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SPI Solar to acquire 360 MW worth of solar power projects in China

SPI Solar to acquire 360 MW worth of solar power projects in China

Solar Power, Inc. is set to become one of the largest solar developers in China....

Toyota hybrid exceeds 7 million mark in global sales

Toyota hybrid exceeds 7 million mark in global sales

The cumulative global sales of Toyota Motor Corporation’s hybrid vehicle have ex...

Suzlon eyes 2,000 MW of wind energy projects in India over next five years

Suzlon eyes 2,000 MW of wind energy projects in India over next five years

India-based wind turbine maker Suzlon has expressed its intent to build 2,000 me...

Solar power could be leading source of electricity by 2050

Solar power could be leading source of electricity by 2050

Solar power could overtake all other sources of electricity by 2050, according t...

U.N. chief welcomes announcements made in Climate Summit

U.N. chief welcomes announcements made in Climate Summit

United Nations Secretary-General Ban Ki-moon welcomed bold new actions to addres...

Climate Summit sees intiatives and commitments

Climate Summit sees intiatives and commitments

Various bodies and entities on the Climate Summit in New York have announced the...

Climate Rally reaches 310,000 participants

Climate Rally reaches 310,000 participants

The number of people who joined the People’s Climate March this September 21 rea...

Business

Richard Flint, Yorkshire Water CEO, opens self-powered sewage works

Richard Flint, Yorkshire Water CEO, opens self-powered sewage works

Thursday, 13 November 2014

Consuming two years development time and a whopping £34 million investment, Yorkshire’s first self-powered sewage works site has been unveiled in Brad...

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Technology

New polymer materials developed for better solar cells

New polymer materials developed for better solar cells

Wednesday, 19 November 2014

Researchers from North Carolina State University and the Hong Kong University of Science and Technology have developed new materials for more efficien...

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Politics

U.N. chief welcomes $9.3 billion pledge for Green Climate Fund

U.N. chief welcomes $9.3 billion pledge for Green Climate Fund

Friday, 21 November 2014

United Nations Secretary-General Ban Ki-moon welcomed over $9.3 billion in pledges made by Governments for the Green Climate Fund. The $9.3 billion pl...

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Living Green

How to reduce your pooch’s carbon paw print

How to reduce your pooch’s carbon paw print

Wednesday, 19 November 2014

With an increasing number of people becoming environmentally conscious, there is little wonder that several measures are being taken to bring down the...

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Renewables

IKEA purchases second U.S. wind farm to provide clean energy to their stores

IKEA purchases second U.S. wind farm to provide clean energy to their stores

Friday, 21 November 2014

The IKEA Group has purchased the 165-megawatt Cameron Wind Farm in Cameron County, Texas, from Apex Clean Energy. The Cameron Wind Farm is expected to...

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Low-Carbon

Green energy in business – Five tips for the office

Green energy in business – Five tips for the office

Friday, 21 November 2014

Make your office and employees eco-friendly with simple-to-implement advice on creating a green workplace from the energy experts at Project Lower. As...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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Q-Cells revenue down by 20% in 2011; Market uncertainty blamed

A tough market environment and a severe price decline were cited by industry-leading German photovoltaic company Q-Cells as reasons for a drop in its sales for fiscal year 2011.

The company published their unaudited annual results for the year this week, revealing that they achieved sales of 1.023 billion euros ($1.366 billion). While this puts them above their 1-billion-euro sales target for the year, the figure is 20 percent lower compared with 2010 sales which was at 1.354 billion euros.

Q-Cells ended the year with a loss of 845.8 million euros compared with 2010 when they earned a net profit of 18.9 million euros.

According to Q-Cells chief executive Dr. Nedim Cen, prolonged uncertainty concerning subsidy rules in Italy, the world's second-largest photovoltaics market, had a detrimental effect on demand worldwide.

Meanwhile, an expected industry boom, following an increase in interest in renewables in Germany and elsewhere due to concerns over the safety of nuclear power triggered by the accident at Fukushima, failed to materialize.

These factors, plus an excess in production capacities and the rise in Asian PV companies' capabilities, led to a decline in prices of 40 to 60 percent. This in turn had a negative impact on Q-Cells' results. – EcoSeed Staff

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