Ming Yang sees loss in 2012, looks to China and India for 2013

China Ming Yang Wind Power Group Limited ended the year 2012 with a gross profit of $59.4 million despite a total comprehensive loss of $48.7 million. “2012 was a very tough year not just for us but also for the whole industry around the world,” commented Mr. Chuanwei Zhang, chairman and chief executive officer of Ming Yang. Ming Yang is one of the top ten wind turbine manufacturers worldwide and is the largest non-...

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China leads in clean energy investments with $65.1 billion in 2012

China garnered the most clean energy investment in 2012, with a stout 20 percent increase while investment in the United States and the European Union fell, according to a new report of non-profit group The Pew Charitable Trusts. The report showed China attracted $65.1 billion worth of renewable energy investments last year, earning it the top spot and marking the third time that it bested investment in...

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China Sunergy sees almost 400 MW of solar panel shipments in 2012

In 2012, solar cell and module manufacturer China Sunergy shipped around 391.0 megawatts worth of solar panels for total revenue of $292.7 million. The solar cell and module manufacturer’s sales in Germany, Japan, France and the United Kingdom have remained robust but China Sunergy is struggling with the oversupply in the global solar market. The shipments for the full year ended December 31, 2012 showed a decrease of 7.0...

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Xzeres Corp. gets $6.5 million to expand small wind turbine business

Small wind turbine company Xzeres Corp. has obtained a new $6.5 million credit facility to support its 2013 near term and strategic growth objectives. Xzeres designs, manufactures and markets wind turbines with capacities of 2.5 and 10 kilowatts for the commercial, light industrial and residential markets. "While utility-scale wind has garnered the lion's share of attention, we believe the...

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Blume Distillation gets $2.2 million in financing round for bioethanol production

Blume Distillation LLC, a provider of bioethanol production equipment, has closed its Series A financing round, earning $2.2 million to accelerate the assembly of their prototype bioethanol production systems. Blume Distillation develops and designs turnkey appropriate-scale equipment for the production of bioethanol from waste and surplus resources as well as native and cultivated crops. “For communities all over the...

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XL Hybrids raise $4 million in funding for hybrid electric powertrain technology

XL Hybrids, Inc. has raised $4 million in a series B investment round to ramp up the delivery of its hybrid electric powertrain to existing and new customers. XL Hybrid’s low-cost hybrid electric powertrain was designed for class 1 to 3 commercial fleet vehicles. The system can be installed in existing vehicles or as an upfit on a new one. By storing energy wasted in braking and reapplying it during...

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Tasnee, Dyesol investing in dye solar cell technology

Saudi Arabian industrial company Tasnee and Australian technology company Dyesol have entered a strategic investment agreement by which Tasnee will invest $4 million Australian dollars in Dyesol’s operations. The investment will be made in the form of a 15-month redeemable loan note, convertible into Dyesol shares at 16.6 cents power share, with a 0 percent coupon (as is required by Saudi Arabian law).In addition,...

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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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