States Sue US over Energy Efficiency of Appliances
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Share of Renewables Is Identical in Developed and Developing Countries
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Global Warming Hits New Orleans – The Controversy After the Storm
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Millenium Goals Achievable for Asia-Pacific
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Volkswagen Gets More Aggressive on Hybrids
Volkswagen (VOWG.DE) will develop its own hybrid engine technology for the U.S. and European markets, Europe’s biggest carmaker said. The company also announced it would work with Chinese joint venture partner Shanghai Automotive Industry Corp (SAIC) to develop hybrid technology solely for the Chinese market. VW and its partner will begin making hybrid cars for China in 2008 and may kick off large-scale production of hybrids by 2010. The joint venture will make 500 hybrid Touran cars to be used as people carriers during the 2008 Beijing Olympics. China is the world’s largest consumer of oil after the United States, importing more than a third of its oil needs. Beijing is concerned that an energy shortage could harm economic growth. Beijing has said it wants to raise the average fuel efficiency on vehicles by 15 percent by 2010 from 2003’s levels.
Environmental Power Begins Building Biogas Plant in Texas
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German Solar Company ErSol Seeks IPO
German solar cell maker ErSol Solar Energy AG announced it will go public on the Frankfurt stock exchange. Bookbuilding will start later in September, the company said. The IPO will finance growth of the company’s core business of mono- and multi-crystalline silicon solar cells. ErSol also announced it acquired ASi Industries GmbH, a silicon ingot and wafer manufacturer, effective July 1. A purchase price wasn’t disclosed. ErSol’s 2004 revenues were EUR50 million, rising to EUR33 million for the first half of 2005. Website: [sorry this link is no longer available]
Capstone Turbine Files for $150M Shelf
Capstone Turbine Corp. (CPST.O), a microturbine manufacturer who’s stock has skyrocketed of late, filed a mixed shelf registration with the SEC to periodically sell up to $150 million in common and preferred stock and debt securities.
Western Wind to Build First Farm Near Los Angeles
Western Wind Energy Corp., based in Coquitlam, British Columbia, with subsidiaries in Arizona, California and New Brunswick, is building its first wind farm in Tehachapi, California. The company announced it completed its $550,000 payment for The Windridge Wind Farm, which is about 72 miles from Los Angeles. 43 wind turbines will be on 200 acres of land. The company also plans to build 18 megawatts of additional generation at the site. The purchase includes the balance of a 30-year power purchase agreement with Southern California Edison Co., which expires in 2014. Western Wind Energy will pay the balance of the acquisition by way of a five-year convertible note in the amount of $275,000 at an interest rate of 8 percent per year.
FuelCell Energy Plants to Provide Heat & Electricity for Hospital in Korea
FuelCell Energy, Inc. (NasdaqNM:FCEL), a leading manufacturer of fuel cell electric power plants for commercial and industrial customers, announced that two units will provide electricity for a 650-bed hospital and a wastewater treatment facility in South Korea as part of the government’s commitment to reduce greenhouse gas emissions. One DFC300A power plant will be installed at Chosun University Hospital in Kwangju, a city of 1.4 million, while the second unit will go to the Tancheon Sewage Treatment Plant, serving South Korea’s capital, Seoul. The 250 kilowatt (kW) power plants were sold last year by POSCO (NYSE: PKX), a major South Korean industrial concern. The power plant sales were announced in November 2004 as part the agreement among FuelCell Energy, Marubeni Corp. (TSE:8002) and POSCO to distribute and package DFC power plants in Korea. Both power plants are expected to be operational this fall. The Korean Ministry of Commerce, Industry and Energy (MOCIE) has targeted more than 20 percent of the country’s power generation to be from fuel cells. As part of MOCIE’s long-range plans to foster Korean energy independence and combat global warming, the ministry also is providing 250 billion won (approximately $218 million) through 2008 to develop new and […]