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20 May 2010

EnerTech Capital adds former New York Governor George Pataki to its advisory board

Former US Governor of New York State, George Pataki, who implemented the country's first green building tax credit whilst in power, has been appointed to the advisory board of clean technology venture capital firm EnerTech Capital.

19 May 2010

Environmental investment manager Impax grows assets and revenues

Impax, the UK AIM-quoted specialist investment manager dedicated to the environmental markets sector, increased its assets by more than 40 per cent between September 2009 and April 2010.

19 May 2010

Ludgate Environmental Fund increases stake in STX Services environmental trading firm

Clean technology growth capital investor Ludgate Environmental Fund (LEF) has increased its holding in Dutch environmental trading and brokerage firm STX Services to 24.8 per cent from 19.2 per cent as a result of a capital reorganisation and a share buyback.

19 May 2010

The Co-operative Bank to lend £200m to renewable energy sector

The Co-operative Bank said it has committed to lend £200m to the renewable energy sector in 2010.

18 May 2010

Geothermal company Calpine issues $400m private placement

Geothermal and natural gas company Calpine has priced $400m senior secured notes due for repayment in 2019 in a private placement offering that is expected to close on 25 May.

17 May 2010

UN’s Rio 2012 conference must focus on sustainability, GEC says

The United Nations' future Conference on Sustainable Development, which marks the twentieth anniversary of the Earth Summit held in Rio de Janeiro in 1992, should focus on accountability and produce strong and enforceable national commitments if it is to play a part in moving towards sustainability, an environmental lobby group said.

17 May 2010

Geothermal company Magma secures 98 per cent stake in Icelandic HS Orka resource

Magma Energy has signed an agreement to purchase all of Geysir Green Energy's (GGE) stake in Icelandic geothermal company HS Orka, increasing its stake in the company to 98.53 per cent. The remaining 1.5 per cent stake is held by four Icelandic municipalities.

17 May 2010

UK government pledges to cut emissions by 10 per cent as it promotes green policies

Carbon emissions from the UK's central government will be cut by ten per cent over the next twelve months as the coalition party between the Conservatives and Liberal Democrats aims to be the greenest government to date, UK Prime Minister David Cameron said.

14 May 2010

US announces final greenhouse gas emissions rules

The US government has finalised greenhouse gas (GHG) emission rules from the largest stationary sources, exempting smaller polluters under the Clean Air Act, but signaling a commitment to climate change by the Obama administration.

13 May 2010

DOE makes $20m available to under-developed geothermal technologies

The US Department of Energy (DOE) has made $20m available for the research, development and demonstration of geothermal technology in an effort to demonstrate the feasibility of non-conventional approaches.

13 May 2010

American Power Act unveiling welcomed by energy industry

The US climate change bill known as the American Power Act and introduced by Senators John Kerry and Joe Lieberman has been welcomed by the renewable energy industry, who urges it to now been moved swiftly through Congress.

13 May 2010

Nevada Geothermal Power’s Faulkner 1 achieves record output

Nevada Geothermal Power's Blue Mountain, Faulkner 1 geothermal plant in the US has achieved record electric power production over the past week, with peak levels exceeding 53MW and 41MW being delivered to the grid. The increased production was enabled by operational adjustments at the plant, the company said.

12 May 2010

South American hydropower to grow up to 2020p

Hydropower dominates renewable energy production in South America and is expected to show moderate growth until 2020 alongside thermal power, according to new figures.

12 May 2010

Australia’s budget disappointing for renewable energy investment, Climate Institute says

Australia's pre-election budget unveiled by the ruling Labor Party yesterday has been described as disappointing on the back of the delay of its Carbon Pollution Reduction Scheme (CPRS), independent research organisation The Climate Institute said.

12 May 2010

US awaits climate bill introduction, proposals may veto offshore drilling

US Senators are set to unveil a long-awaited climate bill that will aim to increase US energy security and reduce its dependence on oil today.

12 May 2010

E.ON reports strong Q1 in renewables due to increased wind capacity

Investor-owned power and gas company E.ON said its first quarter EBIT in its new markets division, which encompasses its renewable energy activities, rose by 55 per cent to €246m. It said its climate and renewables segment in particular posted considerable higher adjusted EBIT on the back of a significant increase in its wind power capacity.

10 May 2010

Investment manager Alquity launches first in range of Africa funds

Investment manager Alquity has launched its first in a range of funds that aim to generate attractive returns through sustainable and responsible investments in Africa.

10 May 2010

Reservoir Capital subsidiary evaluates Serbian geothermal wells

European renewable energy investor Reservoir Capital's wholly-owned subsidiary, Southern European Exploration (SEE) has signed a cooperation agreement with geothermal company Jumko to evaluate its existing geothermal wells in the Vranjska Banja exploration permit in southern Serbia.

10 May 2010

UK general election cannot afford to delay renewable energy investment, says REA

The UK cannot afford any stalling if it is to meet its legally-binding renewable energy target, the CEO of the Renewable Energy Association (REA) said in response to last week's general election in which no party won enough votes to form a majority government.

7 May 2010

Southern California Edison and PG&E geothermal purchase deals approved by CPUC

US energy utilities Southern California Edison (SCE) and Pacific Gas and Electric (PG&E) have been given the go-ahead to purchase power from geothermal facilities in the US state of California from the California Public Utilities Commission (CPUC).

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