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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.
25th February 2010
Renewable energy sources remain a strong focus of European governments with a variety of incentive schemes being deployed, according to a new study by commercial law firm CMS Hasche Sigle.
25th February 2010
The notion of high risk means many cleantech investors are unwilling to venture into the developing countries. For Norwegian state-owned Norfund, however, addressing the lack of risk capital in developing countries lies at the very core of its activities.
‘Many countries face large power deficits, and if economic growth and poverty reduction is to be sustained, massive investments are required.’
3rd February 2010
William D Rogers has resigned as CFO and treasurer of US energy holding company NYSE-listed NV Energy, the parent company of Nevada Power Company and Sierra Pacific Power Company.
18th January 2010
Now is a favourable time to invest in British sustainable energy to lever the global renewable energy market, according to the UK Trade & Investment body.
12th January 2010
New York-based Macquarie Capital Funds, the specialist funds management division of Macquarie Group, has appointed of Bill Green as senior managing director. Green will lead the expansion of the firm’s team focused on making and managing investments in renewable energy infrastructure in North America.
10th December 2009
US consulting firm Tatum has appointed Daniel Dwight to lead the firm’s growth in the fields of clean technology and renewable energy. Dwight is to assume the roles of partner and cleantech and renewable energy segment leader with responsibility for managing the firm’s cleantech and renewable energy consulting practice, while also providing strategic, operational and financial leadership experience to clients.
23rd September 2009
American Superconductor Corporation, a global energy technologies company, has launched AMSC Korea to tackle growing South Korean wind energy and power grid markets.
23rd September 2009
Haywood Dorland Energy Capital, a private equity firm focusing on renewable energy, has added to its management team.
17th September 2009
Governor Arnold Schwarzenegger signed an Executive Order directing the California Air Resources Board to adopt regulations increasing the state’s Renewable Portfolio Standard to 33 per cent by 2020 - first established by the Governor’s directive last year.
15th September 2009
Kutak Rock LLP has formalised the Alternative and Renewable Energy Group, a collection of corporate and corporate finance attorneys dedicated to serving the green energy industry.
15th September 2009
Independent Energy Producers executive director Jan Smutny-Jones and around 30 IEP members will join Californian Governor Arnold Schwarzenegger when he signs an executive order establishing the nation’s most ambitious renewable energy standard.
14th September 2009
Clean Energy Capital Advisors and National Securities Corporation, a subsidiary of National Holdings Corporation, have struck a strategic affiliation to provide investment banking and financial advisory services to renewable power companies.
14th September 2009
Renewable energy company Solverdi Worldwide has posted successful financial results since the company formed following the alliance between ABG and White Mountain last December.
11th September 2009
GWS Technologies, an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions and headquartered in Arizona, US, welcomed the ruling by the Maricopa County Superior Court affirming that the Arizona Corporation Commission has the authority to set renewable energy standards and allow utilities to collect tariffs to meet them.
10th September 2009
Renewable energy investors Reservoir Capital has completed a non-brokered private placement financing of $5m through the issuance of 8.3 million units.
9th September 2009
Statkraft, a Norwegian renewable energy group, expressed delight that hydropower has been given the same status as other renewable energy sources in the new Norwegian-Swedish green certificates system.
9th September 2009
Sentinel Capital Partners, a private equity firm focused on middle-market companies, has made an investment in Precision Pipeline Solutions. The companies declined to divulge financial details.
9th September 2009
The Asian Development Bank is set to ramp up its spending on pollution-reduction projects in Asia, according to reports.
9th September 2009
Renewable energy plant designers Argan has reported mixed financial results for the second quarter of the year with revenue primarily coming from the company’s Gemma Power Systems.
9th September 2009
Kittitas County in Washington, US has teamed up with Central Washington University, the Economic Development Group of Kittitas County, Puget Sound Energy and enXco to create a public-private partnership focused on renewable power.
8th September 2009
Ethos Fund has launched a new green energy loan programme that offers loans between $250,000 and $5m to commercial renewable energy developers of 10-200KW systems in West Coast markets, US.
8th September 2009
Istanbul-based Rhea Investment, a private investment office with operations in the renewable energy sector, is set to purchase all of the controlling shares of Vakif Risk Sermayesi Yatirim Ortakligi, an Istanbul Stock Exchange listed joint stock company.
7th September 2009
Philippines-based renewable energy company Energy Development Corporation (EDC) has linked up once again with Filipino conglomerate, Ayala to bring its ‘Binhi: Tree for the Future’ programme inside the prime Nuvali eco-community in Laguna, Philippines.
7th September 2009
Renewable energy investment company Future Capital Partners has appointed Trevor Castledine as its new COO.
4th September 2009
With the debate over US energy policy now at a fever pitch, the Worldwatch Institute, a Washington-based international environmental research organisation looks at the effect the new administration is having on efforts to create a greener economy.
3rd September 2009
Clean energy investment company Impax Group has appointed Vince O’Brien as a non-executive director.
2nd September 2009
KBR, an engineering and construction services company, said T Kevin DeNicola, senior vice president and CFO, will step down from his post effective with the filing of the company’s third quarter 10-Q.
2nd September 2009
Iberdrola Renewables has received US Treasury Department approval of five grants totalling $294,889,003 supporting new wind energy projects in four states. These grants represent investment by the Oregon, US-based company of approximately $1bn in US wind power.
2nd September 2009
Solverdi Worldwide Ltd, a renewable energy utility, has acquired 100 per cent of the stock in Aristos International, a data center services design and build firm, for five million ordinary shares of Solverdi at $0.13 per share.
1st September 2009
Mark J Riedy has joined international law firm, Mintz Levin Cohn Ferris Glovsky and Popeo at its Washington DC office as a member in the corporate practice and energy and clean technology practice group.
1st September 2009
The Gulf region is exploring alternative sources of energy as the world braces itself for $45tn in renewable investments over the next 40 years to balance energy options, according to reports.
1st September 2009
Norway’s $400bn sovereign wealth fund has upped its exposure to environmentally responsible companies in a bid to tackle climate change, according to reports.
27th August 2009
ITC Holdings Corp. and NorthWestern Energy have signed an expression of interest to collaborate on development of ITC’s seven-state Green Power Express transmission project.
27th August 2009
Forestry and timber product company Södra has signed an agreement of intent with renewable energy company Statkraft to initiate a range of renewable energy investment projects. The €1bn deal will see the two companies develop projects in the wind power, district heating and biofuels sectors as well as electricity supplies.
27th August 2009
Australian renewable energy company EnviroMission Limited has chosen to list its American Depositary Receipts (ADRs) on OTCQX.
27th August 2009
US Energy Secretary Steven Chu has selected 25 cost-share projects under the Clean Cities programme that will be funded with nearly $300m from the American Recovery and Reinvestment Act.
26th August 2009
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.
25th August 2009
Renewable energy technology developers GE Energy has signed a multi-year service contract worth $45m with the Dubai Aluminium Company (DUBAL) to maximise the reliability and overall performance of 19 GE Energy gas turbines that power the DUBAL production complex.
25th August 2009
Equity research firm GC Research has appointed Adam Hinckley as senior vice president covering clean technology, including solar, wind, fuel cells and smart grid.
25th August 2009
Renewable energy company Finavera Renewables are able to commence development of four renewable energy projects following the announcement of energy purchase agreements for the British Columbia Hydro Clean Power Call.
24th August 2009
Karl W Miller, a senior energy executive and institutional investor, has slammed the idea that the US economy is now showing signs of meaningful recovery and says the energy industry will not go by unscathed.
21st August 2009
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.
20th August 2009
Vivek Tandon discusses the importance of strong management, why he feels the recycling sector is underveloped, and the opportunities for investment in Asia.
‘Whereas previously our model was taking a lot of European companies into Asia and expanding in that way, in the future I see it going the other way. Great technology developed in Asia and companies doing very well in Asia will acquire European companies and expand into Europe, even if there is a global slowdown.’
20th August 2009
US energy utility NV Energy has announced it has issued a Request for Information (RFI) regarding proposals for deliveries of an array of renewable energy resources.
19th August 2009
International infrastructure and funds manager, Macquarie Group and Chinese financial conglomerate, Everbright have entered into a joint venture to establish two funds to invest in infrastructure businesses in Greater China with a focus on core infrastructure.
19th August 2009
New Jersey-based solar farm developer, Zebasolar has been chosen as one of the allotted companies to provide a 10MW solar photovoltaic power station for India’s first major allocation of solar farms in the state of Gujarat.
19th August 2009
Renewable energy technology developer Cyclone Power has completed the development and testing of its first generation Mark II engine, a two-cylinder external combustion engine designed for small scale electric power generation.
19th August 2009
Nevada Geothermal Power (NGP), a US-based geothermal energy developer said construction of its 49.5MW Blue Mountain ‘Faulkner 1′ geothermal power plant has been completed.
19th August 2009
Maine, US-based electric utility, Bangor Hydro Electric Company submitted an application for federal stimulus funding from the US Department of Energy to bring smart grid advancements to its electricity customers. Bangor Hydro is requesting $4.3m in grant funding for its proposed $8.8m smart grid project.
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.'