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Canada Announces Renewables Production Incentive Program

Prime Minister Stephen Harper announced $1.5 billion in funding for the ecoENERGY Renewable Initiative to boost Canada’s renewable energy supplies. ecoENERGY for Renewable Power will invest $1.48 billion to boost Canada’s renewable energy supply through a ten-year incentive program which will fund eligible projects to be constructed over the next four years. It will also provide $35 million in incentives for renewable thermal technologies for water and space heating and cooling through a second component of the program, ecoENERGY for Renewable Heat. The investment will create up to 4000 megawatts of renewable energy and is expected to deliver greenhouse gas emissions reductions equivalent to taking one million cars off the road, as well as significant reductions in other air pollutants. The Canadian Wind Energy Association (CanWEA), views the new program as an effective mechanism that will stimulate the development of new wind energy projects and complement provincial initiatives to procure wind energy. At this time, provincial governments are seeking to put in place a minimum of 10,000 MW of wind energy by 2015. The program will provide eligible wind energy projects with a production incentive payment of 1 cent / kwh in their first 10 years of operation, which means […]

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GE Gets Aggressive on White LEDs

GE Consumer & Industrial’s has changed the name of its LED unit, GELcore, LLC to Lumination, LLC, symbolizing its intention to innovate and lead the way to general illumination with white, light-emitting diode (LED) solutions on a global scale in commercial, industrial and residential settings. “Our name change emphasizes an important element of our growth strategy,” states David Elien, president of Lumination. “Our focus since our inception has been lighting applications that leverage the benefits of LEDs to drive real value for customers. We remain committed to delivering best-in-class LED lighting solutions in key segments such as signage, architecture, transportation signals and retail display, while also setting our sights on global distinction in the emerging general illumination market segment.” Lumination, under its old name, brought its first white LED solutions to market with its Tetra® Power White LED solution for channel letter signage. Further progression toward white LED preeminence occurred when the company’s white LED refrigerated display case solution earned widespread acceptance. Eight of the top 10 U.S. supermarkets have reacted positively toward testing and use of the Lumination solution, and Wal-Mart Stores, Inc., committed late last year to install the company’s refrigerated display case solution in over 500 stores […]

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JA Solar IPO Raises $225M

Another Chinese solar company has gone public on the U.S. markets. JA Solar Holdings Co. Ltd. (Nasdaq: JASO) raised US$225 million in an IPO that was priced above a forecast range. The 15 million American depositary share (ADS) offering sold for $15 per share compared with a $12.50 to $14.50 forecast. Each ADS represents three common shares. JA Solar, which manufactures solar cells, has an initial market capitalization of about US$658 million. JA Solar is the fourth Chinese solar company to launch an IPO in the U.S., following Trina Solar Ltd. (Nasdaq: TSL), Solarfun Power Holdings Co. Ltd. (Nasdaq: SOLF) and Suntech (NYSE: STP).

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