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Archive for May, 2011

16 May 2011

Shell’s green materials spin-out Echotect appoints John Flaye as global director

Echotect, a European company responsible for commercially developing green building materials pioneered by Shell, has appointed international commissioning director John Flaye.

16 May 2011

Power conversion companies win big

While New York-listed power conversion specialist Emerson has secured a supply deal on one of the largest solar projects in the US this week, across the Atlantic, Converteam has won a hefty contract with Chinese developer Envision Energy.

16 May 2011

Electric vehicles remain high on US agenda

More than 1,800 electric vehicle chargers have been installed in the US to date under the federal government’s Recovery Act investment strategy, Energy Secretary Steven Chu has revealed. On top of this, nearly three times as many electric vehicle charging stations are planned for the coming years as a result of government partnerships.

16 May 2011

3Power acquires renewable energy developer Seawind

Frankfurt-listed renewable energy producer 3Power Energy Group has boosted its core capabilities with the acquisition of renewable energy developer Seawind Services and affiliated consultancy Seawind Energy.

16 May 2011

Shanks awarded major waste management contract by Unilever

Shanks Group has been awarded the first major European waste management contract to be handed out by household products group Unilever.

16 May 2011

Gamesa, Caparo set to sign India wind turbine deal

The Indian units of turbine manufacturer Gamesa and wind plant operator Caparo Energy are set to embark on a joint venture, according to reports.

16 May 2011

Cost barriers still hamper the offshore wind industry: report

Cost and technological track records remain major challenges for the offshore wind industry, according to a new study by accountancy firm PricewaterhouseCoopers.

16 May 2011

Suzlon Energy orders up 60% in strong Q4, expects $5bn revenue in 2012

Suzlon Energy, the world’s fifth largest wind turbine supplier, had a record annual order intake for close to 4GW of technology in its latest financial year ending in March 2011.

16 May 2011

Aaron Gomolak rises to CFO at utility-scale renewables specialist Satcon

Satcon Technology, a provider of utility scale power conversion solutions for the renewable energy market, has appointed Aaron Gomolak as its chief financial officer and treasurer.

16 May 2011

Floating offshore developer Hexicon in line for EU funding with tri-state support

Swedish floating offshore wind platform developer Hexicon is in line to benefit from a €4.5bn fund set up to co-finance innovative renewable energy production plants in Europe.

16 May 2011

Opcon Bioenergy secures €8.8m deal to power Swedish town

Bioenergy is to be used to heat and power a town in southern Sweden, following a deal between renewable energy group Opcon and a local power company.

16 May 2011

Cape Wind won’t give up fight for DOE loan guarantee

The Cape Wind project, which is set to be the first offshore wind farm in US waters, is refusing to give up hope of securing a loan guarantee from the Department of Energy, despite it not making the final shortlist.

16 May 2011

Private equity investor Bridgepoint exits Environmental Resources

UK private equity firm Bridgepoint has sold its majority stake in Environmental Resources Management (ERM), the world’s largest environmental consultancy firm, to Charterhouse Capital Partners.

16 May 2011

New South Wales discontinues Solar Bonus Scheme

The decision by the government of New South Wales, Australia to shutdown the Solar Bonus Scheme has sent shock waves through the country’s blossoming solar industry.

16 May 2011

Poor demand temporarily shuts UK biorefinery

The world’s largest cereal grain refinery, which is located in the north-east of the UK, is to temporarily close its doors, NewNet has learnt.

16 May 2011

TXU Energy initiative brings EV charging stations to Texan city

One of the fastest growing cities in the US has become home to its first electric vehicle charging station, as the result of an initiative by local electricity retailer TXU Energy.

16 May 2011

Solar plane completes first international flight

The solar-powered Solar Impulse aircraft has completed its first manned international flight, indicating that long distance solar-powered flying is no longer a thing of the future.

16 May 2011

UK’s plan for emissions cuts, market reform under scrutiny

The UK’s reform of the energy market will fail to deliver the massive investment needed to keep the country’s lights on, a new report has found.

16 May 2011

Arclight closes in on $600m for latest fund

US energy-focused private equity firm Arclight Energy Partners has raised almost $600m towards its latest fund, and has set its sights on a $2bn final close.

13 May 2011

SMA Solar exceeds sales forecast

SMA Solar Technology followed its sales and earnings forecast for 2011 despite declining business figures in the first quarter. Sales of €256m in the first three months of 2011 exceeded the company’s forecast, but remained below the previous year's figure of €339m.

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