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14 May 2012

Ontario overcomes VC reluctance to attract $27bn in renewables investmentp

An initial reluctance by the venture capital industry to invest in renewables has now been overcome, with investment flowing into Ontario’s green power activities, a member of the Ministry of Economic Development and Innovation told NewNet.

11 May 2012

North Carolina non-profit launches RFP to buy RECsp

A non-profit group operating in the US state of North Carolina has launched a request for proposals as it seeks to buy renewable energy credits (RECs).

11 May 2012

Latin American renewables player to sell off wind, hydropower assetsp

A project developer focused on the Latin American market has begun negotiations to divest a wind and hydropower project.

10 May 2012

Newly-launched Armstrong AM sets early-2013 deadline for $150m cleantech fund closep

south_east_asia_170_170 Newly-launched Armstrong AM has received commitments of $66m towards its Asia-focused clean energy fund and told NewNet it hopes to reach a final target of $150m in early 2013.

3 May 2012

Industry development remains a ‘rollercoaster’, says US hydro developerp

For growing US clean energy businesses, development continues to pose a stern challenge and quick expansion into other regions could be a risky game to play, despite the support on offer.

2 May 2012

Canadian province launches renewable energy fundp

manitoba_hydro_170_170 The Canadian province of Manitoba is to launch a renewable energy fund as the province looks to leverage its natural hydropower advantage.

20 April 2012

Cascade buys 255MW Peruvian hydro project

hydroelectric_170SQ Latin American small hydro developer Cascade, a subsidiary of utility Rurelec, has agreed to acquire the 255MW Santa Rita project in Peru for $10m.

3 April 2012

Australia’s Origin takes majority stake in 1GW Chilean hydro project

Australian company Origin Energy has acquired a 51 per cent stake in Chilean hydroelectric development company Energía Austral, from Xstrata Copper.

30 March 2012

Fortum sells 22MW of hydro for €45m

Finnish energy company Fortum has sold 14 small hydropower plants, with a combined capacity of 22MW, to Koskienergia for around €45m.

12 March 2012

HyperSolar unveils plans for new hydrogen technology

Cleantech innovator HyperSolar has announced its plans to unveil a prototype for a new renewable hydrogen and natural gas technology in 2013.

9 March 2012

Joule Africa to develop 450MW hydroelectric Cameroon project

hydroelectric_170SQ Emerging market energy developer Joule Africa and the government of Cameroon have formed a memorandum of understanding to develop a 450MW hydro electric project.

1 March 2012

GE doubles solar investments to $1.4bn in 2011

generic-solar_170_170 The investment arm of US electronics giant General Electric has announced that it spent $1.4bn supporting solar projects last year, more than double its commitment in 2010.

6 February 2012

UK co-op to build hydropower system

A community-cooperative in Yorkshire, North East England, has awarded a JN Bentley a £450,000 contract to build a hydroelectric system on the River Esk.

2 February 2012

Philippines to sell off hydro, geo projects under power privitisationp

A number of renewable energy assets in the Philippines are likely to be sold off as part of a privatisation programme being undertaken by the government.

31 January 2012

Reservoir Capital to extend 2 Serbian hydro projects

hydroelectric_170SQ1 Reservoir Capital has received three-year permitting extensions for two run-of-the-river hydroelectric plants in Serbia.

30 January 2012

Sale of New Zealand renewables utility takes shape

river_170_170 Lead managers have been appointed to arrange the sale of a major renewable energy-focused utility in New Zealand.

27 January 2012

Canada-to-US 250MW hydro PPA approved

hydroelectric_170SQ1 The Minnesota Public Utilities Commission has unanimously approved a 15-year, 250MW power purchase agreement that will see US utility Minnesota Power procure hydro-electricity from Canada’s Manitoba Hydro.

11 January 2012

Reservoir Capital completes assessment on 58MW Serbia hydroelectric plant

Renewable energy developer the Reservoir Capital Group has completed geotechnical studies for its proposed 58.4MW hydroelectric development in Brodarevo, Serbia.

5 January 2012

3Power to purchase concession rights for 127MW Albania hydro project

Global renewables developer the 3Power Energy Group has entered into a framework agreement with an unnamed Albania-based investment group, to purchase 75 per cent of the concession rights to develop a 127.6MW hydroelectric power plant on the Shala River.

4 January 2012

Vattenfall-led consortium to bid in French hydro tender

hydroelectric_170SQ Swedish energy company Vattenfall has partnered with ArcelorMittal, Rhodia and SNCF under the name Force Hydro to bid for hydroelectric concession tenders to be launched in France this year.

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