May 2010: Table of contents

3

Editor’s note

3

Features

4 Institutional investor appetite hots up for clean energy-focused private equity

Institutional investor appetite hots up for clean energy-focused private equity

With institutional investors looking to take advantage of the growing theme of clean energy, a more cautious approach to private equity investing could see some investors miss out.

8 Boston stakes its claim as centre for clean energy innovation

Boston stakes its claim as centre for clean energy innovation

With its established technology potential, thriving investment scene and a supportive state government, Boston could yet stake its claim as North America’s clean energy hub.

11 IT developers target emergent opportunities in energy efficiency

IT developers target emergent opportunities in energy efficiency

The growth of new energy technologies, combined with an appetite for change within established industries, offers a range of new opportunities for IT innovators.

14

Thought Leader

Thoughts, opinions and insights from the industry’s foremost experts and leading figures

14 James Smith, Shell UK - Oil giants redefine roles in new energy future

James Smith, Shell UK

Oil giants redefine roles in new energy future

James Smith shares his outlook on the role of large oil companies in the transition to a green energy economy, taking a pragmatic approach that capitalises on existing expertise, while satisfying the demands of shareholders.

18

Industry Profiles

18 Rachel Carroll, Ener1  - Clean technology thrives on corporate partnerships

Rachel Carroll, Ener1

Clean technology thrives on corporate partnerships

Partnerships between technology developers and large manufacturers will be vital to the global growth of renewable energy.

20

Investor Profiles

20

Ilya Golubovich, Dale Wasserstein, I2BF - Russia’s institutional investors seek exposure to new energy

Ilya Golubovich, David Waserstein, I2BF

Russia’s institutional investors seek exposure to new energy

Russian institutional investors are increasingly eyeing up opportunities beyond their domestic borders, with clean technology set to benefit.

22 Dan Hatcher, Gresham Private Equity - Generalist private equity drawn to maturing energy technology

Dan Hatcher, Gresham Private Equity

Generalist private equity drawn to maturing energy technology

As the clean energy sector continues to mature, companies in this sector seeking further capital are gaining the attention of private equity firms.

24 Shaun Kingsbury, Hudson Clean Energy Partners - Governments must compete for renewable energy investment

Shaun Kingsbury, Hudson Clean Energy Partners

Governments must compete for renewable energy investment

With favourable investment environments in place, private equity and buy-out investors are targeting regions with growing clean energy industries.

26 Jurgen Habichler, Mountain Cleantech - Germany gears up industry towards clean energy future

Jürgen Habichler, Mountain Cleantech

Germany gears up industry towards clean energy future

Despite potential cuts to its support structure, the German clean energy economy is still attracting investors in search of mature opportunities.

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Renewable Energy News

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

  • Enphase Energy closes $40m financing round
  • Integrated Photovoltaics raises $8.5 in Series A funding
  • Suniva receives $141m DOE loan to construct US manufacturing plant
  • SunPower acquires SunRay for $277m
  • Trina Solar Energy supllies modules for Thai solar plant
  • Pacific Blue Energy acquires land for new solar facility
  • Quercus invests in Entech Solar
  • US solar cell developer AQT secures $10m venture funding
  • Chromasun raises $3m in first funding round
  • GCL Solar orders 150MW worth of Satcon inverters
  • LadyBug takes take in New Solar Electricity
  • Meyer Burger receives €20m order in latest of Chinese solar wins
  • US CPV developer Aminiox secures $129m investment
  • China Development Bank agrees to loan Suntech and Trina $11bn
  • LDK Solar to supply modules to Phoenix Solar
  • PV installation set to grow in 2010
  • IDEX buys semiconductor sealing specialist Seals
  • Etrion to acquire Deutsche Bank's Italian solar assets
  • Siemens Energy to establish Israeli solar competent facility
  • Enfinity expands Indian operations with conglomerate Videocon Group
  • Progress Energy tightens belt after meeting targets
  • Solar market to grow by 40%, says industry body
  • JA Solar's global guidance follows 'robust' demand'
  • Sunfilm files for bankruptcy ahead of incentive changes
  • Horizon launches strategic Ontario energy alliance
  • Materials developer Solutia opens Chenese testing facility
  • Premier Power partners with Regeneration
  • Green Solar to lend support to Solartech Renewables
  • Silex Solar reopens Sydney Olympic Park's solar manufacturing facility
  • China's photovoltaic industry set for bumper year in 2010
  • NASA and FPL collaborate on solar facility at Kennedy Space Center
  • Hyundai, LG partner with Matinee Energy for construction contracts
  • VCs pick solar as top clean energy investment sector in 2009, says study
  • US-based GreenWindSolar plans development of Mexican facilities
  • O'Neal and Scheuten Solar USA join for installation partnership
38

Wind news »

  • Guodian agrees $732m credit line with Chinese bank
  • Cape Wind targets new offshore developments
  • Vestas secures 50MW Chinese turbine order
  • Xcel Energy, enXco, close deal on 201MW Nobles Wind Project
  • Constellation acquires Criterion wind project
  • Eneco Wind obtains the rights to develop 51MW Scottish wind farm
  • Sigma invests £3m in small-scale wind
  • Aeronautica and Goss team-up for US wind turbine manufacture
  • AES Wind acquires UK developer Your Energy and majority stake in 3E
  • Platina acquires 52MW of French wind farms for €71m
  • American Superconductor wins $20m Indian wind turbine order
  • Iberdrola Renovables acquires Energias Renovables from bank
  • Wind Works Power awarded 80MW contracts through FIT
  • SSE Renewables secures $400m loan from European Investment Bank
  • ChapDrive secures €10 funding for turbine technology
  • Far East Wind acquires Chinese project rights
  • Siemens Energy to build £80m wind turbine factory in the UK
  • Wind Capital Group to develop Missouri's largest wind project
  • MHI expands US foothold, unveils plans for new wind nacellle plant
  • New installation surges in 2009 says US wind industry
  • Dong submitstender for Danish offshore wind farm concession
  • Wind power boom to continue for next five years, GWEC says
  • Radar interference proves challenging for wind farm developers
  • Nebraska law allows private companies to export wind energy outside the state
  • Hanwei to restructure wind business in face of local competition
  • EREC calls for EU to use 100 per cent renewable energy by 2050
  • US energy utility OG&E seeks approval for $400m Oklahoma wind farm
  • Iberdrola gets approval for Romanian projects
  • Faulty wind turbines to cost Dong £12m
  • Romanian oil and gas group Petrom to build 45MW wind farm
46

Bioenergy news »

  • Biomass developer Intrinergy eyes growth with Riverstone investment
  • Temasek invests $47.8m in Amyris for new refinery
  • GN and US DOE joint venture to develop jatropha biodiesel
  • NRG Energy secures 10-year New York state contract
  • International Forest Products teams with Serbia's Forest Enterprises
  • Nova Scotia power to invest CAN$200m to build biomass plant
  • HC&S receives $4m for biofuel research
  • Laxai paharm ceases biofuel operations
  • Allylix raises $9m in Series C funding
  • Westport creates $48.4m through TPC warrants
  • Imperial extends acquisition of e-biofuels to secure funding
  • PetroAlgae grants Chile's AIQ micro-crop technology licence
  • Biomass provider DP Cleantech to supply technology for power plants in Philippines
  • Homestead retained by Freedom to develop US Green Machine biofuel refinery
  • Small-scale waste-to-energy plants advantageous to UK
  • AW Jenkinson, Stobart create biofuel distribution venture
  • UOP and Indian Oil collaborate on Indian biofuel development
  • Large scale biomass may hurt UK's economy and environment, report says
  • CNPC to increase clean energy production
  • Cobalt Technologies signs fuel testing partnership with CSU
  • FourWinds to raise €150m to invest in waste-to-energy
  • GDF Suez to build world's largest biomass plant
  • NREL and 3M sign agreement for energy research

52

Energy efficiency news »

  • International Forestry Fund makes first aqcuisition in Scottish Forest
  • Display developer Liquavista raises €7m
  • Bank of Ireland seed fund leads investment in ResourceKraft
  • Energy efficiency developer Clean Mobile raises €6.6m
  • Pacific Road Capital Management takes stake in Carbon Energy
  • Non-direct investing proves popular for private equity firms
  • Innoware Plastic bought from Norwest
  • EBRD offers loans to support energy efficiency improvements
  • Energy efficiency company EPS files for $25m IPO
  • Glacier Bay closes $15m financing
  • Landis+Gyr raises $165m to support smart meter rollout
  • GreenWizard raises $1.15m in Series A round
  • Carbon Trust leads £1.45m venture deal in network optimisation UK specialist Arieso
  • OCAS Ventures completes first round investment in fuel cell company Borit
  • Battery developer Sakti raises $7m
  • Canadian waste processor EWS sells final prototype permit to Ellisin for $1m
  • $1bn Japanese smart grid trial enlists Toyota, panasonic and Toshiba
  • Punch Powertrain secures €24m in funding for CVTs
  • Apax buys 20 per cent in energy advisor Finance In Motion
  • CODA Automative and Lishen Power Battery secure $394m
  • Cooper acquires wireless developer Eka Systems
  • Ecofactor closes $3.5m investment led by Rockport
  • UK fuel cell company Bac2 raises 31m
  • Green Bank raises $115m in private equity
  • Viaspace awarded funds for environmental monitoring
  • Qatari Diar Fund invests in Veolia Environnement
  • UK clean technology company PhosphonicS secures £3.5m
  • Siemens Energy to conduct carbon study at Longview Power plant
  • Carbontrading not performing well, says HSBC index
  • Business' efforts to tackle climate change halt in 2009
  • Guelph selects Silver Springs for smart grid deployment
  • UK government criticised for lack of CO2 guidance
  • Energy Investors Funds allies with NTE Energy for projects
  • Parcel delivery service FedEx adds first all-electric trucks to its US fleet
  • World Bank member IFC issues inaugural $200m green bond
  • Use of renewable energy doubles in the US, EIA says
  • GE and China Power to advance use of clean coal
  • US carbon capture developer Skyonic trials demonstration facility
  • ABB, Deutsche Telekom to develop smart grid technology
  • Yangzhou, China launches smart gris demonstration centre
  • WHE-Generation to develop waste heat systems
  • Pelamis secures second order for new wave converter
  • Crown Estate to re-tender bids for Inner Sound
  • Ocean Power Technology to scale PowerBuoy with $1.5m US grant
  • UK to invest £5m to create Cornish marine park
64

Water news »

  • Middlesex water acquires Montague assets in NJ
  • Statkraft contracts Skansa to build two Norwegian hydro plants
  • Bhutan Dam gets CDM registration to export to India
  • EIF sells Green Park hydro project to Fort Chicago for $80m
66

Geothermal news »

  • US Geothermal awarded Guatemala rights concession
  • Raser Technologies to sell $25m in shares on NYSE
  • Kenya gets $300m from Japan for geothermal power, seeks more funds
  • J-Power collaborates with Mitsubishi to conduct geothermal feasibility studies
  • Geothermal industry reports growth of new projects in US
  • Terra negotiates financing of Java geothermal resource
68

Fund news »

  • HSBC raises $500m in close of fourth infrastructure fund
  • Platina closes €209m renewable energy fund
  • Impax Asset Management launches Asia-focused environmental fund
  • Rabobank to raise up to €1.5bn for energy projects
  • WHEB Ventures raises $100m for second clean technology fund
  • I2BF launches second clean tech venture fund
  • CLSA anticipates final close of clean resources fund

70

Listed company news »

  • Chinese solar wafrer company LDK target profitability in 2010
  • Clean technology underperforms by 15 per cent in 2010
  • New Generation Biofuel's mixed fortunes mirror escalating biofuel production
  • Trading Emissions posts reduced NAV on lower carbon prices
  • Acro Energy aims to double Q1 revenues in next quarter
  • Hydrogenics remains optimistic for 2010
  • Oxford Catalysts Group expects to be sales-ready by year-end
  • BP to maintain $1bn alternative energy investment in 2010
  • Evergreen Solar targets growth with $165m stock offering
  • Global Clean Energy 'confident' as to future of biofuel industry
  • Balqon cuts losses by two-thirds as revenues rocket
  • Water filtration company Amiad reports rise in profit, targets India as growth market
  • Biofuel technology developer Deinove sets IPO price
  • Power giant Datang denies Chinese spin-off rumours
  • Energy efficiency company PCTEL sees revenues rise
  • LCA's asset value rises for third consecutive quarter
  • Argan's revenues lift after purchase of GRP
  • GE sees drop in wind turbine orders in Q1
  • Wind turbine manufacturer Nordex expects second-half growth to lift first quarter sales

76

People news »

  • Ecopetrol elects gov't officials to its board
  • Management group appoints head of quantitative research
  • Eco City hires new finance director
  • Virgin Green Fund appoints former Yahoo! CSO as partner
  • Wellington recruits new venture partner
  • German solar manufacturer Odersun enlists new COO
  • Circadian Solar names CEO
  • Greenray Solar appoints Goodreau to lead global sales
  • Forest Fuels enlists new managing director, raises finance
  • Universal Solar hires new CFO
  • Affinity appoints former head as COO
  • US Community Energy recruits David Giordano as CFO and COO
  • BrightView appoints global business director to spearhead Asian expansion
  • First Reserve hires Burkhardt as renewables asset manager
  • Løseth steps up as CEO for Vattenfall, creates subsidiary
  • Wilhelm to head PV industry's EPIA

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Deal Radar

88

Deal Tracker