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Articles on Finance & Investment

• ADB to help create funds for clean energy projects for Pakistan, other Asian countries
  Apr 18, 2008 - Asia Pulse Data Source
  
  The Asian Development Bank will help establish five private sector funds targeting investments of up to $1.2 billion (750 million euros) for clean energy projects in Asia, the bank said Thursday. The Manila-based bank said it will provide $20 million (euro12.56 million) to each of the five private equity funds, for total seed money of $100 million (euro63 million).
  
  
• Clean-Energy Trends 2008
  Mar, 2008 - CleanEdge
  
  Amid a challenging economic outlook—plummeting housing prices, rising foreclosure rates, record-high oil prices, sinking consumer confidence, looming recession—2007 was another banner year for clean energy, with no signs of a slowdown in 2008. Solar, wind, biofuels, geothermal, energy intelligence, hybrid- and all-electric vehicles, advanced batteries, green buildings, and other clean-energy-related technologies and markets provided bright spots in an otherwise sluggish economy.
  
  
• Pressure, private cash driving clean energy
  Feb 6, 2008 - The Associated Press
  
  NEW YORK (AP) -- High oil prices and growing concerns about the environment may drive more than $7 trillion of new investment in so-called clean energy technologies by 2030, an energy research group says.
  
  
• Clean Energy Investment Exceeds $117 Billion in 2007
  Feb 6, 2008 - EERE Network News
  
  The global investment in clean energy grew 41% in 2007, reaching $117.2 billion, according to analysts at New Energy Finance, Ltd. Wind power drew the greatest amount of investments, followed by solar energy and energy efficiency, while biofuels investments slowed due to surging costs for crops. The majority of the funds, $54.5 billion, were used to finance assets such as biorefineries, wind farms, and solar power plants. In fact, nearly half of that went toward wind energy investments. Meanwhile, solar project investments of $5.9 billion represented an 82% increase over investments in 2006, driven partly by large solar energy facilities in Spain and Italy. Solar energy also became the leading clean energy candidate for venture capital and private equity investment, attracting $3 billion of new equity. Much of that went toward solar energy startups in the United States; HelioVolt alone raised $101 million. Clean energy stocks also did well, as thin-film solar power company First Solar led the pack with a nearly 8-fold increase in price.
  
  
• Big banks take issue with coal plants
  Feb 5, 2008 - The Associated Press
  
  Three of the nation's largest investment banks said Monday they've developed new environmental standards to help lenders evaluate risks associated with investments in coal-fired power plants.
  
  
• Abu Dhabi Commits US$15 Billion to Alternative Energy, Clean Technology
  Jan. 21, 2008 - /PRNewswire-USNewswire/
  
  In the opening ceremony of the World Future Energy Summit here today, Abu Dhabi announced the most ambitious sustainability program ever launched by a government -- an initial investment of US$15 billion in projects targeting solar, wind and hydrogen power; carbon reduction and management; sustainable development; education; manufacturing; and research and development.
  
  
• Transmission Congestion And Investment Analysis
  2088 - ICF International
  
  Transmission access is central to maintaining workably competitive power markets and to achieving expected returns on power plant investment. Declining investment in transmission capacity in recent years presents risks and opportunities in the power markets for the investors and owners of both generation and transmission assets. The winners will be those who are able to take a forward view of the marketplace and adopt strategies that will minimize risks and maximize value from the ownership and utilization of transmission. ICF International can help you to assess these factors in many ways.
  
  
• Cities offer cash, perks to entice residents to go green
  Dec 27, 2007 - Brian Skoloff - The Associated Press
  
  Free hybrid car parking. Cash rebates for solar panel installations. Low-interest loans for energy-efficient home renovations. Tearing up that water-thirsty lawn in the parched Southwest? The check's in the mail, courtesy of a city government.|
  
  
• BP Solar to Build 300MW Solar Manufacturing Plant in Spain
  Dec 11, 2007 - Clean Edge News
  
  BP Solar, a European market leader in the design, manufacture and marketing of photovoltaic solar energy, will begin construction in the second quarter of 2008 of a module assembly factory in the industrial park of La Nava II, in Puertollano (Castilla La Mancha). This represents an investment of around 100m Euros.
  
  
• Renewables Research to Get Boost From Google Goal to Oust Coal
  Dec 6, 2007 - California Energy Markets
  
  Google plans to spend hundreds of millions of dollars in coming years to make electricity from renewable sources cheaper than that generated from coal.
  
  
• Fortis and BBVA to Lead $185 Million Senior Secured Financing for New 164 MW Wind Farm
  Nov. 30, 2007 - /PRNewswire/
  
  NEW YORK - Fortis and BBVA, today announced that they have been selected to be Joint Bookrunners and Joint Lead Arrangers for a $185 million Senior Secured Financing that will support construction and operation of NedPower Mount Storm LLC (the "Project"), a new 164 MW wind farm in Grant County, West Virginia. Shell WindEnergy, a division of Royal Dutch Shell , one of the largest wind farm owners in the world, and Dominion one of the largest producers of energy in the U.S., are sponsoring the Project and will own it on a 50/50 basis. Fortis will also act as Administrative Agent and Security Agent for the Project.
  
  
• Iberdrola Renewable's Unit IPO Set For Dec 13
  Nov 22, 2007 - Dow Jones News
  
  MADRID -(Dow Jones)- Shares in Iberdrola Renovables, the renewable energy unit of Spanish power utility Iberdrola SA (IBE.MC), are set to start trade Dec. 13, in one of the biggest initial public offerings in Spain.
  
  
• Government of Canada Invests in Canada's Largest Wind Energy Project
  Nov 8, 2007 - Marketwire
  
  The Honourable Tony Clement, Minister of Health and Minister for the Federal Economic Development Initiative for Northern Ontario, was at the Prince Wind Energy Farm today to announce more than $53 million in funding, over ten years, for the largest wind energy project in Canada. Minister Clement, speaking on behalf of the Honourable Gary Lunn, Minister of Natural Resources, was joined by Mr. Harry Goldgut, Chairman and Co-Chief Executive Officer of Brookfield Power, to make the announcement.
  
  
• U.S. Winds Morph into a European Power Play: EU Firms Are Attracted to Open Space and Generous Subsidies for Green Energy
  Nov 8, 2007 - International Herald Tribune
  
  The European Union has taken the lead on many climate change issues - from ratifying the Kyoto Protocol to passing laws to require and encourage the development of renewable energy. Why, then, are so many European energy companies looking to invest in the United States?
  
  
• Wind Turbine Supply Will Catch Up with Demand - Panel
  Nov 6, 2007 - Wind Energy Weekly
  
  lobal supply and demand for wind turbines and related components should begin to balance out in 2009 and into 2010, although the industry value chain is still significantly hindered by policy uncertainty, said panelists in a session that tackled supply chain issues at the AWEA 2007 Wind Energy Fall Symposium.
  
  
• Vestas Q3 revenue increases
  Nov 07, 2007 - Datamonitor
  
  Vestas, the Danish wind turbine maker, announced revenue of E1.5 billion for the third quarter of 2007, compared to E842 million for the same quarter of 2006.
  
  
• Looking for green returns
  Oct 28, 2007 - San Diego Union-Tribune
  
  Experts urge caution as investors flock to environmentally friendly companies.
  Green is good. At least that's the bet of an increasing number of investment fund managers, retirees and armchair stock pickers who are pouring billions into “green” stocks, and not necessarily for the love of nature.
  
  
• Greening the Grid Gets Green Light
  Oct 17, 2007 - Business Wire
  
  The California Independent System Operator Corporation (California ISO) Board of Governors today approved making changes to its federal tariff that spell out how a new financing tool will work to remove barriers for renewable power trying to access the power grid. If approved formally by the Federal Energy Regulatory Commission (FERC), the new financing mechanism will make it feasible for smaller green power developers to hook up to the transmission system and gain entry into the competitive market for energy.
  
  
• FPL Group Plans to Boost U.S. Solar Energy Production
  Sep 26, 2007 - Business Wire
  
  JUNO BEACH, Fla. - FPL Group, Inc. (NYSE:FPL), one of the country's leading generators of renewable electric power, today announced a $2.4 billion investment program aimed at increasing U.S. solar thermal energy output and reducing carbon dioxide emissions that contribute to global warming.
  
  
• Beijing Calls for $265B Investment in Renewable Energy
  Sept 5, 2007 - Red Herring
  
  Shares in renewable energy companies edged up on China’s stock exchanges Wednesday following the release of a national plan for reducing fossil fuel-based energy consumption, according to the country's official Xinhua News Agency.
  
  
• Fight against global warming may hinge on 'green' energy investments
  Aug 28, 2007 - The Associated Press
  
  They could be powerful new weapons in the battle against global warming: turbines powered by waves or wind, or technology that scrubs the skies to recapture and recycle carbon.
  
  
• Renewable energy can save Southeast Asia 2 trln usd in fuel costs - Greenpeace
  Aug 23, 2007 - Thomson Financial - AFX News
  
  SINGAPORE - Shifting to renewable energy could save Southeast Asian countries as much as two trillion US dollars in fuel costs over the next 23 years, or more than 80 billion dollars annually, environmental group Greenpeace said Thursday.
  
  
• E.ON to invest E3 billion in Renewables unit by 2010
  Aug 1, 2007 - Datamonitor
  
  German utility E.ON has pledged to invest E3 billion in renewable energy projects by 2010, and has also announced that it will establish a new business unit for the specific purpose of expanding the company's renewable energy activities in the coming years.
  
  
• The KLD Global Climate 100 Index Marks Second Year
  Jul 27, 2007 - KLD.com
  
  KLD Research & Analytics, Inc., an independent investment research and index provider, marked the second anniversary of its Global Climate 100 Index (GC100) – the first global index focused on solutions to climate change.
  
  
• Texas oil tycoon plans largest wind farm
  June 20, 2007 - The Associated Press
  
  2,000 turbines over 200,000 acres at cost that could reach $6 billion
  LUBBOCK, Texas - Billionaire T. Boone Pickens is planning to cash in on the wind energy boom by building the world's largest wind farm in West Texas.
  
  
• Greece to invest 2.5 billion euros in renewable energy sources by 2010
  ATHENS, Mar 19, 2007 - Xinhua
  
  Greek Development Minister Dimitris Sioufas on Monday signed a ministerial decision on licensing of electricity production from renewable energy sources and high-performance heating electricity co-production in the country.
  
  
• The KLD Global Climate 100^SM Index
  
  The KLD Global Climate 100^SM Index (GC 100) is a specialty index designed to promote investment in public companies whose activities demonstrate the greatest potential for mitigating immediate and long-term causes of climate change. 
  
  http://www.kld.com/indexes/gc100/index.html
  
  
• Renewable Energy Finance & Investment Network (REFIN)
  2004 Version - ACORE
  
  A directory of sources of finance for renewable energy and energy efficiency in the United States.
  
  
• Profiting from Transmission Investment
  October, 2004 - Kojo Ofori-Atta, Elliot Roseman, Bansari Saha, Scott Stuart, Marc Lipschultz & Jonathan Smidt - Public Utilities Fortnightly
  
  The still-fresh memories of last year’s Northeast blackout coupled with rising congestion nationwide have increased awareness of the electric transmission investment shortfall in the United States. Such investment, in the right locations, would have a highly positive benefit-cost ratio. But how much should be spent?
  
  
• Managing Transmission Grid Investment in a Competitive World (1.4 MB .pdf), a GF Energy LLC White Paper, February, 2003
  
  Regulation alone cannot improve operation of our transmission grid to the level required by a 21st Century economy. Success requires experienced visionary grid management teams with a long-term stake in this outcome.
  
  
• EU to propose "generous" aid for renewable energy
  Nov 23, 2000
  
  European Union Competition Commissioner Mario Monti said on Tuesday he would put forward proposals to allow generous state aid and tax incentives to promote renewable energy schemes.
  
  
• Renewable energy: good for the world, better for the bottom line
  Oct 2, 2000 - Dwane Wilkin
  
  Christian Vachon dropped all the green slogans from his spiel two years ago, when it finally dawned on him that people who buy clean energy really don’t care about the environment. “The bottom line is money,” says Vachon, an engineer whose Canadian company, Enerconcept Inc., sells and installs renewable solar and wind power systems in southeastern Quebec. “That’s the kind of world we live in.”
  
  
• U.S. energy secretary positive about opening of Mexican electricity
  2000 - Associated Press
  
  U.S. Energy Secretary Bill Richardson on Friday characterized as "very positive" a proposal by Mexico's president-elect to open this country's electricity sector to private investment.
  

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IREC Connecting to the Grid (Interstate Renewable Energy Council)

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