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  • BEIJING, Feb 22- China will aim to close more than 1,000 coal mines over the course of this year, with a total production capacity of 60 million tonnes, as part of its plans to tackle a price-sapping supply glut in the sector, the country's energy regulator said. The notice, citing administration head Nur Bekri, said China would also aim to tackle overcapacity in the...

  • SAO PAULO, Feb 18- Brazilian renewable energy company Renova Energia SA will delay some of its projects in the country due to insufficient funding, its Chief Executive Officer Carlos Waack said on Thursday. Renova has a large portfolio of wind and solar power projects in development in Brazil, reaching almost 2 gigawatts. The company estimates it would need...

  • *Q4 earnings/shr 87 cents vs est 91 cents. *Sees 2016 earnings/shr $4.50- $4.70 vs est $4.66. The North Carolina- based company said it expected adjusted earnings of $4.50- $4.70 per share in 2016.

  • However, adjusted profit of 86 cents per share was below the average analyst estimate of 91 cents, according to Thomson Reuters I/B/E/S. Duke said it expected adjusted earnings of $4.50- $4.70 per share in 2016. The company has said it is looking to sell all or part of its international business, which produces power in Brazil, Argentina and Chile.

  • COPENHAGEN, Feb 18- MHI Vestas, a joint venture between Vestas and Japan's Mitsubishi Heavy Industries, said on Thursday it would likely supply turbines to Belgium's largest wind farm project. The project is run by Norther N.V., a 50-50 joint venture between The Netherland's Eneco and Belgium's Elicio. "When commissioned in 2019 the Norther project will be...

  • RWE takes 2.1 bln euro impairment on power plants. *2015 net loss 200 mln euros vs consensus for profit. FRANKFURT, Feb 17- RWE, Germany's second largest utility, has scrapped its annual dividend for the first time in at least six decades, opting to save cash which it might have to shift to a state-run fund to decommission the country's nuclear power stations.

  • *RWE takes 2.1 bln euro impairment on power plants. *2015 net loss 200 mln euros vs consensus for profit. FRANKFURT, Feb 17- RWE, Germany's second largest utility, scrapped its annual dividend for the first time in at least six decades, opting to hoard cash it may soon have to shift to a state-run fund to decommission nuclear power stations.

  • ESSEN, Germany, Feb 17- Vattenfall will bid to build new offshore wind farms in Europe this year as it moves towards carbon-free generation and ditches brown coal, a senior official at the Swedish power utility told Reuters. The company plans to boost its wind power portfolio in Europe by 400 to 600 megawatts per year over the next five years from the current...

  • NEW YORK, Feb 16- Top U.S. hedge fund management firms, including Visium Asset Management and Sand Grove Capital Management, took stakes in renewable energy company SunEdison Inc during the fourth quarter. Visium bought 1.3 million shares and Sand Grove Capital added a new position of 272,000 shares, while Adage Capital Partners bought 9.2 million shares to own...

  • NEW YORK, Feb 16- Top U.S. hedge fund management firms, including Visium Asset Management and Sand Grove Capital Management, took stakes in embattled renewable energy company SunEdison Inc during the fourth quarter. Visium bought 1.3 million shares, Sand Grove Capital added a new position of 272,000 shares, while Adage Capital Partners bought 9.2 million...

  • *EDF CEO says now very close to taking Hinkley Point decision. PARIS, Feb 16- EDF shares jumped more than 10 percent, their biggest rise since 2008, after the French utility company eased worries about its ability to finance nuclear projects including Britain's Hinkley Point. The firm also reaffirmed its forecast to return to positive cash flow after dividend...

  • ASHALIM, Israel, Feb 15- In a vast expanse of open desert in southern Israel a 787- foot tower is taking shape that its builders hope will help make solar energy much more cost effective. The tower, being built by Israel- based Megalim Solar Power, whose shareholders include General Electric, will be taller than other solar towers, enabling it to generate up to 121...

  • *Russia, a poltical favorite, ability to fund plants, a bonus. JOHANNESBURG, Feb 12- South Africa will finalise requirements for its 9,600 megawatt nuclear power plant by April, with Russia and China the front-runners to win the bid, a government official involved in the negotiations told Reuters. Political alliances, Pretoria and Moscow's membership of the BRICS...

  • NEW YORK, Feb 10- The U.S. Supreme Court's decision to block federal regulations to curb carbon dioxide emissions failed to give a sustained boost to shares of the long-battered coal sector on Wednesday. After initially trading higher, Consol Energy Inc stock slipped 2.3 percent, and Peabody Energy Corp fell 0.9 percent. The states, led by coal producer West...

  • NEW YORK, Feb 10- Long-battered shares of coal companies jumped on Wednesday after the U.S. Supreme Court put on hold federal regulations to curb carbon dioxide emissions mainly from coal-fired power plants. The court's 5-4 ruling on Tuesday delivered a major blow to President Barack Obama, by blocking the centerpiece of his administration's strategy to...

  • COPENHAGEN, Feb 9- Denmark's Vestas beat forecasts with record orders for new wind turbines last year, signalling continued strong demand for renewable energy despite a plunge in fossil fuel prices. Hit by overcapacity and the withdrawal of some government subsidies during the global economic downturn, big wind turbine makers are now benefiting from a new...

  • ZAGREB, Feb 6- Croatia is unlikely to go ahead with plans to build a new coal-fired thermal plant in the northern Adriatic for which it entered partnership talks with Japan's Marubeni Corp, the environment minister said on Saturday. Such plants don't fit in, " Slaven Dobrovic said at an energy round-table in Zagreb. Croatia agreed early last year to begin talks with...

  • The move is part of the company's attempt to reduce exposure to unregulated markets in the United States and internationally, and follows its $4.9 billion purchase of natural gas distributor Piedmont Natural Gas Co.. Duke's international business- which spans Brazil, Argentina and Chile- had earned only half of what the company had expected through...

  • Feb 4- Duke Energy Corp, the largest U.S. power company by generation capacity, said it was looking to sell a whole or part of its international energy unit.

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...