News

Our March field trip to Germany confirmed that E.On’s profit and dividend outlooks are solid through 2013. Driven by improving demand and higher European coal prices we expect the front year power contract to rebound toward 50 EUR/MWh (+10%) in Germany in the near future.

Iberdrola Renovables announced plans to invest EUR 9 billion in wind energy over the next three years. EUR 4.9 billion will be invested in the U.S., EUR 1.9 billion in the UK, EUR 1 billion in Spain and EUR 1.2 billion in the rest of the world. Iberdrola Renovables also plans to open an offshore win...

Chinese Suntech Power, the worlds largest producer of crystalline photovoltaic modules, saw a surge in net income in Q4 to USD 92 million (+182% yoy). For 2010, the company expects to ship 1.25 GW and increase capacity to 1.4 GW (currently 1.1 GW) by mid 2010.

Paul Scherrer Institut, Villigen PSI, Schweiz

Beigleiten Sie EIC Partners AG an die Energietagung am Paul Scherrer Institut.

In the US, First Energy bid USD 4.7 billion for Pennsylvanian coal-fired power generator Allegheney Energy. The bid premium of 32% values Allegheney at 12x 2010 earnings. This highlights the value in the fund’s generation companies such as PSEG (9.5x), PPL (8.5x) and Constellation (10.5x). We added ...

Chinese solar companies continue to outperform the German solar companies. Ja Solar, Canadian Solar and Trina Solar all reported strong Q4 sales growth with mostly stable margins and the companies increased guidance for 2010 shipments. German companies still suffering in the current environment. Q-C...

The Global Wind Energy Council announced surprisingly high global installations. 37.5 GW were installed in 2009, compared to a 27.1 GW in 2008. Major 2009 contributors were China with 13 GW, the EU with 10.2 GW and the US with 9.9 GW. Cumulative global capacity now stands at 158 GW.

All US utilities in the fund’s portfolio have so far beaten earnings expectations for Q4 2009. Entergy, Exelon, Wisconsin and Alliant Energy beat expectations by 8%, while FPL Energy beat by 4%. More importantly, all five companies provided 2010 earnings guidance in-line or higher than the market’s ...

The Obama administration announced that it would offer USD 2.3 billion in clean-energy manufacturing tax credits to 183 companies. Each project must now raise private funds to construct its plant in order to exploit the tax benefit. Ontario's government signed an agreement with a consortium led by S...

The German Environment Ministry (BMU) presented its suggested changes to the solar feed-in tariffs: 15% cut for ground mounted systems effective July 1st (25% for farmland), 15% cut for roof top systems effective April 1st and further 2.5% cut to the year-end annual tariff decline rate if domestic i...