Clean Technology

GDF Suez

EDF, GDF Suez vies to win offshore wind projects in France

France's two largest petroleum and electric utility firms are vying to develop two 500-megawatt wind projects near Le Treport in France. The French government opened the bidding earlier this year to attract investments of about EUR3.5 billion.

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Masdar Clean Energy

Masdar Clean Energy announces investment in Jordan's first major wind farm

Masdar Clean Energy announced its participation in the USD290-million Jordan Wind Project Company (JWPC), the company's first renewable energy investment outside the United Arab Emirates.

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Goldpoly New Energy Holdings Ltd

Goldpoly New Energy Holdings enters agreement to purchase equity stake in solar farm projects

Chinese photovoltaic solar farm operator GoldPoly New Energy Holdings will be purchasing an 80% equity stake in solar farm projects for HKD 100 million or USD 12.9 million.

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Namibia Power Corp

NamPower to raise USD496 million for grid investment

Namibia Power Corp (NamPower) plans to raise NAD5 billion (USD496 million) to fund the expansion of its transmission networks and power generation over the next five years, according to the firm's managing director.

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Silicon Valley

VC sentiment in Silicon Valley hit the highest level since the 2008 recession - report

Valuation results in 3Q13 showed a noticeable increase over 2Q13, including the greatest difference between up and down rounds in over six years. The software industry was especially strong, not only valuation-wise, but also in the number of deals.

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New York bets USD225 million on green energy

The New York governor announced that the state is investing USD225 million in clean tech startups Soraa and Silevo to build two research and development facilities in Buffalo.

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Tesla Model S

Tesla CEO awaits for Feds to clear Model S in Fires

Tesla CEO Elon Musk is confident that the Model S vehicle would soon be cleared and deemed safe by federal investigators. He isn't expecting a recall and said Tesla engineers are not currently working on any fixes for the vehicles and has instead amended its warranty to cover fire loss in crashes.

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Green Infra Ltd

CDC Group set to back Green Infra with USD 25 million investment

CDC Group said they would be backing New Delhi-based renewable energy developer Green Infra Ltd with a USD 25 million investment to enhance the latter's production capacity.

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Solar Power

Private equity firms turn away from renewable energy investments- report

A report from the Financial News website said private equity companies were now looking for investments in fossil fuels prompted by large discoveries of shale gas in the US.

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Federal Reserve of New York

What to watch in the week ahead

Investors remain inclined to take markets higher in the absence of anything that would suggest equities should fall. The market seems to have hit a stage where strong data helps and weak data affirms the Fed's intentions to keep policy accommodative, which also helps stocks.

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Clean-technology company Therma Flite obtains USD7.5 million funding

Clean-technology company Therma-Flite recently closed a major funding round with Canadian private equity and venture capital firm XPV Capital. Therma-Flite said it raised USD7.5 million in financing.

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BNP Paribas

Top deals of the day - Mergers & Acquisitions

The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.

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solar power

Goldpoly teams up with Kunlun for joint acquisition of 500MW solar power plants

Goldpoly New Energy Holdings Limited entered into a framework agreement with Kunlun Trust Co., Ltd for a joint acquisition of 500MW of solar energy plants in China and Mongolia.

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US Federal Reserve

What to watch in the day ahead

Cisco is expected to report higher quarterly profit for its fiscal first quarter of 2014. The report may uncover any evidence of sales pressure from the U.S. federal government shutdown and weakness in China.

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