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FuelCell Energy reduces net loss despite year-on-year revenue drop
2 September 2010
Renewable energy plant manufacturer FuelCell Energy improved its net loss by 12 per cent to $13.8m or $0.15 per basic share in the recent third quarter from $15.7m or $0.21 during the same period last year.
German solar company Centrosolar establishes UK base to leverage feed-in tariff opportunity
2 September 2010
Germany-headquartered solar company Centrosolar has established a subsidiary in the UK in its drive for international expansion, which will add to its sales offices in the US and across Europe.
Wind installation slows in Spain during 2010
2 September 2010
The amount of installed wind power capacity in Spain increased by 727MW during the first half of the year, reflecting a slowed pace in the uptake of the renewable energy resource, according to the Spanish Wind Energy Association.
BMZ makes €8m commitment to the Green for Growth Fund, Southeast Europe
2 September 2010
The German Federal Ministry for Economic Cooperation and Development has made an €8m commitment to the first-loss tranche of the Green for Growth Fund, Southeast Europe, initiated by the European Investment Bank and KfW.
China offers key three-year solar investment opportunity window, say investors
2 September 2010
China’s move towards a low-carbon economy is one of the key investment opportunities on the horizon for the next three years, according to Shanghai Elegant Investment manager Shi Bo.
RFA expresses disappointment in lack of biofuels meeting environmental standards
2 September 2010
The Renewable Fuels Agency said it is disappointed that only a minority of companies in the UK sourced biofuel that was produced according to a recognised environmental standard.
Mark Rzepczynski becomes chief of FourWinds Commodities Funds Group
2 September 2010
Natural resources and commodities alternative investment manager FourWinds Capital Management has appointed Mark Rzepczynski as CEO of its Commodities Funds Group and chairman of the investment committee for its liquid investment strategies.
Solar module developer Ascent switches heads as chairman steps down
2 September 2010
The chairman and founder of thin-film solar module developer Ascent Solar Technologies, Dr Mohan Misra, will retire from the company’s board of directors this December.
US Senate Majority leader Harry Reid calls for energy policy roadmap to spur investment
2 September 2010
US Senate Majority leader and Nevada Senator Harry Reid and prominent figures from the nation’s power industry have called for a renewable energy policy roadmap to allow businesses to plan investments into the clean energy sector.
Nautricity completes first equity fundraising, secures CoRMaT licence
2 September 2010
Scotland-headquartered developer of innovative tidal energy technology Nautricity has completed its first equity investment funding round.
Greenpeace urges Facebook to switch to renewables
2 September 2010
GreenPeace has urged Facebook not to buy electricity for its new US data centre from a coal-orientated energy company and instead use cleaner energy sources, according to reports.
Canada passes Renewable Fuel Standard
2 September 2010
The Canadian government has given the go-ahead to a Renewable Fuel Standard (RFS), requiring a five per cent Canadian transportation fuel ethanol and biodiesel blend.
Asset manager Galtere launches $1bn agribusiness fund
2 September 2010
US-registered investment manager Galtere has launched the Galtere Global Agribusiness Fund targeting $1bn in private equity capital to invest in agribusiness food and fuel opportunities in Australia, Brazil and Uruguay.
Harland and Wolff Heavy Industries to construct Siemens offshore substations for Gwynt y Môr
2 September 2010
Siemens has awarded Harland and Wolff Heavy Industries the design and build contract for two offshore substation platforms at the Gwynt y Môr offshore wind farm off the coast of North Wales, which are due to be finished by June 2012.
Wastewater treatment company Biowater launches US office
2 September 2010
Norway-headquartered biological water and wastewater treatment company Biowater Technology has opened a US office in Cumberland in Rhode Island.
PNM gets approval for New Mexico solar projects
2 September 2010
PNM Resources has received approval to build 22MW of utility-scale solar power facilities throughout the US state of New Mexico, which are expected to be completed by the end of 2011.
SNM Global leverages market value on small hydro acquisitions
2 September 2010
SNM Global has launched the first seven small and micro hydroelectricity development projects from its recent technology acquisitions in preparation for commercialisation and international distribution through a network of global partners.
Maine calls for offshore wind and tidal project proposals
2 September 2010
The Maine Public Utilities Commission (MPUC) in the US has today released a request for proposal for offshore wind and tidal renewable energy projects.
Ram Power’s takeover of Sierra Geothermal secures shareholder approval
2 September 2010
Sierra Geothermal’s shareholders have approved a takeover of the company by US renewable energy business Ram Power, which is now set to acquire all of Canada-based Sierra’s issued and outstanding shares once approval is obtained from the Supreme Court of British Columbia.
Algae Tec to go public by October
2 September 2010
Australian algae biofuel company Algae Tec said it is undertaking an initial public offering (IPO) that is expected to close on 16 September and will lead to it listing on Australian Securities Exchange (ASX) by the end of the month.
Solar wafer recycler SiC Processing appoints Guido Mueller to sales team
1 September 2010
SiC Processing, a recycler of solar wafer equipment, has appointed Guido Mueller as vice president of sales and marketing.
LDK Solar files suit against Canadian Solar for breach of contract
1 September 2010
Solar wafer and photovoltaic (PV) manufacturer LDK Solar has issued the latest in a long line of legal blows to Canadian Solar, which has been at the centre of class action legal suits since the Securities and Exchange Commission (SEC) launched an investigation earlier this year into whether the company overstated its financial results.
PSE&G employs Noveda technology to monitor all New Jersey solar assets
1 September 2010
Web-based energy monitoring system provider Noveda Technologies will provide monitoring and hosting services for US utility Public Service Electric and Gas (PSE&G) solar programmes under a new contract.
Asian Development Bank issues clean energy bond
1 September 2010
The Asian Development Bank plans to issues its inaugural clean energy bond to support renewable energy projects in the Asia and Pacific.
Former mining company Mustang Geothermal acquires three geothermal leases
1 September 2010
Mustang Geothermal has completed the acquisition of three geothermal leases for a total of 9,800 acres located in the US state of Nevada from Minera Cerro El Diablo and Dakota Resource Holdings.
Enerkem breaks ground on first industrial municipal waste biofuel plant
1 September 2010
Biofuel company Enerkem has broken ground on the construction of its municipal waste-to-biofuels facility in the Canadian city of Edmonton, on which it is partnering with the city’s authorities and the government of Alberta province.
Court dismisses rejections to Cape Wind’s permits
1 September 2010
The first offshore wind farm in the US has received state backing, paving the way for the 130-turbine project to be built in the Nantucket Sound.
Labor Party signs pact with Australian Greens
1 September 2010
A landmark pact between the Australian Greens and Labor Party will see the two parties work together if the country’s hung parliament swings in Labor’s favour.
US college employs Mitsubishi PV modules to surpass energy offset
1 September 2010
Butte College in the US state of California will employ Mitsubishi photovoltaic (PV) solar modules in its efforts to be one of the first educational institutions to generate more energy than it consumes.
GreenHunter Energy slips deeper into loss
1 September 2010
Diversified renewable energy company GreenHunter Energy’s operational net loss for the second quarter of the year was $1.5m, equating to a loss of $0.07 per common share, which is $4m greater than the $1.1m in operational loss that it incurred during the equivalent period of last year.
Energy technical support service Aecom acquires McNeil Technologies
1 September 2010
Environment and energy-focused technology support service provider Aecom Technology has acquired government national security and intelligence services firm McNeil Technologies from private equity firm Veritas Capital and certain management shareholders.
New Mountain Capital acquires energy-focused chemicals developer Mallinckrodt Baker
1 September 2010
New Mountain Capital has acquired Mallinckrodt Baker, a company that manufactures high-purity chemicals used in the energy and environmental sectors, from Covidien for about $280m through an affiliate.
Former Nuon CFO Doede Vierstra heads finance at Odersun
1 September 2010
The CFO energy company Nuon, Doede Vierstra, has been appointed to the same position at German-headquartered thin-film solar module manufacturer Odersun and takes a place on its management board.
Multilateral Carbon Credit Fund signs first projects in Baltics
1 September 2010
In its first transaction in Baltics, the Multilateral Carbon Credit Fund managed by the European Bank for Reconstruction and Development (EBRD) and European Investment Bank, has agreed to buy carbon credits from a group of wind farms operated by OÜ Nelja Energia.
Mississippi pledges financing for KiOR biomass plants
1 September 2010
Next-generation energy company KiOR has reached an agreement with the US state of Mississippi to build five commercial-scale renewable crude oil production facilities supplied by biomass in return for a state assistance package that includes a $75m loan.
Solon unveils solar plant manufacturing system that shortens construction time
1 September 2010
Berlin-based solar technology manufacturer Solon has announced it will bring to market a new power plant system solution that designs multiple power plants in groups, which the company said significantly shortens the time needed for planning and construction phases.
IMPSA sells wind turbines worth $730m to Brazil
1 September 2010
Argentina-headquartered renewable energy company IMPSA has sold over $730m worth of wind turbines to a selection of Brazilian buyers through its subsidiary Wind Power Energia, according to reports.
AEG awarded 260MW Eastern European PV contract
1 September 2010
AEG Power Solutions has been awarded a contract to supply 260MW of equipment to 13 photovoltaic (PV) utility-scale plants in Eastern Europe over the course of 2011.
3i Group tipped to sell Global Energy Services
1 September 2010
UK private equity firm 3i Group is looking to sell its portfolio wind farm developer Global Energy Services (GES), according to reports.
Japan to launch cap-and-trade carbon scheme in 2013
31 August 2010
Japan is to launch a mandatory emissions trading scheme in April 2013, regulating the carbon dioxide emissions of large companies, according to draft government proposals.
Voltea raises €3.6m to commercialise ‘green’ water desalination technology
31 August 2010
Unilever-backed advanced water desalination start-up Voltea has completed a €3.6m financing round to support the commercial roll-out of its breakthrough capacitive deionisation (CapDI) technology.
Iberdrola consortium to develop nine wind farms in Brazil
31 August 2010
Wind developer Iberdrola Renovables has been awarded a contract to develop nine new wind farms in Brazil in partnership with Brazilian energy holding company Neoenergia and an additional investor.
German solar developer juwi targets 1GW of global solar installations by 2012
31 August 2010
Combined-cycle photovoltaic (PV) plant developer juwi Solar expects to create 500 jobs globally by 2012 as it enters into new markets as part of its international expansion.
Millennium Private Equity invests in Islamic bond issued by International Innovative Technologies
31 August 2010
Millennium Private Equity (MPE), which is owned by Dubai Islamic Bank and United Gulf Bank, has invested in an Islamic bond issued by clean technology development company International Innovative Technologies (IIT), according to reports.
US Geothermal secures loan for San Emidio geothermal plant
31 August 2010
USG Nevada, a subsidiary of project developer US Geothermal, has closed financing for its geothermal project Sam Emidio through a project loan agreement with engineering specialist Science Applications International (SAI).
Exelon expands into wind with John Deere Renewables acquisition
31 August 2010
Energy utility Exelon has made its entry into the wind power sector with an agreement to acquire project developer John Deere Renewables in a deal it expects will close late this year.
Russia submits first project for UN emission reduction credits
31 August 2010
Russia has submitted its first emission reduction project for registration under the Kyoto Protocol’s joint implementation mechanism, according to the United Nations (UN).
Ballast Nedam to lay foundations for two Dong Energy wind farms
31 August 2010
Dutch engineering company Ballast Nedam will lay the foundations for two offshore wind farms being developed by Dong Energy, under new contracts.
SunPower to double installed solar capacity under federal contracts
31 August 2010
SunPower’s solar technology will be installed on several US government properties under a round of new contracts totalling 20MW, which will double the photovoltaic capacity it has installed under federal awards.
Aqua Resources Fund ends H1 2010 on share price low, recent recovery
31 August 2010
Aqua Resources Fund, the closed-ended investment scheme managed by FourWinds Capital, said it will deploy its remaining capital into bolt-on investment opportunities to strengthen its existing portfolio, after its share price at the close of the first half of the year was at its lowest level since the fund’s inception.
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Currently on NewNet..
- FuelCell Energy reduces net loss despite year-on-year revenue drop
- German solar company Centrosolar establishes UK base to leverage feed-in tariff opportunity
- Wind installation slows in Spain during 2010
- BMZ makes €8m commitment to the Green for Growth Fund, Southeast Europe
- China offers key three-year solar investment opportunity window, say investors
- Energy player Karl Miller predicts renewable energy market will crash
- India targets 100GW of solar power by 2030
- Amplio secures €40m from institutional investors for 100MW solar PV plants
- India announces groundbreaking solar plan
- UK’s National Alliance of Windfarm Action Groups welcomes publication of book: ‘The Wind Farm Scam’
In this Month's Journal
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Growth of anaerobic digestion hampered by UK regulation
September 2010
Although landfill costs are driving a renewed interest in waste-to-energy, a muddled regulatory environment could hinder the sector’s growth.
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