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30th November 2009
Toshiba has been awarded a contract to develop a solar power generation project for Tokyo Electric Power Company. The 7MW development will be installed into the Ukishima solar power plant, located in the Kanagawa prefecture of Kawasaki, and will utilise Toshiba’s solar power systems.
The order is the second that the electronics giant has secured in [...]
30th November 2009
Solar system provider Mp-tec and German solar module manufacturer Sovello have signed a cooperation agreement for 250,000 solar modules with a total output of 49MW until 2011.
30th November 2009
Innotech Solar has received a $9m investment from Investinor, a firm specialising in Norwegian start-up investments, which will be used to increase development.
30th November 2009
HSBC, Linklaters and Investment manager Railpen Investments, have challenged more than 40 institutions to prove they are prepared for the long term economic shift necessitated by climate change.
30th November 2009
NYSE-listed railway operator Canadian Pacific and sustainable company Natural Resources Canada have partnered on a biodiesel fuel pilot project under the National Renewable Diesel Demonstration Initiative.
30th November 2009
Biofuel company Four Rivers BioEnergy has entered into a lease agreement with purchase options with Grean Technologies, Ohio, for one of its reactor systems.
30th November 2009
NASDAQ-listed environmental technology group Opcon has increased its shares by 2.5 million to more than 24.53 million.
30th November 2009
US clean products developer Green Planet has acquired Australia-headquartered finance company Big Sky Lending to provide services to the employees of one of its subsidiaries.
30th November 2009
Eleven Michigan utilities have joined together to offer energy-saving initiatives to customers in the state. Working under the Michigan Public Service Commission, the consortium has formed Energy United, which has been set up to offer energy optimisation programmes and incentives to their subscribers.
30th November 2009
Nevada Geothermal Power has repaid $30m of its loan from TCW Bank Loan Group. The balance to pay the loan down to approximately $70m is expected to come from a senior debt financing planned with John Hancock Life Insurance Company, anticipated to close in January.
30th November 2009
A growth in private capital funding is expected in the cleantech sector in 2010, according to a new report. Global venture and private equity investment in the sector is predicted to exceed 2009 with general partner fundraising also set peak in 2010.
30th November 2009
Australian private equity firm Pacific Equity Partners (PEP) has made a takeover cash offer of $2.75 per share to renewable energy company Energy Developments through its portfolio company Greenspark Power Holdings.
30th November 2009
Renewable power company Novera has accepted energy group Infinis Energy’s revised cash offer of 77 pence per share, following a string of rejected offers over the last month.
30th November 2009
Nasdaq-listed wind developer Tricorona has called for the UN to continue encouraging wind power in China.
30th November 2009
US solar installer REC Solar has signed an agreement to build 1.7MW of solar power systems on federal Veterans Affairs hospitals in California, Arizona and Nevada.
30th November 2009
An investor in natural resources, FourWinds Capital Management’s closed-ended investment scheme, Phaunos Timber Fund, has subscribed for additional shares in renewable energy company Green Resources for NOK45m (€5.28m).
30th November 2009
UK Prime Minister Gordon Brown has proposed a $10bn Copenhagen Launch Fund to assist developing countries tackle climate change, as part of a global climate agreement to be reached in Copenhagen in December.
27th November 2009
WindStream Technologies, a wind power start-up based in Manhattan Beach, California, is to develop a new production facility in Indiana. The company, which manufactures small scale wind turbines called TurboMills, said that it will invest several million dollars in the new operations, expected to be finished by 2012.
27th November 2009
Start-up energy storage technology developer SustainX has received a $5.39m award from the US Department of Energy (DOE). The award will enable SustainX to develop its technology and deploy a full-scale demonstration of its method for storing large amounts of energy using compressed air.
27th November 2009
The Oklahoma Corporation Commission has approved the terms of the OU Spirit wind farm project.
27th November 2009
The provincial government of Ontario, Canada is inviting proposals for the use of logs, branches and other wood from forests in the region. Ontario is initially accepting proposals for the use of approximately 11 million cubic metres of wood, to create green jobs and galvanise investment in the forest industry.
27th November 2009
South Korea-based Daewoo Shipbuilding & Marine Engineering (DSME) is considering constructing a wind power plant in China, according to a report.
27th November 2009
Bulgaria is set to expand its wind power output in the next ten years from 330MW to 3,000MW installed capacity by 2020, according to the European Wind Energy Association (EWEA).
27th November 2009
A member of the foundation behind the proposed 470GW Desertec solar initiative has unveiled a proposal to pool surplus renewable power in the Asia Pacific region. Giving the closing address at the Clean Energy Expo Asia 2009 conference, Desertec-Australia founder Stewart Taggart outlined proposals for a transmission grid linking Asia Pacific countries, allowing for the pooling of excess renewable power.
27th November 2009
Private equity firm Middle East & Asia Capital Partners has raised its MAP clean energy fund target from $400m to $500m to accommodate a sharia-compliant investment vehicle, according to reports.
27th November 2009
California-based electric vehicle manufacturer Tesla Motors has launched a regional sales and service centre in Monaco as it reportedly prepares to file for an IPO.
27th November 2009
Chinese solar developer Trony Solar Holdings has increased its IPO public offering to $241.5m, up from $200m, according to reports.
27th November 2009
Brazil’s energy research corporation, EPE, has approved 339 wind generation projects to be included in the nation’s energy auction in December, with an installed capacity of over 10GW.
27th November 2009
Renewable oil company Solazyme has appointed Michael Golembieski to its management team as senior vice president and general manager responsible for growing Solazyme’s feed ingredient business for renewable oils, purified microalgae, and microalgae extracts.
26th November 2009
South African energy company Sasol may be about to join a Norwegian state carbon capture research initiative. The company signed a memorandum of understanding with Gassnova, a Norwegian state carbon capture and storage enterprise, to consider becoming a participant in the European CO2 Technology Centre Mongstad (TCM), currently under construction in Norway.
26th November 2009
India’s minister for new and renewable energy, Dr Farooq Abdullah, has confirmed the details of the country’s mission to 20GW of solar energy capacity by 2022.
26th November 2009
US green home improvement chain New Home Green Materials and Learning Center has formed an alliance with cleantech business recruitment company WorldBridge Partners to help them expand.
26th November 2009
Investment and analysis specialist Allianz Global Investors has predicted that the big winners from the upcoming Copenhagen climate summit could be renewable energy technology providers and early corporate adopters of emissions reduction measures.
26th November 2009
German solar cell developer Heliatek has received $27m in a second round of financing under pan-European venture capital firm Wellington Partners.
26th November 2009
China’s state council has pledged to reduce its carbon dioxide emissions 40 to 45 per cent by 2020 compared with 2005 levels.
26th November 2009
Abengoa Solar and E.ON Climate and Renewables have formed a partnership to jointly own and operate two 50MW concentrating solar power plants, which are currently under construction are located in Seville, Southern Spain.
26th November 2009
NYSE-listed renewable energy company Global Energy Holdings Group is voluntarily seeking to reorganise itself and four of subsidiaries under Chapter 11 of the US bankruptcy code in the US Bankruptcy Court for the District of Delaware.
26th November 2009
US solar manufacturer Suniva has completed its collaborative project with solar developer Titan Energy Systems to create India’s first large-scale project in Jamuria, West Bengal.
26th November 2009
Swedish biofuel plant developer EcoEnergy has signed a memorandum of understanding with Changzhou Xinbei district government and Jiangsu Guoyu Electric to build local waste-to-energy facilities in the Changzhou Xinbei district of China.
26th November 2009
US President Barack Obama has committed to attending the UN Copenhagen climate talks in December.
26th November 2009
EDF Energies Nouvelles and RES Canada have signed a framework agreement with German turbine supplier REpower, covering the delivery of up to 954MW of wind generating capacity. The turbines are intended for five Québec wind projects being developed by Saint-Laurent Énergies, a Montréal based wind energy company jointly owned by the consortium of EDF EN Canada, Hydroméga Services, and RES Canada.
25th November 2009
Energy efficiency company Viridity Energy has teamed up with US power company Con Edison to work on a project of increasing energy efficiency in New York. Con Edison received $45m in smart grid stimulus funding from the US Department of Energy (DOE), and Viridity will work with the utility, alongside the New York City Economic Development Corporation to optimise power generation using advanced building technologies and solar generation.
25th November 2009
In the first nine months of 2009, wind turbine developer the Nordex Group generated a four per cent increase in sales to €814m from €781.1m the previous year.
25th November 2009
Private equity firm Global Environment Fund (GEF) announces the completion of an investment of $46.3m in Greenko in Hyderabad, India.
25th November 2009
US power company Calpine Corporation has announced the refinancing of a 2005 loan facility to include its Mankato power plant and Freeport energy centre. The extended facility is for an eight year senior secured credit facility worth $498.5m, including a $465m senior term loan facilit, an $411m secured letter of credit and a $22.5m debt service reserve letter of credit.
25th November 2009
The World Bank has approved a $60m loan to rehabilitate three hydroelectric power plants in Ukraine.
25th November 2009
Asian renewables firm Hong Kong Energy has acquired a stake in a 200MW wind farm based in Danjinghe. The company obtained the stake through a $10.1m investment in HKE Wind Power, giving Hong Kong Energy 25 per cent of the company and a 10 per cent equity interest in the wind farm.
25th November 2009
Fortune 500 utility company Duke Energy is to spend $44m on the design, manufacture and installation of energy storage batteries at one of its wind farms in Texas. The company received a $22m grant for the project from the US Department of Energy (DOE), and has promised to match it.
25th November 2009
US rooftop solar photovoltaics manufacturer Solyndra has received a $105m order from Italian solar integrator Sun System. The order, to be delivered over several years, will be used in rooftop solar developments in Europe.
25th November 2009
Australian ASX-listed renewable utility Solverdi Worldwide has executed a $14.8m annual contract for biofuels energy supply to Turkish Republic Northern Cyprus.
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