Tag Archives: close
Retail Solar Throwdown: IKEA vs. Kohl’s
It’s a bright week for the solar industry when two major retail chains announce their support of solar energy initiatives, so much so that they’re winning awards and setting new solar records! The international home products company IKEA recently reported its fourth solar PV installation in just one week, more than the store has ever achieved [...]
AES announces close of transaction with China Investment Corp.
The AES Corp. has successfully closed its equity sale with a whollyowned investment subsidiary of the China Investment Corp. (CIC). The deal was first announced on November 6, 2009 and raises $1.58 billionin new capital for AES. CIC acquired 125.5 million shares of AES stockfor $12.60 per share in exchange for an approximate 15 percent [...]
DB Masdar Clean Tech Fund completes first close
Masdar and Deutsche Bank today announced the launch of the DB MasdarClean Tech Fund and its first closing, raising $265 million. This fundbrings together for the first time the deep sector knowledge and scopeof the Masdar Initiatives with the global asset management and researchcapabilities of Deutsche Bank. Co-managed by Masdar VentureCapital1 and DB Climate Change [...]
Fink’s Renewable Energy Fund Holds First Close
Stanley Fink’s new fund is off to a running start. The former Man Group chief’s pet project, Earth Capital Partners, has held a first close of its maiden renewable energy infrastructure fund. The vehicle, the ECP Renewable Energy Fund will invest in solar,biogas and biomass projects in Europe, the Middle East and NorthAfrica. “The fund [...]
LDK Solar Positioned for A Strong Year-End Close (LDK)
In a year where Chinese solar companies have generally out-performedAmerican solar companies, LDK stands out as a laggard. LDK is down 31%for the year whereas every other major Chinese solar stock traded onthe American exchanges is no worse than flat on the year. When Q-Cells announced it would terminate a supply contract with LDK, LDK’s [...]
Solaren to Close Funding for Space Solar Power
GarySpirnak is used to playing with big ideas and machines. While at BoeingSatellite Systems, he was responsible for finding new markets forsatellite technology. At Hughes & Space Communications, beforeBoeing bought it, he was part of a management team for projects onspacecraft and their ground stations. Now Spirnak is leading a small team at a company [...]
GE to Close U.S. Solar Panel Factory
General Electric plans to close its only U.S. solar panel factory because production costs have exceeded sale prices. The Fairfield, Conn.-based company told the Dow Jones Clean Technology Insight that silicon panel manufacturing at its facility in Delaware, will stop in January. GE will shutter the factory all together by June. The factory canproduce 34 [...]
Sept 8-11: Solar Outgains Dow, NASDAQ
But China’s getting the PV manufacturing jobs Forthe first time in seven weeks, the 20 Solar Stock Index outpaced boththe DJIA and NASDAQ. Even though all three indexes finished downFriday, the 20SSI was up over32 points to finish the week at 413.67, an 8.5% gain. The Dow finishedup 164.14 this week, about 1.74% ahead and [...]
Aug 31-Sep 4: Dow, NASDAQ, Solar Slip Equally
And September’s historically bad month on Wall StreetA report this morning showed a decline in job losses in August whichseem to have helped industrial like GE and Caterpillar lead stocks onFriday. However, the gains were not enough to offset losses earlierthis week, as reported on MarketWatch. The Dow lost 103points for the week ending today, [...]