CVX.N: Quote, Profile, Research, Stock Buzz) aims to grow output by a fifth by 2017, driven by big Australian projects moving gas to energy-hungry Asian markets, while it also tries to squeeze another $150 million in cost savings out of its refining arm.

Closer to home, in the Marcellus shale, the second-largest U.S. oil company said reservoir outcomes were exceeding expectations, although it was investing there at a “measured pace” in light of depressed North American natural gas prices.

Mar 13, 2012

Chevron sees 20 percent increase in production by 2017

By Matt Daily and Braden Reddall

(Reuters) – Chevron Corp (CVX.N: Quote, Profile, Research, Stock Buzz) plans to increase output by a fifth in five years, driven by big Australian projects moving gas to energy-hungry Asian markets, while it also tries to squeeze another $150 million in cost savings out of its refining arm.

Closer to home, in the Marcellus shale, the second-largest U.S. oil company said reservoir outcomes were exceeding expectations, although it was investing there at a “measured pace” in light of depressed North American natural gas prices.

Mar 8, 2012

Exxon Mobil sees dip in oil, gas output this year

NEW YORK (Reuters) – Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz) said its 2012 oil and natural gas output would drop 3 percent from last year even as it increases spending to bring several large new projects on line, and its shares fell 1 percent.

Despite the expected drop in 2012, production should increase by an average of 1 to 2 percent annually through 2016, the company told analysts in New York on Thursday.

Feb 29, 2012

GE unit buys stake in Arizona solar project

NEW YORK, Feb 28 (Reuters) – GE Energy Financial
Services, part of General Electric, said on Wednesday it
bought a stake in a large U.S. solar power project for $100
million, bringing its investments in the sector to $1.4 billion
in the last year.

The deal was the latest big solar purchase by companies
eager to own utility-scale plants that have benefited from
government targets for renewable energy and a now-expired
federal grant program that pays a portion of a project’s costs.

Feb 29, 2012

Exclusive: GE unit Buys stake in Arizona solar project

NEW YORK (Reuters) – GE Energy Financial Services, part of General Electric (GE.N: Quote, Profile, Research, Stock Buzz), bought a stake in a large U.S. solar power project for $100 million, bringing its investments in the sector to $1.4 billion in the last year.

GE EFS has so far invested in a gigawatt of solar projects in the United States, Australia, Spain, Canada and Italy, and is likely to sign a deal in India in the next few months., Chief Executive Officer Alex Urquhart said in an interview.

Feb 29, 2012

First Solar hit by steep loss, shares slip

By Matt Daily

(Reuters) – U.S. solar maker First Solar Inc (FSLR.O: Quote, Profile, Research, Stock Buzz) posted a quarterly loss on Tuesday, hit by charges to cut production costs and replace faulty panels, and it trimmed its forecast for 2012 sales, sending its shares 8 percent lower.

The company, the world’s lowest-cost solar panel manufacturer, has suffered as prices for the equipment that turns sunlight into electricity tumbled by 50 percent last year as an oversupply of product flooded the market.

Feb 23, 2012

Trina, Solarworld post losses, German cuts hit stocks

By Matt Daily

(Reuters) – The collapse of solar panel prices drove China’s Trina Solar Ltd and Germany’s SolarWorld AG to post losses, results that could worsen as Germany announced new cuts to the subsidies that have made the country the world’s largest solar consumer.

Shares across the solar sector sank after the Germany announced faster-than-expected cuts to its solar subsidies, raising fears that demand there could fall by more than half this year.

    • About Matt

      "Matt is the Team Leader for the Raw Materials Group and is based in New York. He has worked in Reuters' bureaus in New York, Houston and Amsterdam."
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