Clean Technology

Canadian firm Zenn agrees to acquire majority stake in US energy-storage company EEStor

Canada-based lead-acid battery-powered electric car seller Zenn Motor Co entered in an agreement to acquire a controlling stake in US-based energy storage company EEStor in a deal valued at $1 million.

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Chinese philanthropist Chen to invest in Taiwan's green energy industry in 2014

High-profile Chinese multimillionaire Chen Guangbiao said he plans to invest in the green energy industry of Taiwan next year, and to tap into the country's solar energy market.

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CSI Holdco sells two solar power plants to PSEG subsidiary

CSI Holdco, a subsidiary of Canadian Solar Inc, has exited two solar power plants called the PSEG Shasta Solar Farm to PSEG Solar Source, subsidiary of Public Service Enterprise Group.

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Brazil's Vale forms joint venture with power company Cemig, reduces stake in controversial Amazon dam

Vale, the world's leading producer of iron ore, agreed to enter into a joint venture with power company Cemig to run six hydroelectric power plants. Vale also halved its 9% stake in Norte Energia, which builds a hydroelectric dam in Amazon, Brazil

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US Department of Energy pours in $13M into solar manufacturing firms

The US Department of Energy (DOE) granted $13 million to five solar companies to help strengthen local solar manufacturing and increase competitiveness in the clean energy market.

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India's NSL Power to invest $45 million for Maharashtra wind farms

India-based power firm NSL Renewable Power Private Limited (NSL Power) is said to have plans to pour in $45 million to build new wind farms in Maharashtra through a special purpose vehicle called Jath Wind Energy Private Limited.

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RRJ takes China Everbright International stake for $350M

Hong Kong-based private equity fund RRJ Capital Ltd bought a 7.85% stake in renewable power developer China Everbright International Ltd in a deal valued at $350 million.

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American Efficient snags $2.5M to promote renewable energy in the US

San Mateo, California-based firm American Efficient launched today with a $2.5-million funding it received from Clean Pacific Ventures to help US residents switch to renewable energy products and suppliers.

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NSW government exits renewable energy assets

The New South Wales government will be selling the assets of Green State Power to fund new infrastructure projects in the state, with the deadline for expressions of interest set on January 28.

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SunFarmer to build solar power project in Nepal with SunEdison grant

SunFarmer, a non-profit developer of solar power in impoverished areas, will construct its first solar power project in Nepal using a USD2 million grant from SunEdison Inc. SunFarmer is seeking donations to build 100 solar projects in the country.

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China WindPower secures USD81 million funding from China Development Bank

China Development Bank Corp. has committed CNY490 million (USD81 million) to clean-energy operator China WindPower Group's solar farm projects in two Chinese provinces. CDB has provided a total of CNY1.23 billion to China WindPower's previous projects.

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PensionDanmark to invest GBP153 million in UK wind farms

Denmark-based pension fund PensionDanmark is set to invest GBP153 million in six onshore wind farms of Falck Renewables, in a deal that will give the Danish firm a 49% stake in the energy sites in Wales and Scotland.

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Tata Cleantech Capital may finance up to INR 25 billion of clean energy projects in India

Joint venture company Tata Cleantech Capital Ltd said in a Bloomberg interview that it could finance up to USD 401 million in Indian renewable and energy efficient projects.

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Germany-based SolarWorld buys Bosch Solar Energy

Germany based energy firm SolarWorld has bought Bosch Solar Energy in an effort to increase its influence and market share in the solar energy industry.

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Gaelectric raises EUR90 million for wind project

Gaelectric has received a funding of over EUR90 million from Irish and German sources for its third operating wind farm project in Dunbeg. Earlier this year, the wind farm company nabbed EUR65 million in debt financing.

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