Exelon Expanding Into Wind Generation with Acquisition of John Deere Renewables

According to the press release, “Exelon Corporation today announced an agreement to acquire John Deere Renewables, a leading operator and developer of wind power, in a transaction that will add 735 operating megawatts of clean, renewable energy to Exelon’s generation portfolio, as well as an additional 230 megawatts in advanced stages of development. The acquisition, [...]

Japan to subsidize energy-efficient plants: report

According to Reuters, “Japan’s government plans to subsidize domestic plants producing clean-energy and energy-efficient goods under steps to support the slowing economy, the Nikkei newspaper said, as the murky outlook keeps firms from boosting spending at home. A strong yen is putting additional pressure on Japan’s fragile economy, which is already seeing slowing growth and [...]

Magma Energy Purchases of a Further Interest in Icelandic Geothermal Energy Producer

According to the press release, “Magma Energy Corp. (TSX: MXY) announces that its wholly-owned subsidiary, Magma Energy Sweden A.B., today has closed a portion of a previously announced agreement to acquire further shares of Iceland geothermal company HS Orka hf. Magma Sweden now holds an 84.21% interest in HS Orka. The acquisition was originally announced [...]

Enel Green Power Espana receives 50% of the Iberian JV Assets

According to the press release, “Today Enel Green Power SpA (“EGP”) and its subsidiary Enel Green Power España SL (“EGPE”) announced the signing of an agreement with Gas Natural SDG, SA (“Gas Natural Fenosa”) for the break-up of all the assets of Enel Union Fenosa Renovables, SA (EUFER), a 50% joint venture between EGPE and [...]

GM and Bright Automotive Announce Strategic Relationship

According to the press release, “Bright Automotive and General Motors Co.  announced Tuesday they have agreed to pursue a strategic relationship and that GM has  provided funding to the Indiana automaker, the first  funding action by the newly formed General Motors Ventures LLC. The funding will help accelerate Bright’s production of the IDEA, a revolutionary [...]

President Obama Announces a conditional commitment offer for a $1.45 Bil Fed. Loan Guarantee for Abengoa Solar

According to the press release, “President Obama announced today in his weekly video address that DOE has offered a conditional commitment for a $1.45 billion loan guarantee to Abengoa Solar, Inc. The loan will support the construction and start-up of Solana, a 250 net megawatt (MW) concentrating solar power (CSP) plant in Arizona. “After years [...]

Boston-Power Announces $60 Million in Growth Capital

According to the press release, “Boston-Power, Inc., the rapidly growing provider of next-generation Lithium-ion batteries, today announced $60 million in Series E funding co-led by existing investors Foundation Asset Management (FAM) and Oak Investment Partners. Current investors Venrock and Gabriel Venture Partners are also participating. Among the world’s most well-financed companies in energy storage and [...]

ITOCHU Corporation and GE entered into collaboration agreement

According to the press release, “ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) and General Electric Company (headquartered in Fairfield, CT; Jeff Immelt, Chairman & CEO) entered into a collaboration and cooperation agreement to identify co-investment opportunities in renewable energy worldwide. Under this agreement, General Electric’s GE Energy Financial Services [...]

U.S. Commerce Secretary Gary Locke Kicks Off Clean Energy Biz Dev in Hong Kong

According to the press release, “U.S. Commerce Secretary Gary Locke arrived in Hong Kong today for the first stop of a clean energy business development trade mission to promote exports of leading U.S. technologies and services related to clean energy, energy efficiency, and electric energy storage, transmission and distribution. The mission will continue through May [...]

Microvi Signs Three-Year Exclusive Commercial Agreement with Clean TeQ Limited

According to the press release, “Microvi Biotechnologies Inc., (Microvi) the leader in advanced clean water treatment technologies, today announced that it has entered into a three-year commercial contract with Clean TeQ Limited, the Australian leader in air purification solutions and an emerging player in water and wastewater treatment for beneficial reuse. Under the terms of [...]

Renovalia Energy delays its initial public offering due to financial market conditions

According to the Press Release, “Despite the good acceptance and the demand generated by investors, the important losses in stock markets in the past days and the no resolution of the uncertainty about the regulation of renewable energy sector made the company take this decision. -The decision has been taken following the advice of the [...]

European Development Finance Institutions to establish joint climate change fund

According to the press release, “Agence Française de Développement (AFD), the European Investment Bank (EIB) and European Development Finance Institutions (EDFI) will establish a joint climate change fund. AFD, EIB and EDFI members will sign a Memorandum of Understanding for THE INTERACT CLIMATE CHANGE FUND (ICCF) at a meeting in Bruges on Friday. The Parties [...]

ABB acquires Ventyx to strengthen its network management business

According to the press release, “ABB, the global power and automation technology group, has agreed to acquire Ventyx for more than $1 billion from Vista Equity Partners to become a leading provider of software solutions for managing energy networks. Ventyx is a leading software provider to global energy, utility, communications, and other asset-intensive businesses, offering [...]

ADB Announces Asia Solar Energy Initiative

According to the press release, “The Asian Development Bank (ADB) today announced an Asian solar energy initiative to generate some 3,000 megawatts of solar power over the next three years. “With energy demand projected to almost double in the Asia and Pacific region by 2030, there is an urgent need for innovative ways to generate [...]

IntercontinentalExchange Announces Acquisition of Climate Exchange

According to the Press Release, “IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that it has agreed on terms to acquire Climate Exchange plc (Climate Exchange or CLE), a leader in the development of traded emissions markets. Climate Exchange operates the European Climate Exchange [...]

Stealth Solar Startup Senergen shuts down

Senergen Devices, based out of Fremont, CA received more than $5 million from VantagePoint Venture Partners around November of 2007. “Senergen Devices is a solar cell manufacturing company that plans to produce solar cells made from traditional silicon materials at very low costs. Senergen does not use silicon wafers as the solar cell substrate. Instead, [...]

GE, Nissan to Drive Smart Charging for Electric Vehicles

According to the Press Release, “In the race to build a smart-charging infrastructure that fuels the coming plug-in car revolution, GE and Nissan have teamed to research new technology developments that will make smart charging a reality. The two companies signed a three-year Memorandum of Understanding (MOU) to explore new technologies that are needed to [...]

Spain renewables industry fears subsidy cuts

According to Reuters, “Spain’s renewable energy industry joined forces on Thursday to ask the government to clarify whether it plans to retroactively cut subsidies, as market-moving media reports have suggested. Shares in renewable energy generators Iberdrola Renovables and Acciona moved sharply lower on Wednesday after website elconfidencial, citing sources close to the government, said the [...]

Cooper Industries Announces Acquisition of Eka Systems, Inc

According to the Press Release, “Cooper Industries plc (NYSE:CBE) today announced the acquisition of substantially all of the assets of Germantown, MD -based Eka Systems, Inc., a leading provider of secure, reliable and adaptive RF wireless networking technologies for smart grid communication applications. Terms of the transaction were not disclosed. Eka Systems, through its EkaNetTM [...]

Amyris Biotechnologies Secures Investment from Temasek Holdings

According to the Press Release, “Amyris Biotechnologies, Inc. announced today that Temasek Holdings has invested $47.8 million into the company. Amyris intends to use these funds to support commercial plant design and construction activities as well as ongoing operations in the U.S. and Brazil. “We are privileged to welcome Temasek as a significant investor, and [...]

First Solar Signs Contract with PG&E for 300 MW Photovoltaic Solar Power Project

According to First Solar, “First Solar, Inc. (Nasdaq: FSLR) today announced a power purchase agreement to supply Pacific Gas and Electric Company with renewable electricity from a 300 megawatt (AC) utility-scale photovoltaic solar power facility that First Solar is developing in Southern California. The Desert Sunlight project, to be located near Desert Center in eastern [...]

Google Energy – Google can now sell energy

Google has taken many steps to enter into the energy business. First they dipped their toes in Google PowerMeter. After that they created Google.org which invests in renewable research and development. They now created a new Google entity called Google Energy, LLC. This new entity filed at FERC to become a wholesale power marketer. There [...]

Better Place Secures $350 Million Series B Round led by HSBC Group

According to the press release, “Almost two years to the day after announcing its first car partnership and its first country deployment in Israel, Better Place today announced that it has signed an agreement with an HSBC led investor consortium for new equity financing of $350 million. The deal marks one of the largest clean [...]

Steve Westly bullish on green startups

According to Reuters, “The U.S. recession and slow global economy have created big opportunities for investments in promising green startups, an area that at one time had lofty valuations, Silicon Valley venture capitalist Steve Westly said. Westly, a former California state controller and eBay Inc executive, said he is seeing some “great quality of deals.” [...]

DB Masdar Clean Tech Fund completes first close

According to the Masdar Press Release, “Masdar and Deutsche Bank today announced the launch of the DB Masdar Clean Tech Fund and its first closing, raising $265 million. This fund brings together for the first time the deep sector knowledge and scope of the Masdar Initiatives with the global asset management and research capabilities of [...]

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