Africa Oil Corp. reports that 99.5% of the Company’s share purchase warrants that were issued pursuant to a private placement in April 2009 were exercised as of the expiry date of December 23, 2010. The warrant exercise resulted in gross proceeds to the Company of approximately CDN$55.8 million. The December 23, 2010 expiry date was an accelerated expiry as announced on November 22, 2010. The closing price of the Company’s common shares... Read more..
The AES Corporation announced that its wholly-owned subsidiary, Wind Energy (North Rhins), Limited, secured £35.1 million in long-term financing to construct and operate the 22 MW North Rhins wind farm in Scotland, UK. The £35.1 million facility is a non-recourse senior project construction and term loan from Barclays Commercial Bank. The loan is repayable over 15 years from the start of commercial operation, which is scheduled for October 2009. The... Read more..
MDV-Mohr Davidow Ventures, a leading Silicon Valley venture capital firm, announced that it has backed Laurus Energy, the North American leader in Underground Coal Gasification (UCG) project development. Laurus also announced today that top energy executive Rebecca McDonald has joined as CEO. “Given the huge demand for energy in the U.S. and abroad and world’s vast coal reserves, we’ve been searching for companies developing gasification... Read more..
Centriforce Technology Corp.’s new desalination technology is designed to reduce the amount of energy needed to produce fresh water and reduce the environmental impact compared to existing technologies. Current desalination processes that convert salt or brackish water into fresh water require significant energy input and expense. Centriforce’s process will yield fresh water at a lower cost and be friendlier to the environment. In the... Read more..
Chiyoda Corporation, Japan’s leading engineering and construction firm, has been awarded a contract by Tokuyama Corporation for the Front-End Engineering Design (FEED) of a polycrystalline silicon plant in Malaysia. The FEED work is scheduled to be completed in the first half of 2009. 1. Client: Tokuyama Corporation 2. Contract Details: FEED work for a polycrystalline silicon plant (annual production scale of 3,000 tons) 3. Planned Construction... Read more..
Solargy Systems Inc. announced it has hired Cinergex Solutions Ltd, a Canadian provider of Waste to Energy (WTE) technology and equipment, to begin work on a $120 million energy facility that will be operated by Solargy Systems. The facility will generate over $100 million in revenue and open the door for additional facilities, using the Solargy model of combining solar and waste to create efficient power. “Selecting Cinergex as a partner was... Read more..
Greenline Industries, provider of clean-tech energy platforms, and Lummus Corp., premier supplier of cotton ginning equipment under the Lummus brand and seed cleaning and crushing equipment under the Carver brand, have formed a relationship to provide comprehensive solutions for customers. “Cottonseed oil is becoming a major feedstock for biodiesel around the world,” said Michael Brown, CEO of Greenline Industries. “Teaming up with... Read more..
In the wake of the global financial crisis and the growing global awareness of green energy, SDE Energy Ltd., a developer of an innovative technology for sea wave power generation, has recently received a 25 year concession to build sea wave power plants with a total capacity of 100MW from a Moslem country in Africa. The cost of this project is US $100 million dollars and the expected revenues from the electricity sold are estimated to be approximately... Read more..
Denham Capital, a leading energy-focused global private equity firm, announced today that it will invest equity of up to R1,5 billion (US $150 million, 95 million pounds Sterling) in BioTherm Energy, a South African developer, owner and operator of renewable and clean energy generation projects. Commenting on Denham Capital’s investment, Buyelwa Sonjica, South Africa Minister of Minerals and Energy said, “Having opened BioTherm’s... Read more..
Argus, the international energy price reporting agency, has launched daily price assessments for Vityaz and Sokol crude oil from Russia’s Sakhalin island. Argus is the first price reporting service to offer daily assessments of Vityaz, whose output is expected to be around 90,000 b/d this year, rising to an expected plateau of 150,000 b/d from 2010. Vityaz is now sent by pipeline to the south of Sakhalin and can be exported without winter ice... Read more..