News

• Losses narrow as Clipper looks to investor bailout

  07 October 2010

  US wind turbine manufacturer Clipper Windpower has reported a net third-quarter loss of $26.7 million, narrowing its $120.2 million loss in the same period last year.

• RWE launches renewables venture capital fund

  07 October 2010

  The renewables division of German power giant RWE has launched a €75 million ($105 million) venture capital fund to invest in renewable energy technologies.

• US clean water company eyes $50m AIM listing

  07 October 2010

  Water purification and anti-microbial technology company HaloSource hopes to fuel its global expansion by listing on the UK's Alternative Investment Market (AIM).

• Many risks hinder private sector climate finance - report

  07 October 2010

  Institutional investors have the capacity and appetite to provide finance to help countries mitigate and adapt to climate change but, "the returns must be commensurate with the risks", said Michael Wilkins, global head of carbon markets at rating agency Standard & Poor's.

• UBS establishes clean-tech, renewables banking group

  07 October 2010

  Swiss banking group UBS has formed a global renewable energy and clean-tech group, bringing together bankers from its technology, power and utilities and industrial teams.

• US utilities to meet clean energy targets with coal, nuclear?

  07 October 2010

  Nuclear and cleaner coal would be considered eligible sources in an alternate clean energy standard proposed in the US Senate last week.

• Climate change to become 'strategic priority' at IFC – group head

  07 October 2010

  The International Finance Corporation (IFC) is to make climate change a "top strategic priority", according to the head of its newly-formed climate business group, as the development bank promises to treble its climate-related investments to $3 billion.

• US sustainable business market seen doubling to $60bn by 2014

  07 October 2010

  Spending on energy efficiency measures, emissions reductions, clean-tech R&D and carbon management by US corporations is set to double by 2014 – with some areas of sustainability spending seeing a compound annual growth rate (CAGR) of 50%, according to research firm Verdantix.

• CRC could be revised, stripped of cap & auction

  30 September 2010

  The UK's CRC Energy Efficiency Scheme should be simplified, and plans to introduce a cap and allowance auction should be scrapped, according to the committee set up to advise government on climate change.

• White House holding reins on loan guarantees

  30 September 2010

  The White House is holding back the US Department of Energy's (DOE) efforts to speed project approvals under its loan guarantee programme, said renewable energy experts, urging Congress to restore its full funding.