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CaliforniaFIRST Launches Clean Energy Financing Program

Americas, Biomass, Policy

Innovative PACE program provides financing for energy efficiency, renewable energy, water efficiency upgrades with no out-of-pocket costs. CaliforniaFIRST financing doesn’t rely on a credit score and does not require any money down, opening the program to a wide range of Californians. It allows homeowners to choose a participating contractor in their area and install a variety of custom-tailored clean energy, water efficiency and EV charging projects.

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$430m Investment Fund Launched for Sustainable and Clean Energy Companies

Americas, Biomass, Deals & Finance

Vision Ridge Partners has announced the launch of Sustainable Asset Fund (“SAF”). At $430 million, the fund is one of the largest in this sector and one of the few private investment portfolios focused on later stage clean energy companies and other sustainable assets. With a partnership between Vision Ridge, Capricorn Investment Group and the Grantham Foundation; the fund seeks to demonstrate the huge investment potential residing in breakthrough commercial solutions to the world’s most pressing problems.

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AD Innovation Reduces Waste And Increases Clean Compressed Gas Production

Americas, Biomass, Efficiency

Bion Environmental Technologies has developed a next generation technology platform to enable the capture of ammonia. By capturing the ammonia, Bion not only prevents its impacts to the environment as before, but is now able to recover and process substantially more of the nitrogen in the manure stream into a stabilized value-added product. This platform can now utilise anaerobic digestion to produce methane which can then be cleaned and injected into existing pipelines, resulting in clean renewable compressed natural gas.

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Japan’s Sumitomo And Brazil’s Gerdau Announce Major Wind Sector Partnership

Americas, Asia Pacific, Europe/Middle East/Africa, Most Popular, Technology

The partnership combines Japan Steel Works’ world leading manufacturing technologies, mainly in the energy sectors, with Sumitomo’s significant experience and knowledge within the renewable energy and wind-related sectors; and brings the strengths of these two companies together with Gerdau’s strong production base. This “Gerdau Summit” will focus on the production and sale of forged products for wind power generation in the Latin American market with a focus on Brazil, where Gerdau is the largest long steel manufacturer. Production is expected to begin in 2017.

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JinkoSolar Agrees Largest US Contract to supply 1GW Solar PV Modules To sPower

Americas, Asia Pacific, Deals & Finance, Europe/Middle East/Africa, Head Lines

China’s JinkoSolar has just agreed it’s largest US contract. It’s to supply up to 1GW, over three million of its high efficiency solar pv modules, to sPower before the end of 2016. The timing of the agreement is seen as highly significant in light of the recent extension by the US Federal Government of Investment Tax Credits for utility-scale solar development. The agreement also strengthens JinkoSolar, which currently has, 15,000 employees, 12 offices and 5 production facilities, globally.

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FERC Awards Licences to FFP New Hydro for $100m Muskingum River Projects

Americas, Energy, Head Lines, Hydro

The four projects have a combined generating capacity of 15MW. FFP New Hydro also has final license applications pending for two more projects on the Muskingum River. The projects represent an investment of more than $100 million and each project will create 100 to 150 jobs during construction as well as continued service employment during operations. Clean, reliable electricity from the projects will power over 7,500 homes and businesses as a long term resource for the region.

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RES Sells 198MW Bluestem Wind Project to Exelon – Powers Google Data Centers

Americas, Deals & Finance, Head Lines

The project will consist of 60 Vestas 3.3MW V117 wind turbine generators and construction will begin immediately. It will provide up to 300 jobs during it’s peak, and is scheduled to be completed at the end of 2016, generating an approximate 845,000 MWh per year to the Southern Power Pool electrical system – enough to power over 77,000 U.S. homes. A power purchase agreement for the project has been executed with Google, as part of the drive to power it’s data centres with clean energy.

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Innovation Wins US Department of Energy SunShot Initiative Award

Americas, Carbon, Policy

The innovation, from the Fraunhofer Center seeks to resolve one of the biggest challenges facing utilities; of how to integrate large quantities of PV production with the electric grid without compromising power-reliability and quality. It’s a further indicator of the US Dept. of Energy, aggressively driving innovation to make solar energy fully cost-competitive with traditional energy sources before the end of the decade.

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New Technology Enhances Wind Energy Storage and Grid Distribution

Asia Pacific, Technology

China Guodian Corporation has put into operation the first megawatt (MW)-scale, ultracapacitor-based wind farm energy storage system in the world. The manufacturer Maxwell Technologies claims that the new technology discharges and recharges power quicker, with a longer lifetime and better performance in low temperatures. These are suitable for stabilizing short-term power output fluctuation in wind farms and cabling in large-scale deployments, ensuring reliable access to wind-generated power on the grid.

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