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WorldWater Reports Q1 Results

WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, reported results for the first quarter ended March 31, 2007. Revenue for the first quarter was $0.9 million, with gross profit of $0.2 million. “We continue to be very excited about prospects for 2007, even as the first quarter showed declines versus last year on a revenue and bottom line basis due to contract timing,” said Quentin T. Kelly, Chairman of WorldWater & Solar Technologies Corp. “Gross margin improved to 21.0% from 6.7% in the first quarter of 2006, but revenue fell as WorldWater put in place a new strategy to pursue larger megawatt and multi-megawatt contracts – which take longer to bid and negotiate, with greater lead times for production and installation. However, as was recently announced, WorldWater won its largest project ever in the quarter – a $16 million, 2 megawatt system for Fresno Yosemite International Airport, which is now in pre-engineering and will result in substantial revenue for the company during the second half of 2007. “We see sequential improvement in revenue every quarter this year, and the company is maintaining its full-year sales guidance of $30-$35 million – at least […]

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Better Biodiesel Completes $690k Financing

Better Biodiesel, Inc. (OTCBB: BBDS) has completed a $690,000 equity financing with strategic investors. Ron Crafts and Gary Crook, Better Biodiesel CEO and CFO, respectively, participated personally in the financing. The Company issued investors a total 345,000 shares at $2.00 per share and an equal number of 5-year warrants exercisable at $2.65 per share. In addition to their $690,000 cash investment, the strategic investors – some of whom hold interests in Midwest feedstock and properties potentially suitable for alternative fuel facilities – conveyed and delivered feedstock and tanks to the Company as well as consulting services valued at $120,000; in exchange for this, they received 60,000 shares and warrant coverage on identical terms. The Company intends to use proceeds primarily to build out its Spanish Fork biodiesel production facility in preparation for completing and executing a distribution agreement with Cardwell Distribution, Inc. — as envisioned in the Letter of Intent (LOI) announced March 13. Assuming completion and execution of a definitive agreement, Cardwell will have the right to purchase a minimum of 500,000 gallons of Better Biodiesel’s biodiesel per year for three years, with expansion opportunity of up to 15 million gallons per year. The Company completed its first biodiesel […]

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First Global Media Corporation to Launch Global Energy Initiative

News Corporation (NYSE: NWS) is the first global media company to announce it will be carbon neutral by 2010 – through energy efficiency, buying renewable power and offsetting otherwise unavoidable emissions. The company’s goals are to reduce its operations’ carbon emissions significantly and to engage its 47,000 employees and its millions of readers, viewers and web users around the world on this issue. Chairman and CEO Rupert Murdoch said in an address to employees in New York today, “If we are to connect with our audiences on this issue, we must first get our own house in order. “We have just begun this effort, and we have a long way to go. Our global reach gives us an unprecedented opportunity to inspire action from all corners of the world. “The climate problem will not be solved without mass participation by the general public everywhere.” The company measured its carbon footprint for a 2006 baseline – it came in at 641,150 tons of carbon dioxide equivalents across the 52 countries in which it operates. The company’s first LEED-certified building is under construction on the Fox studio lot in LA. News Digital Media in Australia and News America Marketing in the U.S. […]

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Netherlands: Permit Approved for 300 MW Offshore Wind Farm

A permit application for a 300 MW offshore wind farm in the Netherlands has been approved. It will be located outside the 12-mile zone off Scheveningen (approximately 30 km from the coast) and is expected to be finished by 2011. It will generate energy for 350,000 households. The partnership, Evelop and Ballast Nedam Concessies have the exclusive right to develop the Scheveningen Buiten wind farm. Econcern subsidiary Evelop now has approximately 2200 MW of capacity in its offshore wind pipeline. In the North Sea the 120 MW Q7 park is expected to be operational in March 2008. Scira, in the Wash near Sheringham, within the British 12-mile zone, will generate 315 MW. Full approvals and financial close are planned in 2007. They expect to be awarded the concession for Belwind on the BlighBank (46 km off the Belgian coast) in the second quarter of 2007. Belwind will generate 330 MW. Ballast Nedam Concessies is involved in developing new offshore wind farms in several European countries. Acquiring the exclusive rights for Scheveningen Buiten is therefore an important milestone in its ambition to become one of the leading forces in designing offshore wind farms. In 2006, the parent company Ballast Nedam was […]

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1000 Spain Car Dealers to Install Solar

About 1000 automobile dealers throughout Spain are expected to install solar panels. ENDESA Energia and he Spanish Automobile Dealers Association signed an agreement for an investment of up to Euro 20 million by Spain’s automobile dealers. The initiative, which would raise awareness of sustainable development among automobile dealers, is part of ENDESA’s Strategic Plan for the Environment and Sustainable Development.

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