2 August '10
9:23 AM UTC
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The Alternative Agenda: Kill the well, kill the subsidies, kill coal

Kill that well!

BP is of the formerly gushing Macondo well in the Gulf of Mexico.  The containment cap over the well has held but officials say it isn’t a long term solution.

Still, the job won’t be finished until the relief well is finished. Read More »

5 August '09
5:09 AM UTC
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Fotowatio’s U.S. Unit Raises $200M for U.S. Solar Projects

Fotowatio knows how to raise capital in good and bad times. Last year, the Spanish solar power developer raised some $350 million from joint owners GE Energy Financial Services and Spain’s Grupo Corporativo Landon to support its investments in Europe and the U.S. The money helped fund, among other things, its acquisition of MMA Renewable Ventures and its 400 megawatts of clean energy projects.

Fotowatio, as part of the acquisition, kept the original MMA Renewable Ventures team in place.  The company is putting its U.S. unit — renamed Renewable Ventures — to work,  announcing earlier this week the completion of the $200 million Solar Fund V. The investment vehicle will finance project construction across the U.S., which should generate some 35 megawatts of solar powered electricity within a year.

Solar Fund V will focus on the development and acquisition of commercial, public sector, and utility-scale solar projects from one to 10 megawatts in size. One of the fund’s first projects is a two megawatt PV project in Fort Collins, Colo., that, once operational, will sell its output to Colorado State University and the renewable energy credits to Xcel Energy. Read More »