Recent Other
Mechanical Technology announces First Quarter 2013 Operating and Financial Results
Mechanical Technology, Incorporated (MTI) (Trading Symbol: MKTY), a company engaged in the design, manufacture and sale of test and measurement instruments and systems through its subsidiary MTI Instruments, Inc. (MTI Instruments), announces its first quarter 2013 financial and operating results. The Company´s total revenue for the first quarter of 2013 increased to $2.2 million or [...]
Ormat Technologies Reports 2013 First Quarter Results
Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter of 2013. Financial highlights & Recent Developments: – Total revenues amounted to $121.7 million; a 8.0% decrease from the first quarter of 2012, mainly due to a reduction in the electricity segment revenues of $9.3 million related to our SO#4 PPAs in [...]
China invested $65.1 Billion in Clean Energy in 2012
A report by Australia’s Climate Commission states that China is quickly becoming a global leader on climate change. The report, ‘The Critical Decade: International Action on Climate Action’ presents analysis of global economies’ activities on climate change over the last nine months. Findings show that although all major economies have policies in place to address [...]
Australia ready to ink Deals with $10 Billion Clean Energy Fund
Australia’s newly-established Clean Energy Finance Corporation is expected to start entering contracts for important finance deals before July 1, when funds from the federal government’s controversial AUS$10 billion become available. The CEFC was enacted through legislation as part of April’s Clean Energy Future package and aims to leverage private sector financing for clean energy and [...]
CCFC Enters into $1.2 Billion Term Loan Facility
Calpine Corporation (NYSE: CPN), the parent company of Calpine Construction Finance Company, L.P. (CCFC), today announced that CCFC has entered into a new credit agreement providing for a first lien senior secured term loan facility comprising (i) a $900 million 7-year term loan B tranche priced at LIBOR plus 225 basis points and (ii) a [...]
Clean Energy Investment booming in Latin America, led by Mexico
Clean energy investment is booming in Latin America with a huge US$4.6 billion recorded in 2012, signalling the region’s potential to lead the global clean revolution. The investment is a 127% increase on 2011, according to data that has been released by Bloomberg New Energy Finance (BNEF) ahead of this week’s Renewable Energy Finance Forum [...]
Colorado Legislature Approves SB 252
Bill Expands and Improves Colorado’s Renewable Energy Standard The Colorado General Assembly has approved a bill to expand and improve the state’s Renewable Energy Standard (RES) statute to drive clean energy investment, jobs, and project development in rural Colorado. The bill now goes to Governor John Hickenlooper’s desk for consideration. SB 252, cosponsored by Senate [...]
Ormat Technologies Commences Operation of 36 MW Geothermal Power Plant In Kenya
New Plant Increases Ormat’s Total Capacity to over 600 MW Ormat Technologies, Inc. (NYSE: ORA) announced today that it reached commercial operation of Plant 2 in the Olkaria III complex in Naivasha, Kenya, increasing the company’s total generating capacity by 36 MW to 611 MW worldwide. Ormat also plans to add an additional 16 MW [...]
Report Assesses Potential U.S. Hydropower Upgrades
The Energy Department on April 22 announced a new study outlining key improvements that can be made to hydropower production in the United States to provide more efficient and cost-effective electricity to homes and businesses. Developed with funding from the Energy Department, the Electric Power Research Institute’s (EPRI) report, “Quantifying the Value of Hydropower in [...]
Energy Department Announces $13 Million to Advance Ocean Energy Technologies and Launches New Video on Water Power
The Energy Department announced today up to $13 million in funding to develop and test advanced components and technologies to boost the performance of marine and hydrokinetic (MHK) energy systems. The Department plans to select up to 10 awards aimed at developing advanced controls, power systems, and device structures specifically for MHK applications, which harness [...]