Ram Power, Corp. (TSX: RPG), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, has signed a mandate letter with the International Finance Corporation (IFC), a member of the World Bank Group, for the financing of a binary unit at the Company’s San Jacinto-Tizate Project near Leon, Nicaragua. The mandate letter [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Run of River Power Inc. (TSX-V: ROR) has closed its previously announced non-brokered private placement of 15,555,555 units at a price of $0.09 per unit to raise gross proceeds of $1.4 million. Each units consist of one common share and one-half of one warrant with each whole warrant exercisable for one common share for a period of 12 months from the closing date at an exercise [...]

Infinia Corporation has secured a US $31 million round of convertible debenture financing with nine investors. Infinia’s investors include Black Pearl Capital Limited, EQUUS Total Return, Inc., Foxconn Technology Group, GLG Partners, Inc., Idealab, Power Play Energy, LLC, Vulcan Capital, Wexford Capital LLC. Infinia has also issued unspecified amount of worth of its equity shares [...]

SustainX, Inc. has secured additional US $5.6 million from General Catalyst Partners. On March 1, 2011, SustainX raised US $14.4 million from existing investors, Polaris Venture Partners, National Science Foundation, RockPort Capital Partners,  Angeli Parvi, GE Energy Financial Services, Cadent Energy Partners, and others. SustainX intends to use funds to support continued development [...]

Topanga Technologies, Inc. has raised US $15 million in a Series C round of financing from 10 investors, bringing total amount  raised, to date, to $24.5 million. Proceeds will be used for working capital. Topanga Technologies’ institutional investors include Khosla Ventures and Nth Power. Topanga Technologies is a leading innovator of solid-state drivers and electrode-free plasma [...]

Synex International Inc. (TSX: SXI) today provided an update on the development of Barr Creek Hydro Project. Barr Creek Hydro Project, a 4.4 MW hydroelectric plant to be located near the Village of Tahsis on Vancouver Island, is being developed by The Barr Creek Limited Partnership (BCLP) and its general partner, Barr Creek Hydro Ltd. (BCHL).  BCLP and BCHL will own, construct [...]

AgriMarine Holdings Inc. (TSX-V: FSH; OTCQX: AGMHF; FRANKFURT: A2G) has engaged Canaccord Genuity Corp. and Cormark Securities Inc. for a private placement of units at $0.35 per unit to raise for gross proceeds of up to $12 million. Each unit consists of one common share and one-half of one share purchase warrant, with each whole warrant entitling the holder to purchase one additional [...]