Archive for the ‘Finance’ Category
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 .
Environmentalism runs hot and cold, McGuinty finds – thestar.com
Sunday, January 23rd, 2011Dalton McGuinty has long boasted of being an environmental visionary. But the premier is paying a price for trying to get ahead of the curve — or taking a wrong turn, if you believe his critics.
Now the opposition smells blood on matters green. McGuinty is reaping few rewards for the political capital (and big money) he’s invested in environment and clean energy policies.
Interviewed in his office last week, the premier made no apologies for pushing a green agenda, even if he’s now behind in the polls on the eve of an election.
“I’ve been hired on to lead,” McGuinty countered. “Sometimes we’re consumed by the immediate, sometimes at the expense of what is important over the long term. And I think a safe and clean environment is important.”
That’s what most people tend to say. The trouble with the environment is that it keeps coming in and out of political fashion. It’s rarely a ballot question. Pocketbook issues are typically top of mind, which is why the opposition is reframing the premier’s environmental agenda as a matter of the wallet, not the heart.
It interesting to note that despite all the positive growth in renewable energy, the Premier is not getting any appreciation. Its difficult to see how as a society we are going to handle climate change if the leaders who take on the challenge get limited support for doing so. In the long term this will likely have detrimental effects and then it may be too late to change. Read more here. Environmentalism runs hot and cold, McGuinty finds.
Landmark Solar Financing Agreement
Thursday, December 2nd, 2010Deutsche Bank and SkyPower Limited announced today that both companies have signed a landmark clean energy financing deal for two SkyPower solar parks with a total approximate nameplate capacity of 18.5 MW, located in Ontario.
The projects are to be completed by mid 2011. This is the 3rd large financing that Deutsche bank has done this year in Ontario. It is interesting to see that the European banks are more active in this space that the Canadian ones. Read more here about the deals.Agreement signed by SkyPower Limited and Deutsche Bank.
Cleantech industry predictions for 2011
Thursday, December 2nd, 2010Cleantech analysis and consulting company Kachan & Co., with offices in Toronto, Vancouver and San Francisco, has issued predictions for the year across the cleantech sector. And the outlook is generally positive, if the macro economy doesn’t get in the way.
Among the top predictions: a continued flow of venture and corporate multinational capital into cleantech (despite headwinds in the U.S.), renewed biofuel investing, domination by the efficiency sector, a return to early stage investment, and growing interest in nuclear, recycling and mining sectors.
Read all the specifics in Kachan’s cleantech analysis for 2011.
How P2P car sharing could impact Zipcar IPO
Tuesday, November 9th, 2010Canadian cleantech analysis firm Kachan & Co. has been researching whether car sharing can indeed turn a profit, especially in the face of competitive new P2P car sharing startups in the U.S. and Europe.
It’s a timely question, given a $75 million IPO by car sharing company Zipcar expected soon. What kind of performance should investors expect from the company’s offering?
Read more at How P2P car sharing could impact Zipcar IPO.
Venture capitalists failing to embrace B.C. clean tech, climate institute report finds
Monday, October 18th, 2010Investors and companies seeking investment dollars face host of challenges in what is a promising but small market for renewable energy enterprises
Members of B.C.’s clean-tech sector may still passionately wear green-tinted glasses, but a white paper released last week by the Pacific Institute for Climate Solutions (PICS) suggests that all is not rosy in what is considered to be one of B.C.’s most promising emerging sectors.
The industry’s future is hazy because of a lack of direction in the Clean Energy Act and other factors that are deterring venture capitalists from investing in clean-tech companies, according to PICS, which is a Victoria-based think tank.
Cleantech Access to Venture Capital in British Columbia concludes that high capital costs and uncertainty around when and how much revenue companies can generate in an industry known for its long development horizons are among factors keeping venture capitalists away.
Based on two rounds of interviews with venture capitalists, clean-tech executives and government officials, including BC Hydro employees, PICS suggests a number of ways to generate more investor interest in the clean-tech sector, including increasing the B.C. carbon tax and creating a commission dedicated to implementing policy in the Clean Energy Act.
The paper says that the length and delays of BC Hydro’s procurement process don’t help matters in B.C., nor do the province’s cheap electricity rates and a lack of penalties applied to dirty energy. (more…)
Funding key to BC Cleantech cluster
Friday, October 15th, 2010The Pacific Institute for Climate Solutions (PICS) has just released a new report titled, “Cleantech Access to Venture Capital in British Columbia: Analysis and Recommendations.” In it, the main finding is that BC companies are not getting enough access to VC funding. For details, click here.
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Marketwire – Alternative Energy
- BacTech Begins Tailing Sampling at Telamayu, Bolivia May 17, 2012
- W2 Energy Completes Purchase of British Columbia-Based Agri-Green Biodiesel Inc. May 17, 2012
- Lumenpulse Receives U.S. Patent on Technology That Converts Analog to Digital Signals Allowing Lighting Control Over AC Power Lines May 17, 2012
- WEPOWER Ecolutions Presents Orion Lighting Solutions at 2012 RECon, Las Vegas May 17, 2012
- World Mobile Holdings Inc. Approved for OTC Listing May 17, 2012
- Ceradyne Board Approves Regular Quarterly Dividend May 17, 2012
- ILG Energy Helps Clients Maneuver New Fracking Guidelines May 17, 2012
- Vectren CEO Says Natural Gas Prices Good News for Customers, Electric Environmental Investments Paying Off; Mays Retires From Vectren Board May 16, 2012
- Unusual Market Activity in Venoco, Inc. Common Stock May 16, 2012
- QSolar Limited Provides Update on Delay in Filing of Audited Financial Statements Pursuant to Management Cease Trade Order Granted May 16, 2012
Globe Newswire
- Velti CEO Alex Moukas to Present at the Barclays Global Technology, Media and Telecommunications Conference May 17, 2012SAN FRANCISCO, May 17, 2012 (GLOBE NEWSWIRE) -- Velti plc (Nasdaq:VELT), the leading global provider of mobile marketing and advertising technology and solutions, today announced that Alex Moukas, Chief Executive Officer and Wilson W. Cheung, Chief Financial Officer will present at the Barclays Global Technology, Media and Telecommunications Conference, to b […]
- Washington Gold's Chief Operating Officer Elected President of Recreational Gaming Association May 17, 2012HOUSTON, May 17, 2012 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) announced today that Victor Mena, Chief Operating Officer of Washington Gold, owned and operated by Nevada Gold, has been elected President of the State of Washington's Recreational Gaming Association ("RGA"). […]
- SSP America Awarded Major Food and Beverage Contract at Phoenix Sky Harbor International Airport May 17, 2012LANSDOWNE, Va., May 17, 2012 (GLOBE NEWSWIRE) -- SSP America, the North American division of SSP, the leading operator of food and beverage brands in travel locations worldwide is proud to announce today its 10 year, $800 million contract with Phoenix Sky Harbor International Airport that will bring the diverse culinary arts of Phoenix's most celebrated […]
- Photo Release -- Northrop Grumman's Charlottesville Campuses Host USO Stuffing Party May 17, 2012CHARLOTTESVILLE, Va., May 17, 2012 (GLOBE NEWSWIRE) -- More than 10,000 deploying service members will receive "care packages" from the USO thanks to a stuffing party held recently by 130 employees from Northrop Grumman Corporation (NYSE:NOC). […]
- BIDZ.com, Inc. Signs Going Private Merger Agreement May 17, 2012CULVER CITY, Calif., May 17, 2012 (GLOBE NEWSWIRE) -- BIDZ.com, Inc. (Nasdaq:BIDZ), a leading online retailer of jewelry, today announced that it has entered into a definitive merger agreement with Glendon Group, Inc. ("Glendon Group") to be acquired for $0.78 per share in cash. This per share price represents a premium of 59.2% over the Company […]
- Nanophase Announces Plans for Rights Offering to Stockholders May 17, 2012ROMEOVILLE, Ill., May 17, 2012 (GLOBE NEWSWIRE) -- Nanophase Technologies Corporation (OTCQB:NANX), a technology leader in nanomaterials and advanced nanoengineered products, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") for a rights offering to existing holders of its […]
- Naugatuck Valley Financial Corporation Announces Cash Dividend May 17, 2012NAUGATUCK, Conn., May 17, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of Naugatuck Valley Financial Corporation (Nasdaq:NVSL) declared a cash dividend for the quarter ended March 31, 2012, of $.03 per share to stockholders of record on May 28, 2012. Payment of the cash dividend will be made on or about June 15, 2012. […]
- Mercury Computer Systems Awarded Contract to Deliver Rugged, High Density Solid State Data Recorder for Airborne ISR Applications May 17, 2012CHELMSFORD, Mass., May 17, 2012 (GLOBE NEWSWIRE) -- Mercury Computer Systems, Inc. (Nasdaq:MRCY) (www.mc.com), a trusted provider of commercially developed application-ready ISR and EW subsystems for defense prime contractors, announced that it has received a contract from a leading defense prime contractor to provide an advanced solid state data recorder fo […]
- OKI Data Americas to Demonstrate Cloud-Based Total Managed Print(TM) Portal, Serve as Platinum Sponsor of Photizo Group Transform 2012 Global Conference May 17, 2012MOUNT LAUREL, N.J., May 17, 2012 (GLOBE NEWSWIRE) -- OKI Data Americas announces its sponsorship of the Transform 2012 Global Conference, hosted by the Photizo Group, taking place May 24-25, 2012 at the Hilton Bonnet Creek in Orlando, FL. There, OKI will demonstrate the company's proprietary, cloud-based Managed Print Services (MPS) offering, Total Mana […]
- Bravo Brio Restaurant Group, Inc. to Present at Investor Conferences May 17, 2012COLUMBUS, Ohio, May 17, 2012 (GLOBE NEWSWIRE) -- Bravo Brio Restaurant Group, Inc. (Nasdaq:BBRG), owner and operator of the BRAVO! Cucina Italiana (BRAVO!) and BRIO Tuscan Grille (BRIO) restaurant concepts, today announced that the Company will be presenting at the following conferences. […]