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31st October 2008
US biomass company Biofuels Power Corporation is to manage a project to use wood chips and other refuse from Hurricane Ike cleanup activities in the Houston area to fuel a pilot scale power generation and carbon sequestration project that will provide up to 4 MW.
31st October 2008
Xcel Energy and enXco have joined forces to develop 351 MW of wind power in Minnesota and North Dakota by the end of 2011.
31st October 2008
NGRN and Green Energy Solutions have entered into a joint venture to establish a large scale project on First Nation land in Edmonton, Canada.
31st October 2008
US electricity company Madison Gas and Electric (MGE) has increased its wind power capacity to 137 MW in 2008, as four new wind farms in Wisconsin and Iowa began production.
31st October 2008
Enfinity Management has completed four Spanish solar plants, the company’s first on land. The plants will produce nearly 6.5 MW, and are situated in Southern Spain: Villarobledo and Peñas de San Pedro (Albacete), El Robledo (Ciudad Real) and Alcolea del Río (Sevilla).
31st October 2008
Canadian wind turbine manufacturer AAER has signed a supply deal for 61 1.65 MW wind turbines to be delivered to Mont Louis Wind, represented by NPI Wind Power GP II. and Northland Power Wind GP II, for its 100 MW wind farm project in Saint-Maxime-du-Mont-Louis, Canada.
31st October 2008
Engineering company M+W Zander has been contracted by solar energy company Norwegian Renewable Energy Corporation (REC) for a new photovoltaic manufacturing complex in Singapore. The order volume is valued within a three digit million Euros range, according to sources.
31st October 2008
Los Angeles-based biofuel feedstock development and operations company Global Clean Energy Holdings has acquired jatropha producer Technology Alternatives. The company owns and operates a 400 acre jatropha farm in subtropical Belize, Central America.
31st October 2008
US solar start-up Evolution Solar Corp. has opened its second Chinese office in Fujian Province.
31st October 2008
Peter Linthwaite on energy efficiency, on incubating new technology start-ups, on the accelerated growth of the industry, on the importance of a favourable regulatory environment and on the death of AIM for new fundraising.
CT Investment Partners finances emerging clean energy businesses. It specialises in identifying and investing in earlier stage technologies and management teams with the ability to create and deliver clean energy businesses.
31st October 2008
The India-based Centre for Jatropha Promotion and Biodiesel (CJP) is to create a new plantation targeting 10 million tonnes of biodiesel annually.
31st October 2008
Vancouver-based renewable energy company Sierra Geothermal Power is to take a 100 per cent interest in the Reese River geothermal power project, from Western Geothermal.
31st October 2008
Spanish wind energy company Acciona Energy is in the process of installing two wind parks in the United States, with an investment of approximately $495m.
31st October 2008
Air New Zealand is to launch a biofuel test flight in December. The airline will use jatropha-based biofuel to power one of four engines in a Boeing 747-400.
31st October 2008
Californian battery technology company Envia Systems has raised $3.2m in first-round funding from US venture Capital firms Bay Partners and Redpoint Ventures.
30th October 2008
The Canadian Wind Energy Association (CanWEA) has released its vision for wind energy development. Wind Vision 2025 – Powering Canada’s Future, argues that Canada can and must ensure that wind energy supplies 20 per cent of the country’s demand by 2025, bringing total Canadian wind-energy capacity to 55,000 MW.
30th October 2008
Infrastructure-focused private investment firm Conduit Capital Partners has acquired a 50 per cent ownership stake in Brazilian hydroelectric company GLEP Energias Renováveis e Participações. Financial terms were not disclosed.
30th October 2008
The third quarter of 2008 saw US venture capital investments in cleantech hit a record $1.6bn, up 55 per cent from the previous quarter, according to an Ernst & Young analysis based on data from Dow Jones VentureSource.
30th October 2008
Austrian technology venture capital firm Gamma Capital Partners has hired cleantech expert and entrepreneur Jürgen Wahl. Wahl is currently the CEO of start-up consultancy Wahl & Partner. He previously worked on a forestry development project in Bhutan and for an international fast food chain to co-develop a waste collection and recycling system.
30th October 2008
Solar thermal power plant developer Solar Millennium has agreed to sell its stake in European parabolic trough power plant Andasol, to an unnamed solar fund. Financial details have not been disclosed.
30th October 2008
Global energy giant GDF SUEZ Energy International has acquired Econergy International for £39m. Econergy, a US company listed in the UK, focuses on renewable energy projects in Latin America and North America.
30th October 2008
Energy-focused private equity and venture capital firm Altira Group has led a $15.4m Series B investment round in NxtGen Emission Controls. The company develops syngas technology for diesel engine combustion optimisation, focusing on making existing and new engines cleaner to meet global emission reduction regulations.
30th October 2008
The CalCEF Clean Energy Angel Fund I has held a second closing. The fund invests in early stage clean energy companies.
30th October 2008
African nations could yield higher returns from the demand for their natural resources, currently driving deforestation and destruction, by using sustainable development, according to a recent report from the WWF.
30th October 2008
This China Green Paper from Eversheds focuses on the newly announced formal arrangements for the implementation of clean development mechanism (CDM) projects in Hong Kong and their implications for companies that wish to pursue CDM projects in Hong Kong.
30th October 2008
US solar installer SolarCity has closed a $30m investment round to aid the company’s expansion in the US. Thin film technology company First Solar invested $25m, with the remaining capital coming from venture capital firms Draper Fisher Jurvetson and DBL Investors.
30th October 2008
The Governor of California Arnold Schwarzenegger has set a goal of increasing California’s renewable energy sources to 20 per cent by 2010, and he supports reaching 33 per cent by 2020.
30th October 2008
Clear Skies Solar has entered into a $5.7m agreement with Achilles Chondronasios & Co. to develop and build a 960 KW solar power project in Greece.
30th October 2008
US electric utility Exelon Generation Company has acquired the rights to purchase 198 MW of output from the 396 MW Twin Groves Wind Farm, from Constellation Energy Commodities Group. Financial terms of the deal were not disclosed.
29th October 2008
Samsung Everland, a Samsung Group affiliate, has purchased 12 UTC Power 400 kW fuel cell systems for installation at a GS Power plant in the Town of Anyang, just outside Seoul, from renewable energy business UTC Power, a subsidiary of United Technologies Corp.
29th October 2008
Early stage venture capital firm Navitas Capital and Californian building contractor Webcor have established a strategic relationship for collaboration in green construction.
29th October 2008
European venture capital firm Aescap Venture has led an €18m investment round in Avantium, a developer of next generation biofuel and bioplastics. Other investors include Capricorn Venture Partners, through its Capricorn Cleantech Fund, ING Corporate Investments and Navitas Capital.
29th October 2008
Boston-based cleantech venture capital firm RockPort Capital Partners has appointed Victor Westerlind as a general partner. Westerlind will work from the firm’s Menlo Park office.
29th October 2008
US company Clean Energy Fuels Corp is set to raise $35m in a registered direct offering of Common Stock.
29th October 2008
Pan-European venture capital firm Wellington Partners has appointed former Apax partner Christian Reitberger as venture partner. In his new role he will support the Wellington team in evaluating cleantech and other growth investment opportunities, in addition to providing strategic and operational support to existing portfolio companies, the firm said.
29th October 2008
US energy company We Energies has filed an application with the Public Service Commission of Wisconsin, to build the Glacier Hills Wind Park in Northeast Columbia County, US, at a cost of between $340m and $530m.
29th October 2008
Egyptian cable manufacturer El Sewedy Cables has created Sewedy Wind Energy Group in an effort to increase renewable energy use, according to reports.
29th October 2008
London-based private equity fund of funds New Leaf Capital is looking to raise between $400m and $500m by the end of 2009, targeting energy efficiency and renewable energy.
29th October 2008
Fortis Capital and Banco Bilbao Vizcaya Argentaria have arranged the construction and term financing of the 100 MW Phase II Mount Storm wind project.
29th October 2008
Renewable energy private equity fund adviser Platina Partners has completed its transition to LLP status. The firm has also revealed that it is in the process of raising its fourth renewable energy fund, which is targeting a final close on €250m by the end of 2008.
29th October 2008
Renewable energy investor Good Energies has made an early stage equity investment in Emergence BioEnergy, a developer of alternative energy solutions for low-income and developing countries around the world. Financial terms were not disclosed.
29th October 2008
Aggressive investment in renewable power generation and energy efficiency could create an annual $360bn industry, providing half of the worlds electricity, slashing over $18tn in future fuel costs while protecting the climate, according to a report from the European Renewable Energy Council (EREC) and Greenpeace International.
29th October 2008
US energy company Progress Energy Carolinas is seeking proposals for potential renewable energy projects and alternative energy providers.
28th October 2008
Vancouver-based early stage venture capital firm Yaletown Venture Partners, has held a first closing on its Yaletown Ventures II Limited Partnership fund on $65m. The fund has a target of $100m.
28th October 2008
Climate Change Capital, an investment manager focused on the low carbon economy, has appointed Shaun Mays as its CIO. Mays was formerly the chief executive of DeAm’s RREEF Infrastructure Investments.
28th October 2008
Ice Energy, a developer of utility-scale distributed energy resource and storage technologies, has completed a $33m first tranche of preferred second round financing. Led by Energy Capital Partners, the investment also provides up to $150m in additional project capital for the deployment of multiple utility-scale energy storage projects utilising Ice Energy technology.
28th October 2008
The California Public Utilities Commission has denied Pacific Gas & Electric’s application to approve a power purchase agreement for a 2 MW wave power project in Humboldt County, California, with renewable energy developer Finavera Renewables.
28th October 2008
Dubai-based solar panel manufacturer Solar Technologies has announced plans for the Middle East’s largest photovoltaic manufacturing facility in Dubai, to go into production in the last quarter of 2010.
28th October 2008
Wind power supplier Iberdrola Renewables has sold the 55 MW output of a biomass cogeneration plant under construction at a Tacoma, US pulp and paper mill to Sacramento Municipal Utility District (SMUD).
28th October 2008
US engineering company GE’s revenues from its energy efficient and environmentally advantageous products and services have risen 21 per cent to $17bn in 2008, while its annual investment in cleaner research and development is to exceed $1.4bn, the company announced this week.
NewNet's Essential CleanTech Investor Summit was completely sold out. Over 450 investors, innovators and influencers within clean technology and renewable energy attended on the day. The Investor Summit was Europe's largest event focused around investors and deal-makers.
For more on the Summit go to: www.NewNetInvestorSummit.com
