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9 June 2009

Despite the economic downturn, the market for green building materials will grow to $571bn by 2013, according to report

The global green building materials market continues to grow, despite the global economic downturn. The worldwide green building materials market was valued at $455.3bn in 2008, and NextGen Research, in its new report forecasts the market will grow at a CAGR of nearly five per cent to reach $571bn by 2013.

4 June 2009

Investment in renewables overtakes fossil fuels as $155bn put into clean energy in 2008, according to UN reportp

In 2008, $155bn was invested in clean energy companies and projects worldwide, not including large hydro, according to a new report from the UN.

4 June 2009

IFC investment to help increase power supply in the Middle East and North Africa

IFC, a member of the World Bank Group, is investing up to $50m in Creative Energy Resources, which will make investments in the Middle East, North Africa, and South Asia to address the growing demand for electricity and improve energy reliability.

2 June 2009

African Development Bank Group makes $12.4m investment in South African cleantech fund

The African Development Bank Group has made a ZAR100m ($12.4m) equity investment in Evolution One Fund, a private equity fund focused on the deployment of clean energy across southern Africa as a means to tackle climate change.

1 June 2009

Kofi Annan introduces new report addressing human impact of climate change

Kofi Annan, president of the Global Humanitarian Forum, has unveiled a new report looking at the human impact of climate change.

28 May 2009

Jatropha-based biofuels may be hindering food growth in Africa according to Friends of the Earth

Jatropha-derived biofuels may be competing with food production for land and water, according to a new report by Friends of the Earth.

27 May 2009

Investment in Concentrated Solar Power to exceed €2bn this year, according to reportp

Investment in Concentrated Solar Power (CSP) this year will exceed €2bn ($2.58bn) and could be worth €20.8bn ($26.8bn). according to the latest report from Greenpeace, Global Concentrating Solar Power Outlook 2009, published jointly with the European Solar Thermal Electricity Association and the International Energy Agency's SolarPACES. The report outlines how CSP can meet up to seven per cent of the world's projected power needs in 2030 and a full quarter by 2050.

12 May 2009

Global wind power installations up 29 per cent in 2008

Global wind capacity increased an estimated 27,051MW in 2008, with cumulative installations up almost 29 per cent, according to the Worldwatch Institute. The US led in new installations, surpassing Germany to rank first in wind energy cumulative capacity and electricity generation.

29 April 2009

UK Secretary for Energy and Climate Change Ed Miliband supports Major Economies Forum to tackle climate change

UK Secretary for Energy and Climate Change Ed Miliband has expressed support for the Major Economies Forum set to take place in July 2009.

1 April 2009

Mikhail Gorbachev urges world leaders to invest in solar energy

The founder of environmental organisation Green Cross International, Mikhail Gorbachev, has urged world leaders and the private sector to make significant investments in solar energy as a means to tackle climate change.

26 March 2009

South African private equity firm Marlow Capital leads acquisition of waste management company Wasteman Group

Marlow Capital, a South Africa-based private equity firm, has led a consortium to acquire waste management group Wasteman Group from a group of shareholders including Suez Environnement for an undisclosed sum.

17 March 2009

Energy efficient data centre company Teraco Data Environmental raises $4.8m in Series A funding round

Teraco Data Environmental, a South African vendor co-location facility provider, has closed a Series A financing round on ZAR47.5m ($4.8M). Both new and existing investors participated.

16 March 2009

Global solar photovoltaic market installations soar by 110 per cent in 2008

The global solar photovoltaic market installations hit unprecedented highs of 5.95GW in 2008, marking an increase of 110 per cent over the previous year, according to a report by Solarbuzz.

9 March 2009

Ormat Technologies closes $105m financing for the Olkaria III geothermal power project in Kenya

Geothermal and renewable energy business Ormat Technologies, Inc., through its wholly-owned subsidiary, Orpower 4, Inc., has closed its previously announced loan documents for up to $105m project financing to refinance the company's investment in the Olkaria III geothermal project. The 48MW power plant is located in Naivasha, Kenya.

9 March 2009

Israeli biodiesel company Galten eyeing up $10m IPO

Israeli biodiesel company Galten is eyeing up a potential $10m IPO on the Tel Aviv Stock Exchange, according to reports.

2 March 2009

Solar energy companies cutting costs to make solar power competitive with grid, according to a new report

Solar energy companies are cutting costs at a pace that will soon make solar power competitive with grid electricity in several major global markets, according to a new report from PHOTON Consulting, entitled The True Cost of Solar Power: Race to $1/W.

19 February 2009

Ericsson, Orange Guinea Conakry deploy 100 solar power stations in Africa

Telecom operator Ericsson and Orange Guinea Conakry are establishing over 100 solar-powered base stations across remote parts of rural Africa.

4 February 2009

Biofuels can anticipate a promising future in Sub-Saharan Africa, reportp

There is huge potential for biofuel production in sub-Saharan African countries such as Nigeria, Uganda and Angola, provided there is a concerted effort from key stakeholders, according to analysis from Frost & Sullivan. The production of feedstock and the fuel itself would ultimately lead to socio-economic improvement and, with the correct implementation and management, the controversy about feedstock used for fuel vs food can be resolved.

2 February 2009

Climate Investment Fund lines up countries for $500m funding

The Wold Bank's $6bn Climate Investment Fund has selected which countries will be offered funding under a pilot programme.

27 January 2009

Institutional investors plan to increase allocations to clean energy funds in 2009, according to Almeida Capital report

Despite the severe downturn in the private equity markets and the corresponding reduction in liquidity, institutional investors - including pension funds, insurance companies and endowments - remain positive about cleantech and sustainable energy funds. The latest research by Almeida Capital, a specialist fundraising and placement firm, surveyed 150 of the most active and influential institutional investors worldwide in Q4 2008 about their investment plans for 2009.

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