Norwegian solar-power outfit Renewable Energy Corp. aims to produce nearly 10 times more solar wafers by 2010 that it does today by investing NOK1.35 billion ($235.8 million), the company heralded Tuesday. 
Investors flocked to renewable energy industries in 2006 like never before, with capital seen streaming into the likes of solar, bio-fuels and wind rising to $100 billion, up $20 billion over 2005. 
At the inauguration of a new 36MW solar photovoltaic (PV) production line, the board of Tata BP Solar confirmed that this represents another step towards realizing the designed potential of the 300MW plant. The new production line has seen Tata BP Solar more than double its cell manufacturing capacity to reach some 50MW per annum. The next phase of the expansion will see an additional 128MW of cell manufacturing capacity added during 2007-8. 
A Norwegian environmental crusader and four Statoil carbon-dioxide managers will help direct the European Union’s drive to 20 percent less of the greenhouse gas from 1990 levels by 2020. 
Norway-based solar energy player, REC ASA, posted a 52 percent hike in fourth-quarter net profit for 2006, anothe year of staggering growth for this alternative energy industry.
Orkla, the brand owner, buys piece of sun in REC Feb 5, 2007
Norwegian conglomerate, Orkla Group, fresh from its sale of newspaper holdings, is investing in Norwegian solar energy success story, Renewable Energy Corp., it was learned Monday. 
Future oil-company revenues in the United States took a blow late Thursday, as the new Democrat-lead House of Representatives passed the Clean Energy Act, which “rolls back subsidies and tax breaks for Big Oil”, the House speaker said. |
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