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11 April 2014

NextEnergy reduces IPO target to £85m blaming loss of cornerstone investor

solarpv_170sq The solar fund NextEnergy has slashed the target for its upcoming IPO for the second time, reducing it to just £85m from an original target of £150m.

11 April 2014

Siemens subsidurary Marine Current Turbines awarded £1m from UK Regional Growth Fund

alstom_turbine_upside1701 UK-based Siemens subsidiary Marine Current Turbines, has been awarded a grant of £1m from the government’s Regional Growth Fund for research and development into innovative tidal technology.

11 April 2014

EBRD exits Polish energy company ENEA with a €7m lossp

Euro_money1701 The European Bank for Reconstruction and Developement has sold its remaining stake in Polish energy company ENEA, taking a €7m loss.

11 April 2014

OpenHydro and Alderney Renewable Energy team up on 300MW tidal array in the English Channel

tidal_wave170 Tidal technology company OpenHydro and Alderney Renewable Energy have signed a joint venture to develop a 300MW tidal array in the English Channel, off the island of Alderney.

10 April 2014

European Investment Bank approves €37.5m loan for Bosnian hydro plant

hydroelectric170 The European Investment Bank has issued a €37.5m loan for Bosnia’s biggest power utility Elektroprivreda BiH (EPBiH) to fund the construction of the Vranduk hydro power plant.

10 April 2014

UK government slammed for ‘anti-wind posturing’ as it tightens grip on onshore planning process

wind_2_070312_170 UK renewable power companies are hitting out at new moves to delay wind farm developments, saying the development increases uncertainty for investors in clean energy.

10 April 2014

Spanish utility Iberdrola raises €750m as it becomes first Spanish corporate to sell green bonds

Vestas V100 order Spanish utility Iberdrolla has raised €750m for renewable energy and smart meter projects in the first ever sale of green bonds by a Spanish corporate.

9 April 2014

Polish government approves ceiling on renewable subsidies and lays out new strategy

Acciona-Poland_170SQ Poland’s government has approved moves to limit the amount of money that can be spent on renewable subsidies.

9 April 2014

Green energy companies warn new European rules on subsidies will damage renewables growthp

worldwide170 Renewable energy companies and have warned that European Commission state aid guidelines announced today will damage the growth of renewable energy.

9 April 2014

UK warns Scotland will lose billions in green energy funding if it chooses independencep

Scotland1_170 The UK has warned Scotland it will lose billions in green energy funding if it chooses independence. In a new paper published today the government outlined areas where funding will be cut including direct subsidies and investment though institutions such as the Green Investment Bank.

8 April 2014

German parliament approves scaling back green subsidies, capping wind, solar expansion

merkel170 Germany’s cabinet has approved draft energy reforms in a move designed to curb a rise in the cost of electricity blamed on the nation's boom in green energy.

8 April 2014

Private equity investment in clean energy lowest since 2005 due to ‘dearth of successful exits’p

World_170SQ Venture capital and private equity investment in renewable energy ‘was depressed in 2013’ coming in at $2.2bn, 46 per cent less than the previous year.

8 April 2014

Global solar private equity funding surges to $251m in Q1p

sunergy_170SQ Global private equity and venture capital funding surged to $251m in the first quarter of 2014, up from $87m in the fourth quarter of 2013.

8 April 2014

Turbine maker Senvion secures loan amid concerns over parent company’s debt

wind_sunset_170SQ1 German turbine maker Senvion has secured an €850m loan from a consortium of 14 banks for a period of three years, amid concerns over the financial health of its Indian parent company Suzlon Energy.

7 April 2014

Norway sovereign wealth fund environmental investment target increased to at least $5bn

penguin_170_170 Norway has announced that its sovereign wealth fund, the biggest in the world, will increase its commitment to environment related investments to between $5bn and $8.3bn.

7 April 2014

UN warns investment in renewable energy is fallingp

powerlines170 Investment in renewable energy declined by 14 per cent to $214.4bn in 2013 according to new research commissioned by the United Nations Environment Programme.

7 April 2014

Silver Spring Networks partners Smarter Grid Solutions to form distributed energy alliance

grid_170 US smart grid technology company Silver Spring Networks is teaming up with UK-based company Smarter Grid Solutions in a partnership intended to help grid operators manage renewable energy resources and grid devices.

7 April 2014

Terra Firma continues renewables acquisition binge with RTR solar purchases

rural-Italy_170 Terra Firma-owned Italian solar company RTR Rete Rinnovabile has bought two solar facilities from EDF Energies Nouvelles.

4 April 2014

Ocean Power Technology announces $10.8m share offering

oceancaro170 Wave power developer Ocean Power Technologies is planning to raise $10.8m selling shares to fund ‘development, testing and demonstrations’ of its PowerBuoy wave power generator amongst other uses.

4 April 2014

Kawa Capital backed Conergy shrugs off bad weather and installs 68MW of new solar

Solar-panels-stock_170 Kawa Capital-backed solar service provider Conergy installed seven new solar facilities with a total capacity of 68MW in the first three months of 2014.

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