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28 February 2011

Hyundai, KCC to build Saudi polysilicon plant

Saudi Arabia-based Polysilicon Technology Co (PTC) has awarded a $380m contract to build a polysilicon manufacturing plant to two South Korean companies, Hyundai Engineering and KCC.

28 February 2011

Gates Foundation supports sustainable agriculture

Bill and wife Melinda Gates’s philanthropic foundation is to co-fund agricultural research projects designed to help small farmers increase yields and incomes in developing countries, alongside the UK government.

28 February 2011

New subsidies for US farmers as on-site renewable production grows

The US Department of Agriculture (USDA) has announced new subsidies for small farmers, on the same day as a survey showed that production of renewable energy on farms had reached record levels.

28 February 2011

US, Masdar tie-up to advance PV solar coating technology

While the price of oil has continued to rise in the face of Middle Eastern unrest, the US government and United Arab Emirates renewable energy initiative Masdar are to collaborate on advancing solar photovoltaic (PV) coatings that could progress the adoption of the technology in dusty and arid climates.

28 February 2011

ETI hails potential of vertical axis wind turbines

Vertical axis wind turbines could prove to be a worthy alternative to traditional horizontal wind models, according to the Energy Technologies Institute (ETI).

28 February 2011

UBC receives $11.2m in government funding for biomass project

The University of British Columbia (UBC) received $11.2m in government funding to develop its first clean energy project that will reduce its consumption of natural gas by 12 per cent.

28 February 2011

Babcock & Wilcox wins contract to build waste-to-energy plant

Babcock & Wilcox, a Denmark-based supplier of waste-to-energy equipment and technology, was awarded a $35m contract with Finland-based company EkoKem, which specialises in waste and management services.

28 February 2011

Ocean Power Technologies readies next-gen PowerBuoy for commercialisation

Nasdaq-listed wave energy company Ocean Power Technologies is preparing to trial the first of its new generation utility-scale PowerBuoys at sea and seeking further funding to propel it into commercialisation.

28 February 2011

Oxford Catalysts Group raises £21m in share placing

Energy research business Oxford Catalysts Group has raised £21m through a share placing on London’s Alternative Investment Market.

28 February 2011

Stock round-up: Geothermal companies have mixed fortunes

Ormat Technologies, whose $1.1bn market capitalisation makes it the biggest player in the geothermal field, suffered after announcing that it expects to report a loss for the fourth quarter of 2010.

25 February 2011

Deal round-up: Renewable energy start-ups gain early footing in 2011

The final week of February has been a good week for early stage clean technology companies, with energy efficiency start-up Transphorm bagging major new backing from Google Ventures.

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.

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