Tuesday, December 9, 2008

xFruits - 21st Century Regenerative Technology - 12 new items

Evergreen Solar's EverQ Delays IPO, Becomes "Sovello"  

2008-12-09 21:20

Josie Garthwaite - Energy

Prince, aka The Symbol, aka TAFKAP, has nothing on cleantech companies these days. Last week, Aptera’s three-wheeled Typ-1 became the 2e, and SunEthanol renamed itself Qteros the week before that. Now we have Germany-based solar manufacturer EverQ, which late last month became Sovello AG. The name change for this joint venture from Evergreen Solar, Q-Cells and Renewable Energy Corp. comes as part of a larger move to independence, the details of which were unveiled yesterday. According to Cleantech Group, Sovello will take on responsibility for its market position and marketing. It has also switched to a public limited company from a limited liability company, a move designed to make it easier for Sovello to acquire outside capital for expansion that Evergreen had previously planned to finance.

Sovello also said it will put its public offering on hold. As we reported in late 2007, EverQ’s parent companies had been discouragingly vague about a timeline for the spinoff, committing only to preparing the venture for its IPO, not actually seeing it through.

Leaving flexibility to back out now appears to have been a smart move for the venture. In 2007, publicly traded solar companies were seeing enough gains for us to wonder if it might be the year of solar stock. More than 12 months later, however, despite a recent rally for the sector and Sovello’s relatively firm foundation (EverQ ramped up production to 90 megawatts with two plants in Thalheim, Germany, and reported a 115-percent rise in sales for the first three quarters of this year over the same period in 2007), the market looks quite different. Case in point: Q-Cells, Germany’s largest solar manufacturer, led a decline in shares of solar companies in Frankfurt trading after delayed orders from customers and tight financing forced it to cut earnings forecasts for 2008 and 2009.

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Yamaha's Suave Hybrid Electric City-C Bike  

2008-12-09 21:00

Jorge Chapa - Kinetic Energy

yamaha electric bike, plus minus zero bike, electric hybrid bike, PAS City-c limited edition bike

Here’s one to file in the “wish-that-I-could-get-one” department. Yamaha recently revealed their PAS City-C, a sleek battery-powered electric bike that was designed by the famed japanese firm ±0, who are well known for their wall-mounted Muji CD player. The limited edition hybrid-electric bicycle features a sturdy metal frame and an electric motor that provides assistance while accelerating, climbing a hill, riding into the wind, or carrying heavy loads.

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UK Renewable Heat Incentive Launched  

2008-12-09 06:00

Good Energy, the UK's only 100% renewable electricity supplier, is launching Good Energy HotROCs, the country's first renewable heat incentive that pays domestic solar generators money for the thermal energy they produce.
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Spire Signs US $54M Contract for Federal Prison Solar System  

2008-12-09 06:00

Spire Corporation announced that it has received a contract worth US $54.94 million from the Federal Prison Industries Inc., otherwise known as Unicor, to supply solar cells for the Spire-installed turnkey photovoltaic (PV) module factory located at the Federal Correctional Institution (FCI) in Otisville, New York.
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Econcern Plans 720 MW of Wind in China  

2008-12-09 06:00

Econcern has announced agreements that will see €863 million [US $1.1 billion] invested in more than 720 megawatts (MW) of onshore wind farms in China. The announcement was made at the 14th UN Climate Change Conference in Poznan, Poland, as part of the Global Wind Energy Council's (GWEC) "Wind Power Works" campaign.
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Bella Energy Installs Solar Electric Systems on Boulder County...  

2008-12-09 06:00

Boulder County, CO – Bella Energy and Boulder County are installing the largest municipal solar electric project in the Rocky Mountain Region. The project is part of Boulder County's Sustainable Energy Plan to reduce the county's impact on global climate change and to reduce costs by increasing energy efficiency.
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Ocean Currents May Bring Italy More Tidal Energy  

2008-12-09 06:00

Fleets of 50 tidal power plants, each with an installed power of 20 megawatts (MW), anchored far out on the ocean could be used to generate electricity for hydrogen electrolysis, and so supply the world with vast quantities of clean energy in years to come if a pilot project in Italy is successful, scientists say.
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Centrosolar Ramps Up PV Manufacturing Capacity  

2008-12-09 06:00

Centrosolar Group AG has officially opened a solar module factory in Wismar that will produce 150 megawatts (MW) annually from 2010 on. The new site, called Sonnenstromfabrik, will cover a gross area of 47,000 square meters, producing up to 3000 modules daily.
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Novera Plans 20 MW of UK Wind Farms  

2008-12-09 06:00

Novera Energy plc, announced that it has submitted planning applications for two wind farms in Northumberland. Novera now has a total of six sites in planning and said that it expects to submit two further applications for wind developments before the year end.
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SMA America Welcomes New Business Development Manager  

2008-12-09 06:00

ROCKLIN, Calif., Dec. 9, 2008—SMA America, Inc., North America's distributor of the most efficient and reliable solar inverters, welcomes Jeff Kosinski as business development manager.
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SkyPower & SunEdison Secure Financing for First Light Project  

2008-12-09 06:00

SkyPower and its joint venture partner, SunEdison announced they have secured financing with Nord/LB for a 9-megawatt (MW) solar power project being developed by a joint venture between the two companies in Ontario. The project, is being built on approximately 178 acres of land in Lennox & Addington County, Ontario, Canada. Details on the amount of funding were not made public.
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Green Government Facility Named Canada's Solar Project of the Year  

2008-12-08 06:00

Carmanah Technologies Corporation (TSX: CMH) today received the CanSIA "Solar PV Project of the Year Award" for a grid-tied solar power system installed on the Jean Canfield Building in Charlottetown, Prince Edward Island. In accepting the award at the Canadian Solar Industries Association (CanSIA) conference in Toronto earlier today, Carmanah CEO Ted Lattimore expressed his thanks on behalf of the entire project team, and commented on the global shift towards using renewable energy technology to create healthier and more efficient environments in which to live and work.
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Posted by Chad S at 7:47 PM

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