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Archive for August, 2011

5 August 2011

Platina invests in Italian solar plants

Platina Partners, a private equity firm specialising in renewable energy buy-outs, has confirmed that it has acquired three solar plants in Italy with plans to buy more.

5 August 2011

PV wafer manufacturer Nexolon seeks to raise $191m through IPO

South Korean photovoltaic (PV) component manufacturer Nexolon is aiming to raise KRW203.6bn ($191m) through an initial public offering. The company applied to the Korea Exchange to sell 22.6 million new shares for a price of between KRW7,600 ($7.4) and KRW9,000 ($8.4), it was reported in Bloomberg. Woori Investment & Securities is arranging the share sale[...]

5 August 2011

Suzlon fined $490,000 for pollution violations in US

India-based wind turbine manufacturer Suzlon has been fined $490,000 by the Minnesota Pollution Control Agency for committing air quality, hazardous waste, solid waste and storm water violations at its manufacturing plant in Pipestone, Minnesota in the US.

5 August 2011

Deal round-up: Blackstone bolsters investor confidence in European windp

A number of billion dollar deals in the wind sector this week has gone some way to strengthening investor confidence at a time when macro concerns dominate European economics.

5 August 2011

Stock round-up: ASX-listed renewables companies see mixed fortunes post carbon taxp

The gains witnessed by Australian Securities Exchange-listed companies on the back of the carbon tax announcements have not been held across the board nearly a month after the news.

5 August 2011

Octopus Investments sets target of £120m for solar VCTp

octopus_170_170 UK-based Octopus Investments told NewNet it has set a target of raising £120m for a new Venture Capital Trust and Enterprise Investment Scheme by year-end as it looks to capitalise on the country’s small-scale solar market.

5 August 2011

Avantium appoints Jeffrey Kolstad as chief scientist

Dutch bioplastic developer Avantium has appointed Jeffrey Kolstad as chief scientist.

5 August 2011

New York-based Barron Partners launches solar energy vehicle Soltas Energy

New York-based private equity firm Barron Partners has launched Soltas Energy, to consolidate the firm’s existing regional solar project development efforts and create a national vehicle for financing solar projects.

5 August 2011

Siemens chosen for Blackstone’s 288MW German offshore project

Siemens Energy has been contracted to supply wind turbines for the 288MW German offshore wind development Meerwind.

5 August 2011

UK Green Building Council applauds government’s low carbon outline

The UK Green Building Council has announced support for the UK government’s new report outlining what the transition to a green economy means for business.

5 August 2011

India’s IDFC injects $17.9m into Green Infra

The private equity arm of Indian infrastructure giant IDFC has announced a further INR800m ($17.9m) investment in renewable energy company Green Infra, according to news reports.

5 August 2011

Electric supercar manufacturer Tesla sees revenue rise but still records a loss

US-based electric vehicle manufacturer Tesla has recorded revenues of £39m for the second quarter of 2011, up from $33m in the first quarter but this was not enough to prevent a net loss of $59m.

5 August 2011

EcoEnergy completes 1.6MW rooftop solar development

US renewable company EcoEnergy has completed a 1.6MW rooftop solar installation on a warehouse used by catering supply-chain business WEBstaurant Restaurant Supply.

5 August 2011

Vestas to supply Powerica’s India wind farm

Danish wind turbine manufacturer Vestas has been contracted to supply wind turbines for a 46.8MW facility in Gujarat, in the west of India.

5 August 2011

Brazil developer Bioenergy on financing hunt to fund $3.8bn renewable investment plan

Brazil-based wind and solar developer Bioenergy will invest in the order of $3.8bn in the country’s renewable energy sector, if it can secure financing.

5 August 2011

Sempra Generation enters PPA with PG&E for Nevada PV expansion

US energy company Sempra Generation has entered into a 25-year purchase power agreement with utility the Pacific Gas and Electric Company for the sale of electricity from the 150MW expansion of Sempra’s Copper Mountain Solar facility in Nevada.

5 August 2011

India’s Moser Baer Projects considers 2012 listing for clean energy division

India-based Moser Baer Projects confirmed to NewNet that it may look to list its clean energy division next year. Moser Baer Projects its one of the fastest growing integrated power companies in India and its subsidiary Moser Baer Clean Energy has both hydro and solar assets. Abhinav Kanchan, spokesperson for Moser Baer Projects, told NewNet,[...]

5 August 2011

FirstEnergy on shopping spree for solar credits

NYSE-listed FirstEnergy has launched a request for proposals to secure solar power credits for its utility customers in Ohio.

5 August 2011

Biofuels company Solazyme sees rise in post-IPO losses

US biofuel company Solazyme has recorded second quarter revenues of £7.4m, up from $4.4m in the second quarter of 2010, but this failed to stem the company’s losses.

5 August 2011

First Solar becomes latest PV company to see sharp drop in sales

FirstSolar_170SQ US photovoltaic company First Solar announced net sales of $533m in the second quarter of 2011, a decrease of $34.5m from the first quarter and $55m compared with the same period in 2010.

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