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Archive for February, 2012

14 February 2012

Principal Solar adds investment banker to advisory board

US company Principal Solar has appointed investment specialist Peter Lynch to its advisory board.

14 February 2012

US renewable fuels company reveals share sale intentionsp

A Nasdaq-listed producer of low-carbon renewable fuels in the Western US has filed documents with the Securities & Exchange Commission for an upcoming share sale.

14 February 2012

European development bank reveals 2012 spending strategyp

A major European development bank has revealed it will look to invest in up to eight green funds over the course of 2012.

14 February 2012

Scotland gives go-ahead to Aquamarine’s near shore wave power array

Scottish Energy Minister Fergus Ewing has approved the country’s first near shore commercial wave power array off the island of Orkney.

14 February 2012

Mercury Solar completes 3.6MW NJ PV array

US company Mercury Solar Systems has completed installation of a 3.6MW photovoltaic array in Manalapan, New Jersey.

14 February 2012

Midwest utility approves plan to sell renewables divisionp

A US utility operating in the Midwest has identified selling its renewable energy operation as a key part of its 2012 earnings guidance drivers.

14 February 2012

US start-up Nitro-Turbodyne in testing deal with Unavaco

US start-up Nitro-Turbodyne has signed an agreement to provide its generation units to Unavaco, a consortium of 150 universities, for testing.

14 February 2012

LED company Bridgelux secures $25m from Kaistar Lighting

Bridgelux_170SQ US efficient lighting specialist Bridgelux has secured investment worth $25m from Kaistar Lighting.

14 February 2012

Skystream Markets gets investment, relocates to Connecticut

US company Skystream Markets, a provider of institutional platforms for the renewable energy market, has secured investment from a group that includes Connecticut Innovations, Ironwood Capital and the Clean Energy Venture Fund.

14 February 2012

Duke to collaborate with China Huaneng on CCS

US power company Duke Energy has signed a three-year agreement with China Huaneng expanding the companies’ research cooperation in advanced coal and carbon capture sequestration.

14 February 2012

DuPont wins $100m supply deal with Yingli

DuPont_170_170 US science and engineering company DuPont has been contracted by Chinese photovoltaic manufacturer Yingli to supply components in a strategic agreement worth $100m.

14 February 2012

Obama pledges investment in alternative energy, cut to oil tax breaks

President Barack Obama has pledged to cut tax breaks for the oil and gas sector and to spend more in conservation and energy.

13 February 2012

Braemer makes strategic investment into smart grid specialist UtiliData

Smart grid component developer UtiliData has closed a funding round led by a strategic investment Braemer Energy Ventures, with the sum raised not yet been revealed.

13 February 2012

ECOtality hires chief technology officer

US electric vehicle charging specialist ECOtality has appointed Paul Gordon as chief technology officer.

13 February 2012

Alliant Energy to sell ailing renewable subsidiary RMT

US power company Alliant Energy has announced plans to sell renewable generation subsidy RMT in its financial report for 2011.

13 February 2012

Cleantech venture needs consistent returns to attract institutionals, say expertsp

Despite the cleantech industry maturing at a rapid rate, institutional investors are still calling for the venture capital sector to provide more consistent returns in order for more capital to slow into it.

13 February 2012

Solar Junction gets $19.2m, cements partnership with IQE

concentrated_solar_170_170 Solar Junction, a developer of multi-junction cells for the concentrated photovoltaic market, has closed its Series D financing round at $19.2m from current investors with an additional strategic investment and partnership from IQE.

13 February 2012

Fast pace of offshore wind construction critical to lowering costs, says Dong CEOp

Keeping the pace of offshore wind developments is vital to bringing its cost down and government support towards the sector should not be discontinued, according to an industry expert.

13 February 2012

FIT reductions show subsidy is working, say renewables investorsp

Recent reductions to various renewable energy feed-in tariffs in Europe are a demonstration of how well the support mechanism has functioned rather than an indication of their failure, according to infrastructure investors.

13 February 2012

IDB to invest portion of $1.9bn into Central American renewables

The Inter-American Development Bank is expecting to approve loans worth $1.9bn for energy, transportation and rural development projects in Central America and the Dominica Republic throughout 2012.

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