New Energy World Network: Connecting Investors, Innovators & Deal-Makers worldwide
New Energy World Network: Connecting Investors, Innovators & Deal-Makers worldwide
11 August 2010
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23 July 2010
US Energy storage company talks of future funding plans - 23 May 2012
Application developer for the solar industry outlines future financial plans - 23 May 2012
US biofuel developer seeks $2m in investment - 22 May 2012
Australian government opens door for green business with A$10bn fund - 23 May 2012
UK boosts funding for commercial marine developments - 23 May 2012
Environmental energy prize fund tops $4m in Middle East - 23 May 2012
US Energy storage company talks of future funding plans - 23 May 2012Application developer for the solar industry outlines future financial plans - 23 May 2012US biofuel developer seeks $2m in investment - 22 May 2012Advanced materials developer announces possible fundraising opportunity - 22 May 2012Smart home system developer plans £2m fundraise - 21 May 2012
Italian wind developer to raise between €4m and €5m - 21 May 2012 Australian government opens door for green business with A$10bn fund - 23 May 2012
UK boosts funding for commercial marine developments - 23 May 2012
Environmental energy prize fund tops $4m in Middle East - 23 May 2012
India solar rooftop project up for sale - 23 May 2012
Brazilian bio unit of Louis Dreyfus Commodities files for IPO - 22 May 2012
Chinese solar company undertakes IPO, stocks hold steady - 22 May 2012
As a small, maritime trading nation Britain has always been quite a way away from key international markets. Our ability to visit far off places and people, and their access to us, has always been at the very heart of the UK’s ability to ‘punch above our weight in the world’, whether that’s commercially, culturally or diplomatically, writes Ben Caldecott, head of European policy at investment firm Climate Change Capital.
The most active investors in the cleantech, renewable energy and sustainability sectors share their views on the market at the fourth annual LP-GP Forum: Clean Energy & Sustainability.
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Following a recoverability assessment by independent auditors in June, which discovered that the Thermo 1 plant in the US state of Utah carried a $52.2m impairment according to accounting principles, geothermal project developer Raser Technologies exclusively told NewNet it is looking to diversify into solar and wind. 
Global company GEA Process Engineering is set to construct a geothermal-powered milk processing plant that uses energy from a nearby geothermal resource for Miraka on a greenfield site in New Zealand, under a new NZD35m ($25m) contract. 
Geothermal developer Qualibou Energy was highlighted as the stock to watch yesterday following its lockdown of $45m towards financing its $60m St Lucia power project in the Caribbean, by Wall Street Capital Funding. 
Australia’s Green party has pledged to provide AUS$5bn ($4.59bn) in loan guarantees for large-scale renewable energy developments, if the party comes into power this year. 
Coming into effect today, local governments in the UK can now sell renewable energy to the country's electricity grid after UK Energy Secretary Chris Huhne repealed a bar that prevented councils selling spare power, according to reports. 
The Indonesian government has shortlisted both India-based energy generator Tata Power and PT Medco Energi Internasional for a 200MW geothermal plant, according to reports. 
Commerical insurance writer CNA has unveiled a new programme to serve the renewable energy contractor sector. 
NYSE-listed geothermal project developer Ormat Technologies’ subsidiary Ormat Nevada has become the sole owner of the Mammoth complex of geothermal plants in Mammoth Lakes, California by acquiring Constellation Energy’s 50 per cent stake for $72.5m. 
The net losses of listed geothermal and natural gas project developer Calpine, which recently said it used $1.1bn raised through a private share placement to repay debt, stood at $115m for the second quarter – leading it to raise the lower end of its full-year guidance. 
Ormat Nevada, the subsidiary of geothermal project developer Ormat Technologies, will use a $350m loan facility to develop three geothermal projects in the US state, which will be guaranteed by the federal government under a ‘cost-effective’ financial partnership initiative. 
Canada-based Magma Energy has threatened to walk away from its proposed takeover of Icelandic geothermal company HS Orka after the government’s questioning of the legality of the deal. 
Philippine-based geothermal power company Energy Development Corp (EDC) has committed to spending more than $1bn in renewable and clean energy projects before 2016. 
Geothermal power company Magma Energy has responded to moves by the Icelandic government to carry out an investigation into its proposed takeover of HS Orka, stating it is confident the deal is legal. 
Australian geothermal project developer Icon Energy has received the seal of approval to construct two projects in the Queensland region. 
Geothermal company Magma Energy’s closing of its public offering at over $45.1m was marred yesterday when the Icelandic government reportedly opened an investigation into the legality of the company’s acquisition of a stake in Iceland-based geothermal company HS Orka, the country’s largest privately-held energy company. 
The Italy-based subsidary of US aircraft engine manufacturer Pratt & Whitney Power Systems, Turboden, will supply a 5MW geothermal Organic Rankine Cycle turbogenerator to German power utility SWM - Stadtwerke München under a new contract. 
NYSE-listed geothermal and natural gas company Calpine, which reported net losses of $47m for the first quarter of 2010, has raised $1.1bn through the sale of senior secured notes due in 2020 through a private placement. 
The US state of Nevada is on track to become the world's top geothermal energy producer as it will have an economic output of $22.5bn over the next 30 years, according to the Geothermal Energy Association. 
The Supreme Court of British Columbia, Canada has issued an interim order authorising Toronto Stock Exchange-listed geothermal developer Sierra Geothermal Power to sell all of its outstanding shares to Ram Power in exchange for Ram’s common shares. 
