Renewable Eng. Share Discussion Threads

[ronan7] 01/11/2011 13:25

ty panties

did not see /read that

more positive today offer over price again
done this a bit over last week or so


needed ibn a field of red and non movers

[hugepants] 31/10/2011 19:35

ronan
Its copied from the recent results.

[ronan7] 31/10/2011 16:46

where did you find above panties????????

[hugepants] 31/10/2011 14:20

Your Board is acutely alert to the balance of shareholder benefit between reinvesting and distributing earnings. In view of the strength of asset-building opportunities available to the Directors, they propose to pay a final dividend of 1.5p per ordinary share (2010: 1.5p) in respect of the past year. As REG continues to leverage its balance sheet equity to accelerate the addition of new operational capacity, it is expected that cash returns to equity holders will quickly rise. Accordingly, your Board has begun a review of options for value distribution to ensure that shareholders receive a return reflecting the company's success.

[ronan7] 28/10/2011 15:08

well we did it 50p sell

hope it holds to close of play

[ronan7] 25/10/2011 10:09

yep up we go again

spread a bit harsh though

50p offer would be good today
and 50p bid some time this week......... live in hope

[ronan7] 24/10/2011 12:34

seen the rns now
thx guys

another tick up on cards if buys continue

discount of 1.5 p per share at the moment

[oilyrag] 20/10/2011 10:14

Payment date 13 Jan 2012.

[praipus] 19/10/2011 13:08

ronan7, I dont think your slow. There doesnt appear to be anything in the public domain to say when. Last year they produced a timetable RNS but I suspect youve already seen that.

Probably too busy trying to decide what to do with the share options rather than running the company or looking after the shareholders.

[ronan7] 19/10/2011 12:21

sorry 4 being slow

when is 1.5p divi to be paid???????

still ticking up
buys being filled i suppose

[waldron] 19/10/2011 06:21

EDP 9-Mo Installed Capacity Rises 6% On New Wind Projects
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EDP (EU:EDP)
Intraday Stock Chart
Today : Wednesday 19 October 2011
Energias de Portugal SA (EDP.LB), the country's largest power utility, said Tuesday its installed electricity capacity rose 6% in the first nine months of the year, bolstered by an increase in wind power.

MAIN FACTS:

-Output was 43 terawatt hours in the first nine months of the year, 61% of which came from wind and hydroelectric power.

-Installed capacity rose 6% to 22.6 gigawatts from last year.

-EDP will publish third-quarter financial results October 27.

-Contributed by Carla Canivete of Webtexto to Dow Jones Newswires; [phone]; [e-mail]

[praipus] 18/10/2011 14:30

Agreed. Robust value creation for the loyal share holder isn't massively obvious.

[adam] 18/10/2011 13:40

Receive and reject bid at over 70p. Shortly afterwards, grant 1.5m options at 45p.

Nice work if you can get it.

[praipus] 18/10/2011 13:14

In theory our interests are more aligned with the management.

[hugepants] 17/10/2011 07:50

Finals. Looks pretty good. Final dividend maintained at 1.5p.

[ariane] 01/10/2011 11:29

Sep 30, 2011 - 18:00 Highest wind turbine completed
A ceremony to mark the completion of what claims to be Europe's highest wind turbine, at over 2,400 meters above sea level, has been held in the southern canton of Valais.
Energy minister Doris Leuthard attended the topping out celebration on Friday near the Gries dam, close to the border with Italy.



"Canton Valais is making an important step towards a renewable future," she said.

The turbine, which cost SFr5.5 million ($6 million), is due to start generating power at the beginning of 2012. It will produce three gigawatt hours per year, enough for about 800 households. A further four or five turbines are to be added in the next few years.

Erecting a turbine at such an altitude posed unusual technical problems. The 35-metre long blades had to be taken to the site up the winding road to the Nufenen pass on a special articulated vehicle nicknamed the "millipede".

Given the extreme cold to which it will be exposed in winter, it has a heating system – which uses very little energy - to keep the blades snow and ice free.

The designers say that numerous feasibility studies showed that the turbine will have little impact on the fauna and flora, and that it will be well integrated into the environment.

Its location near the Gries dam means that it will benefit from existing connections into the grid.



swissinfo.ch and agencies

[ariane] 30/9/2011 09:18

Utilities Giving Away Power as Wind, Sun Flood Grid
QBy Kari Lundgren and Lars Paulsson - Sep 30, 2011 1:01 AM GMT+0200 .
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Utilities Giving Away Power as Wind, Sun Flood European Grid Nicolas Chorier/Lagarrigue/Egis Eau/EDF EN via Bloomberg
Wind turbines operate on EDF Energies Nouvelles SA's 87-megawatt Salles-Curan wind farm in the department of l'Aveyron, France.

Wind turbines operate on EDF Energies Nouvelles SA's 87-megawatt Salles-Curan wind farm in the department of l'Aveyron, France. Photographer: Nicolas Chorier/Lagarrigue/Egis Eau/EDF EN via Bloomberg
Enlarge image
Utilities Giving Away Power as Wind, Sun Flood European Grid Denis Doyle/Bloomberg
Wind turbines operated by Iberdrola Renovables SA stand at the Maranchon wind farm in Maranchon, Spain.

Wind turbines operated by Iberdrola Renovables SA stand at the Maranchon wind farm in Maranchon, Spain. Photographer: Denis Doyle/Bloomberg
.The 15 mile-per-hour winds that buffeted northern Germany on July 24 caused the nation's 21,600 windmills to generate so much power that utilities such as EON AG and RWE AG (RWE) had to pay consumers to take it off the grid.

Rather than an anomaly, the event marked the 31st hour this year when power companies lost money on their electricity in the intraday market because of a torrent of supply from wind and solar parks. The phenomenon was unheard of five years ago.

With Europe's wind and solar farms set to triple by 2020, utilities investing in new coal and gas-fired power stations no longer face stable returns. As more renewables come on line, a gas plant owned by RWE or EON that may cost $1 billion to build will be stopped more often from running at full capacity. It may only pay for itself on days like Jan. 31, when clouds and still weather pushed an hour of power on the same-day market above 162 ($220) euros a megawatt-hour after dusk, in peak demand time.

"You're looking at a future where on a sunny day in Germany, you'll have negative prices," Bloomberg New Energy Finance chief solar analyst Jenny Chase said about power rates in wholesale trading. "And a lot of the other markets are heading the same way."

Europe's biggest power markets give preference to renewable energy including forcing some utilities to use their fossil-fuel plants less. That cuts into profit, complicating investment decisions as the companies try to meet emission targets and replace older plants and networks that Citigroup Inc. estimates will cost them more than 900 billion euros by 2020.

Profit Margins
Northern Europe's renewable-energy goals call for about 200 gigawatts of solar and wind capacity by 2020, or almost a third of the current installed base, compared with about 70 gigawatts today, according to the Finnish energy consultant Poyry. Even by 2014, gross profit from burning coal in Germany may skid by as much as 41 percent, according to Barclays Plc.

The gross margin at a coal power plant after deducting fuel and emission permit costs, the so-called clean dark spread, may "collapse" to as low at 3.50 euros a megawatt-hour, Barclays analysts including Peter Bisztyga said in a Sept. 1 report. The spread was at 5.97 euros on Sept. 27, Bloomberg data show.

Narrower margins mean it will take longer for companies to pay off building new gas- and coal-fired facilities. Those plants are needed. They can run around the clock, preventing blackouts when the sun sets or the wind dies as European power demand grows 5 percent through 2015 compared with 2010, according to Paris-based bank Societe Generale SA's forecast.

"The more intermittent technology like renewables, the more baseload generation will be squeezed out," Volker Beckers, chief executive officer of RWE's U.K. Npower unit, said in an interview at Bloomberg's London bureau. Npower's plants are largely coal- and gas-fired, or baseload, meaning they can run around the clock.

Nuclear, Gas Investments
Electricite de France SA is spending 6 billion euros on its new 1,650-megawatt nuclear reactor at Flamanville in Normandy. Dong Energy A/S, Denmark's biggest utility, inaugurated its first power station in the U.K. in February, an 824-megawatt combined-cycle gas turbine plant for 600 million pounds.

EON will miss its 2015 forecast by about 3 percent for earnings of 13.3 billion euros to 13.8 billion euros before interest, tax, depreciation and amortization if average power prices are 57.30 euros a megawatt-hour, below EON's forecast of 60 to 62 euros, UniCredit analyst Lueder Schumacher said.

At 58.50 euros, RWE's recurring net income will be 2.2 billion euros in 2013, compared with the German utility's forecast of 2.5 billion, he estimated.

"Too much wind can depress power prices, but then there are times when very little wind is blowing," Poyry Director Phil Hare said in a telephone interview.

Back-up Quandry
Based on weather patterns over the past 10 years, there's a 72-hour period each year when a wind farm would produce less than 5 percent of its potential output, Hare said. "Some other plant has to be there, but the company has to make the return on its investment in just those 72 hours over 10 years."

Solar plants in Germany generated as little as 30.9 megawatts at 7 a.m. Berlin time on Sept. 26, compared with 11,715 megawatts at 12:45 p.m., according to the European Energy Exchange AG's website. A steady supply of 1,000 megawatts is enough for about 2 million homes in Germany.

Power prices on the Epex Spot SE exchange in Paris that handles German and French supply vary hour-by-hour depending on how available capacity is. At times they can become negative when renewable energy peaks and there's a surplus of power.

At such times, generators or the grid operator pay consumers to take their electricity if they aren't able to reduce output or hedge it. Grid operators in Germany, Europe's biggest power market, are also required to take renewable output if it is available, just as in Spain and France.

Highest Price
The highest-ever hourly price in the combined German-French intraday market was 162.06 euros a megawatt-hour for delivery between 6 p.m. and 7 p.m. in Germany on Jan. 31, while the lowest was minus 55.11 euros for 2 p.m. to 3 p.m. on Feb. 6, data from the exchange showed.

The negative German prices on July 24 occurred on a day when winds averaged 15 mph in the northern state of Mecklenburg- Western Pomerania, home to many wind farms, Bloomberg weather data show.

Germany's same-day electricity price was below zero for nine hours on that windy day on July 24, with negative prices for a total of 31 hours so far in 2011, according to Epex data. France had 9 negative hours this year.

The joint French-German intraday market started last year and has so far helped to "buffer the volatility of prices," Epex company spokesman Wolfram Vogel said by e-mail on Sept. 16.

Depress Spreads
"The law in Germany is that renewables have priority, so utilities have the choice of turning plants down for a few hours or paying a negative price to someone in Germany or abroad," EON spokesman Georg Oppermann said in a telephone interview. The company's traders can protect EON against losses by watching weather patterns, he added.

"The huge amount of renewable capacity due to be added to the grid will depress not just spreads but also the outright power price," UniCredit analyst Scott Phillips said. "This is clearly a negative predominantly for all thermal power plants, particularly coal."

Britain plans to install more than 8,000 offshore wind turbines by 2020 to get 15 percent of electricity from renewable sources. Germany installed 7.4 gigawatts of solar photovoltaic capacity last year, the most of any nation, driving total capacity to 17,200 megawatts. Spain aims to get 20.8 percent of its total energy from marine energy, geothermal and offshore wind projects, as well as hydropower, by 2020.

German wind power capacity peaked at close to 12,000 megawatts on July 24, according to Metogroup data, the last day of negative prices. Four days later, the most that the country's wind parks generated was 315 megawatts.

Capacity Payments
Photovoltaic and solar-thermal plants may meet most of the world's demand for electricity by 2060 -- and half of all energy needs -- with wind, hydropower and biomass plants supplying much of the remaining generation, the International Energy Agency said in August.

U.K. energy regulator Ofgem is considering paying generators to keep plants open as back-up suppliers, compensating them for down time. The so-called capacity payments, which also are being studied in Germany, are likely to favor gas over coal, as gas plants can be turned on and off faster, according to Phillips.

Subsidized power rates called feed-in tariffs, a proposed carbon floor price in Britain and other measures favoring renewable projects will lead to a shift in the "merit order" of plants across Europe, he said. Power from renewable projects will be the first to be used, followed by gas-fired power plants, which release less carbon-dioxide than coal stations.

"Margins are going to get worse over the next few years, but as the value of the plant for backup starts getting interest, it becomes an issue of what they're worth, not what they cost," Hare said.

To contact the reporter on this story: Kari Lundgren in London at [e-mail] Lars Paulsson in London at [e-mail]

To contact the editor responsible for this story: Will Kennedy at [e-mail]

[ronan7] 13/9/2011 15:30

still ticking up very slowly

a lil boost or gust would be nice

[ronan7] 06/9/2011 15:39

big sells yesterday
many mills

seems to have cleared the air

[praipus] 06/9/2011 11:12

Utilico scooping up a few more.

[dashton42] 14/8/2011 08:37

Buy recommendation on GrowthCompany:

[djalan] 11/8/2011 13:05

This will be handy for WIND holders

[gdp2] 05/8/2011 11:17

This will be a great buy if sentiment in the market pushes it to prices pre-bid interest...IE 35p...then it's grab as much as you can

[grupo guitarlumber] 02/8/2011 07:10

ABB Wins Biggest-Ever Transmission Order, Worth $1 Billion
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Abb Ltd (OMX:ABB)
Intraday Stock Chart
Today : Tuesday 2 August 2011
ABB Ltd (ABBN.VX) Tuesday said it had won an order worth $1 billion to connect offshore North Sea wind farms to the German mainland power grid, its biggest-ever power transmission contract.

The order comes from the Dutch-German transmission grid operator TenneT, and is the third offshore wind connection order for ABB from Germany.

"Offshore wind power is emerging as a major source of large-scale renewable energy in Europe to help meet emission targets and lower environmental impact," said Peter Leupp, head of ABB's Power Systems division.

Scheduled to be operational in 2015, this offshore network will help to avoid more than three million tons of carbon dioxide emissions per year by replacing fossil-fuel based generation.

ABB shares closed at 18.98 Swiss francs Friday, for a year-to-date decline of 9%.

By Neil MacLucas, Dow Jones Newswires; [phone]; [e-mail]

[hugepants] 29/7/2011 08:38

There was news yesterday. Branching into Northern Ireland!