Vestas Ends 2011 With 6GW of Orders for Wind Energy Projects

https://encrypted-tbn2.google.com/images?q=tbn:ANd9GcS3smDEs4nf_sO_Y7RRi1bF4kzrhHqA0fLGsqDHWFVJRY5-bQZKHQCountries like the Ukraine, Poland, Pakistan, and Brazil have not previously been required to reduce their greenhouse gas emissions. Last month at Durban, that changed. Orders from nations like these boosted year-end wind turbine business at Danish wind giant Vestas.  The flurry of orders came a month after international climate negotiations in Durban, South Africa, delivered a surprise stipulation that every nation has agreed to, to share binding, international cuts in greenhouse gas emissions within just 8 years.

The unequal requirements of the precursor agreement, the Kyoto Accord, which cut developing nations a break, had long prevented US agreement, and its elimination has resolved a longstanding dispute that prevented international agreement on carbon reductions. Some of these formerly “developing” nations, like Brazil, are now among the world’s highest emitters of greenhouse gases. Like other European renewable energy companies that grew to world domination because Europe adopted tough Kyoto Accord rules that required that Europe use clean energy, Vestas is likely to be a beneficiary of the new agreement. Over the next eight years, all nations will need to rush to get their clean energy in time for the changed climate rules, ready or not. Read more

Canadian Solar expands into India with 33MW solar module sales agreement

August 1, 2011 — Canadian Solar Inc. (NASDAQ:CSIQ), one of the world’s largest solar companies, announced that it has signed a photovoltaic (PV) solar module sales agreement with Cirus Solar Systems Private Limited (Cirus), a solar engineering, procurement and construction (EPC) company based in Hyderabad, India.

Under the terms of the agreement, Canadian Solar is expected to deliver 33-megawatts (MW) of solar modules in the third and fourth quarters of 2011 at agreed prices denominated in U.S. dollars. The modules are expected to be utilized for solar PV projects that are designed, installed and commissioned by Cirus on behalf of two prominent Indian conglomerates. Initial shipments have already commenced. Read more

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