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17 June 2011

Deal round-up: Corporate investors home into solar, public markets bubble

Siemens mirrored the US Department of Energy’s strong show of support for the solar sector this week by acquiring a minority stake in solar module developer Semprius.

17 June 2011

IPCC urged to invest in artificial trees to combat emissions

Ahead of next week’s Intergovernmental Panel on Climate Change (IPCC) expert meeting, the Institution of Mechanical Engineers is calling for global funding to prioritise geo-engineering technologies.

17 June 2011

Dutch university aims to bring down algae fuel development timeline

A stark warning has come from a leading research university that commercial development of algae-derived bioenergy may still be 15 years away. To combat this lengthy development chain, researchers at Dutch university Wageningen have opened a new centre dedicated to the advancement of algae fuels. The Algae PARC has been established to create a link between taking the production technology from the lab to a more industrial setting.

17 June 2011

Aureos Capital invests $5.35m in Bio-Plastics, turns it green

London private equity firm Aureos Capital has invested $5.35m in Ghanaian plastics manufacturer Bio-Plastics, to expand the company’s capacity and manufacture of biodegradable plastics.

17 June 2011

Switch to solar may save 50% on energy bills

Solar power has been posited as a viable and cheaper alternative to fossil fuels as electricity and gas prices reach an all time high.

17 June 2011

Scotland implements wind industry carbon savings measures

Allaying fears that the carbon costs of renewable energy projects could outweigh the benefits, the Scottish government will now insist that all wind developers use its carbon calculator to assess the emissions savings of their projects when applying for permitting.

17 June 2011

Etrion signs 10MW supply agreement with Yingli

Solar power producer Etrion has signed a 10MW agreement with Yingli Green Energy for the supply of photovoltaic modules.

16 June 2011

Statkraft spends £60m on Scottish onshore wind project

Project developer Stratkraft is to invest £60m in a 52.5MW onshore wind farm in Scotland.

16 June 2011

Krannich Solar partners with REC to strengthen European presence

Krannich Solar has formed a new partnership with global solar technology manufacturer Renewable Energy Corporation.

16 June 2011

RusHydro, Reykjavik Geothermal to target Russia in JV

JSC RusHydro and Reykjavik Georthermal set up a joint venture for the construction of geothermal power plants, with a particular focus on Russian opportunities.

16 June 2011

Germany’s solar trade association warns against FIT cuts

Germany’s federal solar industry association BSW-Solar has warned against further cuts to the country’s solar funding, which is currently under negotiation in parliament.

16 June 2011

Wheb Partners invests in sustainable material developer Resysta

Venture capital firm Wheb Partners has invested in German environmentally-friendly material developer Resysta International. Financial details of the deal were not disclosed.

16 June 2011

Gevco’s extended-range i-Mav enters demonstration stage

UK-based electric vehicle developer Gevco is to develop two demonstration versions of its new extended-range ‘white label’ i-Mav electric vehicle after completing the design phase.

16 June 2011

Dong teams with ScottishPower for Duddon Sands offshore wind project

Danish utility Dong has teamed up with Iberdrola subsidiary ScottishPower Renewables to deliver the West of Duddon Sands offshore wind farm in the Irish Sea.

16 June 2011

Wasabi Energy to invest in German Kalina Cycle geothermal project

Clean energy investor Wasabi Energy has signed a term sheet to jointly develop, own and operate the Taufkirchen geothermal power plant in Southern Germany.

16 June 2011

Total executes $1.3bn cash investment in SunPower

Major oil and gas company Total has successfully executed an all-cash tender on California-based SunPower for $1.3bn.

16 June 2011

Schnell Motoren secures €10m for international expansion

CHP plant developer Schnell Motoren will be able to carry out its international expansion through a €10m joint investment from venture capital fund Demeter 2 and Eco Investors.

16 June 2011

New York-listed Sensata acquires Sensor-NITE for $325m

New York-listed Sensata Technologies has agreed to acquire Sensor-NITE from Elex Group for €225m ($325m).

16 June 2011

SMA Solar targets vertical integration with dtw acquisition

SMA Solar Technology is to acquire dtw, one of Poland's largest manufacturers of electromagnetic components.

15 June 2011

Scotland adopts Renewable Heat Incentive

Scotland has adopted the UK Renewable Heat Incentive, under which producers will be paid for the renewable heating they produce.

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