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25 February 2011

Solar company Soitec hires former IBM exec

Paris-based solar company Soitec has appointed Steve Longoria, previously of IBM, as senior vice president for strategic business development.

25 February 2011

Siemens cuts EV charging times in half

German engineering giant Siemens has developed a new mode of charging electric vehicles (EVs) which is 50 per cent quicker than existing technologies.

25 February 2011

Mitsubishi joins 200MW Spanish solar plant through equity deal

Japan’s Mitsubishi is to acquire a stake in a Spanish solar power company and as such has joined a 200MW generation project.

25 February 2011

NGP negates losses on Q4 revenue growth

Nevada Geothermal Power negated its losses in the fourth quarter of 2010, more than doubling its revenue and significantly boosting its Ebitda and gross margin.

25 February 2011

Profits at solar company Abengoa up 22 per cent

Spanish solar, biofuels and recycling business Abengoa saw its net profit increase by 22 per cent in 2010, according to the company’s latest earnings report.

25 February 2011

Great Plains Energy utility buoyed by renewables, despite operational losses

NYSE-listed Great Plains Energy’s utility earnings rose by nearly one third in 2010 to $210.1m year-on-year after it grew its renewable energy commitments by half, despite operational losses of $4.8m.

25 February 2011

Phononic Devices raises $10m in Series B funding

Phononic Devices, a North Carolina-based start-up that is developing thermoelectric equipment, has raised $10m from venture investors in Series B funding.

25 February 2011

UK solar installations to fall below 250MW on FIT doubts, industry warns

The UK is unlikely to install even 250MW of solar projects this year, due to unclear planning for renewable energy feed-in tariffs, according to a source within the industry.

25 February 2011

Renewable energy consortium bids for $750m utility projects

A consortium of power producers in the US state of Michigan has made a significant bid for renewable energy projects under Detroit Edison’s latest request for proposals.

25 February 2011

Scheuten Solar anticipates growth and enters UK market

Scheuten Solar, which is headquartered in the Netherlands, has entered the UK market as it anticipates a government-backed growth of the market in the near future.

25 February 2011

Future Capital Partners diversifies VCT to cover range of clean energies

The diversification strategy taken by Future Capital Partners in the launch of its two new funds will shield it from any changes to subsidiary tariffs in the UK, its deputy CEO told NewNet.

25 February 2011

ET Solar Group connects Wattner PV plant

China-based solar manufacturer ET Solar Group has connected a 2.9MW ground-mounted solar plant to the grid for global developer Wattner, completing construction in four months.

25 February 2011

Scotland invests £1m in low carbon sector apprenticeships

Scotland’s government is to spend up to £1m on 500 modern apprenticeships in the country’s low carbon and energy industries over the next year.

25 February 2011

Southern California Edison connects largest investor-owned solar project

As power utilities in the US make moves to increase their adoption of renewable power in an effort to meet renewable energy portfolio standards, Southern California Edison has connected the largest investor-owned solar plant to its Central Valley power grid.

25 February 2011

First Solar income climbs despite weakened Q4

Nasdaq-listed solar manufacturer First Solar raked in more net income in 2010 than the previous year, despite weakened sales revenue in the fourth quarter.

25 February 2011

Shares stay low after Hezy Ram’s departure from Ram Power

Hezy Ram, the founder, president and CEO of geothermal power company Ram Power, has quit the company, sending its share price tumbling.

25 February 2011

Ontario’s FIT awarded to 972MW renewable energy projects

The Canadian province of Ontario has awarded the next round of feed-in tariff contracts as it further bolsters attempts at building a low carbon economy.

25 February 2011

Reservoir raises $7m through share sales

Europe-focused renewable energy project developer Reservoir Capital has raised more than $7.08m through a placement of share warrants it launched last September.

24 February 2011

Europe agrees to fund UNEP sustainability programmes

The United Nations’ Environment Programme has partnered with the European Commission to increase cooperation on environmental funding until 2013.

24 February 2011

Hanwha SolarOne shipments soar following take-over

Hanwha SolarOne, the new company created by Korean industrial group Hanwha’s takeover of Solarfun, has indicated that its revenues are significantly higher following the acquisition.

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