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30th October 2009
Boston-based private equity firm Global Energy Investors has formed to target investments in renewable energy power generation projects.
30th October 2009
UK renewable energy company Novera Energy has come out against clean energy generator Infinis in an increasingly ugly takeover battle. Novera has urged shareholders to reject an offer by of 62.5 pence per Novera share, calling it ‘wholly inadequate’.
30th October 2009
The US Department of Energy Secretary (DOE) has awarded $338m in Recovery Act funding to the exploration and development of new geothermal fields and research into advanced geothermal technologies.
30th October 2009
The National Development and Reform Commission in China has approved Jiangxi Jingdezhen Power Plant’s extension project of double 600MW called Replace Small Units with Big Ones.
30th October 2009
Renewable fuels company Great Plains Oil & Exploration has leased a liquidated oilseed plant from Carbonics Capital to develop its oilseed production programme.
30th October 2009
Multinational electric company Sanyo is to branch into the energy solutions business with system proposals to reduce running costs and CO2 emissions for factories, schools, stores and other facilities.
30th October 2009
Great Plains Energy, which owns electric utility Kansas City Power and Light Company (KCP&L) has announced its earnings for the third quarter of 2009.
30th October 2009
Canadian geothermal power company Magma Energy has received a $10m grant from the US Department of Energy (DOE) for two Nevada geothermal projects.
30th October 2009
Mary Rosenthal, executive director of non-profit trade association Algal Biomass Organization (ABO) has appeared in front of the US Congress to testify on the benefits of algal biofuels. Rosenthal argued for the commercial scalability and range of fuels, including ethanol, biodiesel and biojet that can be derived from algae, and outlined steps that Congress could take to ensure parity for the algae with other next generation feedstocks.
30th October 2009
Netherlands-based GreenPeak Technologies has completed a Series B financing round totalling $19m of venture funding. The round was led by European investor Gimv and Robert Bosch Venture Capital and supported by DFJ Esprit, Motorola Ventures and Allegro Investment Fund.
30th October 2009
The Pennsylvania NanoMaterials Commercialization Center has started an initiative to develop products and companies using advanced materials technologies within the energy industry with the $500,000 grant from Ben Franklin Technology Development Authority.
30th October 2009
Kyocera, a Japanese producer of solar cells and electronic devices, reported an 80.7 per cent drop in profits for the first half of this year despite drastic cost-cutting measures. Net income fell to ¥8.73bn ($96m) from ¥45.2bn ($496m). Sales declined 27 per cent from ¥658.7bn ($7.23bn) to ¥483.9bn ($5.31bn).
30th October 2009
Government-owned public utility company Hydro-Québec is set to acquire most of the assets of New Brunswick electricity supplier, NB Power, including its hydro facilities, peaking power plants and Point Lepreau nuclear facility.
30th October 2009
Global Infrastructure Partners, an independent $5.64bn infrastructure investment fund, has reached agreement to acquire up to a 40 per cent convertible preferred interest in Terra-Gen Power from private equity firm ArcLight Capital Partners.
30th October 2009
Energy supply company OG&E has entered into agreements with General Electric Energy (GE) and smart grid provider Silver Spring Networks, to handle its Positive Energy smart grid programme, which is deployed in Norman, Oklahoma, next year.
30th October 2009
Olympus Capital has reportedly closed its Asia Environmental Partners fund on $250m.
30th October 2009
South Western US energy company Pinnacle West has reported increased revenues for the third quarter of 2009, with net income reaching $186.7m. The company, which counts Solar company Suncor and renewable energy solutions company APS Energy Services among its subsidiaries, attributed the strong results to record August temperatures in Arizona, lower operational costs, and better fuel prices.
30th October 2009
US renewable energy producer GreenHunter Energy has exited its minority equity stake in Guangdong MingYang Wind Power Technology, a Chinese manufacturer of industrial scale wind turbines. The stake was picked up by Chinese growth venture firm DT Capital Partners for $9.1m.
30th October 2009
E.ON is nearer to developing its Humber Gateway offshore wind farm after submitting a planning application to build a new substation on industrial land near Salt End.
30th October 2009
Sharp Corporation’s financial results for the quarter ending 30 September 2009 show that sales of solar cells have resisted the vast drop that its electronic devices and components have experienced.
29th October 2009
The US Renewable Energy Group (US-REG) and Cielo Wind Power have entered into a joint venture agreement with China’s Shenyang Power Group, which sets forth plans to develop a 600MW wind farm across approximately 36,000 acres in Texas.
29th October 2009
Boston fuel and energy company Townsend Oil & Propane has produced a new clean-burning fuel. The fuel improves the fuel economy of heating systems by three to four per cent and reduces smoke and soot emissions, the company said.
29th October 2009
Later this year, aleo solar will supply solar modules totaling 200KW to several solar facilities in Israel.
29th October 2009
Hong Kong-headquartered private equity firm Affinity Equity is to acquire a 94 per cent stake in electric car energy efficiency device supplier Bejing Leader & Harvest Electric Technologies, according to reports.
29th October 2009
Renewable Funding, a US financier of property assessed clean energy (PACE) programmes, has closed a $12.2m Series A funding. Investment was led by NGEN Partners and Draper Fisher Jurvetson, with other investors including New Cycle Capital and the Wilson Sonsini law firm.
29th October 2009
Wind Works, a Canadian developer of wind energy projects, has acquired Zero Emission People, a privately-held wind energy company. The acquisition includes Zero Emission’s portfolio of ten wind projects totalling 375MW, which brings Wind Work’s total project pipeline to 385MW across 11 projects.
29th October 2009
The UK South West Regional Development Agency (South West RDA), a public agency devoted to business development in the region, has invested £1.2m in in a wave tank testing facility.
29th October 2009
Heat transfer company Alfa Laval has received a SEK100m (€9.7) order from PetroVietnam group for equipment and engineering solutions to an ethanol production plant in northern Vietnam.
29th October 2009
Emissions control company Fuel Tech has signed a $12.7m air pollution control contract with major Midwestern utility, including installation of multiple low nitrogen oxide burners and an over-fire air system for a single coal-fired unit.
29th October 2009
Scottish Renewables, a trade association for the Scottish green power industry, has welcomed the findings of a joint government and industry report outlining development plans for the marine energy industry. According to the association, the report’s recommendations could create 12,500 jobs in the sector by 2020, endorsing calls for increased stimulus funding for the sector, including a repeat of the Wave and Tidal Energy support scheme, which could mean that Scottish wave and tidal generators receive more revenue for the electricity they generate than operators in England or Wales.
29th October 2009
Funds and accounts managed by the Energy & Infrastructure Group of TCW have agreed to purchase a 50 per cent equity stake in Centrica subsidiary GLID Wind Farms Topco for approximately £84.4m.
29th October 2009
The Swedish government’s automotive venture capital company Fouriertransform is making its first investment. It is investing SEK60m (€5.8m) in Powercell Sweden, which develops, produces and sells fuel cells, fuel reformers and auxillary power units.
29th October 2009
Australian ocean energy company, BioPower Systems, has signed a Memorandum of Understanding (MoU) with Spanish global development company Elecnor.
29th October 2009
CEO of US energy company NRG Energy David Crane has urged the Senate Committee on Climate Change Legislation, chaired by Senator Barbara Boxer, to adopt a new approach to the development of electric vehicles.
29th October 2009
The US Department of Energy has granted a $200m stimulus award to PECO to fund a smart meter system, which the company says will create 4,300 jobs to the Greater Philadelphia area, where the company has its headquarters.
28th October 2009
The US Department of Energy has published the names of the 100 companies, utilities, municipalities and projects to benefit from US president Barack Obama’s historic $3.4bn electrical grid modernisation programme. Grants range in size from under $500,000 to $200m, with recipients dotted across the country.
28th October 2009
UK power systems company Intelligent Energy has appointed US operations head Murali Arikara as executive vice president for emerging markets. In his new role, Arikara will be tasked with developing business strategies to help the company expand into emerging markets, the company said.
28th October 2009
Novartis has completed construction of a new 1MW solar unit near its Vacaville biopharmaceutical site in California. The five acre array will supply 20 per cent of the manufacturing facility’s electrical needs.
28th October 2009
German based water technology and solutions firm Triton Water has appointed Siemens Water Europe’s Frank Koll as the new CEO, the announcement coincides with the successful merger of its two companies, according to a statement.
28th October 2009
US renewables production company Western Wind has announced plans to construct a 30MW wind project near Tehachapi Pass, the site of one of the world’s biggest wind parks. Western acquired 575 acres near the site through land purchases and ground leases to develop the project, named Windswept.
28th October 2009
Satcon Technology, a US developer of utility-scale renewable power systems, has been selected for the installation of the 5MW CalRENEW-1 project, the first utility-scale solar PV farm to be approved by the California Public Utilities Commission.
28th October 2009
General Motors R&D received a $2.7m award from the US Department of Energy (DOE) to assist build a prototype using Shape Memory Alloy (SMA), which would generate electricity from the heat in automotive exhaust.
28th October 2009
German solar company Solea AG has commenced construction of a 1.3MW solar PV project in Neuburg am Inn, Southern Germany. The investor and operator for the project is Chorus CleanTech Solar, a green funding group.
28th October 2009
The European Union (EU) aims to lower greenhouse gas emissions by 20 per cent beyond 1990 levels by 2020, and by up to 30 per cent if agreement is reached in Copenhagen later this year, according to a report by research and analysis group Frost & Sullivan.
28th October 2009
Wind technology company Clipper Windpower has initiated discussions and received approaches from a number of parties comprising both industrial multinationals and financial investors, which could lead to a significant investment in the company, according to the company’s directors.
28th October 2009
A majority of clean technology industry leaders believe cap-and-trade legislation will assist the US economy and aide in the reduction of US greenhouse gas emissions, according to a survey by law firm Cooley Godward Kronish.
28th October 2009
US solar technology company Infinia Corp has raised $14m in its latest financing round, according to a regulatory filing.
28th October 2009
Vestas has received an order for 51 units of the V80-2MW wind turbine for the Oaxaca one project to be located in the municipality of Santo Domingo de Ingenio, Mexico.
28th October 2009
Alstom Hydro has been awarded a €178m contract to provide four 250MW variable speed pump turbine and motor generator units for a new pumped storage installation in Switzerland.
28th October 2009
Centrica, the parent company of British Gas, has announced that its 270MW UK offshore wind project has received investment approval, and that construction is expected to begin in 2010.
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For more on the Summit go to: www.NewNetInvestorSummit.com
