News

Wasabi cement agreement

Wasabi Energy, which has signed a global licensing agreement with FLSmidth for the use of Kalina Cycle technology in the cement and lime industries, is also in talks with groups in the steel and petrochemical sectors. 
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PV Crystalox hit by falling prices

Falling average selling prices for solar wafers continue to hit PV Crystalox Solar, which manufactures multicrystalline silicon ingots and wafers for solar power systems. The latest profit warning from the company suggests that trading is getting even more difficult, prompting a halving of the share price over the past month. 
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SeaEnergy stake sold

SeaEnergy has sold its 80.1% stake in SeaEnergy Renewables Ltd to Repsol Nuevas Energias SA for £30.7 million plus full recovery of its £8.1 million investment in the owner of three offshore wind farm sites off the coast of Scotland. 

Going forward, SeaEnergy will focus on its offshore marine services business. 
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Vestas agreement with EDF EN

Vestas has signed a framework agreement with EDF Energies Nouvelles (EDF EN), which will acquire a minimum of 50% of its European onshore wind installations and 30% of its US onshore wind installations from the Denmark-based wind turbine supplier.
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PowerHouse CHP arrives on AIM

PowerHouse Energy completed its reversal into AIM shell Bidtimes at the end of June, two months later than initially planned because of confusion over the geographical rights to some of its technology. 
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AIM Comment

AIM - a tough market for cleantech compnies - by Andrew Hore

Although a few new entrants have joined AIM this year, cleantech companies are still leaving the junior market. Stock markets around the world are becoming tougher places to raise money again, but the problems with the latest company to shun its AIM quotation date back to its flotation and lack of financial progress since, rather than current market conditions.

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Editor´s Message

by Anne McIvor

The Solyndra collapse in the US has damaged investor sentiment throughout the solar industry. In an unrelated move, the UK Government has backtracked on its policy to provide feed-in-tariffs (FiTs) for the solar sector. The UK Government’s argument is that the prices of solar modules have fallen substantially since the policy was first put in place, and that the FiT subsidy now permits solar installers to make an unjustifiable return on their investments.

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Cleantech Utility Comment

UK Energy Policy – Prescribed by Germany and France? - by Nigel Hawkins

The last few weeks have been busy times in the EU and UK energy sectors – and the next few months are unlikely to be any different. 

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