Wachovia to Build Bank Branches Green
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In hot seat, Bush unveils New Climate Strategy
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Kyocera to Build PV Facility in Mexico
Kyocera is about to begin construction at its Tijuana, Mexico facility, scheduled for completion in early 2008. The 223,000 square feet plant will more than quadruple Kyocera’s production capacity for solar modules in Tijuana – from a current capacity of 35 megawatts (MW) per year to 150MW by the end of March 2011. The additions are part of a four-year plan to expand Kyocera’s global manufacturing capacity for solar modules, which are produced in Mexico, the Czech Republic, China and Japan. By the end of March 2011, these four sites will possess combined annual capacity to produce 500 megawatts (MW) of solar modules – enough to create 3.5-kilowatt solar-electric generating systems for 142,000 homes per year. The company will invest an estimated 30 billion yen (about $250 million) in plant and equipment during the course of the expansion effort, both at these module manufacturing sites and at its solar cell production center in Yohkaichi, Japan. About Kyocera Kyocera Solar, Inc. is a subsidiary of Kyocera International, Inc. of San Diego, the North American headquarters and holding company for Kyoto, Japan-based Kyocera Corporation(NYSE:KYO). Website: http://www.kyocerasolar.com
Global Cleantech Spending to Grow 14% in 2007
Spending on the development of new energy and environmental technologies is projected to grow by 14% in 2007 to exceed $55 billion worldwide, with corporate and government spending up 10% and venture capital on track to double. Leadership in these technologies increasingly lies not in the U.S., but in Asian countries like Japan, China, and South Korea, according to findings from The Cleantech Report by Lux Research. “Government funding for clean technologies has barely grown faster than inflation for the past two years, but initiatives announced in 2006 indicate a 10% increase for 2007. And corporations like General Electric, BASF, and Toshiba are making R&D investments to maintain rapid revenue growth in sustainable products and services,” said Lux Research President Matthew Nordan. “Unlike previous technology waves in information technology and biotech, however, the U.S. is not leading the world. The Asia/Pacific region takes first place in government funding, corporate R&D spending, and scientific publications while the U.S. only leads in deployment of venture capital and in patents issued.” On June 15th, Lux Research will host an interactive conference call with a panel of cleantech leaders from government, finance, and industry to discuss the report’s findings and other pressing energy and […]
Raser, Cummins, Enter Geothermal JV
Raser Technologies, Inc. (NYSE Arca: RZ) and Cummins & Barnard, Inc. (C&B), a full service engineering consulting company, announced the execution of two agreements, a Geothermal Project Alliance Agreement and a Consulting Services Agreement. Under the Project Alliance Agreement, C&B will provide program management and construction services in the development of a series of geothermal plants. The Consulting Services Agreement between C&B and a Raser subsidiary assigns to C&B the specific project management responsibilities for the construction of Raser’s first power plant. It is expected that C&B will provide these services for Raser well beyond the construction of Raser’s first three announced power plants. C&B furnishes a full range of mechanical, electrical, instrumentation and control, and civil/structural engineering services as well as procurement and construction management services. C&B’s major focus is on providing construction management and design services for power generation for the electricity transmission and distribution industry. James Connell, President of Cummins & Barnard, stated, “We are excited to enter into this alliance agreement with Raser. We believe the geothermal industry will experience incredible growth in the coming years and believe Raser is extremely well positioned to benefit from this growth. We look forward to working with them on […]
Akeena Solar Raises $12.6M
Akeena Solar, Inc. (OTCBB:AKNS), a leading designer and installer of solar power systems, has entered into purchase agreements with investors to raise $12.6 million of gross proceeds in a private investment in public equity (PIPE) offering. Akeena will issue 4,572,725 shares of common stock and three-year warrants to purchase an aggregate of up to 1,295,995 shares of common stock with an exercise price of $3.95 per share. The company plans to close on or about June 1, 2007. “This financing will be used to fuel our continued growth, particularly as we expand our footprint,” said Barry Cinnamon, CEO. “In addition, these funds will provide us with the working capital needed to commercialize our proprietary solar module technology later this year.” Following this transaction, Akeena will have approximately 23 million shares of common stock and approximately 1.8 million warrants outstanding. Website: http://www.akeena.net
MMA Renewable Launches Efficiency Finance Group
MMA Renewable Ventures, a subsidiary of Municipal Mortgage & Equity, LLC (NYSE: MMA), announced the launch of a new business unit focused on developing financial solutions for mid to large-scale energy efficiency (EE) projects. Already a leader in arranging debt and equity financing for renewable energy facilities, the company’s expansion into EE projects enables MMA to deliver a comprehensive energy finance offering to its private and public sector customers. “MMA Renewable Ventures is focused on stabilizing energy pricing for our customers by making environmentally-sound practices the cost-effective option,” said Matt Cheney, CEO. “In parallel to our efforts in the solar, wind and bioenergy markets, our new business line aims to remove the barriers of upfront system costs and ongoing operation from energy efficiency projects.” Building on the company’s innovative approach to renewable project finance, MMA Renewable Ventures now works with energy service companies, equipment providers, electric utilities, and state and local government agencies to finance, own and operate energy efficiency assets on behalf of its customers. This includes providing customers with a 100% financing option that can be structured as off-balance sheet and off-credit. By offering comprehensive energy efficiency project financing, customers avoid up-front costs, and projects can be cash […]
Hain Celestial to Acquire WhiteWave Tofu Business
The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading natural and organic food and personal care products company, announced it would acquire the tofu and meat-alternative business of WhiteWave Foods Company, a subsidiary of Dean Foods Company (NYSE: DF). These products are sold under the brand names TofuTown® and WhiteWave® and are currently manufactured in Boulder, Colorado. “Adding the tofu and meat-alternative business from WhiteWave Foods complements our existing Yves Veggie Cuisine® product line, strengthening and expanding our fresh, meat-free alternative product offerings to further support this sector of the growing natural and organic market,” said Irwin Simon, President and CEO of Hain. The product line includes baked and grilled tofu, seitan, tempeh and other traditional tofu items sold through natural and conventional grocery stores as well as in foodservice outlets. The tofu business generated sales of approximately $8 million in the last fiscal year. The transaction is expected to be accretive to Hain Celestial’s earnings during its fiscal year 2008. Website: http://www.hain-celestial.com
Electro Power Raises $6.7M
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Solarfun Reports Q1 Results
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