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Ming Yang Wind Power revenues and income surge

Zhongshan, China - China Ming Yang Wind Power Group Limited, a Chinese wind turbine manufacturer, announced its unaudited financial results for the first quarter ended March 31, 2014.

Siemens signs three-year charter for new jack-up vessel

Orlando, USA - Siemens Energy has entered into a charter agreement with DBB Jack-Up Services A/S for the use of a new purpose-built jack-up vessel designed for the service and maintenance of the rising number of large scaled offshore wind power projects across Northern Europe.

Trina Solar increases gross margin and net income

Changzhou, China - Trina Solar Limited announced its unaudited financial results for the first quarter of 2014.

Vestas collects orders in North Amercia

Portland, USA - Vestas has received an order of 148 MW from First Wind for V112-3.0 MW turbines in the U.S. and another order for 39 V110-2.0 MW turbines for a 78 MW project in North America.

Siemens receives giant offshore-order from the Netherlands

Erlangen - The Gemini consortium has signed all construction, operations and financing contracts with a total construction budget of nearly EUR 3 billion.

Canadian Solar announces partnership with Ikea Australia to build seven solar systems

Guelph, Canada - Canadian Solar Inc. announced a partnership with Ikea Australia, a globally acting furniture retailer.

Vestas receives 63 MW order for one of Germany’s largest repowering projects

Hamburg - Vestas announced a firm and unconditional order from KGE Windpark Schipkau Nord GmbH & Co. KG. Vestas’ long-term customer Ventotec has developed this repowering project.

RWE adjusts Outlook due to sale of RWE Dea

Essen, Germany - As expected, the extremely mild winter and ongoing crisis in conventional electricity generation resulted in earnings shortfalls at RWE AG in the first quarter of 2014.

Nasa and DLR: joint research flights using biofuel

Cologne, Germany / Palmdale, USA - The United States National Aeronautics and Space Administration NASA, the German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt; DLR) and the Canadian National Research Council (NRC) are tackling this globally topical research area in joint test flights in California from 7 to 16 May 2014.

Renewable energies provide 6.5 million jobs globally

Abu Dhabi - In 2013, approximately 6.5 million people were already employed in the renewable energy industry worldwide, a new study by the International Renewable Energy Agency (IRENA) reveals.

E.ON’s EBITDA and underlying net income lower - Renewables’ EBITDA up by 20 percent

Duesseldorf, Germany - The E.ON Group’s businesses performed as anticipated in the first quarter of 2014.

seebawind Service monitors world’s northernmost wind park

Osnabruck, Germany - The independent service provider seebawind Service GmbH has been monitoring 15 Nordex N80 wind turbines with a total nominal power of 37.5 megawatts since the beginning of May.

Climate change: Obama Administration releases the third U.S. National Climate Assessment

Washington D.C. - The Obama Administration released the third U.S. National Climate Assessment, the most comprehensive and authoritative report on U.S. climate impacts ever generated.

Siemens to deliver nine wind turbines in Iowa

Hamburg - With another order announcement in the U.S., Siemens Energy continues its success in the Americas wind market.

Sunedison interconnects 117 MW of utility-scale solar projects in United Kingdom

Belmont, USA / London - Sunedison announced it has completed construction of a 117 MW portfolio of utility-scale photovoltaic (PV) solar power plants across the United Kingdom. The portfolio is comprised of eight separate solar power plants.

First Solar increases full year guidance and receives orders from EDF

The Company reported first quarter GAAP net income per fully diluted share of $1.10, compared to $0.64 in the prior quarter. The increase in net income compared to the prior quarter was primarily due to higher net sales, project cost improvements, and lower restructuring and asset impairment charges. Cash and Marketable Securities at the end of the first quarter were approximately $1.4 billion, a decrease of approximately $385 million compared to the end of the fourth quarter of 2013. Cash flows used in operations were $318 million in the first quarter. The use of cash in the quarter is primarily related to ongoing construction of projects which have not yet been sold. Based on the results of the first quarter the Company is increasing full-year 2014 guidance as follows: Gross Margin percentage of 17-18%, compared to prior guidance of 16-18%. Operating Income of $290 to $340 million, compared to prior guidance of $270 to $320 million. Earnings per fully diluted share guidance of $2.40 to $2.80, compared to prior guidance of $2.20 to $2.60. Operating cash flow guidance of $300 - $500 million, compared to prior guidance of $250 - $450 million "In the first quarter we demonstrated significant progress towards achieving the financial and operational targets we outlined at our recent Analyst Day," said Jim Hughes, CEO of First Solar. "We delivered strong earnings in the first quarter and are increasing our financial guidance for the year based on these results. We have also made significant progress in new bookings and continue to execute on our technology roadmap." In addition, First Solarhas been selected as the turnkey Engineering, Procurement and Construction (EPC) contractor for two projects under development by EDF Renewable Energy in California. First Solar and EDF Renewable Energy have signed EPC agreements for the 19.76 Megawatt (MW) AC CID Solar Project, located in Kings County; and the 23MWAC Cottonwood Solar Project, consisting of two sites, one located in Kings County and the other in Kern County. The CID Solar Project has a Power Purchase Agreement (PPA) with Pacific Gas and Electric Company. The Cottonwood project has a PPA with Marin Clean Energy. Both CID Solar and Cottonwood projects will be built with First Solar's Series 3 Black Plus PV thin-film solar modules, and will provide enhanced grid reliability and stability using the company's advanced PV plant controls. Construction on the projects is expected to begin in the second quarter of 2014, with CID Solar anticipated completion in October 2014 and Cottonwood anticipated completion in the first quarter of 2015.

Offshore transformer station for Amrumbank West successfully installed

Düsseldorf, Germany - E.ON’s construction of Amrumbank West wind farm in the North Sea reached an milestone. The offshore transformer station is now in place.

What UN chief Ban said at the Abu Dhabi climate change event

Abu Dhabi - From the tropics to the poles, from small islands to large continents, and from the poorest countries to the richest, climate change impacts are already widespread, costly and consequential, Secretary-General Ban Ki-moon said, urging stakeholders gathered in Abu Dhabi to consider concrete actions to tackle the phenomenon now – before it is too late.

Gamesa wins new 144 MW supply contract in Brazil

Madrid – Gamesa continues to consolidate its presence in Brazil, where it is one of the leading wind turbine manufacturers, having just signed a new contract for the supply of 144 MW of its turbines to Eolicas do Sul, a subsidiary of the Río Bravo Investimentos y Eletrosul investment fund (in turn a subsidiary of Brazil’s national power company, Eletrobras).

Siemens receives 97-megawatt wind power order in Peru

Hamburg - Cobra Energia has awarded Siemens Energy another order to expand its onshore wind power fleet in Peru by 97 megawatts (MWs).

GT Advanced announces a series of strategic initiatives

Merrimack, USA - GT Advanced Technologies announced several new initiatives aimed at expanding its portfolio of sapphire and silicon carbide (SiC) solutions for next generation consumer and industrial products.

Canadian Solar to receive C$115.5 mn loan from canadian bank

Guelph, Canada – The solar power company Canadian Solar Inc. announced that the National Bank of Canada will provide the Company with C$115.5 million (€ 75,9 mn) , in short-term construction financing. According to Canadian Solar, the credit facility will be used to support the construction of three solar power projects in Ontario, Canada, totaling 30 MW.

Vattenfall’s first quarter 2014: Profit after tax of SEK 8.2 billion

Stockholm - Vattenfall reports profit after tax of SEK 8.2 billion and an underlying operating profit of SEK 9.1 billion for the first quarter of 2014.

Senvion and Enertrag sign contracts for 27 turbines

Hamburg / Courbevoie, France - Wind energy turbine manufacturer Senvion SE, a wholly owned subsidiary of the Suzlon Group, concluded four contracts with Enertrag for supply and installation of 27 wind turbines with a total rated output of 54.45 megawatt (MW) for four wind farms in France. Senvion will provide the full maintenance of the wind farms for 15 years.

Vestas successful in Denmark and Jordan

Aarhus, Denmark – Vestas delivers wind energy turbines for projects in Jordan and Denmark.

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