July-August 2010: Table of contents

3

Editor’s note

3

Features

4 Core investors remain committed to growth prospects for wind

Core investors remain committed to growth prospects for wind

While investment may have been harder to find in recent years, banks, utilities and private investors insist that their appetite for the wind energy sector returning.

8 Investors target deals with mature risk-return profile

Investors target deals with mature risk-return profile

With the rapid growth of the green investment space, investors are becoming increasingly keen to identify opportunities with a more mature risk-return profile.

11 EV innovators look to prove their worth beyond the hype

EV innovators look to prove their worth beyond the hype

The electric vehicle space is attracting investor interest on the back of high-profile successes and the outlook for the growth of the personal transportation industry.

14

Green private equity in challenge to convert interest into investment

Commitments to green investments may take time to grow, despite its growing profile, according to the latest survey from NewNet Research.

16

Industry Profiles

16

John Kourtoff, Trillium Power

Ontario aims to capitalise on renewable energy potential

Despite its efforts to exploit its clean energy resources, Ontario is still in need of considerable investment to realise its potential.

18

Investor Profiles

18

Alan Salzman, VantagePoint Venture Partners

Modernisation opens window of opportunity for cleantech investors

The scope for innovation across a host of industries offers massive opportunities for investors, although those that are slow to act may miss out.

20

Thierry Baudon, Mid Europa Partners

Established investor breaks ground with CEE energy focus

With home-grown energy production a necessity for many nations in Europe, opportunities abound for investors to support the rise in decentralised energy.

22

Clara Alvarez, ING Commercial Banking

Pressure builds in renewable energy project pipeline

While renewable energy-related facilities make up the majority of project financing, banks are looking to engage with this new breed of energy deals.

24

Cyrille Arnould, Gunter Fischer, GEEREF

Clean energy fund investments strike out for frontier markets

Despite an underdeveloped investment environment, energy infrastructure in the developing markets is the focus for this new fund of funds.

26

Keimpe Keuning, SAM Private Equity

Institutions selectively target funds of funds for green exposure

With their demanding return criteria, institutional investors remain selective about whether fund of funds are a good route to green investments.

28

Renewable Energy News

See the full list of news or click on the section titles below to view news covered in each category.
28

Solar news »

  • Etrion to acquire 30MW of solar projects for €45m
  • Solar company Tigo Energy raises $10m in venture funding
  • TSMC investment affiliate takes stake in PV company Stion
  • Siemens receives first large-scale photovoltaic order from France
  • SunPower, NaturEner partner for 9MW plant
  • AES closes €31m funding for Italian PV project
  • Solterra, Atlantis cement 80MW PV supply contract
  • Solexant raises $45m in venture funding round
  • Masdar PV to deliver 5MW of panels to Indian facility
  • Trina Solar signs agreement with utility SCE
  • Pratt & Whitney awarded $10.2m federal grant
  • Macquarie, Sunpower acquire 20MW Amhurst Solar Park
  • Apollo Solar signs $2.55bn supply deal with Hanergy
  • Titan Tracker licences solar technology to Dongfang Electric
  • Standard and Perpetual form solar joint venture
  • Siemens signs deal with Ital Green Energy to build solar plant in Italy
  • Cleantech Invest increases stake in Sinosol
  • Satcon secures $12m facility from Horizon Technology Finance
  • Foster Wheeler awarded solar equipment contract in Spain
  • Enerqos, HFV agree to €15m Italian solar plant deal
  • Kyocera begins US operations
  • First Solar aims to double German production capacity
  • Total, Abengoa and Masdar partner for CSP plant in Abu Dhabi
  • Electronic giant Panasonic targets solar power market
  • Suntech to add 1GW of manufacturing capacity in Shanghai
  • Uptick in solar market reflects demand for larger installations
  • Solar company Silfab to develop Canadian manufacturing plant
  • DuPont aims to capitalise on alternative energy
  • Circadian Solar establishes concentrator PV test facility
  • Companies race to install 1GW in Indian joint venture
  • Solco, SolarEdge to deploy power optimisation technology
  • Sempra installs first panels at Copper Mountain Solar
  • Europe to add PV capacity as governments revise feed-in
  • Mercator establishes renewable energy partnerships with Remote Energy Solutions
  • Egypt targets launch of 140MW plant by year-end
  • Ascent to develop portable military photovoltaics
  • Solar industry to enter second lifecycle, says CEO
  • Sol-ion partners complete new solar development phase
38

Wind news »

  • Sequoia acquires C-Free power assets, opens Calgary office
  • Acciona gets backing for Mexico wind farm, appoints new director
  • Areva acquires stake in manufacturer Multibrid
  • Siemens consortium secures €500m order to connect offshore wind farms
  • Roxtec to supply converters seals to onshore wind industry
  • EIB signs£250m loan facility with DONG Energy
  • RWE Innogy, Siemens to build €2bn offshore wind farm in Wales
  • NextEra Energy Resources subsidiary acquires $78m for US wind projects
  • Wind Works buys 4MW energy project
  • DOE to invest in wind forecasting
  • Siemens consortium secures German transmission order
  • E.ON sells 4.95MW UK wind farm to REG for £2.8m
  • Platina Partners secures €43.5m for UK facilities
  • GE invests in US Idaho wind farm
  • Consumers Energy signs Michigan power purchase agreements
  • Canada invests over $10m in 40MW wind facility
  • EDP Renováveis secures $141m from Wells fargo
  • Blue Diamond signs agreement for 198MW project
  • Flat Water obtains tri-party deal for Nebrask wind farm
  • Investment to support expanded installation capacity for A2SEA
  • Enbridge invests $500m in 250MW US wind farm
  • Xzeres raises $4m in private placement
  • Repower delivers 80MW in grid-connected wind farms
  • Ireland's renewable energy mix dominated by wind power
  • EDF EN commissions 99MW Italian wind farm
  • Iberdrola's wind project inaugurated in Missouri
  • AMSC, Hyundai partner to develop 5MW wind turbine
  • GKN opens wind power division
  • Vestas targets Chinese offshore wind resources
  • EU to install 10GW of wind capacity in 2010
  • DONG Energy opens second phase of Gunfleet sands offshore wind farm
  • UK 2009 renewables jump, bolstered by offshore wind grow
  • RWE signs new deal with Germany to implement energy infrastructure
  • O-Power launched to minister to offshore wind engineering sector
  • Tata Power to expand clean energy portfolio by 25 per cent
  • Xinjang Goldwind plans to be top three manufacturer
  • Australia's Infigen Energy to begin construction of 42MW wind farm
  • Wind energy industry requires centralisation says industry expert
48

Bioenergy news »

  • Capricorn takes part in $4.9m funding round for Green Biologics
  • Biffa acquires recycler Greenstar
  • Shell, Cargaill acquire stake in biofuel developer Virent Energy
  • Kernel Capital invests €750,000 in BioAtlants
  • Acquisitions push Cycleenergy's capacity up to 70MW
  • Freedom Environmental negotiates to sell recycled oil to Northeast Biodiesel
  • Converse agrees to buy EcoPlus biofuel
  • Ineos Bio secures £7.3m grant for bioethanol plant
  • Novozymes, Lingol cement agreement to develop forestry biofuel
  • Repreve buys SunBelt for bioenergy crops
  • Vattenfall and Swedfund obtain stakes in Buchanan Renewables Fuel
  • Siemens completes successful testing of PetroAlgae's fuel
  • Novo eyes waste-to-energy pilot
  • Intertek opens New York biofuel testing laboratory
  • Partnership to start building pyrolysis plant
  • Viaspace, RuBu join forces on biomass feedstock trial
  • Energy from waste could power nearly a tenth of Scotland's needs
  • Baosteel, LanzaTech to create bioethanol from waste gas
  • Total buys stake in Amyris to develop renewable fuels
  • US ethanol market characterised by oversupply, says Czarnikow Group
  • Verso Paper to power mill with biomass resources in renewable energy project

54

Energy efficiency news »

  • Chevrolet sells 576 hybrid vehicles to Green Verizon
  • Fisker Automotive closes $189m funding round
  • BioArt invests $2m in clean heating company ReformTech Sweden
  • THINK enters Brazilian market with sales to CPFL Energia
  • Riverside sells environmental consulting company Entrix
  • Tampa completes environmental programme
  • Car makers join with Coulomb for public-private charging station network in the US
  • Energy efficient tool developer Docea Power raises $1.5m
  • Industry calls for US to invest to support cleantech innovation
  • FirstEnergy given $54.7m in DOE smart grid grants
  • BPE takes £10m minority stake in energy services company Wilton
  • THINK starts lithium-ion battery production, establishes Migros deal
  • Carbon Trust invest £1m in spinout Concurrent Thinking
  • Scotland puts £6.7m towards green transport
  • US pumps $612m into CCS projects
  • Petrofac acquires renewable energy consultancy TNEI
  • Intamac Systems raises £4m to support smart energy expansion
  • Bionersis issue 40,000 carbon credits to Climate Change Investment I fund
  • Recurve raises $8m in Series B funding round
  • Boston-Power secures $60m in Series E funding
  • Consert secures $17.7m financing
  • Landis+Gyr signs smart meter deal with Helen Electricity Network
  • Prudent adds $10m funding in Series C round
  • SustainX gains $5.4m in US federal funding
  • Frog makes three times return on SiC Processing
  • EBRD considers €150m boost for cleantech SMEs in Poland
  • Investment in cleantech necessary post-BP spill
  • Oil price fluctuations set to drive cleantech investment
  • UK laboratory opens to test hybrid train technology
  • GM targets innovation with new venture
  • JICA and EBRD to aid economic development
  • 808 Renewable Energy prepares for US IPO
  • US utility PG&E gains approval for power purchase agreements
  • Smart to roll out US fleet of electric vehicles
  • Canada to develop carbon capture and storage standard
  • KKR's environmental performance programme achieves $160m in savings
  • Norwegian political party leader calls for electric vehicle infrastructure
  • Flexitricity scales-up smart grid to maximise UK energy potential
    US legislation must prioritise energy efficiency: ACEEE
  • Texas Instruments, EnOcean team for wireless joint venture
  • Capital Dynamics takes on energy infrastructure
  • Consultnancy Natural Power sets up branch in France
  • Nissan previews all-electric Leaf model

66

Water news »

  • $20m hydroelectric plant in Philippines nears first phase
  • Enel to construct hydroelectric project
  • AES China takes 49 per cent stake in Beijing-based hydro developer
  • Financing for Coca Codo Sinclair agreed by Republic of Ecuador, China's Exim Bank
  • Revolutionary' Nereda debuts in €15m Netherlands deal
  • Inner Sound todal energy project going to tender
  • Aquamarine Power secures Scottish government funding
  • Voith and RWE Innogy to test new marine turbine

68

Geothermal news »

  • US Geothermal gets conditional loan guarantee from US DOE
  • Ram Power to acquire Sierra Geothermal Power
  • Ireland set to enter geothermal market
  • Ormat Guatemalan project resumes partial operation
  • US DOE provides support to Nevada Geothermal Power
  • Calpine raises $1.4bn credit loan through subsidiary
  • EIB provides investment for 35Mw Olkaria II plant in Kenya
70

Fund news »

  • UK's CDC commits $50m to GEF Africa Sustainable Forestry Fund
  • Origo raises $20m with new share issue
  • Robeco, SAM fund raise $200m
  • WHEB Ventures closes fund on £105.4m
  • European investors to create Mediterranean Carbon Fund
  • South Africa's first cleantech fund Evolution One hits final close on $94m
72

Listed company news »

  • Suzlon Energy solidifies order book despite annual losses
  • A-Power shares jump on increased quarterly revenues
  • Eco City vehicles aims for London electric taxi fleet as it reports increased revenues
  • Climate Cars strikes first profit and expands fleet
  • Xinjiang Goldwind shelves IPO
  • Suntech launches Australian solar facility
  • Acro's quarterly revenues increase close to 300 per cent
  • Tesla gains $226m IPO
  • Enel files to list green unit on Borsa Italiana
  • FTSE Group, Carbon Disclosure Project launch new carbon emissions index series
  • Heliocentris Fuel Cells grows revenue while losses deepen
  • Canadian Solar class action expanded to include shareholders
  • Agricultural Bank of China launches initial public offering

76

People news »

  • Ocean Power Technologies appoints CFO
  • KEMA enlists three members to the board
  • Private equity firm Ventizz expands partner team with promotion
  • Lilley to supervise CCC renewable energy team
  • Norwegian premier heads UN climate group
  • Engineering specialist SeaRoc adds renewable industry experts
  • GM executives move to Raser to lead hybrid vehicle development
  • Clenergen reshuffle for board, new CEO
  • Massey joins GoSolar's ranks as president and CEO
  • Apollo Solar Energy appoints Liu as CFO
  • OPT appoints Kelly to head operations
  • Solar Power Partners adds to management team
  • Enecsys makes hire to push development of micro-inverter
  • Veeco recruits Hunter to its board of directors

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Deal Radar

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Deal Tracker