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Archive for September, 2011

19 September 2011

TomTom, Renault release sat-nav system for EV market

Dutch satellite navigation company TomTom has partnered with French vehicle manufacturer Renault to produce an in-dash navigation system specifically designed for the electric vehicle market.

19 September 2011

Chinese EV producer Jonway secures $16m credit line

Chinese electric vehicle manufacturer the Zhejiang Jonway Automobile Company has been approved for two credit facilities worth a total of $16.33m.

19 September 2011

Freetricity, Anesco to install 4MW of solar microgeneration projects

A partnership between UK solar installer Freetricity and energy efficiency specialist Anesco is set to embark upon one of the largest micro-generation schemes in the UK.

19 September 2011

Sinovel denies AMSC’s IP infringement claims

Chinese wind turbine company Sinovel has denied claims made by global power infrastructure company the American Superconductor Corporation that it has conducted intellectual property theft, as the ongoing battle between the two companies continues.

19 September 2011

Solar investment opportunity buoyed by UK low carbon building sectorp

Expansion phase investor Bridges Ventures told NewNet it sees the decarbonisation of the UK building stock as an area ripe with opportunities.

19 September 2011

ABB receives EU approval for EV charging station

Swiss power company ABB has received CE marking approval for its direct current charging stations for electric vehicles.

19 September 2011

DOE awards $43m to lower offshore wind market costs

The US Department of Energy is set to invest $43m over the next five years to investigate ways to reduce the cost and installation time for offshore wind farms.

19 September 2011

Israel’s SolarEdge enters distribution partnership with Tecno Spot

Israel-based company SolarEdge has entered into a partnership with Italian photovoltaic supply business Tecno Spot for the distribution of its products to the market in Italy.

19 September 2011

Indian power group Ushdev International looks to raise $40m in private equity

Indian diversified power and resource group Ushdev International is reportedly looking to raise up to $40m from the private equity sector as it looks to further its wind business sector. In an interview with Reuters, managing director Prateek Gupta said, it was considering how to take its wind business forward and in addition to raising[...]

19 September 2011

Missouri housing stock gets solar uplift

The city of St. Louis, Missouri’s Housing Authority has completed a solar power project that provides energy for its administrative building and four housing complexes.

19 September 2011

AlsoEnergy contracted for 3MW California solar project

US monitoring company AlsoEnergy has been contracted to supply software support for a 3MW solar project being developed in California by green energy financier Main Street Power.

19 September 2011

REC receives $40m to end wafer supply contract

Norway-based solar developer the Renewable Energy Corporation has received $40m to end a long-term photovoltaic wafer sales contract with an unnamed partner.

19 September 2011

Austin Energy wins Texas wind PPAs

The city of Austin, Texas, has approved two new wind contracts totalling 291MW and authorised utility Austin Energy to negotiate a third wind contract of an additional 200MW.

19 September 2011

Samsung-led consortium secures $280m for Bahrain wastewater plant

Water1_170_170 A consortium consisting of Samsung Engineering, Invest AD and United Utilities has completed project financing for the Muharraq Wastewater Treatment Plant public-private partnership in the Kingdom of Bahrain.

19 September 2011

US wind equipment supplier offers shares as it looks to raise $13m

Nasdaq-listed Broadwind Energy said it will look to raise $13m through a public offering of 32.5 million shares. Each share will be offered for $0.40 and after fees the company is looking to reap $11.7m. It said it will use the funds for general corporate purposes. The offering will five investors access to a company[...]

19 September 2011

Carbon Trust shortlists designs for offshore wind competition

The UK’s Carbon Trust has shortlisted 13 designs for the Offshore Wind Accelerator programme aimed at improving the economics of offshore wind by keeping turbines generating power in the harshest sea conditions and increasing revenues by as much as £3bn.

19 September 2011

Canada to launch energy efficiency campaigns

The government of Canada is set to invest C$78m ($79m) over the next two years to increase the energy efficiency of homes throughout the nation.

19 September 2011

EOS secures £20m for PV scheme

UK solar installer EOS Energy has secured £20m of funding that will enable the company to provide domestic photovoltaic systems free of charge.

19 September 2011

Origo, Ecofin launch $200m China cleantech fundp

AIM-listed private equity investor Origo Partners and investment management firm Ecofin have launched a $200m investment firm to target China's cleantech sector.

19 September 2011

Buyers sought for bankrupt small wind developer

Proven Energy, a UK-based small wind specialist, is now officially in receivership and looking for potential buyers. NewNet reported last week that its main investor Low Carbon Accelerator will not survive unless it received a cash injection. KPMG has been appointed receivers of the company and attributed its losses in part to its focus on[...]

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