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Cleantech Investment Rises for 2004

According the Cleantech Venture Network, overall cleantech investment in 2004 totalled $1.209 billion, up 3.4% from the $1.169 billion recorded in 2003 and up 11.4% from the 2002 total of $1.085 billion. $3.464 billion of investment has entered the cleantech space since 2002. Additionally, in Q4 2004 investment into clean technology companies increased for the 3rd straight quarter to $314.3 million, up from $311.6 million in Q3. The Q4 total is the largest in three years. In 2004, cleantech investment captured 5.8% of the $20.9 billion of venture capital invested across all industries. Furthermore, in Q4 2004 Cleantech captured more than 6% of the $5.279 billion invested in North America overall, up significantly from 4.7% in the previous quarter. Cleantech now ranks 7th in size as an industry segment behind Software, Biotechnology, Telecommunications, Medical Devices and Equipment, Semiconductors and Networking Equipment. For the second consecutive quarter cleantech investment leaders RockPort Capital and EnerTech Capital were among the most active investors in Q4. They were joined by SAM Sustainable Asset Management with each firm participating in three cleantech financings, as 10 firms participated in multiple cleantech financings in Q4. In total there were 94 unique investors participating in a cleantech investment […]

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China Launches Largest Solar Cell Production Base

According to an article in Asia Pulse, the Nanjing PV-Tech Co., Ltd. has begun construction of China’s largest and most advanced solar cell production base in Nanjing Jiangning Development Zone. The first phase of the project is estimated to cost US$30 million and is scheduled to start production in June. When the three phases of the project are completed by the end of 2005, the plant will have a capacity of 100 MW of solar cells. China’s State Development and Reform Commission is investing 10 billion yuan (US$1.2 billion) to promote solar energy in China. The Chinese Electrical Equipment Group Co., Ltd. (CEEG) plans to generate solar cells totaling 600 MW by 2008, with 15 billion yuan of sales value.

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Colorado Green Could Triple Wind Generation

The Colorado Green Wind Power Project, the fifth largest wind farm in the nation and the largest in the state, may triple in size. The wind farm, which is jointly owned by PPM Energy and Shell WindEnergy Inc., spans 11,840 acres of grassland between Lamar and Springfield. With 108 wind turbines on line, the Colorado Green Wind Project at full power can generate enough power to serve the energy needs of about 52,000 homes and businesses. PPM energy is venturing out on its own, proposing an expansion that will include about 100 turbines in Prowers County and another 100 turbines in Bent County. The company will own 100 percent of the new project. Raimund Grube, director of business development for PPM, said Tuesday that the new expansion will run east and west of the existing Colorado Green Project. The company obtained a special land use permit for 100 turbines from Prowers County officials Tuesday and will seek another permit from Bent County next week. “We are looking for approximately the same amount of turbines in Bent County,” Grube said. Grube said that PPM’s biggest hurdle right now is finding a company to buy the power. The company has sent a […]

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Carmanah Expands Into Australia

Carmanah Technologies Inc. (TSX Venture: CMH) has signed an agreement for Australian distribution of its LED (light-emitting diode) lighting technologies. Orion Solar Solutions of Worongary, Queensland, will represent all Carmanah’s solar-powered LED lights for the marine, aviation, transit and road markets in Australia. “We are pleased to be expanding our sales and service capabilities in Australia and increasing our profile in the Asia Pacific region,” states Carmanah’s CEO, Art Aylesworth. “With its modern, rapidly expanding transportation system and receptivity to new technologies, Australia has the potential to keep pace with our success in North America and Europe.” In June 2004, in the AusLink White Paper, the Australian national government committed $11.8 billion to the country’s land transport system over the next five years. This includes upgrades to road and rail systems and links to ports and airports, as well as the implementation of new technologies to solve transport problems. Carmanah’s cost-saving and energy-saving lighting products for transport are already well-known in Australia and Southeast Asia. Carmanah has marine lights installed at various sites throughout New Zealand, Tasmania and Australia including the famous Sydney Harbour. The world’s first solar-powered bus stops, originally developed by Carmanah for the city of London, England, […]

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