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Middle East and Israel

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.

5 May 2009

Economic slump hits wind market but future is bright

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.

28 April 2009

Cleantech investors Quercus Trust and 21 Ventures invest in Israeli electric car company ETV Motors

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.

6 April 2009

GE Energy signs $200m contractual service agreement with Emirates Aliminium

US power company GE Energy has signed a multi-year $200m contractual service agreement with Emirates Aluminium.

6 April 2009

Tower Semiconductor and Applied Materials sign service contract

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.

6 April 2009

University of Jerusalem’s technology transfer arm Yissum appoints Yaacov Michlin as CEO

The technology transfer arm of the Hebrew University of Jerusalem, Yissum Research Development Company, has appointed Yaacov Michlin as CEO.

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

EBRD invests €46m to acquire stake in Central-Asian Electric Power Corporation

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.

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

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.

4 March 2009

Venture-backed green mobility operator Better Place names industry veteran Charles Stonehill as CFO

Venture-backed green mobility operator Better Place has named industry veteran Charles Stonehill as CFO, reporting directly to Shai Agassi, founder and CEO.

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

Viper Networks merges with its subsidiary Green Key Environmental Solutions

Viper Networks has signed an agreement to merge with its subsidiary Green Key Environmental Solutions.

17 February 2009

Chevron to establish sustainable energy efficiency centre in Qatar

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.

16 February 2009

Cleantech-focused firm AquAgro third most active venture capital investor in Israel, report

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.

5 February 2009

Israeli solar power developer Aora raises $5m in venture funding

Israeli solar power developer Aora has closed a $5m Series A funding round, led by venture capital firm EZKlein Partners.

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.

27 January 2009

BrightView completes $6m Series A financing

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.

20 January 2009

Torresol Energy secures €171m financing deal for solar plant

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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