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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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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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Biopower Systems secures access to commercial scale wave energy site in Australia

Australian ocean energy company BioPower Systems has secured land access, onshore development rights and project intellectual property for a commercial-scale wave energy site located near the town of Port Fairy, Victoria.

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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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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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AGL signs agreement with New Zealand’s Meridian Energy for Macarthur wind farm

Australian electricity giant AGL has entered into conditional arrangements for the construction of the Macarthur wind farm with New Zealand’s Meridian Energy following the government’s proposed changes to the renewable energy target (RET) scheme.

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Solar market posts mixed results for 2009 and warns of uncertainties to come

After a hectic week of full-year reports flooding into the market, the outlook for solar module and fuel cell manufacturers in 2010 looks mixed, with many still building up defences against the ongoing economic turbulence.

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Australian policy change puts wind projects back in picture for energy retailer AGL

Australia’s largest electricity retailer AGL told NewNet that changes to the government’s renewable energy policy will mean a U-turn in its earlier announcement today that it was to put its wind development projects on hold.

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Australian biodiesel company Mission NewEnergy completes $7.9m private placement

Australian biodiesel refiner Mission NewEnergy has completed a private placement of AUD$9m ($7.9m).

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Contact and Taheke 8C to develop New Zealand geothermal plant

New Zealand-focused geothermal company Contact Energy and the proprietors of geothermal company Taheke 8C and Adjoining Blocks have agreed to jointly appraise and develop the Taheke geothermal field near Rotorua.

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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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Half year revenues up for Ceramic Fuel Cells on back of strong sales

First half revenues at Australian electricity generation solution provider Ceramic Fuel Cells (CFC) rose to AUD$1.5m (£900,000), up 57 per cent on the corresponding period the previous year, due to expansion of its European activity.

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Private equity-backed SLR Management acquires Australian environmental consulting company Heggies

3i-backed UK independent environmental consultancy SLR Management has acquired Australian environmental consulting services provider to the infrastructure, natural resource and land development sectors, Heggies.

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Contact Energy proposes new 250MW geothermal plant

New Zealand power company Contact Energy’s application for a fast-tracked resource consent for its 250MW Tauhara geothermal power station will be the first to be considered by New Zealand’s Environment Minister Nick Smith under the new Environmental Protection Authority (EPA) process.

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UN climate change head Yvo de Boer to join KPMG

United Nations Framework Convention on Climate Change (UNFCCC) executive secretary Yvo de Boer will resign and join KPMG as climate change adviser in an effort to reach out to the business community after politicians failed to agree on binding measures at the Copenhagen summit.

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R&D firm 3M partners with new green technology innovator MAMA Sustainable Incubation

Technology innovation firm 3M has entered into a strategic relationship with MAMA Sustainable Incubation, a newly formed technology incubator based in Germany that specialises in developing solutions for the renewable energy markets. Financial terms of the transaction were not disclosed.

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Wind turbine manufacturer Suzlon Group reports 3Q revenues of $1.21bn

Wind turbine manufacturer Suzlon Energy reported consolidated revenues of INR55.90bn ($1.21bn) for the third quarter of fiscal 2009-10, compared with INR69.22bn ($1.28bn) for the third quarter of fiscal 2008-09. It also said profit after tax for the quarter stood at INR141m ($3.05m).

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Solverdi Worldwide affirms net profit in fourth quarter

Renewable energy utility Solverdi Worldwide’s net profit was estimated at AUD$367,555 ($335,142) for the fourth quarter of 2009.

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Carnegie Wave Energy launches Australia’s first commercial scale wave energy unit

Australian wave energy developer Carnegie Wave Energy has launched its Perth Wave Energy Project at its Wave Energy Research Facility in Fremantle, Western Australia. According to Carnegie, it will be the first commercial scale wave energy unit to be deployed in Australia.

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Western nations commit $3.5bn to combat deforestation

The UK, US, Australia, France, Japan and Norway have collectively agreed to dedicate $3.5bn in initial fast-start public financing towards slowing, halting and eventually reversing deforestation in developing countries, in the context of a comprehensive outcome in Copenhagen.

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Global governments commit $4bn to carbon capture and storage projects worldwide

The US and Australian governments and the EU have committed more than $4bn in support for 13 carbon capture and sequestration demonstration projects. The projects being supported include power plants of about 300MW.

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Carnegie Wave Energy gets go-ahead for Australian marine energy project

Wave energy developer Carnegie Wave Energy has executed a licence deed with the State of Western Australian Government for access to a designated area of seabed in waters to the west of Garden Island off Perth, Western Australia.

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Pacific Equity Partners makes Energy Developments takeover offer of $2.75 per share

Australian private equity firm Pacific Equity Partners (PEP) has made a takeover cash offer of $2.75 per share to renewable energy company Energy Developments through its portfolio company Greenspark Power Holdings.

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NZ Windfarms reimburses Windflow Technology NZ$1.8m

Wind turbine producer Windflow Technology has received a NZ $1.8m payment from renewable operator NZ Windfarms.

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Renewable fuel company Solverdi Worldwide establishes Mediterranean operations

Renewable fuel company Solverdi Worldwide has named Hasan Ozbalfi division president of its Mediterranean Operations and secured offices in Kyrenia, Cyprus.

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Ocean Power Technologies receives AUS$66.5m

Subsidiary of Ocean Power Technologies, Ocean Power Technologies Australasia (OPTA), in partnership with Leighton Contractors, has received a AUS$66.46m grant from the federal government of Australia to build a 19MW wave power project off the coast of Victoria, Australia.

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Profitable third quarter for environmental services company Sancon

Sancon Resources Recovery, an environmental services and waste recycling company with operations in both China and Australia, has released results for its 2009 third quarter ended 30 September, 2009.

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Australian Paralana geothermal project awarded $62.8m (€38.9m)

The Paralana Geothermal energy project, run by Petratherm and joint venture partners Beach Petroleum and TRUenergy Geothermal, has been awarded a grant of around AUS$62.8m (€38.9m) from the Australian Government’s Renewable Energy Demonstration Program.

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GE Oil & Gas wins contract for world’s largest carbon sequestration project

GE Oil & Gas has been awarded a contract to carry out the world’s largest CO2 capture and storage project as part of a $400m natural gas contract at the Gorgon liquefied natural gas (LNG) site in Australia.

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Merck and Dyesol partner to develop dye solar cells

Merck and Dyesol have agreed to collaborate together in order to develop electrolytes for use in next generation dye solar cells, according to a statement.

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Acciona completes Australia’s largest wind energy facility

Spanish wind farm developer Acciona has completed installing the 192MW Waubra wind park in Victoria, Australia.

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Australian energy utility AGL listed on Carbon Disclosure Leadership Index

Australian energy utility AGL Energy has been listed on the Carbon Disclosure Project’s Carbon Disclosure Leadership Index (CDLI) as one of Australia’s leading companies in disclosing its risks and opportunities related to climate change and greenhouse gas emissions.

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Australian energy company Hot Rock targets Chilean geothermal market

Australian geothermal provider Hot Rock Limited (HRL) has commenced active involvement in the geothermal energy sector in Chile with the registration of the company’s Chilean subsidiary based in Santiago, Chile.

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Cleantech investors flock to Asian market amid hopes of a growth boom

Cleantech investors are flocking to the Asian market amid expectations that the Asian environmental market is on the brink of a growth boom. Following the launch of its Asian environmental investment trust, Impax Asset Management believes that a growing need for electricity will make Asia a hot global contender for a cleantech explosion.

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Industrial biotechnology can slash carbon emissions by 2.5 billion tonnes a year

Industrial biotechnology can slash greenhouse gas emissions by 2.5 billion tonnes per year and play a key role in building a green economy, according to a new report by WWF.

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Investors call on policy-makers to encourage low-carbon investment

The world’s largest global investors grouped together to call upon international policy makers to take strong action in the fight against global warming.

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Windlab Systems receives $10m investment from Lend Lease Ventures

Wind energy company Windlab Systems has received a $10m capital investment from Australian company Lend Lease Ventures to expand its operations ahead of a planned IPO in 2011.

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Lord Stern report argues economic recovery unleashes opportunity for low carbon growth

Countries that are able to adapt quickly to a carbon-restrained world will offer lasting prosperity for their citizens, a new report states.

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Solverdi Worldwide experiences positive financial period since last year’s formation

Renewable energy company Solverdi Worldwide has posted successful financial results since the company formed following the alliance between ABG and White Mountain last December.

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World Bank Group’s renewable energy and energy efficiency financing hits $3.3bn

The World Bank Group saw its financing of renewable energy and energy efficiency projects and programmes across the developing world rise by 24 per cent in the last fiscal year to hit $3.3bn, the banks highest ever.

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Cheaper renewable energy to come from Australian geothermal grid connection, according to report

A new report shows electricity customers in Australia will reap the rewards of early investment linking geothermal projects in the northern part of South Australia to the National Electricity Market (NEM).

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TrustPower and Department of Conservation amend hydro project conditions in New Zealand

TrustPower and the Department of Conservation have struck an agreement on amended resource consent conditions that address the Department’s concerns about TrustPower’s proposed Wairau hydro scheme in New Zealand.

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Australia’s largest solar power system is opened at the Adelaide Showground

Mike Rann, premier of South Australia, was at the Adelaide Showground to officially open the country’s largest solar power station.

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AGL Energy chosen to supply renewable energy to South Australian desalination plant

Renewable energy company AGL Energy has been selected to supply renewable energy to a new 100 gigalitre desalination plant in South Australia.

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Australian energy company Origin begins generation at 30MW Cullerin Range Wind Farm

Australian integrated energy company Origin, has begun generation from its 30MW Cullerin Range Wind Farm, New South Wales.

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Renewable energy company EnviroMission has listed its American Depository Receipts on OTCQX

Australian renewable energy company EnviroMission Limited has chosen to list its American Depositary Receipts (ADRs) on OTCQX.

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Renewable energy company Accensi Party completes $1.6m acquisition of Solverdi’s Narangba renewable fuel refinery

Renewable energy company Solverdi Worldwide has completed the sale of renewable fuel refinery Narangba Refinery to chemical formulation company Accensi Party in a deal worth $1.6m.

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Clean Energy Council welcomes Australian Renewable Energy legislation

The Australian senate has approved the Rudd Government’s landmark Renewable Energy Target (RET) legislation to ensure 20 per cent of Australia’s stationary energy will come from renewable energy sources by 2020.

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Australia’s ups renewable energy target to 20 per cent by 2020

The Australian government has passed a clean energy law calling for 20 per cent of its total electricity needs to come from renewable sources by 2020, according to reports.

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