Brazil Claims First With Carbon Auction
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Solon to Increase Capacity to 500 MW
Germany-based SOLON AG (SOO1.DE), one of largest solar manufacturers in Europe, announced plans to expand production capacity from 210 MW coming online by the end of year, to 500 MW by the end of 2008. Solon plans to invest about EUR 40 million in the expansion, which will occur at existing facilities.
Federal Energy Bill in Process Isn't Enough
In the Democratic debate which took place last night at Dartmouth University, we were again astonished (although we’re getting used to it) that there was no meaningful discussion about how the candidates plan to deal with climate change or any other environmental issue. Meanwhile, on Capitol Hill, Democratic and Republican committee staffs are continuing a bipartisan exploration of the House (H.R.3221) and Senate (H.R.6) energy bills. An analysis released today by Environmental Defense shows that even if the energy legislation under consideration is passed by the House and Senate, greenhouse emissions would continue to increase for the next three decades – even if the best fuel-saving and renewable energy provisions in both bills were combined in conference committee. The analysis underscores the urgent need for this Congress to pass comprehensive climate change legislation that reduces emissions far below today’s levels by the middle of this century. “Most scientists say we need to cut emissions around 80% below current levels. These bills cut 0% below current levels,” said Steve Cochran, national climate campaign director at Environmental Defense. “They certainly have important provisions and we hope they pass, but they cannot be the last word on climate change from this Congress.” “These […]
Power Harnessed One Step At A Time
URL: http://www.csmonitor.com/2007/0926/p14s02-stgn.html Website: http://www.csmonitor.com/2007/0926/p14s02-stgn.html
More Farmers Harvesting Wind, Biodiesel
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Canada Launches Trade Dispute With EU Over Seals
URL: http://www.planetark.com/dailynewsstory.cfm/newsid/44541/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/44541/story.htm
EPURON Enters the American PV Market
At SolarPower in Long Beach, an American trade fair for renewable energy, EPURON GmbH conclued a power purchase agreement with Exelon. The company is one of the largest electricity suppliers on the American East Coast. The agreement includes the purchase of solar power by Exelon. EPURON, a daughter company of Conergy AG, which is listed on the stock exchange, has thereby established itself on one of the most important global markets for renewable energy. The aim in the next few months is to develop and finance solar energy projects with a total output of about 10 megawatts, which corresponds to an investment volume of at least 65 million US dollars. The power that is fed into the grid will be generated at a 3 megawatt photovoltaic plant which EPURON is developing in Pennsylvania. SunTechnics, another Conergy Group company, has been contracted to build the photovoltaic plant in Morrisville, Bucks County. The plant will generate 3,700,000 kWh of electricity per year; that’s enough to supply power to about 400 US households. “With this power purchase agreement, we have reached a milestone in opening up the US market. We will develop and finance one of the largest photovoltaic plants in the country. […]
Conti Launches Spin-off for Wind Power Projects
A 100-year-old construction and engineering firm has spun off a new business to help developers engineer, construct and commission wind power projects in North America. The Conti Group, based in New York, has formed Alternity Wind Power LLC. The spin-off will work with early stage wind project developers, landowners, turbine manufacturers, utilities and local communities to develop wind farms with capacities of 50 megawatts and greater. It plans to build a portfolio of more than 2,100 megawatts of wind power capacity by 2012, said Jack Gelman, president and CEO of Alternity Wind Power.
Ethanol Stocks Hit New Lows
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Environmental Capital Partners Start Green Fund With $100M
Environmental Capital Partners, LLC (ECP) has formed a relationship with New York Private Bank &Trust (“NYPB&T”) to invest $100 million in middle-market green companies. Sectors of particular interest for the firm include: green consumer products, eco-friendly building materials, alternative energy, and industrial environmental services. ECP is actively seeking growth and buyout transactions that require equity investments of $10-25 million, but the firm has the ability to complete larger transactions. Significantly, the New York Private Bank & Trust Company is the largest privately owned bank in the nation. Howard Milstein, President and CEO of NYPB&T, and Barry Friedberg, a Director of NYBP&T, and the former chairman of the Investment Banking Division and member of the Executive Management Committee at Merrill Lynch & Co., will serve on ECP’s Investment Committee along with Messrs. Egan and Staudt. And the fund uniquely invests in middle-market green companies. ECP has assembled an impressive team of financial professionals and leading environmental figures. The firm will be led by Managing Partners William Staudt, an entrepreneur with extensive private equity and operating experience, and Robert Egan, formerly of J.P. Morgan Partners, LLC. In addition to Mr. Egan and Mr. Staudt, the firm’s Partners include Dr. Stephen Kellert, a […]
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