Deutsche Bank takes clean tech seriously. A fact that was driven home by the appointment of Adam Bergman as a director in the firm’s global clean technology corporate coverage group.
OnGreen, a web-based ‘green and clean’ market place, has announced a $1.4 million investment in raised from a fund that is jointly owned by Blue Marble Ventures in Los Angeles and China Southern Hong Kong Investment Ltd in Shanghai.
TransCanada has announced the completion of the Kibby Wind power project. The largest wind power project of New England is completed with an investment of over US$350 million within the stipulated time.
According to commercial counselor, Rudolf Lukavsky, Austria’s Renewable energy investments will increase, if authorized incentive programs are introduced. Austria has invested in Romania’s renewable energy projects, such as wind parks and hydro power, and is anticipating a rise in these investments.
Iberdrola Renovables announced that it has planned to start wind turbine installation in the 80 MW project located in Mihai Viteazul, Romania.
The Central Salt and Marine Chemical Research Institute (CSMCRI) reports that researchers have initiated a new project to explore the feasibility of commercial production of biofuel from microalgae.
On November 8, U.S. Secretary of State Hillary Clinton and Australian Prime Minister Julia Gillard announced a $50-million collaboration to augment work, that will optimize solar energy in more cost effective ways.
A joint initiative to combat climate change is being undertaken by the Unites States and Australia. The two countries will collaborate on research into solar energy with the hope of cutting the costs of harnessing it to the levels of conventional fossil fuels within the next five years.
Both South Africa and the U.S. are competing to construct two massive solar farms, which would help them in establishing themselves as solar technology hubs. The US could probably claim to be the largest solar project with 1 GW capacity in California’s Blythe for now.
The results of the national elections on Tuesday and subsequent advance of Republican politicians will make it even more difficult for the U.S. clean energy industry over the coming years. However with the Governor of Massachusetts Deval Patrick being re-elected the state should not have a problem with its growing cleantech cluster.
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