Hiroshi Development, LLC Closes Initial $300 Million to Fund Renewable Energy and Technology Projects

Hiroshi Development, LLC addresses an opportunity in the renewable energy market that neither traditional private equity nor venture capital investors currently address. Renewable energy financings require a strong understanding of project equity, senior and subordinated debt structures, regulatory compliance, fuel supply and power purchase agreements. Because of its unique structure and management team, HD has the necessary skills to successfully... Read more..

DTE Biomass Energy Project Begins in Ohio

Bellefontaine Gas Producers LLC today started commercial operation of its landfill gas-to-energy project at the Republic Services-owned Cherokee Run Landfill here. The renewable energy project is owned by Bellefontaine Gas Producers LLC, which is a joint venture between DTE Biomass Energy and Shaw Environmental & Infrastructure Inc. The project, which utilizes three Caterpillar engines for a capacity of 4.8 megawatts, will sell energy produced... Read more..

Prudential Capital Group Joins Syndicate in Raser’s Thermo Project Financing

Raser Technologies, Inc. announced that Prudential Capital Group, an institutional investment division of Prudential Financial, Inc., purchased the permanent debt financing for Raser’s 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah, from the original project financier. The approximately $31 million of non-recourse debt financing helped construct the Thermo geothermal power plant which completed major construction elements last... Read more..

Environmental Power Announces Offering of Convertible Notes to Fund Renewable Energy Projects

Environmental Power Corporation announced the offering of its 13% Convertible Notes due January 1, 2014. Proceeds from the sale of the notes will be used to fund the construction and operation of the renewable energy projects being developed by Environmental Power’s subsidiary, Microgy, Inc., and its affiliates. The notes will be offered at par, bearing interest at a proposed rate of 13% per annum and include conversion provisions over the term... Read more..

Covanta Wallingford Receives OSHA VPP Star Award for Workplace Safety and Health Excellence

Covanta Energy, a world leader in the development and operation of large scale Energy-from-Waste and other renewable energy projects, today announced its Wallingford, CT facility was awarded the Federal Occupational Safety and Health Administration (OSHA) Voluntary Protection Programs “VPP STAR” designation for workplace safety and health excellence. The “VPP STAR” recognition is the highest honor given to facilities demonstrating... Read more..

Samsung Everland To Install 12 UTC Power Fuel Cell Systems for GS Power in Korea

UTC Power, a United Technologies Corp. company, announced that Samsung Everland has purchased 12 UTC Power 400 kW fuel cell systems for installation at a GS Power plant in the Town of Anyang, just outside Seoul. GS Power will use the electricity from the fuel cells to provide power for about 5 percent of Anyang’s population, with 40,000 megawatt hours total annual power output expected. The 4.8-megawatt plant will be operational in September... Read more..

Progress Energy Carolinas Again Seeking Renewable Energy Projects

Progress Energy Carolinas is again seeking proposals for potential renewable energy projects and alternative energy providers, as part of the company’s balanced strategy for meeting the growing energy needs of 1.4 million households and businesses in the Carolinas. The company issued an open-ended request for renewable proposals in November 2007, and received a number of proposals for solar and biofuels energy projects. Although the request... Read more..

TGI Solar Power Group Inc. to Develop a 10 MW Solar Facility in the Czech Republic

TGI Solar Power Group Inc., a full turnkey supplier of vertically integrated systems for a variety of applications from Solar Parks (solar to grid) to commercial markets, and Czech-based European Estate Capital, a regional solar developer, announced today plans to collaborate on a 10 MW power station to be located in the Czech Republic. TGI Solar and European Estate Capital have signed a memorandum of understanding (MOU) that outlines plans for cooperation... Read more..

GDF SUEZ Completes Acquisition of Econergy International, a Renewable Energy Company

GDF SUEZ Energy International completes the acquisition of Econergy International for roughly 39 million GBP (approximately EUR 50 million). Econergy, a US company listed in the UK, is focused on renewable energy projects in Latin America (mainly) and North America. In addition to developing sustainable energy projects, the company is also actively engaged in the carbon credit markets and provides consulting services on renewable energy, energy efficiency... Read more..

BlueFire Ethanol to Present at Renewable Energy Finance Forum-West October 27-28

BlueFire Ethanol Fuels, Inc., a company changing the world’s transportation fuel paradigm through the production of ethanol from non-food cellulosic wastes, has been invited to present at the Renewable Energy Finance Forum-West (REFF-West) being held at the Grand Hyatt Hotel in Seattle on October 27-28, 2008. BlueFire Ethanol CFO, Christopher Scott, is scheduled to present in the emerging technologies session on Tuesday, October 28, from 1:45 p.m.... Read more..