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Archive for September, 2011

30 September 2011

China completes utility-scale energy storage solution

One of the world’s largest utilities, the China South Power Grid, has completed construction on a huge iron-phosphate battery system capable of charging or discharging more than 12MW hours or 3MW continuously for four hours off or onto the electricity distribution network.

30 September 2011

Stock round up: Solar companies still suffering amid tough marketp

Chinese solar manufacturer Yingli Green Energy has followed its national rival LDK Solar in engaging in a share repurchase programme that could see the company reacquire up to $100m worth of issued and outstanding American Depository Shares over a one-year period.

30 September 2011

UK halts launch of renewable heat incentive

The UK has carried out a last minute pull-back of the launch of its renewable heat incentive scheme, reportedly following complaints by the European Commission that incentives were too high.

30 September 2011

Gamesa sells off 60MW Polish wind farm

Spanish wind turbine maker Gamesa has reached an agreement with the renewable energy arm of Polish utility Polska Grupa Energetyczna to sell off a 60MW wind farm in the country.

30 September 2011

European IT research project likely to impact future of renewables

A €3.5m research project launched by the European Commission will aim to improve the performance of modern parallel computing technology and may have substantial implications for the future of the renewable energy industry.

30 September 2011

Deal round-up: Government agencies provide capital to bioenergy innovatorsp

With capital markets still constrained, government agencies are still playing a big role in supporting developing cleantech industries. In a number of deals this week, the US bioenergy sector has been the lucky recipient of much needed funding.

30 September 2011

Challenges emerge in UK smart meter roll-outp

CircuitBoard_170SQ In March, the UK’s Department of Climate Change announced a national programme for the roll-out of smart meters to homes and businesses in the UK. Richard Sinclair, managing director of Elster’s UK division, told NewNet that there are many challenges associated with such a large scale installation and explained Elster’s approach to the emerging technology.

30 September 2011

Financiers partner to create clean energy financing opportunities in California

California, US-based resource efficiency company Octus has agreed to team with Ygrene Energy Fund to develop a financing programme for the city of Sacramento under the commercial Property Assessed Clean Energy (PACE) scheme. The companies have estimated that the PACE scheme will unlock $264m of economic output and create more than 1,500 jobs. Chris Soderquist,[...]

30 September 2011

German energy efficiency innovator plans 2012 funding round

Entelios, a Germany-based demand response provider for industrial and commercial scale energy users, will look to carry out a funding round in the second quarter of 2012. Speaking at an investor event in London today, Oliver Stahl, founder and CEO of Entelios, said the company had secured angel investment in the third quarter of 2010[...]

30 September 2011

Polish utility proposes widespread investment plans

Polish utility Polska Grupa Energetyczna (PGE) will carry out a mass investment scheme to boost the energy efficiency and effectiveness of its grid system. The move comes after Czech Republic peer CEZ experienced severe distribution issues during 2010 due to the influx of renewable energy sources coming online. The $3.1bn investment programme, as reported by[...]

30 September 2011

Yingli to buy-back $100m of ‘undervalued’ shares

Yingli_170SQ The board of directors for Chinese photovoltaic manufacturer Yingli Green Energy has authorised a share repurchase programme.

30 September 2011

New ethanol partnership likely to lead to further deal opportunities

Nasdaq-listed Codexis has formed a partnership with Shell’s $12bn bioenergy joint venture with Cosan, Raizen, to develop an improved first generation ethanol process. The partnership will begin with the construction of a pilot plant, which is likely to lead to a number of other contractors being required for the developments. Under the terms of the[...]

30 September 2011

Waste-to-energy specialist targets M&A growth strategy

Waste-to-energy company GreenWorld Development will target a number of mergers and acquisitions as it grows its business and furthers its plans to develop utility-scale facilities across the US, EU and Asia. By 2016, it has the aim of generating revenues in excess of $250m and treating 700,000 tons of waste. GreenWorld’s first UK waste-to-energy centre[...]

30 September 2011

EnOcean appoints Laurent Giai-Miniet as CEO

German sustainable building developer EnOcean has appointed Laurent Giai-Miniet as CEO replacing Markus Brehler who is leaving the company.

30 September 2011

Constellation breaks ground on 16MW solar PV plant

US power company Constellation Energy has began construction on a 16.1MW direct current photovoltaic facility in Emmitsburg, Maryland.

30 September 2011

Renewable utility Good Energy records 23% profit rise

UK renewable energy supplier Good Energy has recorded a first half revenue increase of 4.7 per cent making a pre-tax profit of £425,000, up 23.8 per cent compared to the same period in 2010.

30 September 2011

BSI revises carbon footprint testing framework

The British Standards Institute (BSI) has issued a revision to PAS 2050, the standard widely used by companies to measure the carbon footprint of their goods and services.

30 September 2011

Opcon grows stake in German cleantech company Saxlund

Swedish energy and environmental technology group Opcon has acquired the remaining 25 per cent of shares in German cleantech company Saxlund International for around €3.4m.

30 September 2011

US renewables robust in 2011 despite economic slowdownp

USAFlag_170SQ The US renewable energy sector has enjoyed ‘surprising growth’ for 2011. In the first half of the year, approximately 2,151MW of newly installed wind power and 582MW of solar power were added.

30 September 2011

FLS Energy secures $12m from New Energy Capital

US solar company FLS Energy has secured financing worth $12m from green investor the New Energy Capital's Cleantech Infrastructure Fund.

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