Sungevity has completed a series of venture capital and project financings securing up to $125 million. The funding includes $40 million in equity financings raised in 2012 led by Oakland-based impact investment fund, Brightpath Capital Partners, and home improvement retailer, Lowe’s. New equity investors Vision Ridge Partners, Craton Equity Partners and Eastern Sun Capital Partners, LLC, also participated. The funding …
U.S. Advanced Energy to Grow 19% Year-Over-Year
A new report shows that advanced energy became a $1.1 trillion market globally in 2011, outpacing even pharmaceutical manufacturing worldwide, and the U.S. sector is expected to have grown by 19 percent last year, with American revenues rising to $157 billion. The report from Advanced Energy Economy highlights how in 2011 alone, this advanced energy sector, including hydropower, solar, wind, …
Evance Wind Turbines Receive Certification
Evance Wind Turbines, a manufacturer of small wind turbines, has received full certification from the Small Wind Certification Council (SWCC) for its 5kW R9000 turbine. The SWCC is a U.S.-based independent body that certifies small turbines for performance and safety. The Evance R9000 successfully passed rigorous safety, function, performance and durability testing, in accordance with the American Wind Energy Association …
Renewable Energy Installed Capacity Grows by Leaps and Bounds
The Federal Energy Regulatory Commission’s Office of Energy Projects has released its latest “Energy Infrastructure Update,” and finds that renewable energy sources including biomass, geothermal, solar, water, and wind, accounted by 49.10 percent of all new domestic electrical generating capacity installed during 2012. The total was 12,956 MW and more than a quarter of that new capacity, or 3,276 MW, …
Ceres Awarded Zayed Future Energy Prize
Ceres has been awarded the top prize in the non-governmental organization (NGO) category of the Zayed Future Energy Prize that honors innovative companies who have had a positive impact and shown strong leadership in the renewable energy and sustainability sectors. The award is part of the World Future Energy Summit, and this year’s awards attracted 579 submissions from companies in …
January 15 is Iowa Wind Day
January 15, 2013 is Iowa Wind Day at the Capitol, in Des Moines, Iowa. Iowa Governor Terry Brandstad will be a featured speaker during the event and other speakers include Kathleen Law, the Iowa Wind Energy Association’s (IWEA) Board of Directors President, and Harold D. Prior, IWEA’s executive director. The free event will feature more than 20 exhibitors representing many …
Los Vientos I & II Wind Farms Completed in Texas
Los Vientos I & II wind farms have been completed in south Texas and now operational, have the capacity to produce 402 megawatts of wind power. Both projects are owned by Duke Energy Renewables and the project marks the company’s largest wind-power project to date. With the geographic location, approximately 120 miles south of Corpus Christi and 20 miles inland …
Subsidies, Initiatives & New Efficiency Drive Profits
According to a new report, companies that invest more money in the research and development more efficient means of producing renewable energy, the better able the company is to satisfy consumers and drive growth. Additional growth is, and can be continued, through government subsidies and initiatives. Recently, there has been an increase in investments in the renewable energy field, especially …
New Markets Tax Credits Spur Investment
There is a little secret in the renewable energy sector that many don’t know about – New Markets Tax Credits. These tax credits provide incentives for private investors to help fund projects that create jobs and diversify economics, and were extended for another year as part of the American Tax Relief Act. Congress first established the program in 2000 to …
Ocotillo Wind Project Online Via New Transmission Line
There is a new transmission line up and running between San Diego and the Imperial Valley in California. The 117-mile 500-kv transition line, “Sunrise Powerlink” is transmitting energy from the now operational Ocotillo Wind project to residents and businesses in Southern California. The 265 megawatt (MW) wind power project consists of 94 turbines with an additional 18 turbines to be …