Norway’s state-owned utility saw nine-month revenue fall with a drop in power prices

German solar manufacturer Q-Cells S.E. saw a sharp decrease in its sales revenue

Iberdrola Renovables’ consolidated net profit for first three quarters fall to 167.6 million euros

Yesterday, Magma Energy Corp. announced that it has signed an agreement to acquire 32.32% of HS Orka, the largest privately owned energy company in Iceland, from Reykjavik Energy. Canadian company Magma had been previously selected last August 17 as the preferred bidder

Europe’s largest engineering conglomerate, Siemens AG, has announced its financial results for the third quarter of 2009. The sectors’ total order backlog of €84.3 billion lessened the impact of the global economic crisis on the company’s revenue and profit.

The European Investment Bank (EIB) will provide up to €300 million ($427 million) to French automotive company Valeo for research projects that aim to reduce the fuel consumption and carbon dioxide emissions of Europe’s cars, the loan’s recipient announced yesterday [July 22].

Intelligent Energy, a leading clean power systems company, has raised $30 million at a material uplift in price receiver per share as compared to the previous financing rounds.

The world’s largest producer of solar cells this week hinted at a very unsatisfying second business quarter, saying that because of this it would be impossible to attain the previous growth targets it has made for 2009.

Biodiesel supplier Prestige Fuels UK has invested £1 million to construct seven blending stations across the UK. The company anticipates the creation of 50 new jobs with this investment.

The project that upon completion will become part of Europe’s largest solar energy site has undergone a major project company reorganization, with Solanda GmbH selling 74% of its shares.

Norwegian energy giant Statkraft announced plans to invest more than £400 million for the development of wind farm projects in Scotland. The company is part of the Forewind consortium with Scottish & Southern Energy.

German energy giant E.ON Group has signed a share sale and purchase agreement to acquire Société Conilhac Energies S.A.S., a developer of photovoltaic projects (PV) in France, to further expand E.ON’s solar business in Europe.