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Borrego Solar closes $47 million for California solar projects

Borrego Solar Systems, Inc. closed a $47 million fund with U.S. Bank and East West Bank to back solar energy projects for corporate, educational and municipal customers in California and Massachusetts. The fund will finance 6 megawatts’ worth of solar energy systems in California, which include 10 projects for three school districts. Borrego Solar will also use the fund for two solar power installations in Massachusetts, one of which will be one of the largest in the state with a 4.7-MW generation capacity.


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Joint U.S.-Israel R.E. and efficiency projects to have fund access

A joint United States-Israel organization is looking for potential renewable energy projects co-developed by companies from the two countries that could get as much as $1 million in technological funding. The call for proposal comes from BIRD Energy which was created by the Energy Efficiency and Renewable Energy Office, a U.S. Department of Energy agency, and the Israel Ministry of Energy and Water Resources.


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Enerkem prepares for U.S. initial public offering

Montreal-based waste-to-biofuel company Enerkem Inc. said it is preparing for an initial public offering of its common shares on the Nasdaq Global Market and the Toronto Stock Exchange. On Friday, Enerkem filed to register as a foreign issuer with the United States Securities and Exchange Commission. The company also filed a preliminary prospectus with securities regulatory authorities in each of the provinces and territories of Canada.


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U.S. D.O.I. says mid-Atlantic wind leases environmentally safe

The United States Department of the Interior said opening up the mid-Atlantic Outer Continental Shelf area for renewable energy projects will not have significant negative impacts – a finding allowing the agency to move forward with issuing leases for the said resource-rich areas. Last week, the agency said a comprehensive environmental assessment of the resource found that there would be no significant environmental and socioeconomic impacts from issuing wind energy leases in designated areas off the mid-Atlantic coast.

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San Jose top ‘solar city’ in California

California’s third-largest city is still on top of the list of “solar cities” in the U.S.’s leading solar state, according to panel installer SunRun and market data provider PV Solar Report. In 2011, San Jose had 312 homeowners buying solar panels. But SunRun said there’s been a significant increase in customers choosing “solar power service,” where the latter can go solar without actually buying panels. San Jose in fact had 648 homeowners opting for this service instead, SunRun said.


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PG&E customers who don’t want ‘smart meters’ can now ‘opt out’

The California Public Utilities Commission has approved modifications to Pacific Gas and Electric Company’s “smart metering” program which provides for an option for customers who do not want to have wireless smart meters in their homes to remain in or switch back to analog meters. PG&E’s “SmartMeter” program aims to install advanced meters throughout Northern and Central California that it says will allow customers to save on their utility bills by offering them more information and control over their energy usage, which the technology offers.

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MidAmerican completes acquisition of First Solar’s 550-MW Topaz farm

Iowa-based MidAmerican Renewables L.L.C., a subsidiary of Warren Buffett’s MidAmerican Energy Holdings Co., has completed its acquisition of First Solar, Inc.’s 550-megawatt Topaz Solar Farm which was first announced in December last year. The Topaz solar farm, amounting to more than $2 billion, is currently under construction in San Luis Obispo County, California, and is expected to generate enough energy to power approximately 160,000 California homes.

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Kior closes $75 million four-year loan

Getting a financial strength boost, Khosla Ventures-backed next-generation biofuels company Kior, Inc. obtained a four-year $75-million loan from its investors, a lender group of an affiliate of Vinod Khosla and two Canadian corporations owned by Alberta Investment Management Corporation.


Hearing of delisted CleanTech Innovation’s lawsuit postponed

The hearing of a lawsuit filed by Chinese wind turbine tower maker CleanTech Innovation against Nasdaq Stock Market, L.L.C. was postponed last week, although the trial is expected to open soon, reported, citing Xinhua. CleanTech Innovation, which has a corporate office in Tieling City in Liaoning Province, China, sued Nasdaq Stock Market and Nasdaq OMX Group Inc. for $300 million in damages on January 5 following its delisting from the Nasdaq. The turbine tower manufacturer is accusing the latter of racism and discrimination, which it denies.


U.S. biodiesel industry produces 1 billion gallons in 2011

The United States produced roughly 1 billion gallons of biodiesel in 2011, a near-tripling of 2010 figures, the National Biodiesel Board said. The group, a national trade association which represents the U.S. biodiesel industry, said the industry’s 2011 comeback, after a year of retraction, generated receipts amounting to $3 billion in gross domestic product.


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