RENEWABLE ENERGY NEWS – CLEANTECH NEWS – ENVIRONMENTAL TECHNOLOGY NEWS ESSENTIAL INTELLIGENCE FOR INVESTORS, INNOVATORS & DEAL-MAKERS

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UK-based recycler OSS up for sale?

6 September 2010

OSS, a UK-based recycler of waste lubricating and fuel oils that are reprocessed for use in power plants, is to be sold from its private equity owner Dunedin, according to reports.

JIT Solaire pursues further growth with AXA Private Equity investment

6 September 2010

AXA Private Equity has made a €3m investment into France-based photovoltaic solar energy company JIT Solaire.

JGC becomes first Japanese company to invest in concentrating solar power

6 September 2010

Engineering group JGC has become the first Japanese company to invest in concentrating solar power, forming a partnership with Abengoa Solar to jointly own two 50MW concentrating solar power plants in El Carpio in Córdoba, Spain.

Renewable Energy Holdings sells German wind assets for €40m

6 September 2010

Renewable Energy Holdings has entered into an agreement to sell its interests in two wind projects to Allianz Renewable Energy Management in order to raise capital to develop its other portfolio projects.

Cool Planet Biofuels raises $3m to develop carbon neutral biogasoline

6 September 2010

California-based developer Cool Planet Biofuels raised $3m in a recent round of funding, according to reports.

Ram Power finalises takeover of Sierra Geothermal

6 September 2010

Nevada-headquartered geothermal company Ram Power has completed the takeover of Vancouver-based developer Sierra Geothermal Power, following last week’s approval of the transaction by Sierra stakeholders.

Magma Energy acquires further shares in HS Orka, nears takeover

6 September 2010

Magma Energy Sweden, a wholly-owned subsidiary of Magma Geothermal, has closed the final portion of a previously announced agreement to acquire further shares of Iceland-based geothermal company HS Orka, resulting in it now holding a 98.53 per cent interest.

University energy efficiency start-up Ambiq Micro secures funding

3 September 2010

The University of Michigan’s Frankel Commercialization Fund has provided an initial investment to a spin-out focused on the development of next generation energy-efficient microcontrollers aimed at extending the battery life of wireless devices Ambiq Micro.

Biofuel assets continue to show value as Mascoma purchases SunOpta division

3 September 2010

The announcement that a division of Canada-based SunOpta has been sold to Mascoma for $51m shows biofuel assets continue to demonstrate value to the to developers within this technology bracket.

Amtech shares rise after record 2010 solar orders hit $157m

3 September 2010

Tempress Systems, the solar power-focused subsidiary of global automation and solar product supplier Amtech Systems,has secured about $37m in new orders for its diffusion processing solar power systems from new and existing customers in Asia.

Nevada Geothermal Power looks to raise $9.4m through share placement

3 September 2010

Nevada Geothermal Power said it hopes to raise up to CAN$10m ($9.4m) through a non-brokered private placement in which it will sell 20 million of its shares at CAN$0.50 ($0.47) each after recording heavy losses earlier in the year.

Insituform Technologies secures $5.9m wastewater pipeline rehabilitation contract from Calgary City

3 September 2010

Wastewater company Insituform Technologies has been awarded a $5.9m wastewater pipeline contract from the city of Calgary in the Canadian province of Alberta.

Cisco Systems plans to acquire web-based smart grid technology developer Arch Rock

3 September 2010

Communication technology major Cisco Systems plans to acquire Arch Rock, a privately-held developer of internet protocol-based wireless network technology for smart-grid applications based in San Francisco.

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.

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.

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.

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.

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.

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.

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.

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.

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.

BNP Paribas Clean Energy Partners buys Gortahile Windfarm, focuses attention on Ireland

31 August 2010

Gortahile Windfarm, which owns and operates a 20MW project in County Laois, has been acquired by the fund managed by BNP Paribas Clean Energy Partners as a cornerstone investment to its Ireland portfolio.

DelSolar conducts IPO, cements five-year wafer supply agreement

31 August 2010

Taiwan-based solar energy company DelSolar has secured a second long-term wafer supply contract with GCL Solar Energy Technology after listing its shares in an initial public offering last week on the Taiwan Stock Exchange.

Fortum acquires 40 per cent stake in Blaiken wind project

31 August 2010

Nordic-focused energy company Fortum has acquired a 40 per cent stake in the Blaiken wind farm, one of the largest onshore projects under development in Europe, the remaining 60 per cent of which is held by Swedish energy company Skellefteå Kraft.

GoSolarUSA sponsors development of charging device

27 August 2010

GoSolarUSA has inked another deal to configure energy development start-up PREE’s innovative proprietary PREEcharge technology, which captures electrons from local area network (LAN) and Bluetooth waves to convert power to recharge batteries for wireless devices.

Electric vehicle battery developer ReVolt secures $6.8m from US authorities

27 August 2010

Rechargeable battery developer for electric vehicles ReVolt Technology has secured a $6.8m loan and tax credit package from authorities in Oregon and Portland in the US.

Ameresco acquires energy services company Quantum

27 August 2010

Renewable energy services company Ameresco has agreed to purchase Oregon and Washington-focused energy services company Quantum Engineering and Development.

Cleantech Invest partially exits SiC Processing

27 August 2010

Swiss-headquartered growth capital fund Cleantech Invest has sold a stake in SiC Processing in a trade sale to Nordic Capital Fund VII.

Doughty Hanson buys shares in Sustainable Energy Technologies

27 August 2010

Doughty Hanson Technology Ventures has acquired a significant stake and additional warrants to purchase shares in next generation solar inverter manufacturer Sustainable Energy Technologies for gross proceeds of $500,000, as part of a deal announced earlier in the month.

Low energy lighting company Lumenergi raises $12.7m

26 August 2010

Energy efficient lighting developer Lumenergi has raised $12.7m in Series B funding in a round led by Braemar Energy Ventures and joined by Townsend Venture Capital in addition to return backers Low Carbon Accelerator and Noventi Ventures.

Food business Bunge invests in renewable oil developer Solazyme

26 August 2010

Agribusiness Bunge has joined a funding round for US-based industrial algae biofuel company Solazyme.

Finavera sells grid connection to SSE, agrees to develop Ireland’s largest onshore wind farm

26 August 2010

Canadian developer Finavera Renewables has signed a co-development agreement with Scottish and Southern Energy (SSE) Renewables and Ireland state-owned renewables company Coillte, to jointly develop the 105MW Cloosh Valley wind project in the County Galway region of Ireland.

Electric vehicle infrastructure developer Chargemaster looks to close VC funding in 2010

26 August 2010

UK electric vehicle infrastructure developer Chargemaster will look to secure venture capital funding by the end of the year, NewNet has learned.

California Energy Commission awards first clean energy loan, issues $1.6m in research grants

26 August 2010

The California Energy Commission has approved the first loan from the Clean Energy Business Financing Program (CEBFP) to a Silicon Valley solar cell manufacturing facility and awarded more than $1.6m in funding to a variety of energy and water conserving research projects.

Cosan and Shell sign binding joint biofuel venture agreement

25 August 2010

A $12bn joint venture between Shell International Petroleum and Brazilian biofuel company Cosan is a step closer to being realised as the two companies have this week signed a binding agreement.

Suntech agrees to develop solar project in South Africa

25 August 2010

Suntech Power has agreed to develop several solar plants in South Africa with a domestic company in a deal rumoured to reach up to $1bn.

TierPoint obtains $8.2m financing for environmental data centre

25 August 2010

Data services provider TierPoint has secured $8.2m in debt financing from Bank of America, Evergreen Business Capital and the Small Business Administration, in addition to an internal cash infusion, which it will use to build an environmentally-friendly data centre.

Pennsylvania State University gets five years federal funding for Energy Innovation Hub

25 August 2010

A team led by Pennsylvania State University has been granted a funding package from the US Department of Energy of up to $122m that will be awarded over the next five years to help it establish an Energy Innovation Hub.

Petrobras invests in KL Energy’s technology to develop bagasse biofuel process

25 August 2010

The US arm of Brazilian energy producer Petrobras and biofuel developer KL Energy have agreed to work together to optimise KL’s proprietary cellulosic ethanol process technology for sugarcane bagasse feedstock under a new joint development agreement.

EBRD co-finances Moldova electric transport roll-out

24 August 2010

The European Bank for Reconstruction and Development (EBRD) will finance the introduction of electric trolleybuses in Moldova’s capital city Chisinau.

South African energy utility Eskom to issue 100MW wind turbine tender

24 August 2010

South Africa’s state-owned utility Eskom will launch an international turbine tender for its first utility-scale wind farm towards the end of the year or early in 2011, NewNet has learned.

US Export-Import Bank funds Honduras wind farm

24 August 2010

The US Export-Import Bank (Ex-Im) said it will finance Energía Eólica de Honduras’ purchase of 51 Gamesa wind turbines for the first utility-scale wind project in Honduras with a $159m loan.

Applied Ventures buys stake in solar inspection system provider BT Imaging

23 August 2010

Applied Materials’ early-stage technology backer Applied Ventures has taken an equity stake in Australian supplier of inspection and quality control systems for the photovoltaic manufacturing industry BT Imaging.

National Clean Fuels buys China National Solar to expand country foothold

23 August 2010

Clean technology developer National Clean Fuels has acquired China National Solar, a company focused on the growth of solar technology and manufacturing in China.

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