Daily Archives: April 29, 2013

Project Overview: Consultation on King Island’s 600MW wind farm extended

King Island, in the Australian state of Tasmania, has extended consultation for the A$20bn ($20.6bn) King Island wind farm because local community opinion is still divided.

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Shares in OCI fall sharply as Suntech cancels $1.3bn of orders

Shares in South Korean conglomerate OCI fell to a near six-year low today after embattled solar group Suntech cancelled a number of orders.

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Fundraising underway for Archipelago, Red7Marine offshore vessel fund

Archipelago Investment Partners told NewNet a fund launched in partnership with UK engineering group Red7Marine to target opportunities in the offshore marine space will be sub-$100m.

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Armstrong bolsters team as it aims for August close of Asia green fund

Singapore-based green investor Armstrong Asset Management has expanded its investment team as it aims for a final close of its clean energy fund on $150m by August.

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Good Energy agrees £7.5m credit facility with Lloyds

Good Energy Group, the UK’s only 100 per cent renewable electricity supplier, has agreed a £7.5m revolving credit facility with Lloyds.

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Solar Mosaic aims to raise largest solar project to date

Solar Mosaic, a US-based innovator that aims to attract retail capital to the green power space, has opened its biggest investment opportunity to date.

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Biomass specialist Pellet Technology raises bulk of $4.75m equity round

Pellet Technology USA, which has developed a turnkey solution for the processing of non-food biomass, has raised the majority of a $4.75m equity round.

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Sinovel sees losses continuing into 2013

China’s third largest wind turbine maker Sinovel Wind Energy Group has reported a loss of RMB583m ($94m) in 2012 and also expects a first-half net loss for this year.

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Too early to predict shale’s impact on UK energy prices

An increased level of shale gas production in the UK may well boost tax revenues but it is not yet clear whether it will bring down the cost of energy to consumers, a new influential report warns.

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Actis sets $750m target for third energy fund

Emerging markets focused private equity firm Actis is reportedly looking to raise $750m for its third energy fund.

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Stock round-up: London’s listed cleantech businesses fail to excite

Cleantech IPO activity in the UK remains virtually non-existent but a look at the past-12 month valuations of a number of listed green businesses is enough to put even the bravest of businesses off taking to the public markets.

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TPG Capital slashes target for renewables fund to $350m

Global private equity firm TPG Capital has slashed the target for its renewable energy fund by almost half as the International Finance Corporation mulls allocating $25m to the vehicle.

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Solarwatt, BMW partner for solar-rooftop powered vehicles

Car maker BMW and solar developer Solarwatt are entering a partnership to provide rooftop solar charging solutions for cars.

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Deal round-up: Brazilian wind industry kicks up a gear

Brazil’s renewables industry has this week shown the results of a strong push toward wind energy over the past week, with IPOs, acquisitions, and joint ventures.

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