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16 May 2012

Bioenergy developer TMO Renewables appoints David Weaver as CEO

UK bioenergy company TMO Renewbles has appointed David Weaver as its new CEO.

16 May 2012

Wattner purchases PV plant for €8m

German clean energy investor Wattner has purchased a 3.9MW solar plant in Germany for €7.9m.

16 May 2012

Impax sees H1 loss, increases assets

Ian-Simm_Impax_170SQ UK environmental infrastructure investor Impax Asset Management has recorded a first half revenue of £9.2m, slightly down on the £9.9m achieved in the same period last year.

16 May 2012

HgCapital, RidgeWind reach financial close of 20MW wind project with £36m RBS loan

wind_turbine_170_170 European private equity firm HgCapital and its portfolio company RidgeWind have reached the financial close of its 20.5MW Wandylaw wind project in Northumberland, England with Royal Bank of Scotland providing a £36m project financing loan.

16 May 2012

UK urged to prioritise low carbon export potential

A failure of the UK government to push forward low carbon growth is undermining the potential for green exports by the country’s technology companies.

16 May 2012

Conergy records 21% profit margin in Q1

After a rocky year, Hamberg, Germany-based Conergy has reported a 21 per cent gross profit margin in the first quarter of 2012, as well seeing a positive net cash flow of €5m for the first time since its IPO in 2005.

15 May 2012

PV manufacturer Suntech wins 120MW order

Chinese photovoltaic manufacturer Suntech has been contracted to supply 120MW of panels to Krannich Solar throughout 2012.

15 May 2012

Active Energy ‘cautious but confident’ after 2011 loss leads to biomass move

UK-based Active Energy Group has reported a £2.5m net loss for the 2011 financial year after writing off goodwill of £700,000.

15 May 2012

Ener-G Romania expansion will strengthen Eastern European roots, says MDp

Ener-G managing director Derek Duffill told NewNet he will use the company’s recent expansion in Romania to further strengthen its grounding in Eastern Europe.

15 May 2012

Banks Renewables unveils £4.7m fund to support wind farm pledge

UK clean energy developer Banks Renewables has unveiled a £4.7m community package for residents in South Lanarkshire, Scotland, which would be derived from the 76MW Middle Muir wind farm.

15 May 2012

Finnish wave energy developer initiates Series B fundraisingp

penguin_170_170 A Finnish wave energy specialist has begun fundraising towards its Series B round with two prominent venture firms already committing capital.

15 May 2012

UN talks find Durban commitments insufficient to tackle climate changep

UN1_170SQ1 The latest round of United Nations climate talks in Bonn, Germany, have commenced with acknowledgement that pledges made at the 2011 event in Durban did not go far enough.

15 May 2012

UK Green Party leader Caroline Lucas will not seek re-election

UK Green Party leader Caroline Lucas has announced that she will not be seeking re-election in September, saying ‘it’s time to make space’ for other candidates.

15 May 2012

Nordex records first quarter loss, profit to lift in second half

German wind turbine manufacturer Nordex has made a €14m first quarter loss, compared to a €1.8m loss in the same period last year.

15 May 2012

Flexenclosure makes 3 new appointments

Swedish green telecoms business Flexenclosure has strengthened its management team with several new appointments.

15 May 2012

EDF partners with Idinvest for launch of cleantech VC fundp

euros170 French utility EDF joined forces with Idinvest Partners to launch Electranova Capital, an investment fund for energy start-ups specialising in environmentally-friendly technologies. It told NewNet it hopes to reach up to €90m before the end of the year.

15 May 2012

Upsolar completes Italian PV arrays for schools

Upsolar has completed installation of two photovoltaic rooftop arrays for schools in the Italian town of Sestri Levante, around 20 miles south-east of Genoa.

15 May 2012

Tumbling prices impact Phoenix Solar results

german_flag_170SQ Tumbling prices and write-downs have impacted revenue at Germany-based Phoenix Solar.

15 May 2012

Germany’s Sovello files for insolvency

German solar company Sovello has filed for insolvency and is now looking to restructure in order to survive.

14 May 2012

UK to give £1m operations boost to Green Construction Board

UK Business Minister Mark Prisk is expected to announce that the Green Construction Board has secured £1m to boost its operations.

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