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15th March 2010
The Carbon Trust’s fund manager Threadneedle and developer Stanhope are to partner in a new fund that aims to significantly increase the availability of high specification low carbon commercial property in the UK.
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
Future Capital Partners, a £6bn alternative investment boutique, has appointed Esther Lewis as business development manager.
15th March 2010
The European Union said that it is on track to meet its commitment for 20 per cent of power production met by renewable resources by 2020. The EU is on course to surpass the target set out in the Renewable Energy Directive by 0.3 per cent, according to a recent forecast.
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.
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
European venture capital firm DFJ Esprit has hired Mikko Suonenlahti, who joins the team as a senior adviser, focusing on investments in the B2B and B2C software, medtech, bio-IT and energy efficiency sectors in the Nordic region.
12th March 2010
Profits more than doubled in 2009 for trading emissions and environmental products exchange Climate Exchange, jumping to £6.8m from £2.8m in 2008, despite falling volumes on its subsidiary Chicago Climate Exchange (CCX), according to its annual fiscal results.
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
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.
4th March 2010
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.
3rd March 2010
The UK government has launched a new green strategy setting out its plan to reduce carbon emissions produced from the household sector by 29 per cent.
2nd March 2010
US renewable energy company Acciona plans to invest around €3.8bn in energy, waste management, R&D and infrastructure between 2010 and 2013, according to its latest strategic plan.
2nd March 2010
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.
2nd March 2010
Energy efficiency company AEG Power Solutions has launched a new range of energy efficient standby power solutions for mission-critical facilities called Combination Architecture.
2nd March 2010
NYSE-listed specialty chemicals company Solutia is set to commence a $1.05bn senior secured financing to replace its existing senior secured term loan facility, due for repayment in February 2014 and its existing senior secured ABL facility due in February 2013.
2nd March 2010
US energy efficiency Shocking Technologies has closed an $8m series B financing round led by Vista Ventures. The funding round included participation from existing institutional shareholders Arch Ventures, ATA ventures, Balch Hill Capital and Vista Ventures as well as SkyLake Incuvest & Co of Korea.
2nd March 2010
The European Bank for Reconstruction and Development (EBRD) is making €90m in funding available under the existing Slovakia Sustainable Energy Finance Facility (SLOVSEFF) to ensure continuous implementation of energy efficiency and small renewable energy projects.
2nd March 2010
Renewables-focused asset manager Ludgate Environmental Fund’s share price continued to rise in 2009 to 95.5p in the fourth quarter of fiscal year, up from 94.5p in the third quarter and 93.8p in the second quarter.
2nd March 2010
UK private equity buy and build specialist Sovereign Capital Partners has invested in the £20m management buy-out of Euro Environmental Group (EEG), a Scottish based provider of drain and sewer cleaning, inspection and repair services.
2nd March 2010
ETF Venture Funds, an early stage venture capital firm that invests in innovation-driven companies in the healthcare, mobile, media and entertainment, environmental technology industries, has changed its name to SeventySix Capital.
1st March 2010
Researchers at the University of Central Florida’s (UCF) Advanced Materials Processing and Analysis Center have verified findings by Planar Energy that the company said could lead to cost and performance improvements in large format batteries required for practical electric vehicles.
1st March 2010
NYSE-listed specialty chemical company Solutia has reached a definitive agreement to purchase Etimex Solar, a wholly-owned subsidiary of Etimex Holding, which is controlled by funds affiliated with Alpha Gruppe.
1st March 2010
US power generation company AltaGas said the addition of the 102MW Bear Mountain Wind Park in October supported company earnings, and is expected to further add to earnings in 2010, which will be its first full year in service. The company’s power segment reported solid results despite the weakness in Alberta spot power prices.
1st March 2010
US clean power conversion and microgrid company Princeton Power Systems has appointed electrical utility veteran Stephen Morgan to its board of directors.
1st March 2010
US power generation company Titan Energy Worldwide has sold more than $1m of power generation equipment to the US government and military since the beginning of 2010, accompanied by one to three year service agreements for Titan Energy to provide maintenance and repair services for the equipment.
1st March 2010
Berlin-based clean energy storage specialist Heliocentris Fuel Cells has secured a further order for the supply of its technology to the PAEET (Public Authority for Applied Education and Training) training centre in Kuwait.
26th February 2010
Canadian renewable energy developer Northland Power Income Fund reported consolidated sales in the fourth quarter of 2009 of $59.8m, while income from operations was $19.6m, which it said reflected additional sales revenue from Northland Power’s management services, the Beaver Cove chipping facility and the 128MW Jardin d’Eole wind farm that became operational in November 2009.
26th February 2010
California-based green buildings materials business CalStar Products has closed a $15m equity investment led by Nth Power, which included new investors The Westly Group and Clearpoint Capital as well as continuing investors Foundation Capital and EnerTech Capital.
26th February 2010
NYSE-listed manufacturer SPX Corporation, whose product portfolio contains energy efficient products including cooling systems for power plants, has completed the acquisition of European processing systems manufacturer Gerstenberg Schroder. The terms of the transaction were not disclosed.
26th February 2010
Euronext-listed renewable energy developer EDP Renováveis’ yearly net profits increased ten per cent in 2009 to €114m, up from €104m in 2008.
26th February 2010
Dutch energy technology company Avantium has appointed Dr Jan van der Eijk to its supervisory board.
26th February 2010
NYSE-listed US energy project developer Fluor Corporation’s profit growth in its Government & Power and Oil & Gas segments, which matched or exceeded 2008 results, were offset by declines in its Global Services and Industrial & Infrastructure segments.
25th February 2010
US private equity firm Navigation Capital Partners (NCP) has acquired smart grid infrastructure upgrade provider Specialized Technical Services (STS).
25th February 2010
US electric service provider Con Edison has launched new programmes to help large businesses cut their energy costs, while helping the environment and earning financial incentives. The goal of the programmes is to reduce peak electric use during New York City’s hottest summer days by 200MW, said the company.
25th February 2010
The California Energy Commission has unveiled a $90m Clean Energy Manufacturing Program to assist clean energy companies in the state.
25th February 2010
Cleantech advisory business AltaTerra Advisors has officially opened for business in the city of Vancouver, British Columbia, Canada.
25th February 2010
Links forged during GreenRoad’s previous fundraising process initially sparked its recent $10m deal with long-term investor Generation Investment Management, the driving safety technology firm told NewNet.
24th February 2010
Energy efficiency company Luminus Devices, which designs, develops and manufactures LEDs, has received $19m in a venture funding round led by current investors Argonaut Private Equity, Braemar Energy Ventures, Paladin Capital Group and Stata Venture Partners.
24th February 2010
Transmission Developers (TDI) plan to develop a renewable power transmission line supplying New York and New England from the US-Canadian border.
24th February 2010
The UK government is encouraging improved energy efficiency in buildings by introducing the first mandatory UK-wide carbon trading scheme, the CRC (Carbon Reduction Commitment) Energy Efficiency Scheme, in April 2010 according to reports.
23rd February 2010
US radio transmission company International Broadband Electric Communications (IBEC) and the Puerto Rico Electric Power Authority (PREPA) have jointly launched the Smart Grid Broadband-over-Power Lines Communications Pilot Program.
23rd February 2010
Driving safety technology company GreenRoad has secured $10m in financing from Generation Investment Management to support the expansion of its business.
23rd February 2010
Cyclone Power Technologies and licensee Phoenix Power Group announced have joined forces with waste oil furnace developer Clean Burn to develop and market the first commercial electric generator system running on waste fuel.
23rd February 2010
California-based wireless lighting control and energy management solutions, Adura Technologies, has closed a new $12m funding round.
23rd February 2010
Electrical power analytics and management system developer EDSA has named Ken Wood to its newly-created position of business executive overseeing its Paladin SmartGrid operations.
23rd February 2010
The Hawaii Public Utilities Commission has approved a new method for setting electric rates designed to encourage a clean energy economy for Hawaii.
22nd February 2010
Environmental Technologies Fund (ETF) has appointed Robert Genieser as a partner in the firm’s London office.
22nd February 2010
California-based NASDAQ-listed energy efficiency technology developer Power-One and Gores Group-backed Lineage Power, have entered into a non-exclusive, worldwide, field of use agreement for digital power technology patents from Power-One.
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'--- 1 Comment
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