deals
16th March 2010
The Crown Estate’s Pentland First and Orkney Waters licensing round will echo the development of oil by Saudi Arabia in the area of marine renewables, according to Scotland’s First Minister Alex Salmond
16th March 2010
Swiss technology provider for the solar markets Meyer Burger has diversified its order book with a new CHF250m (€172m) contract from a customer in Asia.
16th March 2010
Pink Sheets-listed Atlantic Wind and Solar has successfully completed a $120m financing agreement with green energy funding company Canada Green ESCO, which it said paves the way for its wholly owned subsidiary Atlantic Solar to proceed with its photovoltaic projects and expand its foothold in the Ontario rooftop market.
16th March 2010
NASDAQ-listed clean technology financer Sustainable Development Technology Canada (SDTC) has announced it will award $2.5m in funding to a project led by Vancouver-based Pulse Energy to develop and demonstrate an intelligent energy management platform.
16th March 2010
A subsidiary of biomass power plant operator Dragon Power, National BioEnergy, will receive up to RMB28bn ($4.1bn) in funding from the China Construction Bank for it to construct facilities across China over the next five years.
15th March 2010
Energy companies E.ON and ScottishPower have received awards from the UK government as part of its on-going competition to develop a commerciallyviable clean coal project.
15th March 2010
Belgium transmission system operator Elia and infrastructure investor Australian Industry Funds Management (IFM) have agreed to purchase Nordic electricity generator Vattenfall’s German transmission grid for €810m and will work to ensure reliability of supply as offshore wind installations get added to the network.
15th March 2010
NYSE-listed solar (PV) photovoltaic manufacturer Trina Solar is to increase its yearly shipments to Italian turnkey solar plant provider ENERQOS.
15th March 2010
The Carbon Trust has invested £7m in the creation of a consortium of UK businesses led by Axion Energy to develop a commercially viable process to turn municipal and wood waste into transport biofuel.
15th March 2010
German superconducting materials developer Bruker Energy & Supercon Technologies (BEST) has acquired the assets of Aachen, Germany-based AIXUV, which develops extreme ultraviolet XUV and EUV systems for thin-film applications. The company said AIXUV has been relocated to the BEST operations base in Bergisch Gladbach but financial terms of the transaction were not disclosed.
15th March 2010
US biodiesel manufacturer Renewable Energy Group (REG) has completed the acquisition of two commercial-scale biodiesel plants, increasing its capacity to 122 million gallons per year (MGY).
15th March 2010
UK private equity buy-and-build specialist Sovereign Capital has acquired certain trading assets of Future Environmental Services in the first transaction for the recently-backed Euro Environmental Group, creating a UK provider of drain and sewer cleaning, inspection, surveying and repair services.
15th March 2010
US solar company First Solar has sold a 30MW photovoltaic solar project in New Mexico to electricity generator Southern Company and solar development company Turner Renewable Energy. Financial terms of the transaction were not disclosed.
15th March 2010
Hydroelectric and wind power plant operator Innergex Renewable Energy is one of the companies awarded power purchase agreements by Canada’s largest utility British Columbia Hydro (BC Hydro) under its recent clean power call.
12th March 2010
French solar company Solaire Durance, a joint venture between state-owned financial institution Caisse des Dépôts and French solar operator Solairedirect, has closed the financing of the Les Mées 1 and 2 photovoltaic solar parks in Provence for more than €100m.
12th March 2010
Renewable energy developer RES has secured a £76 financing deal with BNP Paribas and Lloyds Banking Group for its Hill of Towie wind farm in Scotland, the first large-scale project to benefit from the European Investment Bank (EIB)’s intermediated UK onshore wind scheme
12th March 2010
US biofuel company LyondellBasell’s wholly owned subsidiary, Lyondell Chemical Company, said it plans to raise $3.25bn of first priority debt, including an offering of senior secured notes in a private placement and borrowings under a senior term loan facility.
12th March 2010
US solar cell manufacturer SunPower, which recently committed to providing 200MW of solar capacity to Edison International, has been awarded two grants totalling around $1.5m from the California Solar Initiative Research, Development, Deployment and Demonstration (CSI RD&D) programme.
12th March 2010
Israel-headquartered biofuel developer Evogene’s revenues for fiscal 2009 nearly tripled to $10m at the end of the year, compared to $3.4m for the same period in 2008.
12th March 2010
The Yorkshire Forward board has committed up to £3.76m to fund drainage improvements on the Killingholme Marshes area of the South Humber Gateway to enable the development of the site into a hub for renewable energies.
12th March 2010
Seattle-based smart grid developer Powerit Solutions has completed its merger with Scandinavian counterpart, Sweden-based Diana Solutions.
12th March 2010
Global energy efficiency company Eltek Valere has signed a $12m frame agreement with an international mobile operator for deliveries of hybrid power solutions, under which Eltek will provide turnkey upgrades to power solutions on at least 460 existing sites.
11th March 2010
A subsidiary of Ormat Technologies has completed the acquisition of membership interests in Hot Sulphur Springs II in the US state of Nevada, which includes the Tuscarora geothermal project. No financial terms of the deal have been released.
11th March 2010
UK clean energy investor Carbon Trust Investment has invested £3m in Oxsensis, which develops high-temperature sensors, joining a group of existing investors that include Albion Ventures and Frog Capital.
11th March 2010
Sensata Technologies, a maker of sensor and controls technology for applications including alternative fuel vehicles and solar panels, has raised $568.8m from its initial public offering, with shares to be listed on the New York Stock Exchange tomorrow.
11th March 2010
Solar technology manufacturer SunPower will provide 200MW of solar power capacity to Edison International, equivalent to 80 per cent of the utility’s large solar photovoltaic (PV) installation programme. Financial terms of the deal have not been disclosed
11th March 2010
Energy major Siemens has won a €30m contract from the Dubai-based Federal Electricity and Water Authority to carry out the build and modernisation of substations in its northern emirates to improve the power supply network.
11th March 2010
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.
11th March 2010
US electricity provider NV Energy has signed a 20-year power purchase agreement with waste collector and recycler Waste Management for the sale of renewable energy produced from a landfill site located in Nevada.
11th March 2010
U.S. Geothermal has raised $8.6m as the result of a private placement of stock. The proceeds of the offering will be used by the company to further develop its Neal Hot Springs geothermal project and for general working capital purposes, it said.
10th March 2010
Spanish renewable energy company Acciona Energy has won a €450m contract to construct and operate three wind parks in the Mexican state of Oaxaca, beating rivals Iberdrola Renovables and Elecnor.
10th March 2010
Geothermal services company ThermaSource and Nevada, US-based renewable energy company Ram Power, through its subsidiary Polaris Energy Nicaragua, have announced a drilling contract for the geothermal development of the San Jacinto-Tizate Project in Nicaragua.
9th March 2010
Industrial power electronics company AEG Power Solutions has taken a majority stake in skytron energy. The amount of the transaction, which was paid in cash, is not being disclosed.
9th March 2010
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.
9th March 2010
NASDAQ-listed solar module manufacturer First Solar has signed a power purchase agreement to supply US energy utility Pacific Gas and Electric Company with renewable electricity from a 300MW utility-scale photovoltaic solar power facility that First Solar is developing in Southern California.
9th March 2010
Solar power developer Prime Sun Power has agreed to sell a 25MW solar photovoltaic power plant in Italy. The company said that the sale is expected to generate gross revenues of over €100m in 2010.
9th March 2010
Solar module manufacturer Solar Power has received an initial commitment of $24.7m in Recovery Zone Facility Bonds (RZFB) by Sacramento County
9th March 2010
US wind energy company First Wind has been awarded a $117m loan guarantee from the US Department of Energy (DOE) to finance the build of a 30MW Kahuku wind project in Hawaii.
9th March 2010
European solar module manufacturer Solon has closed a framework agreement for the supply of solar modules over several years with the solar distributor entrason.
9th March 2010
UK investment group Bridges Ventures has led an investment with green venture capital investor Carbon Trust Investments in AeroThermal Group, a Dorset, UK-based developer of an autoclave-based steam treatment technology for waste.
8th March 2010
Listed energy developer Bergamo Acquisition has announced a new, $500m solar power project for the Republic of Lebanon.
8th March 2010
Energy storage and clean fuel company ITM Power has signed an agreement with Dutch construction and infrastructure development company Ballast Nedam Sustainability Services for a pilot project showcasing the potential of hydrogen energy storage technology.
8th March 2010
AIM-listed investment firm Low Carbon Accelerator (LCA) has invested £500,000 in wind and solar power project developer Vigor Renewables in order to cash-in on UK feed-in tariffs (FITs).
8th March 2010
Future Fuels, an investment product focusing on renewable transport fuel from alternative investment boutique Future Capital Partners (FCP), has acquired a site and planning permission consent for its industrial scale plant in Grimsby, England.
8th March 2010
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.
8th March 2010
South Korea-based industrial group Daewoo Shipbuilding & Marine Engineering (DSME) has chosen Nova Scotia, Canada, for its North American production centre for wind turbine towers and blades. The operation will be located in Trenton, Pictou County, and is expected to be operational by fall 2010.
5th March 2010
Italian power utility Enel may merge its Spanish renewable energy assets and those of Endesa into its Enel Green Power subsidiary ahead of a possible sale this year, according to reports.
5th March 2010
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.
5th March 2010
Government-owned investment company Finnish Industry Investment has made a €6.6m investment in glass technology company Glaston, which supplies the solar industry.
5th March 2010
Spanish renewable energy company Proinsohas been awarded the supply of 3.2MW of various solar photovoltaic farms in Greece.