Democrats Introduce Toxic Release Inventory Bills
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GE Unit Invests in U.S.-based Wind Portfolio
GE Energy Financial Services, a unit of General Electric (NYSE: GE), has committed to invest in a 410-megawatt wind farm portfolio across the U.S., among its single largest wind investments. It also announced it would take a stake of up to 22% in French wind farm developer in exchange for Theolia (TEO.PA) acquisition of GE’s European wind farms (165 megawatts). The unit will invest approximately $270 million for 70% of the Class A equity, with a subsidiary of Wachovia Corp. (NYSE: WB), providing the balance, in six wind farms in California, Illinois, New Mexico and Pennsylvania, until now owned by affiliates of global investment and advisory firm Babcock & Brown (ASX: BNB). Affiliates of Babcock & Brown will be the manager and will remain as Class B equity co-investors in the portfolio. Additional financial details were not disclosed. All the wind farms have either been completed or will be completed by the end of April, except Allegheny Ridge II, expected to be finished by December. “This transaction continues the expansion of the geographic footprint and technology mix of our wind holdings,” said Kevin Walsh, Managing Director and leader of renewable energy at GE Energy Financial Services. “In addition, the portfolio […]
Zoltek Rewards True Believers
URL: http://www.forbes.com/2007/02/14/zoltek-nanotech-boeing-pf-ii-in_jl_0214soapbox_inl.html?partner=yahootix Website: http://www.forbes.com/2007/02/14/zoltek-nanotech-boeing-pf-ii-in_jl_0214soapbox_inl.html?partner=yahootix
Beltway Bet: FuelCell Energy
URL: http://www.forbes.com/2007/02/14/sunpower-fuelcell-energy-biz-wash-cz_atg_0214fuelcell.html?partner=yahootix Website: http://www.forbes.com/2007/02/14/sunpower-fuelcell-energy-biz-wash-cz_atg_0214fuelcell.html?partner=yahootix
First Solar Shines
URL: http://www.forbes.com/2007/02/14/first-solar-earnings-markets-equity-cx_jl_0214markets17.html?partner=yahootix Website: http://www.forbes.com/2007/02/14/first-solar-earnings-markets-equity-cx_jl_0214markets17.html?partner=yahootix
Wainwright Bank Reports 2006 Results
Wainwright Bank & Trust Company (Nasdaq: WAIN) reported record net income of $7.0 million for 2006 and diluted earnings per share of $.84 ($.91 per basic share). This compares to consolidated net income of $6.8 million and diluted earnings per share of $.79 ($.86 per basic share) for 2005. Net income for the fourth quarter of 2006 was $1.7 million with diluted and basic earnings per share of $.21 and $.23, respectively. This compares to net income of $1.6 million and diluted and basic earnings per share of $.19 and $.21, respectively, for the fourth quarter of 2005. All prior year earnings per share amounts have been adjusted to reflect a 5% common stock dividend declared and paid during 2006. Jan Miller, CEO stated, “During 2006 we continued to generate healthy loan growth across both our commercial and commercial real estate business lines while maintaining outstanding loan quality. Our average loans outstanding increased $50 million, or 9%, compared to 2005. This solid loan growth has been achieved in a highly competitive market without any relaxation of our credit standards. However, we are not immune to the continued inverted yield curve. Despite the growth in the loan portfolio, especially in higher […]
Sea Breeze Raises $1.3M
Sea Breeze Power Corp. announced it has negotiated four new convertible debentures in the aggregate amount of US$ 1,218,000, and re-negotiated the conversion terms of seven existing convertible debentures in the aggregate amount of US$ 782,000. The new debentures have a five-year term and are convertible into shares of the Company at $0.34 USD per share during the first and second year, increasing in price by 10% per year the third through fifth years. The re-negotiated debentures in the amount of US$ 782,000 are convertible into shares of the Company at US$ 0.34 per share until their expiry on May 7, 2008. Each converted share entitles the debenture holder to one share purchase warrant. Each share purchase warrant is exercisable for a period of two years following conversion, but expiring a maximum of five years following the original advancement of funds. The warrants issuable from the new debentures will have an exercise price of US$ 0.34 per share if exercised during the first or second year term of the debenture, increasing in price by 10% per year if issued during the third through fifth years. Interest on both new and renegotiated debentures will be calculated at 12% per annum. The […]
British Columbia: Green Changes Sweep Province
URL: http://www.canada.com/vancouversun/news/story.html?id=1cc462a9-d53a-48d2-baae-86fcac666bf3&k=92895 Website: http://www.canada.com/vancouversun/news/story.html?id=1cc462a9-d53a-48d2-baae-86fcac666bf3&k=92895
Water Investments Flowing for Asia's Urban Poor
URL: http://www.ens-newswire.com/ens/feb2007/2007-02-13-03.asp Website: http://www.ens-newswire.com/ens/feb2007/2007-02-13-03.asp
EU Lawmakers Vote to Limit Production of Rubbish
URL: http://www.planetark.com/dailynewsstory.cfm/newsid/40330/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/40330/story.htm