Archive for the ‘Finance’ Category
Ontario #2 for Most New Solar Projects
Saturday, October 22nd, 2011With Canada rated as the top country in the world for business (by Forbes Magazine), coupled with Ontario’s FIT and favourable renewable energy policies, its no wonder the province is now ranked #2 in North America for the highest number of new solar projects. With $20 billion in renewable energy commitments, Ontario is on its way to establishing itself as the manufacturing centre of excellence. Read more on what is happening here.
The Beauty of Clean Energy in Pakistan
Saturday, October 22nd, 2011
From pageant queen to clean energy advocate, Natasha Paracha is using her celebrity and her passion for the environment to promote sustainable renewable energy in Pakistan. For a country that is annually devastated by floods, clean water and food supply are enormous challenges. Adding to this, imagine having to worry about rolling blackouts every other hour! Can you fathom the decline in productivity from this alone? The article discusses the need for “dam technology, water purification systems, and load management technology to stabilize some of Pakistan’s most basic resources.” Further, Ms. Paracha is seeking to promote wind and solar developments that would feed the rural communities sorely lacking power and could provide them with an alternate source of revenue: selling power!
Read the article and give us feedback on whether you are interested in seeing us interview her for our Clean Leader series.
Clean tech losing venture capital funding
Thursday, October 20th, 2011GreenBeat reports that venture capital deals have dropped off sharply, with clean tech taking a particularly hard hit.
Read the full story here:
http://venturebeat.com/2011/10/19/moneytree-venture-capital/
Venture Capital deals in the third quarter of 2011 dropped 12 percent in dollars invested compared to last quarter. Clean technology and life sciences industries were particularly hard hit, according to a report released today by PricewaterhouseCoopers and the National Venture Capital Association.
“Public policy challenges in the life sciences and clean technology sectors are impacting investment levels this quarter as is the IPO market that basically came to a screeching halt in August,” explained National Venture Capital Association president Mark Heesen in a statement.
The venture capital industry is often reflective of how the markets are doing, according to Heesen, though it does support company, product and job creation. Along with the drop in dollars invested, the number of deals made also decreased 14 percent to 876 completed deals, down from the 1,015 in quarter two 2011.
Clean technology fell in line with the overall venture capital economy, a 13 percent drop in dollars invested, totaling at $891 million. Last quarter the investors spent $1 billion on the industry.
SkyPower Receives Innovative Financial Backing from Deutsche Bank
Thursday, October 6th, 2011Banking on a growing solar market in Ontario– and another Liberal government win in today’s elections– Deutche Bank is providing a $67 million revolving credit facility for SkyPower. With news just breaking that McGuinty is staying on for a third term as Premier of the province, the FIT program is safe. The funds will be used to support the ongoing development of SkyPower’s portfolio of utility-scale solar projects in Ontario. See more.
Google and Clean Power Finance Partner to Create $75 Million Fund for Residential Solar Projects
Wednesday, September 28th, 2011Google is at it again. With nearly a BILLION dollars in renewable energy investments, the company, together with Clean Power Finance, have announced a new $75m fund to finance residential solar projects. The idea is to provide solar panel installers along with a financing option, making it easier for all to get involved. What a great idea! See more here.
Innovation, Capital and Carbon – a BC perspective
Friday, September 16th, 2011
The Vancouver CGP workshop titled Innovation, Capital and Carbon took place on June 1, 2011. ISIS, a research centre at the Sauder School of Business, brought together 48 leading industry experts, scholars and government representatives to focus on understanding the factors that enable and constrain British Columbia’s transformation to a low carbon economy. The majority of participants were BC business leaders and included representatives from traditional high carbon emitting industries, clean tech firms, large banks, investment firms, retail companies and consulting firms.
The workshop employed an interactive methodology that engaged participants in identifying priorities, setting direction, scenario planning and strategy development. Highlights of the session include the following ideas that resonated with the participants: (more…)
Greentech VC in March Comes in Like a Lion
Thursday, April 7th, 2011The fact is that greentech VC is on an absolute roll. The following list covers March VC deals and it's amazing. In just one month there were more than 40 deals and more than $900 million was invested in every greentech sector from smart grid to solar to biofuels. More importantly, VCs are investing in non-obvious sectors like green chemicals and green agriculture.
Money keeps on moving into cleantech. Note that Plasco of Canada raised $145M read more at Greentech VC Like a Lion
Tories open to clean energy projects across Canada: Harper – thestar.com
Tuesday, April 5th, 2011Ontario Premier Dalton McGuinty jumped into the federal election campaign Monday with demands that Ottawa subsidize the province’s plan to replace coal-fired electricity plants with nuclear power and renewable energy sources. This, after a Tory campaign promise of a $4.2-billion loan guarantee for Newfoundland and Labrador’s Lower Churchill hydro project.
Read more here Tories open to clean energy projects across Canada
Global Cleantech
Wednesday, March 30th, 201110) Vancouver, British Columbia, Canada. Vancouver is one of the leading cities for cleantech funding, including the Innovative Clean Energy Fund which provides funding for technologies that may be utilized on a commercial level, BioEnergy Strategy which is based on biofuel production, and the Green Infrastructure Fund, which addresses a number of cleantech sectors, including power generation, water and wastewater, and power generation.
Read more at Global Cleantech.
Solar scheme may pay off
Tuesday, March 22nd, 2011Champagne explained that solar leasing involves an “aggregator” paying to install solar panels on several homes. He then arranges contracts with Ontario Power Authority to sell surplus electricity back to the grid.”The aggregator pays the homeowner a monthly flat rate,” Champagne said, “or a percentage of the energy their solar panels produce.”
Would be interesting to see if this model can be used for Energy Conservation projects as well. Could be a coure of financing provided and paid back by the realized saving. Read more at Solar scheme may pay off .
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Marketwire – Alternative Energy
- Avista Corp. Board Increases Common Stock Dividend February 3, 2012
- BC Bioenergy Network Invests $1.5 M in Fraser Richmond Soil and Fibre "Energy Garden"-an Innovative Organic Waste to Energy Demonstration February 3, 2012
- TRC to Host Conference Call to Discuss Second-Quarter Fiscal 2012 Financial Results on February 8 February 3, 2012
- Infrastructure Project Investment Key to Recovery Falling Short Globally February 3, 2012
- Ceradyne, Inc. to Release Fourth-Quarter Financial Results on Thursday, February 16, 2012 February 3, 2012
- AlumiFuel Power's PBIS Products Well Received at AMS Annual Meeting February 3, 2012
- Xicato to Present at SSL Investor Forum During Strategies in Light USA 2012 February 2, 2012
- EnSave, Inc. and Ecology and Environment, Inc. Launch Farm Energy Management Service February 2, 2012
- enXco Service Corporation Signs O&M Agreement With TPW Petersburg Wind Farm February 2, 2012
- Announcing the 2012 International Biomass Conference & Expo Agenda February 2, 2012
Globe Newswire
- EMG's Gas Supply To Israel Interrupted Due To Mandatory Shut Down Procedure After an Explosion in the Egyptian National Grid in the Sinai February 5, 2012TEL AVIV, Israel, Feb. 5, 2012 (GLOBE NEWSWIRE) -- Ampal-American Israel Corporation (Nasdaq: AMPL), a holding company in the business of acquiring and managing interests in various businesses, announced today that it has been advised by East Mediterranean Gas Co. ("EMG"), in which Ampal has a 12.5% interest, that around 01:00 last night there was […]
- Micron Technology Appoints Mark Durcan as Chief Executive Officer, Director February 4, 2012BOISE, Idaho, Feb. 4, 2012 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq:MU), today announced the appointment of D. Mark Durcan as Chief Executive Officer (CEO) of the company. Mr. Durcan will also serve as a Director on Micron's Board of Directors. The appointments come after the company reported that Steven R. Appleton, longtime Micron Chairman […]
- Grand County Winter Sports Carnival Ends February 11, 2012 February 4, 2012GRANBY, Colo., Feb. 4, 2012 (GLOBE NEWSWIRE) -- The Grand Winter Sports Carnival, the largest and longest winter carnival in the Rockies, ends Feb. 11 with a bang. […]
- Heritage Oaks Bancorp to Present at Fig Partners 3rd Annual West Coast CEO Forum February 4, 2012PASO ROBLES, Calif., Feb. 3, 2012 (GLOBE NEWSWIRE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), parent company of Heritage Oaks Bank, today announced plans to participate in the Fig Partners 3rd Annual West Coast CEO Forum. Ms. Simone Lagomarsino, President and CEO of Heritage Oaks Bancorp will participate on the "Central California Banks" panel on Febr […]
- Bryn Mawr Bank Corporation to Acquire Davidson Trust Company, Devon PA February 4, 2012BRYN MAWR, Pa., Feb. 3, 2012 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (Nasdaq:BMTC) (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today announced that it has entered into a definitive agreement to acquire Davidson Trust Company (the "Company") from Boston Private Financial Holdings, Inc. and memb […]
- Precision Castparts Corp. Presents Business Update at the Cowen 33nd Annual Aerospace and Defense Conference 2012 February 4, 2012PORTLAND, Ore., Feb. 3, 2012 (GLOBE NEWSWIRE) -- Mark Donegan, chairman and chief executive officer of Precision Castparts Corp. (NYSE:PCP), will discuss current business conditions at the 33rd Cowen Aerospace/Defense Conference in New York City on Tuesday, February 7, 2012, at 8:55am ET. […]
- Pilgrim's Publishes Inaugural Corporate Responsibility Report February 3, 2012GREELEY, Colo., Feb. 3, 2012 (GLOBE NEWSWIRE) -- Pilgrim's, the second largest poultry company in the world, has announced the release of its 2012 Corporate Responsibility Report, the organization's first published summary of its programs for animal welfare, community involvement, food safety, recycling, water conservation and more. […]
- Toll Brothers, Inc. Announces Exchange Offer for Certain Outstanding Debt Securities February 3, 2012HORSHAM, Pa., Feb. 3, 2012 (GLOBE NEWSWIRE) -- Toll Brothers Finance Corp., a wholly-owned subsidiary of Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), announced today that it has commenced a registered exchange offer to exchange new 5.875% Senior Notes due February 15, 2022 (the "New Notes") for any and all of its currently outstanding 6.8 […]
- Radio Station Settles Lawsuit With Pro Basketball League February 3, 2012CHICAGO, Feb. 3, 2012 (GLOBE NEWSWIRE) -- The Premier Basketball League (PBL) is pleased to announce it has finalized a settlement with KMGZ-Magic 95 Radio regarding unfounded and defamatory claims of alleged misconduct in calling fouls made by a radio announcer during a live broadcast of the PBL Championship Game played in Lawton, Oklahoma on April 18, 2011 […]
- Construction Begins on Daigle House Apartments February 3, 2012LAFAYETTE, La., Feb. 3, 2012 (GLOBE NEWSWIRE) -- The Affiliated Blind of Louisiana Training Center, BancorpSouth Bank, and the Federal Home Loan Bank of Dallas (FHLB Dallas) are pleased to announce that construction has begun on the Daigle House Apartments in Lafayette, Louisiana. […]