Yingli sets supply deal for French plant
CURBANS, FRANCE - Yingli Green Energy Holding Co said it would sell 33 megawatts of solar modules to a Spanish construction company that will build France's largest photovoltaic power plant.
The deal with Maessa Telecomunicaciones Ingenieria Maetel calls for Yingli to ship the modules from October through the end of April 2011. Financial details were not disclosed.
Solar companies are hoping that growing demand from France, Italy, the Czech Republic and other European companies will help offset a likely drop in sales to Germany, the world's largest market, which is set to pare back its supports for the industry in the coming months.
The plant to be built in Curbans, France will be owned by GDF Suez Group and is expected to produce 43.5 million kilowatt hours of renewable energy each year, equivalent to the annual electricity consumption of 14,500 households.
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More red ink at Manitoba Hydro as need for new power generation looms
WINNIPEG - Manitoba's NDP administration has declared its intention to formulate a strategy for financing new energy ventures, following a decision to halt the development of additional private-sector wind farms. This plan will accompany efforts to stabilize hydroelectric rates and manage the financial obligations of the province's state-operated energy company.
Finance Minister Adrien Sala, overseeing Manitoba Hydro, shared these insights during a legislative committee meeting on Thursday, emphasizing the government's desire for future energy expansions to remain under public ownership and expressing trust in Manitoba Hydro's governance to realize these goals.
This announcement was concurrent with Manitoba Hydro unveiling increased financial losses…
