news
27 March 2009
Three Indonesian state banks have put forward a syndicated loan of $80m to fund the construction of PT Geo Dipa Energy's geothermal plant in West Java. Bank Negara Indonesia will lead the syndicate which will include PT Bank Mandiri and PT Bank Rakyat Indonesia.
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27 March 2009
New Earth Solutions Group, a UK waste treatment and resource recovery company, has launched the New Earth Recycling and Renewable Energy Sub-Fund as part of The Eclipse Investment Fund Protected Cell Company.
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27 March 2009
Chinook Sciences, a UK-based manufacturer of gasification technology, and European Metal Recycling have formed a joint venture to convert automobile shredder residue into renewable electricity and recycle metal in the process.
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26 March 2009
US Vice President Joe Biden and Energy Secretary Steven Chu have announced plans to invest $3.2bn in energy efficiency and conservation projects in US cities, counties, states, territories, and Native American tribes. The Energy Efficiency and Conservation Block Grant programme, funded by President Obama's American Recovery and Reinvestment Act, will provide formula grants for projects that reduce total energy use and fossil fuel emissions, and improve energy efficiency nationwide, the DOE said.
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26 March 2009
Shiming U.S., Inc., a Chinese based consumer electronics manufacturer has started construction on a $400m technology complex joint venture with the Chinese Government.
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26 March 2009
Marlow Capital, a South Africa-based private equity firm, has led a consortium to acquire waste management group Wasteman Group from a group of shareholders including Suez Environnement for an undisclosed sum.
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26 March 2009
US biofuels company AE Biofuels, Inc., has signed a strategic agreement with Merrick & Company to commercially implement AE Biofuels' enzyme-based technology for the conversion of non-food biomass into ethanol and other materials through the design of new biofuels facilities or the conversion of existing biofuels facilities. Merrick provides engineering and architectural design-build, procurement and construction management services.
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26 March 2009
The Renewable Energy Association (REA) has presented energy minister Mike O'Brien with a tariff design blueprint developed by over 60 energy companies.
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26 March 2009
The European Bank for Reconstruction and Development (EBRD) is investing up to KZT9.2bn (€46m) to acquire a stake in the private power company Central-Asian Electric Power Corporation.
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26 March 2009
Siemens Energy is to acquire a 28 percent stake in Italian solar company Archimede Solar Energy. ASE produces solar receivers, while Siemens manufacturers steam turbine-generators for solar thermal power plants. By combining these two technologies Siemens wants to enhance the efficiency of these plants and further reduce the production costs for solar power, according to a statement. The two companies did not disclose the purchase price of the shares.
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26 March 2009
Raser Technologies, an environmental technology company, and Copper King Mining Corporation have signed a geothermal lease agreement covering areas in southwestern Utah, US. Financial terms of the lease were not disclosed.
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26 March 2009
OPEL International, a supplier of photovoltaic solar products, has formed a limited liability company by the name of OPL Solar Europe to be headquartered in Brussels, Belgium.
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26 March 2009
Solar Energy Initiatives, a US solar thermal and photovoltaic technology developer, has appointed Harold Gear and Everett Airington to its board of directors.
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26 March 2009
Arizona Public Service Company, Arizona's largest electricity utility, has submitted a Request for Proposal for renewable energy generated from small projects in the area.
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26 March 2009
OriginOil, Inc., a US developer of a technology to transform algae to oil, has appointed Adam Meislik to the company's board of directors.
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26 March 2009
Long Island Power Authority and Consolidated Edison are moving forward with their public-private partnership with plans to enter a new phase of study on an offshore wind farm.
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26 March 2009
Approximately 1,265MW of solar power of all types were installed in 2008, bringing total US solar power capacity up 17 per cent to 8,775MW, according to '2008 US Solar Industry Year in Review' from the Solar Energy Industries Association.
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25 March 2009
The Bosch Group has begun the expansion of its solar production, having established a new manufacturing facility for crystalline solar cells and modules in Germany. The company will invest €530m in the project between now and 2012.
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25 March 2009
UK investment manager Climate Change Capital is looking to raise up to €500m for a private equity fund targeting investments in European renewable energy, according to reports.
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25 March 2009
The Coalition for Green Bank has welcomed Congressman Chris Van Hollen's bill which establishes the Green Bank to catalyse the financing of clean energy and energy efficiency projects.
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