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Fri12192014

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W2 Energy enters South East Asian clean fuel market with Malaysian acquisitions

Green technology company W2 Energy is acquiring Malaysian biofuel business AM Biofuels. The companies have signed a memorandum of agreement by which W2 Energy will buy 51 percent of AM Biofuels from its shareholders. The acquisition is valued at $5,500,000 and is part of W2 Energy’s plans to expand their fuel business in South East Asia. AM Biofuels, located in Pasir Gudang Port of Johor Malaysia, owns and...

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Toshiba acquires Consert Inc., expands smart energy offerings in North America

Japan’s Toshiba Corporation is increasing its foothold in the smart community business in North America with the acquisition of intelligent energy management company Consert Inc. The operations of Consert Inc. will be integrated in Landis+Gyr, a Toshiba Group company and a global provider of integrated energy management products. Consert, through its Virtual Peak PlantTM offering, delivers a fully-integrated,...

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Blue Energy acquires RidgeWind and its on-shore wind portfolio

Blue Energy, a British developer of renewable energy infrastructure, is acquiring RidgeWind and its 177- megawatt wind power portfolio. RidgeWind is one of Britain’s leading independent onshore wind farm developers with a portfolio of 45 megawatts of projects in late stage construction and 132 megawatts with planning permission. Blue Energy expected to invest £250 million ($393 million)to acquire RidgeWind and build its development portfolio...

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Venture investments in clean tech hit $6.46 billion in 2012 - report

Clean technology investments in 2012 dropped to $6.46 billion from $9.61 billion in 2011, according to a preliminary report by global market intelligence firm The Cleantech Group. Similarly, the number of deals tracked last year fell to 707, which was 15 percent lower than the 829 recorded in 2011. Of the 704 deals, 60 percent were Series B or later rounds, accountable for about 90 percent of the total investments during the quarter...

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Proterra gets $24 million in funding for its electric buses

Clean technology company Proterra has closed $24 million in series B investment to continue commercialization of their zero-emissions transport solution, the EcoRide. The EcoRide is a 35-foot, low-floor composite body pure battery electric transit bus. This latest round of investment will accelerate its deployment to new U.S. transit customers as well as fund the company’s efforts to open new markets...

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LightSail gets $37.3 million for compressed air energy storage systems

Berkeley, California-based startup LightSail Energy – which developed an energy storage system using compressed air – raised $37.3 million in Series D funding. The recently closed funding round was led by San Francisco investor Peter Thiel. Khosla Ventures, who incubated the company, Bill Gates, Innovacorp and several other investors also participated. “This investment round will enable LightSail to bring...

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China leads second quarter clean energy investments

China took the lead in investments in renewable energy this quarter, according to a recently published report by Bloomberg Energy Finance. The country saw $18.3 billion in investments in the April-to-June quarter, which is 92 percent higher than the previous quarter, with several large solar photovoltaic and wind projects delivering hundreds of millions of dollars in financing.

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EcoMotors Series C round collects $32.5 million

Michigan-based startup EcoMotors International has completed its Series C round, gaining new investments totaling $32.5 million for their low-emission “Opoc” engine. “Opoc” stands for opposed piston-opposed cylinder, a description of an engine that can run on a number of different fuels including gasoline, diesel and ethanol.

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Soladigm gets $55 million in financing for energy efficient building glass

California-based Soladigm closed $55 million in equity financing for the commercialization of their energy efficient Dynamic Glass products. Dynamic Glass is a smart building material that can change its tint from clear to dark on demand to allow occupants to control the amount of light and heat entering the premises.

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JinkoSolar reports $57 million loss for the first quarter of 2012

Economic uncertainty in Europe and a global oversupply of solar products led to a weak first quarter for Jiangxi-based JinkoSolar, which reported a net loss of 356.3 million yuan ($56.6 million). The solar power products manufacturer saw an increase in shipments for the first quarter ended March 31, 2012 to 249 megawatts from 227 MW in the fourth quarter of 2011. But it still incurred an operations loss of 306 million yuan.

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