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Archive for December, 2009

US Department of Energy to invest $366m in Energy Innovation Hubs

US Department of Energy (DOE) Secretary Steven Chu has outlined the Department’s plans to invest up to $366m to establish and operate three new Energy Innovation Hubs focused on accelerating research and development in three key energy areas.

Read More | Comments (0) | North America, energy efficiency, policy

Motech to purchase GE Energy’s Delaware solar module assembly operation

Solar cell producer Motech Industries has agreed to acquire GE Energy’s Delaware solar module assembly operation. The plant, which is located in Newark, Delaware assembles crystalline silicon based photovoltaic modules.

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Green chemistry company Segetis picks up $17.2m in Series B round

Segetis, a green chemistry company that produces binary monomers from renewable resources, yielding a new class of industrial chemicals and plastics, has raised $17.2m as part of a series B financing round. No investors have been identified.

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Fuel Tech awarded air pollution control orders totaling $2.2m

US clean technology company Fuel Tech has gained multiple air pollution control orders totaling $2.2m.

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Wind developer Theolia announces plans for capital raise

Independent wind energy developer Theolia has signed agreements with its principal bondholders, representing 65.5 per cent of the nominal issue amount, of the restructuring of a convertible bond, and also its intention to launch a capital increase up to a maximum of €100m by the company’s current shareholders.

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Iberdrola Renewables completes Rugby, North Dakota wind plant

Iberdrola Renewables has completed construction of the 149MW Rugby wind power project near Rugby, North Dakota.

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enXco announces commercial operation of 1.8MW Belle Mead solar project

enXco, a subsidiary of energy company EDF Energies Nouvelles, has announced commercial operation of the 1.8MW Belle Mead Solar Project.

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Biotechnology company Codexis prepares for IPO

Codexis has filed a registration statement with the U.S. Securities and Exchange Commission (”SEC”) relating to the proposed initial public offering of shares of its common stock. The shares of common stock to be sold in this offering are proposed to be sold by Codexis and certain of its stockholders.

Read More | Comments (0) | North America, biomass/biofuel, companies

Boralex adds 47MW of wind power in France

Boralex and its new European partner, Cube Infrastructure Fund, have together acquired three wind farms in France, increasing Boralex’s installed wind power capacity in Europe to 170MW.

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SunEdison and Xcel Energy team for New Mexico solar installations

SunEdison and Xcel energy team for New Mexico solar installations

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Centrica announces new equity partners for Lincs offshore wind project

Centrica, the parent company of British Gas, has agreed the sale of a 50 per cent equity stake in its 270MW Lincs offshore wind farm to DONG Energy and Siemens Project Ventures for a cash consideration of £50m.

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Ascent Solar announces retirement of Dr Prem Nath

Ascent Solar Technologies, a developer of flexible thin-film photovoltaic modules, today announced that senior vice president of production operations, Dr Prem Nath is to retire. Dr. Nath has led the company’s manufacturing efforts since 2006 and helped establish the company’s roll-to-roll commercial production capability.

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Acro Energy announces private placement

Listed residential solar company Acro Energy Technologies has arranged a non-brokered private placement of approximately 1,575,000 units at a price of CAN$0.20 per unit, for aggregate gross proceeds of approximately CAN$315,000.

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LDK Solar closes follow-on public offering of 16.52 million shares

NYSE-listed multicrystalline solar wafer manufacturer LDK Solar has closed a follow-on offering of 16.52 million American depositary shares at a price to the public of $7 each. The company has received net proceeds of more than $111m from the offering.

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Nevada Geothermal Power’s Faulkner 1 plant power output climbs

US based renewable energy developer Nevada Geothermal Power has increased production from its flagship Faulkner 1 power plant and reports positive interim results from its current output-optimisation drilling programme.

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NewNet Investor Profile: Steve Westly, The Westly Group

Steve Westly discusses the opportunities for US clean technology investors, the long-term prospects for the sector, and the role of global government in stimulating the industry’s growth.

‘What people are realising is that while it never hurts to be smart, most of our entrepreneurs need someone who can navigate government because so much of this industry is government-based and government-dependent.’

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Biofuel company XcelPlus reports 2009 revenues of $7.8m

US biofuel manufacturer and distributor XcelPlus Global Holdings has reported revenues for the eleven months ended 30 November 2009 of more than $7.8m.

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S.A.G. Solarstrom extends share buyback period and plans to install 9.7MW of photovoltaic systems in Italy

German photovoltaic plant manufacturer S.A.G. Solarstrom plans to install ten photovoltaic systems with a total output of 9.7MW in the Italian province of Brindisi.

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Heidelberg Innovation Forum, 22 April 2010, Heidelberg

Title: Heidelberg Innovation Forum, 22 April 2010, Heidelberg
Location: Heidelberg
Organizer: MFG Baden-Württemberg mbH
Event Website: Click here
Description: The forum will cover a broad sprectrum in the field of cleantech industries. Topics may range from Green IT and ICT innovations, Energy Efficiency, Energy Storage, Renewable Energies and White Biotech over Sustainable Mobility to Product Recycling.
Date: 2010-04-22

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$5m in US Recovery Act funding will leverage $22m for eight biogas projects

The US is investing $5m in federal recovery money in eight alternative energy projects that use biological materials such as sewage, animal and food processing waste to generate enough energy to power more than 80,000 homes.

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Iberdrola Renewables extends and expands power agreement with Modesto Irrigation District

US wind company Iberdrola Renewables has extended and expanded an existing power purchase agreement with California’s public power utility Modesto Irrigation District (MID), meaning the District will now get 19 per cent of its portfolio from renewable sources.

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SolarReserve signs power contract with PG&E for Californian Rice solar project

US solar developer SolarReserve has signed an agreement with Pacific Gas and Electric Company (PG&E) for the sale of electricity from its Rice solar energy project. The 150MW solar energy project will be located 30 miles northwest of the city of Blythe in eastern Riverside County, California.

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GT Solar appoints R Chad Van Sweden to its board of directors

NASDAQ-listed US solar company GT Solar International has appointed R Chad Van Sweden to the company’s board of directors. Van Sweden succeeds Richard Landers, who is stepping down from the board.

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Shaw completes retrofit programme for fleet of coal-fired plants

NYSE-listed US energy engineering company Shaw Group’s Power Group has completed a flue gas desulphurisation construction programme for a fleet of three coal-fired power plants in Maryland.

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Ludgate Environmental Fund leads €8.1m Terra Nova investment

UK cleantech investor Ludgate Environmental Fund has led an €8.1m funding round in French electrical components recycling business Terra Nova, investing €3m for a 25 per cent shareholding in the company. Other investors included Aurinvest, who put up €2.5m, the Lewis Group, who invested €1.3m, BNP Private Equity, who invested €0.8m, and Finorpa, who injected €0.5m.

Read More | Comments (0) | Europe, deals, energy efficiency

SolarReserve agrees to purchase NV Energy’s Crescent Dunes solar project output

California-based developer of utility-scale solar power projects SolarReserve has signed a 25-year power purchase agreement with NV Energy for the sale of electricity from its Crescent Dunes solar energy project.

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Stationary fuel cell revenues will double by 2013, forecasts new report

The economics of fuel cells are improving each year, according to Pike Research, which forecasts that global revenues will more than double over the next few years, from $336m in 2009 to $716m in 2013.

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Industrial Nanotech and Total Energy Care agree to develop energy saving coatings for solar panels

Nanotechnology company Industrial Nanotech and Canadian solar manufacturer Total Energy Care (TEC) have agreed to incorporate Nansulate Solar in solar thermal panels to increase efficiency.

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A-Power and Thailand’s Biomass Electricity agree to build a 150MW biomass power plant

NASDAQ-listed Chinese distributed power generation company A-Power Energy Generation Systems has signed a contract with Thai biomass company Biomass Electricity, to develop a 150MW biomass firing power plant in Prachinburi, Thailand.

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Suzlon engages Marathon Capital to advance finance strategy

US wind company Suzlon Wind Energy, the North American subsidiary of India wind turbine group Suzlon Energy Limited (SEL), has appointed renewable energy-focused investment bank Marathon Capital to explore and identify innovative financing strategies for wind turbines and their associated costs.

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Fort Chicago Energy Partners’ subsidiary offers to acquire Northbrook 33MW hydro facility for $80m

An indirect wholly-owned subsidiary of Fort Chicago Energy Partners has entered into a purchase agreement to acquire a 100 per cent interest in Northbrook New York, which owns a 33MW hydro power generation facility, for around $80m.

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Solar service provider MEMC acquires stake in wafer manufacturer Eversol

NYSE-listed solar silicon wafer manufacturer and solar energy service provider MEMC Electronic Materials, has taken an ownership interest in solar wafer manufacturer Eversol Corporation in Taiwan.

Read More | Comments (1) | Asia, North America, deals, solar

VIASPACE files amendment to the listing of its green energy subsidiary

VIASPACE has filed an amendment with the Securities and Exchange Commission (SEC) to list its majority-owned subsidiary, Viaspace Green Energy (VGE), as a separately reporting public company.

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Carbon price falls following Copenhagen conference

Carbon prices have dropped following the Copenhagen climate conference, according to reports.

Read More | Comments (0) | Europe, energy efficiency, features, policy

Solar company Amonix acquires solar plant developer Sunworks and appoints three of its executives

US utility-scale solar company Amonix has acquired solar manufacturing plant developer Sunworks Solar and added three of its key executives to its management team.

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First Solar and NRG Energy launch 21MW solar plant in California

NASDAQ-listed solar company First Solar and NYSE-listed renewable energy company NRG Energy have started commercial operation of the 21MW solar photovoltaic plant in Blythe, California.

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FPL Group calls for the Senate to act following Copenhagen climate conference

Lew Hay, chairman and CEO of NYSE-listed renewable energy producer the FPL Group has backed the Environmental Protection Agency’s regulation of greenhouse gas emissions, following the conclusion of the Copenhagen climate talks.

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Applied Materials acquires Semitool

NASDAQ-listed solar equipment manufacturer Applied Materials has acquired NASDAQ-listed semiconductor company Semitool.

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Lower Colorado River Authority agrees to purchase EC&R’s Papalote Creek wind farm output

E.ON Climate & Renewables (EC&R) North America and the Lower Colorado River Authority (LCRA) have signed a 18-year power purchase agreement, under which LCRA will purchase the entire 200MW output from the second phase of EC&R’s Papalote Creek wind farm.

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Pennsylvania Energy Development Authority awards $1.5m to energy projects

The Pennsylvania Energy Development Authority (PEDA) has awarded $1.5m in investments to six energy generation projects with funds made available through the settlement of a ratepayer case between Duquesne Light Company and the Public Utility Commission.

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Solyndra files registration statement for IPO

Mounted photovoltaic manufacturer Solyndra has filed a registration statement with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common stock.

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SunPower and SolarPower launch Israel solar plant

US-based solar manufacturer SunPower and Israeli solar power system integrator SolarPower have launched a 50KW rooftop mounted solar power system at Hewlett Packard’s Indigo division facility in Kiryat-Gat, Israel.

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First Solar and EDF Energies Nouvelles consider new French solar plant

NASDAQ-listed solar company First Solar and renewable energy company EDF Energies Nouvelles are in the final stages of negotiations with the town of Blanquefort, near the city of Bordeaux, france to locate a new solar panel manufacturing plant.

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LDC invests £17m in Scottish marine installer Subocean

The private equity arm of the Lloyds Banking Group, Lloyds TSB Development Capital (LDC), has invested £17m in Aberdeen-based marine installation contractor, Subocean Group.

Read More | Comments (0) | Europe, deals, water

Copenhagen Accord promises $30bn in funding to kickstart emissions reduction in poorest nations

Developed and developing country leaders have formed the Copenhagen Accord, reaching agreement after two weeks of negotiations and two years of talks.

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Acro Energy Issues stock options

US solar company Acro Energy Technologies has issued new stock options to officers and directors of the company to purchase 110,000 common shares in Acro for $0.24 per share for a term of five years, to vest over a period of two years.

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Seajacks International joins with Riverstone subsidiary

Offshore wind farm servicer Seajacks International has entered into an amalgamation agreement with R/C Europe Offshore Investment Partnership, controlled by private equity firm Riverstone Holdings, under which Riverstone will pay a cash consideration of NOK90 (€10.73) per Seajacks share, valuing the total share capital of Seajacks at NOK1.2bn (€0.14bn).

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New study predicts a decade of progress for the global offshore wind industry

The offshore wind industry is poised for substantial scaling over the next decade, with the global installed base expected to grow to nearly 45GW in 2020, according to a new market study by Emerging Energy Research (EER).

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EIB signs over €500m funding for EDF EN solar projects

The European Investment Bank has signed a memorandum of understanding with French energy company EDF Energies Nouvelles (EDF EN) to provide €500m of funding for solar photovoltaic projects in France and Italy.

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EIB signs over €500m funding for EDF EN solar projects

The European Investment Bank has signed a memorandum of understanding with French energy company EDF Energies Nouvelles (EDF EN) to provide €500m of funding for solar photovoltaic projects in France and Italy.

Read More | Comments (1) | Europe, deals, solar