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Japan car giants team up to promote global electric vehicle adoption

A group of Japanese vehicle manufacturers have joined forces with a major utility to standardise how electric vehicles are charged to speed-up the adoption of the clean energy cars around the world.

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Global solar capacity reaches 15,000MW led by Chinese growth, according to new research

Global solar installations totaled 15,000MW at the end of 2008 with Chinese production sky-rocketing to five times the output of the US, according to figures released by the Earth Policy Institute (EPI).

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First Chinese wind turbine plant in US to be built by manufacturer A-Power Energy Generation Systems

The first wind turbine plant to be set up by a Chinese firm in the US will be constructed by wind turbine manufacturer A-Power Energy Generation Systems in co-operation with US partners.

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Technology investor Battery Ventures closes ninth fund on $750m target

Technology investor Battery Ventures has closed its ninth fund, BV IX, on its $750m target. This brings total committed capital in Battery’s nine funds to nearly $4bn.

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Trina Solar signs solar PV sales agreement with US wholesale distributor Essco

Solar photovoltaic (PV) manufacturer Trina Solar has signed a sales agreement with Essco Wholesale Electric, the southwest US company of electric distributor Sonepar USA, through Trina’s subsidiary, Changzhou Trina Solar Energy.

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Applied Materials expands solar manufacturing capability in Taiwan

Solar photovoltaic (PV) company Applied Materials has opened it newly expanded Tainan Manufacturing Center in Tainan, Taiwan.

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Water technology company Modern Water sees revenues grow with focus on China in 2009

AIM-listed Modern Water said its entrance into the Chinese market and the deployment of its technology in Gibraltar and Oman were key factors in the company moving towards commercialisation during 2009, its executive chairman Neil McDougall told NewNet.

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Carmanah and ADB expand solar LED partnership

Canadian solar LED developer Carmanah Technologies Corporation and airfield technology company ADB Airfield Solutions are to expand a partnership agreement to include Europe, South America, the Middle East, Africa and Asia Pacific, focused on solar-powered LED airfield lights manufactured by Carmanah.

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WI Harper Group invests in Chinese LED lighting company Testar

LED lighting technology company has agreed to become an independent entity and to receive an investment from China-focused venture capital firm WI Harper Group. This infusion of capital allows the company to expand its operations in providing testing services for LED chip manufacturers across Asia, Testar said.

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Chinese solar company Yingli Green Energy posts fourth quarter loss but remains confident for 2010

Chinese solar energy company Yingli Green Energy reported a fourth quarter loss of $6.6m due to operating expenses and foreign exchange losses but said it remained confident in its ability to achieve its full-year shipment guidance of up to 1GW.

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China-Israel fund Infinity I-China creates six technology funds in partnership with Chinese cities

The China-Israel fund Infinity I-China has established six joint venture private equity funds throughout China to support domestic technology firms as part of its ten-year plan for the region.

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Solar Power receives $24.7m commitment from $787bn American Recovery and Reinvestment Act

Solar module manufacturer Solar Power has received an initial commitment of $24.7m in Recovery Zone Facility Bonds (RZFB) by Sacramento County

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Asian Development Bank in initial stages of evaluating clean energy venture capital fund

The Asian Development Bank (ADB) is in the early stages of evaluating the potential of a clean technology-focused venture capital fund, a spokesperson told NewNet.

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Chinese water treatment equipment maker Duoyuan Global Water appoints David Nickols as director

Chinese domestic water treatment equipment supplier Duoyuan Global Water has appointed engineering and construction specialist David Nickols to its board of directors.

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Shell’s Japanese solar subsidiary Solar Frontier targets US market in global expansion

Shell’s Japanese solar subsidiary Showa Shell’s rebranding to Solar Frontier represents its first real entry to the US markets where it sees significant growth potential, its director of international business Brooks Herring told NewNet.

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Bergamo announces $500m Lebanese solar power project

Listed energy developer Bergamo Acquisition has announced a new, $500m solar power project for the Republic of Lebanon.

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China WindPower Group reports profit jump, sets out expansion plans

Renewable energy firm China WindPower Group posted a 55 per cent increase in nine-month profit, with income rising to HK$181.2m ($23.24m) from HK$116.8m ($15m), as it announced its 2010 expansion plans.

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Smart grid and appliance technology to be leading wealth driver, report shows

The deployment of smart grid technology could easily be one of the leading drivers of wealth well into the next 15 years with the smart appliance market expected be five times larger than it is today, according to a new report.

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Chinese solar cell maker Tainergy Tech to list on Taiwan Stock Exchange

Chinese solar cell manufacturer Tainergy Tech will list on the Taiwan Stock Exchange this year and enter loan arrangements to boost its domestic production capacity, according to reports.

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Suzlon receives 52.5MW wind turbine order from Gujarat State Petronet

India’s largest wind turbine manufacturer Suzlon Energy Limited (SEL)has won a major order from Gujarat State Petronet Ltd (GSPL) to set up, operate and maintain its 52.5MW wind energy project in the Rajkot and Porbandar districts of Gujarat.

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Clean technology investors move towards funding mature firms, technology boutique says

Clean technology investments have evolved from focusing on start-ups to those companies further along the development chain, a technology-focused corporate finance boutique told NewNet.

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Growing Chinese solar market may soak up European excess capacity, analyst says

An emerging Chinese solar market may help reduce excess global capacity as many European countries struggle to sustain their businesses models in the face of changing government incentives, an analyst told NewNet.

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Solar module manufacturer Suntech reports revenue, profit increase in 2009

Solar module manufacturer Suntech Power reported an increase in both revenue and profit for the fourth quarter 2009 and expects first quarter 2010 shipments to increase by five to ten per cent.

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Wind turbine manufacturer Suzlon secures Indian wind farm deal and pushes portfolio to more than 100MW

India’s largest wind turbine developer Suzlon Energy will increase its portfolio to more than 100MW with a new order from Gujarat State Petronet (GSPL) to set up, operate and maintain a 52.5MW wind energy project.

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United Nations selects advisory group to mobilise climate change funds

The United Nations has selected members for a new international advisory group focused on climate change financing that will work towards mobilising funds discussed at the UN Climate Change Conference in Copenhagen last December.

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Prudent Energy sees minor pullback in storage space as it looks towards US and Chinese growth

Energy storage device manufacturer Prudent Energy president Tim Hennessy told NewNet there will be a general pullback in the energy storage space but the slowdown will not be as bad as previously anticipated.

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Clean technology firm Hydrodec joins with Kobelco Eco-Solutions for Asian expansion

AIM-listed technology firm Hydrodec has signed a joint venture agreement with Kobelco Eco-Solutions to exploit its environmentally sustainable technology for use in the chemical and mineral oils industries in Japan and across the East Asian market.

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Solar plastic developer Konarka raises $20m in strategic partnership with Konica Minolta

US developer of solar power plastic films Konarka has received $20m in funding after signing an agreement with Konica Minolta.

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Japan’s Kyocera to open US solar manufacturing plant as it ramps up production

Japanese manufacturer Kyocera said it will begin manufacturing solar modules in California, US, this year as it increases its annual production targets to 1QW per year by 2013.

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Chinese wind turbine manufacturer Sinovel plans $500m IPO

Chinese wind turbine manufacturer Sinovel said it plans to raise more than $500m through an initial public offering (IPO) and list on the Shanghai Stock Exchange, according to reports.

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International Energy Forum calls for urgent review of biofuel policies

An urgent review of global biofuel policies is needed, with current targets over ambitious or unsustainable, according to a report by the International Energy Forum.

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China sets out ten-year plan to boost renewables

The Chinese government has put together a ten-year programme to boost the generation of clean energy and ensure it accounts for 15 per cent of the country’s electricity by 2020, according to reports.

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Canadian Solar gives optimistic 2010 outlook as it posts revenue drop of $40m

Solar cell manufacturer Canadian Solar said it remains optimistic about its prospects in 2010 with an increasing customer base in emerging markets and the ability to leverage Canadian feed-in tariffs, as it posted a 2009 revenue decrease of about $40m.

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Spring Capital Asia raises $184m, invests in wind tower manufacturer

Spring Capital Asia, a private equity firm investing exclusively in China and Hong Kong, has held a second closing of its debut fund on $184m and tied up an investment in Qingdao Wuxiao Group, a wind and electricity tower manufacturer based in the Shandong Province of mainland China.

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United Green Technologies signs distribution agreement with Chinese food processor

United Green Technology, a subsidiary of ONE Bio, which utilises green process manufacturing to produce raw chemicals and other products, has signed a distribution agreement with food processing manufacturer Shineway Group for distribution of the company’s organic bamboo shoots.

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Energy storage developer Prudent Energy raises $22m, led by Chinese investment

Energy storage technology developer Prudent Energy has secured $22m in a Series C financing round led by Chinese investment firm Northern Light Venture Capital.

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Standard & Poor’s to collaborate with Point Carbon for carbon offset risk tool

Credit ratings and index firm Standard & Poor’s (S&P) is to launch a risk assessment tool for carbon projects after signing an agreement with data analytics firm, Point Carbon.

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Pulp industry increases biomass usage, report says

The global pulp and paper industry has witnessed a rapid worldwide expansion in the use of biomass for its energy generation, according to a report by forest industry consultancy Wood Resources International.

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SunPower’s energy-efficient solar panels bring light to Toshiba’s new solar power systems

Japanese electronic conglomerate Toshiba has agreed to purchase 32MW of high-efficiency solar panels from US-based solar company SunPower in 2010 under a strategic supply agreement.

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US electric vehicle charger developer ECOtality gains access to $300m financing facility

China-based cleantech investment holding firm Shenzhen Goch Investment, a partner of US clean energy storage and electric vehicle company ECOtality’s joint venture in China, ECOtality China, has obtained a credit facility agreement with China Construction Bank for a credit line of RMB10bn ($1.5bn).

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India proposes coal tax to create renewable energy fund

India is to establish a clean energy fund by imposing a tax on coal produced within the country and imported from abroad, the country’s finance minister has announced, which a regional expert told NewNet is expected to generate between $500 and $550m.

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Mitsubishi Electric continues to expand solar business

Global electronics heavyweight Mitsubishi Electric has completed construction of a new photovoltaic (PV) cell production facility at its Nakatsugawa Works Iida Factory in Nagano Prefecture, Japan, the PV Cell Plant 2.

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Japanese oil major Showa Shell to rebrand as it aims for 1GW international solar sales

The Japanese arm of Royal Dutch Shell, Showa Shell, is to undergo a rebranding and expand into the US and European markets as it aims for 1GW annual sales of its thin-film solar technology.

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China Everbright launches $439m fund to invest in clean energy projects

Hong Kong-based China Everbright has established a RMB3bn ($439m) fund to invest in new energy projects, resources and affiliated enterprises.

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Chinese solar developer Yingli Green Energy to supply 285MW of modules to European integrator Gehrlicher Solar

NYSE-listed Chinese solar company Yingli Green Energy Holding Company Limited has signed a three-year framework agreement with European photovoltaic system integrator Gehrlicher Solar.

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Japan’s engineering giant Mitsubishi commits £100m to UK offshore turbine project

Japanese engineering firm Mitsubishi is to enter the UK offshore wind market with a £100m investment agreement signed with the government.

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P2 Solar forms alliance with South Korea’s OSolar over Indian PV project

Solar power plant developer P2 Solar has signed a letter of intent with South Korean photovoltaic engineering company OSolar to form an alliance for a 25MW solar project in Punjab, India.

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Clean energy investor Global Environment Fund invests in UPC Renewables to tap Chinese wind market

Clean energy-focused private equity firm Global Environment Fund (GEF) has invested $30m in UPC Renewables to develop wind energy projects in China.

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UN schedules extra meeting to revive climate change talks

The United Nations will host an extra round of climate change takes in Bonn, Germany, this April in an effort to revive climate change talks.

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Founders Club looks to recruit cleantech chairman ahead of portfolio launch

The Founders Club, a group of venture capital-backed CEOs and founders, is looking to recruit a cleantech chairman ahead of launching a dedicated portfolio, founder and general partner Andrew Romans told NewNet.

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