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Archive for April, 2011

4 April 2011

LDK Solar launches solar cell factory in China

Solar manufacturer LDK Solar has launched a new solar cell manufacturing base in China’s Anhui Province that looks set to boost its production after it achieved record revenues in the fourth quarter of 2010.

4 April 2011

Hyundai to launch hybrid sedan in 2013

Korean automaker Hyundai Motors, the world’s fifth largest car maker, looks set to launch a mass produced hybrid electric version of its Sonata sedan in 2013, according to reports.

4 April 2011

Dominion Virginia Power to convert three coal plants to biomass

Dominion Virginia Power, a US-based producer and transporter of energy, said it will convert three Virginia power stations from using coal to biomass, generating up to $350m for the local economy over the next 30 years.

4 April 2011

Opcon secures $39.48m credit to expand renewables business

Europe-based energy and environmental technology group Opcon has secured a SEK250m ($39.48m) equity line of credit with GEM Investment Advisors and GEM Global Yield Fund to accelerate the international expansion of its renewable energy business.

4 April 2011

Endurance Wind Power secures $5m of turbine orders

Small-scale wind turbine manufacturer Endurance Wind Power won sales orders totaling $5m last week, the highest yet record by the company, with 50 units ordered in the first quarter.

4 April 2011

Carnegie Wave Energy’s onshore CETO tests successful

Carnegie Wave Energy, an Australian wave energy developer, has completed successful onshore testing of its CETO pump and hydraulic module for the Garden Island commercial scale demonstration.

4 April 2011

Stock round-up: Cleantech stocks chase Tesla success

Electric vehicle maker Tesla Motors received a fillip on Thursday after pugnacious Morgan Stanley analyst Adam Jonas issued a fifty page document saying Tesla had the potential to become America’s ‘fourth automaker’, challenging GM, Chrysler and Ford.

1 April 2011

China Recycling Energy tops revenue guidance

Industrial waste-to-energy solution provider China Recycling Energy had a fruitful year in 2010, clearing its guidance range and increasing its revenues 70 per cent year-on-year to a record $75.61m.

1 April 2011

Dong Energy to review 7MW Vestas turbine

Danish utility Dong Energy is to carry out a design review of Vestas’ 7MW next generation offshore wind turbine.

1 April 2011

Biofuel flight breaks the sound barrier

A US Air Force flight powered by camelina-based biofuel produced by Sustainable Oils has broken the sound barrier.

1 April 2011

Deal round-up: Power efficiency, storage make the grade

Energy efficiency and energy storage were high on the investment agenda this week, with Siemens equipping its green and energy efficiency lighting subsidiary Osram with new leadership to guide it through its imminent public listing.

1 April 2011

Sweden’s Arise Windpower increases share numbers

Swedish renewable energy company Arise Windpower has increased its share capital through exercising 45,500 warrants.

1 April 2011

Global cleantech investing up 30% in 2010

The clean energy industry has remained resilient during the economic crisis, with $243bn in new capital invested in the sector in 2010, a 30 per cent increase on 2009, according to the World Economic Forum (WEF).

1 April 2011

UK solar FITs one year on: Successful stimulus?

One year on from the introduction of the UK feed-in tariffs aimed at stimulating small-scale renewable energy technologies, there is still heavy demand being witnessed in the solar industry, despite the scale-back of the incentive scheme.

1 April 2011

Tesla can be ‘America’s fourth automaker’, says Morgan Stanley

Electric vehicle start-up Tesla Motors saw its share price jump by 17 per cent yesterday after investment bank Morgan Stanley released an analyst note making bold predictions that the company could become a major player in the auto market.

1 April 2011

Bessemer closes 8th global fund at $1.6bn

Global venture capital firm Bessemer Venture Partners has closed its eighth global fund at $1.6bn, which will invest in high growth companies in multiple industries including cleantech.

1 April 2011

Energy Technologies Institute launches tidal energy converter proposal

The search for organisations and consortia capable of designing and demonstrating low-cost commercial scale tidal stream energy converter arrays by the Energy Technologies Institute has begun.

1 April 2011

Tata, Sunengy partner on floating liquid solar pilot

Australian solar company Sunengy’s new tie-up with India’s integrated private power utility Tata Power will enable it to build a pilot plant for its floating liquid solar technology in India by the end of the year.

1 April 2011

UK wind power increases 24% in Q4 2010

Wind power accounted for 24 per cent more of the UK’s energy supply in the fourth quarter of 2010 than the equivalent period of 2009, according to the latest statistics from RenewableUK.

1 April 2011

Ascent Solar drops CEO, shifts strategy

US-based solar manufacturer Ascent Solar CEO Farhad Moghadam has stepped down, with the company saying it will switch its strategy to focus on emerging markets.

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