Nexterra Closes $15 Mil Financing

According to the press release, “Nexterra Systems Corp., today announced that it has secured $15 million in equity financing from Tandem Expansion Fund and ARC Financial. Proceeds will be used to accelerate the growth of Nexterra’s business. “We believe that the market for small-scale biomass heat and power systems is poised to grow rapidly in [...]

Centrica reaches agreement to acquire additional Canadian gas assets

According to the press release, “Centrica plc today announced that its North American subsidiary, Direct Energy, has reached an agreement with Suncor Energy (TSX: SU, NYSE: SU), to acquire its natural gas assets in the Wildcat Hills region of Alberta, for a cash consideration of C$375 million (£229 million). This acquisition will provide Direct Energy [...]

Finavera Renewables Signs $7.5 million Joint Development Agreement with GE Energy

According to the press release, “Finavera Renewables Inc. (‘Finavera Renewables’ or the ‘Company’) (TSX-V: FVR) is pleased to announce it has entered into a project development partnership with GE Energy, a business unit of GE. Under the terms of the Joint Development Agreement (JDA), GE will provide Finavera Renewables with project development funding up to [...]

ARISE Technologies Announces Canadian JV with Sky Solar (Canada) Ltd.

According to the press release, “ARISE Technologies Corporation, a leader in high-performance, high-quality, cost-effective solar technology, today announced that it has established a joint venture (JV) with Sky Solar (Canada) Ltd. (“SKY SOLAR”) to provide engineering, procurement and contracting (“EPC”) services for solar projects under the Ontario FIT program. Under the terms of the agreement, [...]

Magma Energy Reports Successful Soda Lake Flow Test

According to the press release, “Magma Energy Corp. (TSX:MXY) reports the successful flow test of Soda Lake production well 45A-33 which will provide 3 MW of net power. The well was drilled in June 2009 and, following a field optimization program, the flow test was completed in December. The recent test demonstrated the well to [...]