Middle East and Israel
12 May 2009
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.
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5 May 2009
The wind energy industry is feeling the effects of the global economic crisis, with industry players being dealt a severe blow, according to a new report by Pike Research.
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28 April 2009
ETV Motors, an Israeli start-up developing electric vehicle propulsion technology, has closed its Series A investment round. The round was led by The Quercus Trust of Newport Beach, California, with New York-based cleantech investor 21Ventures co-investing.
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6 April 2009
US power company GE Energy has signed a multi-year $200m contractual service agreement with Emirates Aluminium.
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6 April 2009
Independent specialty wafer foundry Tower Semiconductor and nanomanufacturing technology supplier Applied Materials have joined forces in a five-year contract to support all Applied Materials' wafer processing systems in Israel to make them more efficient.
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6 April 2009
The technology transfer arm of the Hebrew University of Jerusalem, Yissum Research Development Company, has appointed Yaacov Michlin as CEO.
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1 April 2009
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.
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26 March 2009
The European Bank for Reconstruction and Development (EBRD) is investing up to KZT9.2bn (€46m) to acquire a stake in the private power company Central-Asian Electric Power Corporation.
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16 March 2009
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.
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9 March 2009
Israeli biodiesel company Galten is eyeing up a potential $10m IPO on the Tel Aviv Stock Exchange, according to reports.
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4 March 2009
Venture-backed green mobility operator Better Place has named industry veteran Charles Stonehill as CFO, reporting directly to Shai Agassi, founder and CEO.
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2 March 2009
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.
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19 February 2009
Viper Networks has signed an agreement to merge with its subsidiary Green Key Environmental Solutions.
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17 February 2009
Integrated energy company Chevron Corporation is to commit $20m over five years to form a partnership with the Qatar Science & Technology Park (QSTP) in Doha to establish a centre for renewable power and energy efficiency.
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16 February 2009
Cleantech-focused venture capital firm AquAgro made seven investments in 2008, making it the third most active Israeli venture capital fund, according to the IVC Research Center's league of most active venture capital funds in Israel. The survey ranked funds on the number of first investments made in 2008.
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5 February 2009
Israeli solar power developer Aora has closed a $5m Series A funding round, led by venture capital firm EZKlein Partners.
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2 February 2009
The Wold Bank's $6bn Climate Investment Fund has selected which countries will be offered funding under a pilot programme.
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27 January 2009
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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27 January 2009
Israeli solar cell company BrightView has completed a $6m Series A round of financing and appointed Eyal Harel as chairman on the company's board. Israel Cleantech Ventures invested in BrightView in 2008 and was joined by Hasso Plattner Ventures, to co-lead the round.
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20 January 2009
Torresol Energy, the strategic alliance between Spanish engineering group SENER and Masdar, Abu Dhabi's renewable energy initiative, has achieved a €171m financing deal which will allow construction on the Gemasolar power plant to go ahead.
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