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Archive for July, 2011

5 July 2011

Spain’s Ence seeks €80m financing for biomass projects

Spanish pulp and biomass group Grupo Empresarial Ence will look to close a further €80m in financing by the end of the year to progress the build of a renewable energy project in Spain.

5 July 2011

Vestas secures 180MW turbine order from Swedish company Eolus Vind

Danish wind turbine manufacturer Vestas has signed a framework agreement with Swedish wind project developer Eolus Vind for turbines with a capacity of 180MW.

5 July 2011

Spanish solar plant Gemasolar provides 24-hour electricity

The concentrated solar power plant Gemasolar in Seville, Spain, has delivered its first day of interrupted electricity.

5 July 2011

Swedish fuel cell experts myFC raises $6.7m in expansion funds

Swedish fuel cell company myFC has raised $6.7m of expansion funding. The investment was divided into two tranches with the second completed today.

5 July 2011

Brazilian biofuels company Ecodiesel pursues $1.39bn merger

One of Brazil’s largest biofuel producers, Brasil Ecodiesel Industria & Comercio de Biocombustiveis & Oleos Vegetais, has resumed measures to execute a $1.39bn merger following the announcement of its new board.

5 July 2011

European utilities creditworthiness may be affected by emissions targets

European utilities could see their creditworthiness suffer with the introduction of the third phase of Europe’s cap and trade scheme, according to a Standard and Poor’s report.

5 July 2011

Viridor to invest £45m in UK waste-to-energy plant

Devon County Council has signed an agreement with French-company Viridor Waste Management to deliver a £45m energy from waste facility.

5 July 2011

Chinese solar company Daqo reduces Q2 revenue guidance

Chinese polysilicon manufacturer Daqo New Energy has revised its second quarter 2011 revenue guidance because of the negative impact of price decline throughout the photovoltaic supply chains in the quarter.

5 July 2011

Georgia Power seeks solar energy provider for ten-year contract

US-based energy utility Georgia Power Company is looking for a solar photovoltaic generation source to provide up to 1,325MW hours of electricity annually. It is seeking supply from systems of greater than 100kW, under a contract term of ten years, to supply its voluntary Green Energy Programme which will start before or on 1 June[...]

5 July 2011

French energy company Schneider issues €750m bond offering

French smart grid and energy solutions developer Schneider Electric has launched a €750m Euro Medium Term Note bond set to mature in July 2010. The coupon rate for this bond is 3.75 per cent. The company recently invested $650m in the purchase of China’s Leader Harvest Power Technologies and announced the creation of a solar[...]

5 July 2011

Where should we start when developing a smart grid?

With global electricity networks at varying stages of development, author of smart grid blog Memoori Allan McHale asks from what point are smart meters and grids best developed.

5 July 2011

Georgia Power seeks solar energy provider for ten-year contract

US-based energy utility Georgia Power Company is looking for a solar photovoltaic generation source to provide up to 1,325MW hours of electricity annually.

5 July 2011

Marsh and Munich Re team with Exorka to create geothermal insurance

Geothermal energy specialists Exorka, insurance broker Marsh and insurance and reinsurance company Munich Re have partnered to create a new insurance concept to cover the exploration risk of a geothermal energy project in Taufkirchen, near Munich in Germany.

5 July 2011

Australian wave energy tech firm Carnegie hits performance targets

Australian wave energy technology supplier Carnegie said it has met the projected performance for its CETO 3 energy device during the in-sea test period.

5 July 2011

OEMs show growing interest in advancing fuel cell take-up

Having seen an increased turnover in 2010, fuel cell producer Proton Power Systems is eager to address the problems surrounding driving range in electric and hybrid vehicles as well as building a greater engagement with corporate partners, according to company CEO Thomas Melczer.

5 July 2011

US politicians negotiate car emissions standards

US politicians have begun discussions on how to reduce pollutants from cars, in the hopes of renegotiating emissions standards.

4 July 2011

French energy company Schneider issues €750m bond offering

French smart grid and energy solutions developer Schneider Electric has launched a €750m Euro Medium Term Note bond set to mature in July 2010. The coupon rate for this bond is 3.75 per cent.

4 July 2011

Winch Energy Group seeks additional private funding to bring solar energy to schools

Project developer Winch Energy Group has secured £100,000 of private sector investment, and told NewNet it will look to secure more, as it brings solar energy to UK schools. Together, with the Keep Britain Tidy Eco-Schools programme, Winch Energy has signed up 1,200 schools, representing 40MWp of solar power and £100m of capital cost that[...]

4 July 2011

German utility Stadwerke Muchen takes one third stake in Wpd’s European onshore wind business

Munich’s municipal utility Stadwerke Munchen is taking a 33 per cent stake in the onshore wind operations of Wpd in Europe, excluding Germany. The deal is currently awaiting approval from the competition authorities.

4 July 2011

Winch attracts investors to UK solar scheme

Project developer Winch Energy Group has secured £100m of private sector investment, and told NewNet it will look to secure more, as it brings solar energy to UK schools.

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