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10th March 2010
AIM-listed Modern Water said its entrance into the Chinese market and the deployment of its technology in Gibraltar and Oman were key factors in the company moving towards commercialisation during 2009, its executive chairman Neil McDougall told NewNet.
9th March 2010
Chinese domestic water treatment equipment supplier Duoyuan Global Water has appointed engineering and construction specialist David Nickols to its board of directors.
4th March 2010
The UK is to map the offshore renewable energy potential around its south west coast to assess the potential of wave, tidal and offshore wind installations up to 2030.
3rd March 2010
UK water utilities will offer further upside potential in the short-term, according to an independent asset management group.
11th February 2010
If the global economy continues to expand at the same pace without efficiency improvements, worldwide annual water consumption would have to rise from the present 4,500 cubic kilometers to 6,900 cubic kilometers in 2030, which is 40 percent more than the amount of available water reserves. Asset management firm SAM sees particularly attractive investment opportunities in areas such as efficient irrigation and advanced treatment of wastewater for subsequent reuse.
26th January 2010
UK equity capital firm Catapult Venture Managers has invested £1m into UK water monitoring device developer Intellitect Water Holdings as part of a £2m funding round alongside existing investors.
14th January 2010
SwissINSO Holding has launched a new solar-powered water purification unit. According to the company the product is capable of purifying seawater into 100,000 litres per day of high quality drinking water.
8th January 2010
Clean water technology company HaloSource has raised $10m from new investors to support the further commercialisation of its water purification business.
16th December 2009
Asset management firm Titanium Asset Management and environmental investment manager Impax Asset Management Group have launched two new funds, the Impax Green Markets Fund, and the Titanium Impax International Green Fund. Both funds will invest globally in quoted companies that, according to Titanium and Impax, ‘provide cleaner or more efficient delivery of services in the alternative energy, water and waste sectors’. The funds will be distributed to US institutional investors.
25th November 2009
The World Bank has approved a $60m loan to rehabilitate three hydroelectric power plants in Ukraine.
24th November 2009
Crown Princess Mette-Marit of Norway has inaugurated Statkraft’s first osmotic power prototype, which the company claims is a world first.
3rd November 2009
Tiger Infrastructure Partners, a new US infrastructure private equity firm, has launched to take advantage of private mid-market opportunities in North America and Europe in the energy, power, water, waste, transportation and communications sectors.
2nd November 2009
The European Investment Bank (EIB), the long-term lending arm of the European Union, has allocated $211m in project finance loans to Gas de France-Suez Group to develop three hydroelectric facilities in Panama.
29th October 2009
The UK South West Regional Development Agency (South West RDA), a public agency devoted to business development in the region, has invested £1.2m in in a wave tank testing facility.
29th October 2009
Scottish Renewables, a trade association for the Scottish green power industry, has welcomed the findings of a joint government and industry report outlining development plans for the marine energy industry. According to the association, the report’s recommendations could create 12,500 jobs in the sector by 2020, endorsing calls for increased stimulus funding for the sector, including a repeat of the Wave and Tidal Energy support scheme, which could mean that Scottish wave and tidal generators receive more revenue for the electricity they generate than operators in England or Wales.
22nd October 2009
Power and automation technology group ABB has won an order worth $120m from Kraftwerke Linth-Limmern related to the construction of a new hydropower plant and energy-storage facility in eastern Switzerland. The order was booked in the third quarter.
21st October 2009
Alberquerque construction company Gardner Zemke has won a $26m dam improvement contract from the US Bureau of Reclamation. The company is to replace six transformers at the Grand Coulee Dam project on the Columbia River, near Spokane, Washington.
20th October 2009
French energy company GDF Suez has secured financing of $2.7bn for the Shuweihat S2 Independent Water and Power Project in United Arab Emirates.
7th October 2009
UK renewable energy company Novera has rejected a £90.5m takeover bid from private equity-backed renewable energy generator Infinis Energy.
1st October 2009
Environmental investor Amplio Group has acquired 100 per cent of the assets of water treatment servicer Basin Water for $2m, after the company filed for bankruptcy.
10th September 2009
UK water utility Severn Trent Water’s Derby Sewage Treatment Works in Derby, UK has become the first plant in Europe to demonstrate an innovative technology that recovers phosphorus and other nutrients from wastewater and recycles them into a commercial fertiliser.
8th September 2009
Renewable energy company AGL Energy has been selected to supply renewable energy to a new 100 gigalitre desalination plant in South Australia.
3rd September 2009
Water and wastewater treatment company BPT has completed Series B financing raising $12m to expand the company’s manufacturing facilities.
1st September 2009
Dutch cleantech investor Icos Capital will invest in Delft University of Technology’s spin-off BiAqua.
28th August 2009
Biomass-to-power company Helius Energy and Veolia Water Outsourcing have come together to use Helius’ GreenFields technology to turn distillery by-products into biomass fuel.
26th August 2009
The Federal Energy Regulatory Commission (FERC) has signed an agreement with the state of Maine for a review of tidal energy projects off the state’s coast.
14th August 2009
Energy company RWE has reduced its shareholding in water and wastewater utility company American Water.
4th August 2009
US venture capital firm Kleiner Perkins Caufield & Byers has invested in water treatment company Applied Process Technology, according to reports.
30th July 2009
Production of renewable energy for the first third of 2009 was six percent higher compared to the same time period in 2008. Moreover, in April 2009 alone, renewable energy sources accounted for 11.1 per cent of domestic energy production and exceeded the amount contributed by nuclear power, according to the latest issue of the Monthly Energy Review by the US Energy Information Administration.
27th July 2009
Oregon Wave Energy Trust has awarded Advanced Research Corporation, a marine studies company, a contract to conduct a coastal wave energy infrastructure assessment.
27th July 2009
Brazil and Paraguay are reported to have struck an agreement, under which Brazil will be obliged to pay higher prices to Paraguay for electricity generated by the hydroelectric power plant, Itaipu, situated on the border of the two countries.
22nd July 2009
Pennsylvanian Governor Edward G Rendell received $38.8m of American Recovery and Reinvestment Act funding for renewable energy projects. The funding is part of the $99.6m Pennsylvania will receive under the Recovery Act’s State Energy Programme.
7th July 2009
German water treatment company inge watertechnologies has concluded a financing round of €5m. This round also included the securing of new investments from BayTech Venture Capital GmbH in addition to longterm investors Taprogge Watertech, Emerald Cleantech Fund I, Sustainable Performance Group, (SPG), Siemens Venture Capital, StoneFund and Entrepreneurs Fund.
30th June 2009
Standard Chartered Private Equity has announced a US$40m equity investment in a leading environmental company affiliated with Kolon Group. SCPEL, the private equity arm of Standard Chartered Bank, will invest $32m to acquire a 40 per cent stake in Environmental Facilities Management Corporation (EFMC), a wholly-owned subsidiary of Kolon Group, and an additional $8m to expand the newly acquired business.
23rd June 2009
The Dutch city of Rotterdam has announced a collaboration with IBM on the design and testing of a monitoring and forecasting system for smarter water and energy management.
23rd June 2009
Genesis Invest has acquired a 51 per cent stake in green product distribution company Green Eco Sys.
22nd June 2009
WHEB Asset Management, a UK investment management business focusing on listed sustainable investment opportunities, has launched its IM WHEB Sustainability Fund.
12th June 2009
Waste water technology company Ostara Nutrient Recovery Technologies has opened the first waste water treatment facility in the US to incorporate its technology on a commercial scale. The company is backed by Frog Capital, the London-based private equity firm that invests growth capital in cleantech and ICT businesses.
10th June 2009
Clean water technology company AquaGenesis, Inc. has closed a Series A private financing led by US cleantech venture capital fund Clean Pacific Ventures. The size of the investment was not disclosed. The financing will enable AquaGenesis to enter the residential and commercial water treatment and conditioning markets, the company said.
8th June 2009
US renewable resources company Cadiz, Inc. has executed Letters of Intent (LOI) with a broad collection of Southern California water providers to develop a cost-sharing agreement, finalise terms of pricing, design and capital allocation and work towards implementation of its water conservation and storage project, the company announced.
2nd June 2009
The African Development Bank Group has made a ZAR100m ($12.4m) equity investment in Evolution One Fund, a private equity fund focused on the deployment of clean energy across southern Africa as a means to tackle climate change.
27th May 2009
Infrastructure, finance and media giant GE invested $1.4bn in cleaner technology research and development in 2008, up from $750m in 2005. The company has also reduced its own greenhouse gas intensity, and is making progress against its other goals for revenue growth, water and technology innovation, according to a statement.
7th April 2009
Californian water agency Inland Empire Utilities Agency (IEUA) and SunPower Corporation, a Californian solar cell manufacturer, have completed a 3.5MW solar power installation at four IEUA facilities across the state.
24th March 2009
Asset management firm Robeco and TEDA International, a newly established company from Tianjin Investment Holding, which is mandated to hold all the financial assets under the Tianjin Government, have set up a joint venture. Robeco TEDA Investment Management Company will launch a new vehicle, the Robeco TEDA Sustainable Private Equity Fund.
20th March 2009
Ann Partlow discusses the growing commercial opportunities in resource efficiency, the US East Coast venture capital scene and the challenges facing a newly-launched fund focusing on clean energy.
‘It is always challenging to be a pioneer. We look for technologies and sectors in the market where there is a real need for a different solution today. We do not want to be so far ahead of the adoption curve that the companies have to struggle to create a new market.’
10th March 2009
Nityen Lal discusses what the financial downturn spells for clean technology, why subsidies must be viewed with caution and which areas will see the most growth going forward.
‘I think we are at the tip of the iceberg of innovation in this sector; there is so much more yet to happen. In fact, the traditional technologies you see, such as solar, wind and biomass are just first generation technologies and there are many more generations to come, so we will see a great deal of investment going forward.’
2nd March 2009
Andrea Davi discusses opportunities in the water sector, his preference for building businesses from the ground up, and what he looks for in a clean energy company.
‘We look for the best technical performers in the space and we like to pick a strong team that has an in-depth knowledge and can work against the clock’
26th February 2009
US venture capital firm VantagePoint Venture Partners has appointed Robert F Kennedy Jr as a venture partner of its cleantech investment team. In his new role, he will become involved with VantagePoint portfolio companies, particularly those in the water sector.
18th February 2009
Water treatment technology company Oasys Water has closed a $10m Series A round of financing. Lead investors include venture capital firms Flagship Ventures, Advanced Technology Ventures and Draper Fisher Jurvetson.
17th February 2009
Singapore-based private equity firm Ant Global Partners is to raise a $250m cleantech fund over the next three years for Indonesian water treatment and renewable projects, according to Reuters. The fund is being raised in conjunction with the Indonesia Ministry of Finance.
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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