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Archive for April, 2011

5 April 2011

NewNet Investor Profile: Thierry Baudon, Mid Europa Partnersp

While Central & Eastern Europe is viewed with caution by some investors, its growing energy consumption makes it an ideal market for new project developments, according to Thierry Baudon, managing partner of private equity firm Mid Europa Partners.

5 April 2011

John Lewis powers stores with fuel cells

UK retailer the John Lewis Partnership has clinched an agreement with low-cost alkaline fuel cell developer AFC Energy that will see them evaluate the economic potential of using fuel cells to generate low carbon electricity for the group’s stores and its affiliated Waitrose supermarket chain.

5 April 2011

JA Solar, Jabil Circuit begin solar manufacturing partnership

JA Solar, a Chinese manufacturer of solar cells, has entered into a two-year strategic partnership with the Florida-based electronic product solutions company, Jabil Circuit.

5 April 2011

San Diego buildings win gold LEED stamp

Two 150,000 square foot office buildings completed as part of San Diego County Operations Center and Annex redevelopment in Kearny Mesa have earned LEED Gold Certification by the US Green Building Council.

5 April 2011

Austrian solar backsheet manufacturer Isovoltaic to IPO in April

Austria-headquartered solar backsheet manufacturer Isovoltaic has moved forward with listing nearly 18 million shares in an initial public offering on the Vienna Stock Exchange, in a transaction it has been preparing since March. A spokesperson for the company confirmed to NewNet that the listing had gained regulatory approval, but could not divulge further details.

5 April 2011

Suzlon raises $150m as buyout efforts of REpower continue

Wind turbine manufacturer Suzlon has raised $150m through foreign currency convertible bonds as it continues a fundraising programme in a bid to secure complete control of Germany’s REpower Systems.

5 April 2011

First wind turbine put in place at Puget Sound’s Washington project

Puget Sound Energy (PSE) has constructed its first wind power turbine in south-east Washington’s Garfield County, in the first phase of its 343MW Lower Snake River Wind Project.

5 April 2011

IRENA appoints Adnan Amin as director general

The Preparatory Commission for the International Renewable Energy Agency (IRENA) has appointed Adnan Amin as director general.

4 April 2011

UK FIT cuts slated by renewable energy industry

The UK government’s cuts to feed-in tariffs (FITs), announced in March, have been condemned by industry groups.

4 April 2011

Tidal Energy to develop tidal stream project in Wales

Wales-based tidal stream power technology developer Tidal Energy has been given the go-ahead by the UK government to develop a tidal energy project in Ramsey Sound off the coast of Pembrokeshire.

4 April 2011

Ampair launches transportable renewable energy pods

UK-based wind and water turbine manufacturer Ampair has released a range of packaged power solutions in the form of ‘eco pods’.

4 April 2011

Duke Energy launches innovative notes investment programme

US electric power holding company Duke Energy has launched a new investment opportunity that allows investors to invest directly into the company’s debt.

4 April 2011

US vows to invest in electric vehicles to reduce oil dependency

The US President Barack Obama has reinforced the country’s strategy to reduce foreign oil dependence by vowing to reduce imports by one third by 2025.

4 April 2011

UK ‘will not see benefits of smart meters without grid mandate’

The UK must take a broader approach to the roll-out of smart meters, learning from countries like Portugal that have a dual mandate for smart meter and grid requirements, according to infrastructure technology developer Sensus.

4 April 2011

Solar car park array becomes Saudi’s largest solar venture

A car parking array has become the largest solar project ever installed in oil rich nation Saudi Arabia according to its developers, photovoltaic integrator Belectric and technology developer Sun & Life.

4 April 2011

China pens cap-and-trade agreement with Australia

High emitting nations China and Australia have agreed to step-up collaboration on de-carbonising cities in a move that could see carbon cap-and-trade schemes introduced in at least five Chinese provinces.

4 April 2011

Northern Ireland assesses offshore renewable energy potential

An investigation is now underway into how offshore wind and tidal energy projects can be developed off Northern Ireland’s coast, signalling a step-change in the level of renewable power to be developed by the region.

4 April 2011

Pentair acquires Norit cleantech spin-off for €503m

Industrial company Pentair has entered into an agreement to acquire the spun-off Clean Process Technologies division of privately-held Norit Holding for €503m plus net debt.

4 April 2011

Jatropha biofuel powers Mexico flight

Jatropha biofuel has been used to power a demonstration flight across Mexico, one week after a biofuel-powered US Air Force flight broke the sound barrier.

4 April 2011

Carbon Trust awards funds to ITM Power’s fuel cell development

Energy storage and clean fuel company ITM Power has received funding from the Carbon Trust for the continued development of materials to be used in automotive fuel cells.

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