deal news

6 August 2009

Sierra Geothermal Power completes $3.8m private placement

Sierra Geothermal Power Corp. has completed a brokered private placement in which it sold 18,930,800 units at a price of $0.20 per unit for gross proceeds of $3,786,160.

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6 August 2009

UK cleantech company Novacem raises £1m in venture capital funding for green cement

UK cleantech company Novacem has raised over £1m in venture capital funding. Investors include seed investor London Technology Fund and early stage science investor Royal Society Enterprise Fund.

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6 August 2009

UQM Technologies awarded $45.1m grant from the US Department of Energy for electric power systems

UQM Technologies, Inc., a developer of alternative energy technologies, has been selected by the US Department of Energy to receive a $45.1m award under the American Recovery and Reinvestment Act to accelerate the manufacturing and deployment of electric vehicles, batteries and components in America.

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6 August 2009

Hong Kong-listed green energy company GCL-Poly acquires solar energy business Jiangsu Zhongneng

GCL-Poly Energy Holdings, together with its subsidiaries, is to acquire solar energy business Jiangsu Zhongneng Polysilicon Technology Development.

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5 August 2009

Bosch to acquire a stake in solar module manufacturer aleo solar

Technology company Robert Bosch has agreed to acquire a 40 per cent share in solar module manufacturer aleo solar from the company's management board.

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5 August 2009

EcoSystem Corporation executes deal for $76m equity financing

EcoSystem Corporation, a producer of renewable fuels, has closed its pending $76m equity financing with five investment funds.

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5 August 2009

Energy management company Power Assure raises $2.5m in venture funding from venture investor Draper Fisher Jurvetson

Power Assure, Inc, a developer of power management solutions for data centres, has completed its Series A round of funding, raising $2.5m from Draper Fisher Jurvetson and individual investors.

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5 August 2009

Renewable oil company Solazyme awarded California Energy Commission grant

Venture-backed renewable oil production company Solazyme, Inc., has been awarded a $789,697 Biosynthetic Transportation Fuel Production grant from the California Energy Commission's Public Interest Energy Research (PIER) programme.

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4 August 2009

Advanced Electron Beams raises $14.2m for energy efficient technology

Advanced Electron Beams, whose compact electron beam technology helps technology manufacturers become more environmentally sustainable, has closed a $14.2m Series C financing round, bringing the total amount raised to $50m since October 2008.

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4 August 2009

US venture capital firm Kleiner Perkins Caufield & Byers invests in water treatment company Applied Process Technology

US venture capital firm Kleiner Perkins Caufield & Byers has invested in water treatment company Applied Process Technology, according to reports.

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4 August 2009

University of California to receive $11m for fuel cell storage system

The California Center for Sustainable Energy said the University of California will receive $11m in incentives from California's self-generation incentive programme for the installation of a fuel cell energy generation and storage system.

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3 August 2009

AXA Private Equity to acquire Babcock & Brown’s French wind assets

AXA Private Equity has agreed to acquire Australian infrastructure investor Babcock & Brown's French wind assets, according to reports. Financial terms were not disclosed.

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3 August 2009

Centrica acquires NewNova Group to expand energy services operations

Centrica, through its British Gas Business division, has acquired Newnova Group Limited, which trades under BMS Solutions Ltd and BMS Setpoint Ltd, for £3.5m.

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3 August 2009

Bergamo E & A signs financing deal with Government of Pakistan for renewable energy projects

Hillard Herzog, the president of Bergamo Acquisition Corp and its subsidiary Bergamo E & A, has completed the negotiations with the Government of Pakistan for energy projects.

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3 August 2009

U.S. Geothermal signs deal to privately place subscription receipts

U.S. Geothermal has signed an agreement with a syndicate of Canadian investment dealers, which will privately place 8,100,000 subscription receipts, totaling approximately CAN$10,935,000.

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3 August 2009

US Departments of Energy and Treasury finance renewable energy facilities

The US Department of Energy and the US Department of the Treasury are now accepting applications for a programme that will directly finance companies that adopt renewable energy facilities.

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3 August 2009

US venture capital investment in cleantech rises to $572m, led by solar and efficiency dealsp

US venture capital investment in cleantech companies in Q2 2009 reached $572m, an increase of 73 per cent in terms of capital, with 48 financing rounds, a 100 per cent increase in number of transactions compared to Q1 2009, according to an Ernst & Young analysis based on data from Dow Jones VentureSource.

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3 August 2009

London-based private equity group Platina Partners teams with Vestas for Cyprus wind farm

Platina Partners, a London-based private equity group, active in the development, construction and operation of renewable energy projects across Europe, has placed an order with wind energy company Vestas for 41 turbines for the Orites wind energy facility in Cyprus.

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31 July 2009

US fuel cell developer Neah Power Systems receives $10m funding commitment from Optimus Energy Capital Partners

US fuel cell developer Neah Power Systems has reached agreement with investment fund Optimus Energy Capital Partners under which Optimus may purchase up to $10m of Neah Power's Series B preferred stock.

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31 July 2009

Evergreen Solar signs manufacturing agreement with Jiawei Solar for Chinese solar panels

Solar technology company Evergreen Solar, Inc. has finalised its agreements with Jiawei Solarchina Co., and the Wuhan Government's Hubei Science & Technology Investment Co.

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