GreenTech News

Ameresco Secures $7.7 Million Solar Project Financing

Posted by GreenTech on November 17, 2011

Ameresco Canada Inc. announced today that it has finalized a $7.7 million senior secured credit facility for two of its Ontario based rooftop solar projects aggregating 2,069 kilowatts. The senior secured credit facility was arranged and structured through Travelers Capital Corporation, a unit of Travelers Financial Corporation. The power generated from the projects will be sold [...]

Filed in: Other Financings, Solar

Catch the Wind Appoints CFO and VP of Technology

Posted by GreenTech on November 15, 2011

Catch the Wind Ltd. (TSX-V: CTW), a provider of laser-based wind sensor products and technology, has appointed John Green as Chief Financial Officer (CFO) and Frederick Belen as Vice President of Technology and Product Line Management. Green has been supporting Catch the Wind as a financial and operational consultant since early September, 2011. With over 20 years of executive experience, [...]

Filed in: People, Wind

US Cleantech Venture Capital Q2 Disbursements Down 44%

Posted by GreenTech on November 8, 2011

US venture capital disbursements in cleantech companies decreased by 44% to $1.1 billion in Q2 2011 compared to the $1.9 billion invested in Q2 2010, while the number of deals fell 12% to 68, according to Ernst & Young LLP/Dow Jones VentureSource. Disbursement in Q2 2011 were 8% greater than the amount in Q1 2011. The Energy/Electricity Generation segment continues to dominate [...]

Filed in: VC/PE Financings

$20 billion in renewable energy investments power Ontario Clean Technology Alliance at the Solar Power International tradeshow in Dallas, Texas

Posted by GreenTech on October 18, 2011

Dallas, Texas (TechWire.ca) – October 18, 2011 – In the same month Forbes Magazine rated Canada as the world’s top country for business, executives from the Ontario Clean Technology Alliance are attending Solar Power International in Dallas to invite environmental technology companies from around the world to participate in the Province of Ontario’s clean technology revolution. [...]

Filed in: Business Development, Solar

Ram Power Announces CFO Departure

Posted by GreenTech on September 30, 2011

Ram Power, Corp. (TSX: RPG), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, announced today that John F. O’Neill has resigned as VP & Chief Financial Officer (CFO) to pursue other opportunities. O’Neill joined Ram Power in September 2010. Prior to Ram Power, O’Neill was with EGB Consulting and had [...]

Filed in: Geothermal/Ocean, People

Capital Power, Samsung and Pattern Announce K2 Wind Ontario Project

Posted by GreenTech on August 3, 2011

Capital Power LP, the legal entity that directly and indirectly holds substantially all of Capital Power Corporation’s (TSX: CPX) assets, and Samsung Renewable Energy Inc., and Pattern Renewable Holdings Canada ULC have entered into a limited partnership for the development, construction and operation of a 270 megawatt (MW) wind power project to be known as K2 Wind Ontario [...]

Filed in: Joint Venture, Wind

Innergex Secures Stardale Solar Project Financing

Posted by GreenTech on July 29, 2011

Innergex Renewable Energy Inc. (TSX: INE) has secured $117.3 million in non-recourse project financing, including a $5.6 million facility for the issuance of a letter of credit, for its Stardale solar project located in East-Hawkesbury, Ontario, Canada. The Bank of Tokyo Mitsubishi UFJ, Ltd. acted as the Lead Arranger and Administrative Agent and the financing is expected to be [...]

Filed in: Other Financings, Solar

ROR Power Proposes Convertible Debenture Financing

Posted by GreenTech on June 23, 2011

Run of River Power Inc. (TSX-V: ROR) intends to close a non-brokered private placement of up to $5.1 million in convertible debentures in two tranches. The first tranche will involve a $1.6 million exchange of the company’s existing convertible debentures into new convertible debentures and the second tranche will be comprised of a private placement of up to $3.5 million [...]

Filed in: Hydro/ROR, Public Offerings

Greengate Power and Vestas Sign Supply and Maintenance Agreement

Posted by GreenTech on June 10, 2011

Greengate Power Corporation and Vestas-Canadian Wind Technology, Inc. have signed a turbine supply and long-term service and maintenance agreements for Greengate Power’s 300 MW Blackspring Ridge I Wind Project. Greengate is expecting to begin construction on Blackspring Ridge I in 2012, with a target commercial operation date of 2013. Upon completion, Blackspring Ridge I is [...]

Filed in: Business Development, Wind

QSolar Starts Shanghai Operations

Posted by GreenTech on June 8, 2011

QSolar Limited (CNSX: QSL) said it has started its own manufacturing and research and development operations in Shanghai, China. QSolar has leased facilities and hired a workforce to initially manufacture one pilot line with an annual production capacity of 15 megawatts (MW) of QSolar’s Kruciwatt product line. The near term objective for this manufacturing facility will be [...]

Filed in: Business Development, Solar

Raleigh Wind Energy Centre to Receive Up to $24 Million

Posted by GreenTech on June 8, 2011

The Government of Canada announced that Invenergy, LLC’s Raleigh Wind Energy Centre has been qualified for the ecoENERGY for Renewable Power program and will receive up to $24 million over ten years. The Raleigh Wind Energy Centre Project, developed, owned and operated by Invenergy LLC, consists of 52 wind turbines and is expected to produce enough energy per year to power [...]

Filed in: Government, Wind

Catch the Wind Appoints Susan Nickey and Dr. Jo Major to Board of Directors

Posted by GreenTech on May 24, 2011

Catch the Wind Ltd. (TSX-V: CTW), a provider of feed-forward, intelligent turbine performance improvement systems, has appointed Susan Nickey and Dr. Jo Major, Jr. to its board of directors. Nickey was most recently CFO of Acciona Energy North America Corporation, a subsidiary of Acciona S.A. Prior to joining Acciona, Nickey served as Managing Director, Investment Banking at Mesirow [...]