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Archive for January, 2011

31 January 2011

Randstad offshore wind transmission link gets €450m EIB loan

A transmission loop to connect North Sea wind farms has been given a €450m boost by the European Investment Bank.

31 January 2011

GE secures its largest European wind services contract

Power heavyweight General Electric has inked a ten-year wind services contract with Spanish wind developer Cobra Energia, a subsidiary of Spanish constructor ACS.

31 January 2011

National Grid, Mitsubishi in the running for £1.9m offshore transmission links

National Grid Offshore, Misubishi and Balfour Beatty Capital are among eight bidders that have qualified to compete for three offshore wind farm transmission links under the UK offshore transmission regime.

31 January 2011

UK government split over Green Investment Bank

The proposed Green Investment Bank to be set up in the UK has caused friction between the Department of Energy and Climate Change and the Treasury as factions form over the extent to which public funds will be used.

31 January 2011

Coal still king in EU, despite wind growth

Despite considerable growth in wind energy in 2010, the European Union installed more coal than it decommissioned last year for only the second time since 1998.

31 January 2011

Pattern Energy launches operations control centre

Renewable energy project developer Pattern Energy has set-up an operations control centre in Texas to provide round-the-clock monitoring, coordination and operation of its wind energy projects.

31 January 2011

US recovery funds stimulate cleantech investment

Two years on from the launch of the American Reinvestment and Recovery Act, new data shows the US is making significant progress on doubling its renewable energy generation over the following two years.

31 January 2011

Green project financing provides window of investment opportunity

As commercial banks have been tardy to step-into the financing required by renewable energy developers, clean energy project financing offers a window of low-risk opportunity for investors just waiting to be filled.

31 January 2011

RMT to build Western Wind projects with Gamesa turbines

Construction and engineering company RMT is to construct two wind projects in the US for Toronto-listed renewable energy producer Western Wind Energy, with 2MW Gamesa turbines.

31 January 2011

Lightech and Carmanah fall out over failed merger

Israel-based Lightech Electronics and Canadian solar LED lighting and power systems developer Carmanah Technologies are suing each other for damages after an abortive merger between the two companies.

31 January 2011

Green Answers to invest €77m in Slovakian wind project

Renewable energy developer Green Answers is to invest between €65m and €77m in a wind project in Southern Slovakia, according to reports.

31 January 2011

Maltese manufacturer FXB Group launches wind turbine

The Maltese government inaugurated a wind turbine developed by Maltese manufacturing conglomerate FXB Group at its factory late last week.

31 January 2011

Ten top tips for successful cleantech investingp

Being able to respond rapidly to opportunities and understanding the underlying science is critical in the cleantech sector, according to Natalie Diep, partner at Morrison & Foerster, in her ten tips on making successful investments.

31 January 2011

Tendril, Whirlpool to collaborate on smart appliances

Smart grid developer Tendril and white goods major Whirlpool are to co-operate on the rollout of ‘smart appliances’ in the US.

31 January 2011

Renewable Energy Generation rejects takeover bid

UK-based wind developer Renewable Energy Generation rejected a takeover offer this month, which its board said undervalued the company.

31 January 2011

Subocean bankrupt, bought by Technip

Scotland-based subsea cable specialist Subocean Group has been bought up by French energy company Technip after entering administration.

31 January 2011

Solar Millennium avoids earnings slump

Solar Millennium may have managed to avoid the full extent of anticipated earnings losses after it lowered its 2010 forecast, its preliminary results indicate.

31 January 2011

Future Capital Partners launches two renewable energy funds

Alternative investor Future Capital Partners has launched two funds to capitalise on the high growth potential of the renewable energy investment sector.

31 January 2011

Offshore wind boosts European renewables growthp

Growth in offshore wind installations was the key driver behind the 9.3GW of new wind power capacity that was built in the European Union during 2010, according to new figures.

31 January 2011

Stock round-up: Energy storage stocks rise after Obama address

Barack Obama used Tuesday’s State of the Union speech to underline his commitment to renewable energy and electric vehicles (EVs), though how much investment he can channel into the sector is an open question.

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