LOS ANGELES, June 9 (Reuters) – Solar thermal company
BrightSource Energy Inc said it had experienced “significant
cost overruns” with its enhanced oil recovery project with
Chevron Corp (CVX.N: Quote, Profile, Research, Stock Buzz).
BrightSource, which filed with U.S. securities regulators
for an initial public offering in April [ID:nN25219102], said
in an amended filing on Thursday that it had set aside $40.2
million to account for losses since the project’s inception,
$29.7 million more than it originally anticipated.
NEW YORK/LOS ANGELES, June 7 (Reuters) – Steep declines in
prices for solar products will shrink profit margins for
SunPower Corp (SPWRA.O: Quote, Profile, Research, Stock Buzz) and LDK Solar Co Ltd (LDK.N: Quote, Profile, Research, Stock Buzz) this year,
the companies said on Tuesday.
Germany and Italy, the world’s two largest solar markets,
both have cut subsidies for the renewable energy source in
recent months, though manufacturers have ramped up output of
the modules that turn sunlight into electricity.
LOS ANGELES, June 3 (Reuters) – Federal energy regulators on
Friday said proposed changes to how electricity load reductions
by large energy consumers are measured during system emergencies
may be “unlawful,” and that it needs more time to review the
The highly-anticipated decision by the Federal Energy
Regulatory Commission concerns the way so-called demand response
companies like EnerNOC Inc and Comverge Inc
record energy curtailments by their customers.
LOS ANGELES (Reuters) – Two conservation groups and a California resident have sued to stop construction of a SunPower Corp solar power plant, saying the project would harm the rural area’s wildlife, air quality and natural beauty.
San Luis Obispo county community groups Carrizo Commons and North County Watch and local farmer and auto repair shop owner Michael Strobridge filed the lawsuit on May 20 in California state court.
LOS ANGELES/NEW YORK, May 26 (Reuters) – First Solar Inc
(FSLR.O: Quote, Profile, Research, Stock Buzz) became the world’s most valuable solar company because
its cadmium telluride panels are the cheapest in the industry.
Investor euphoria for green technology sent the Wall Street
darling’s shares to an all-time high of $317 in May of 2008,
just 18 months after debuting on the market at $20 a share.
LOS ANGELES (Reuters) – Deep-voiced country singer Scotty McCreery won the tenth season of “American Idol” on Wednesday, defeating rival Lauren Alaina who had been dubbed the front-runner by the show’s judges heading into the night.
McCreery, 17, hugged the other “Idol” contestants from the season and his family after host Ryan Seacrest proclaimed him the winner of the television singing competition.
LOS ANGELES, May 25 (Reuters) – “American Idol” kicked off
its tenth season finale on Wednesday with performances from
Beyonce and Judas Priest, but viewers will have to wait for the
final moments to learn whether Lauren Alaina or Scotty McCreery
will take home the TV singing competition’s crown.
A record 122 million votes were cast by phone, text message
and online after the teen country singers each gave their final
performances on Tuesday — bringing the season’s vote total to
nearly 730 million.
ANAHEIM, California (Reuters) – The U.S. wind industry is growing again after taking a big step backward last year.
Yet turbine makers and wind farm developers are finding few reasons to celebrate as the clean energy source struggles to secure long-term government support while facing stiff competition from cheap natural gas.
LOS ANGELES (Reuters) – Lauren Alaina overcame a blown out vocal chord to become the judges’ favorite to win the “American Idol” title on Tuesday, topping rival country singer Scotty McCreery with an emotional song dedicated to her mother.
Alaina, who is just 16 and has dreamed of being on the show since she was 6, appeared set to become the show’s first female winner since Jordin Sparks in 2007 as well as its youngest ever “American Idol.”
LOS ANGELES (Reuters) – Chinese solar panel maker Trina Solar Ltd said profit margins in the current quarter would be hurt by a rise in global inventories, sending its shares to a five-month low and sparking a broad sell-off in solar stocks.
Trina, which also reported a lower-than-expected first-quarter profit on Tuesday, warned last week that shipments in the January-March period would miss previous estimates by 10 percent because of a cut in solar power subsidies in Italy, which has hampered demand and sent solar panel makers’ inventories climbing.