New & Noteworthy – Page 397

Finavera Opts Out Of Wind Farm Deal

Posted by NAW Staff on December 05, 2007

Vancouver, British Columbia-based Finavera Renewables, a developer of renewable energy resources, has decided not to proceed with the acquisition of a 20 MW wind farm in Germany in light of current market conditions, according to the company. Finavera currently has [Read More]

California ISO Releases Renewables Report

Posted by NAW Staff on December 05, 2007

The California Independent System Operator (ISO) Corp. has released its final integration of renewable resources report. The report examines some of the challenges associated with integrating the wave of renewable power expected to come online in the next few years. [Read More]

Texas City Partners With Direct Energy

Posted by NAW Staff on December 05, 2007

The city of Coppell, Texas, has partnered with Direct Energy, a subsidiary of the Centrica group of companies. As part of a one-year retail electric service agreement between Direct Energy and Coppell, 50% of the city's annual electricity consumption will [Read More]

Midwest Wind Finance Successfully Closes Wind Renewable Fund

Posted by NAW Staff on December 04, 2007

Midwest Wind Finance (MWF), a firm specializing in financing community-scale wind farms throughout the U.S., has closed its Wind Renewable Fund to investors, after raising $5 million. The company says that the fund was created by MWF to facilitate securing [Read More]

MISCOR Group Acquires 3-D Service

Posted by NAW Staff on December 04, 2007

Industrial services provider MISCOR Group has acquired privately held 3-D Service, a provider of industrial services to the wind energy industry. MISCOR also announced it closed a $20 million equity investment by institutional investor Tontine Capital Partners. Proceeds from the [Read More]

Marubeni Corp. To Acquire Controlling Interest In Oak Creek Energy Systems

Posted by NAW Staff on December 03, 2007

Mojave, Calif.-based Oak Creek Energy Systems, a developer of wind projects, has received approval by a majority vote of its shareholders to allow Japanese trading firm Marubeni Corp. to acquire a controlling interest. The transaction will occur through a $16.6 [Read More]

Businesses Call For Legally Binding UN Framework On Climate Change

Posted by NAW Staff on December 03, 2007

A group of global businesses is calling on world leaders to agree on a legally binding United Nations framework to tackle climate change during negotiations that begin next week as part of the Conference of the Parties in Bali, Indonesia. [Read More]

GreenHunter Invests In China-Based Wind Turbine Manufacturer

Posted by NAW Staff on November 30, 2007

Grapevine, Texas-based GreenHunter Energy Inc. has entered two definitive agreements with wind turbine manufacturer MingYang Wind Power Technology Co. Ltd., based in Guang Dong Province, People's Republic of China (PRC). GreenHunter will acquire a 6.3% equity interest in MingYang for [Read More]

Green-e Certified Sales Nearly Double Over Previous Year

Posted by NAW Staff on November 29, 2007

The Center for Resource Solutions (CRS) has announced release of the 2006 Green-e Energy Verification Report, which highlights renewable electricity certification program Green-e's certified renewable energy sales in 2006. The report shows an almost 90% increase in total sales volume [Read More]

Study: Minnesota Can Create Thousands Of New “Green Collar” Jobs

Posted by NAW Staff on November 29, 2007

Minneapolis mayor R.T. Rybak and St. Paul mayor Chris Coleman have joined the Blue Green Alliance, a partnership of the Sierra Club and United Steelworkers; environmental advocacy group Environment America; and Minnesota-based wind energy contractor Mortenson Construction, to discuss how [Read More]