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Archive for March, 2011

31 March 2011

South Africa’s Group Five may build $736m CSP plant

South African construction major Group Five is considering building a ZAR5bn ($736m) concentrated solar power (CSP) plant in the Northern Cape province.

31 March 2011

‘Tiny’ flight tax could raise billions, says think tank

A small tax should be levied on air travellers to pay for adaptation to climate change, in accordance with the ‘polluter pays’ principle, a think tank has said.

31 March 2011

Ex-Im Bank aids US renewables exports by funding India solar projects

US businesses are set to benefit from funding awarded by Ex-Im Bank to India-based solar energy projects.

31 March 2011

Alstom invests a further $75m in BrightSource Energy

Power giant Alstom has invested an additional $75m in California, US-based project developer BrightSource Energy.

31 March 2011

Babcock & Wilcox secures $30m contract to expand Swedish waste-to-energy plant

Equipment supplied by the Danish subsidiary of Babcock & Wilcox will be used to expand a waste-to-energy combined heat and power plant in Sweden.

31 March 2011

KfW, T-Venture invest in fuel cell developer FutureE

The venture capital arm of Deutsche Telekom, T-Venture, has joined forces with German development bank KfW and London-based Entrepreneurs Fund to invest in Germany-headquartered fuel cell start-up FutureE Fuel Cell Solutions.

31 March 2011

EPA emissions regulation vote postponed

The Senate's vote on whether to dilute or halt the Environmental Protection Agency's (EPA) greenhouse gas regulations has been delayed, according to reports.

31 March 2011

Archer Daniel Midland remarkets $1.75bn in debt

Archer Daniel Midland, which produces products and energy from renewable crops, has remarketed $1.75bn in debt that was issued as part of its equity package in 2008 in a transaction that is expected to close in early April.

31 March 2011

AEG sales drop on diminished polysilicon sector demand

Renewable energy power components provider AEG Power Solutions’ EBITDA took a tumble in 2010 to less than a tenth of the previous year’s result due to a drop in demand for power controls used in polysilicon manufacturing.

31 March 2011

Ferro opens photovoltaic research and development laboratory in Taiwan

Ferro, a supplier of technology-based performance materials, has opened a photovoltaic research and development laboratory in Taiwan to provide technical support for customers, and to deliver solutions for improving the efficiency of solar cells and lowering the cost of solar cell production.

31 March 2011

UK’s carbon emissions rise in 2010 as coal remains dominant

Levels of the six most potent greenhouse gases covered by the Kyoto Protocol rose in 2010 across the UK by 2.8 per cent as the country switched its dependence on nuclear energy, but turned to coal and gas installations.

31 March 2011

LDK Solar acquires majority stake in Solar Power

LDK Solar, a manufacturer of photovoltaic products, has finalised its acquisition of a 70 per cent interest in the photovoltaic solar developer, Solar Power, for approximately $33m.

31 March 2011

Short rotation energy crops could meet 4% of UK electricity demand

Planting short rotation coppice energy crops in unused agricultural land in the UK could meet four per cent of the country’s electricity demand without disrupting the food industry or the environment, new research shows.

31 March 2011

Magma Energy awarded two geothermal concessions in Italy

Magma Energy, a global geothermal power company, has been awarded two geothermal exploration concessions in Italy, Mensano and Roccastrada.

31 March 2011

UK clean energy investment falls behind India

While the US has slipped to third place in clean energy investment according to a recent study by The Pew Charitable Trusts, the UK has fallen from fifth place to thirteenth place, while India has jumped to tenth place.

31 March 2011

Vestas launches next-generation offshore turbine

Danish wind turbine manufacturer Vestas has launched its next-generation offshore turbine, the V164-7MW, a specially designed turbine to withstand the roughest North Sea conditions and ensure the lowest possible cost of energy.

31 March 2011

Obama pledges to green federal transport

US President Barack Obama has said that within four years, the country’s federal agencies will exclusively purchase alternative-fuel vehicles, hybrids or electric vehicles.

31 March 2011

Rothschild launches $750m cleantech-focused Chinese private equity fund

Millionaire investment banker Jacob Rothschild has launched a $750m private equity fund giving Chinese investors access to international opportunities.

30 March 2011

Shams sets precedent for Gulf renewables investment, says S&P

The financing of the Shams I solar power project in the United Arab Emirates (UAE) earlier this month signals a new era of investment in renewable energy in the Gulf states, according to rating agency Standard & Poor’s.

30 March 2011

Switzerland switches on to cleantech potential

Swiss companies are investing heavily in cleantech and energy efficiency technologies, as the country beings to realise the potential of the industry, according to a new study.

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