4 April '10
9:25 AM UTC
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This Week In Green Energy: Obama’s New Drill

Week of March 29 – to – April 2, 2010

The drill flip

Why did he do it? That was the question many people asked this week after President Obama endorsed offshore oil and gas drilling along the Atlantic Coast, from Delaware to central Florida, the eastern Gulf of Mexico and Alaska’s north coast. The announcement follows 14 months of aggressive pro-green policies by the Obama administration.

President Obama justified his decision as an extension of his ongoing “pan-energy” policy, in which renewable energy is one prong and the development of next-generation nuclear reactors and exploration for new oil reserves is the other.

Politically, after a bruising, yearlong fight in Congress over health care, the Obama administration sees offshore drilling as a bi-partisan issue that could get Republicans to support a comprehensive climate change and energy bill. Will it? That’s hard to predict, as Republicans, saying his move doesn’t go far enough, quickly criticized the president for maintaining the ban on much of the Pacific Coast. His decision, not surprisingly, also angered the environmental community.

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1 April '10
10:00 AM UTC
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Suniva: Sold Out of Product Through 2010

Suniva’s future certainly looks bright this morning.

The Norcross, Ga., solar company Chief Executive John Baumstark told Reuters that Suniva through the end of 2010.

Suniva also announced that it is being considered that will be used to built a new 400-megawatt capacity manufacturing plant in Saginaw County, Michigan.

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9 March '10
3:00 PM UTC
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Cornerstone Conversation

Comparing the Lists: WSJ’s Top 10 Cleantech Companies v. Greentech Media’s Top 50

Just to be clear, GER is not on this list. Neat badge though!

Ever since the untimely and inexplicable demise of WSJ.com’s Environmental Capital, the Journal has only been dipping the occasional timid toe into the cleantech waters.

Now that names Solyndra, Inc., the top cleantech company, followed by Suniva and eSolar. The (no doubt highly scientific) criteria NewsCorp.-owned VentureSource used to determine the rankings are hidden from view. How does this list stack up against Greentech Media’s (no doubt highly scientific) top 50VC-Funded Greentech Startups list?

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28 July '09
5:48 AM UTC
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Solar Startup Suniva Raises $75M in VC Funding

Suniva, a solar startup in Norcross, Ga., has raised $75 million in a third round of venture financing led by Warburg Pincus.

APEX Venture, as well as returning investors New Enterprise Associates, HIG Ventures, and Advanced Equities also participated in the financing.

The company plans to use proceeds to grow its manufacturing capacity from a current 64 megawatts to 100 megawatts per year, .

With the credit and funding deep freeze nearing an end, clean tech investors are stepping to the plate again, their confidence bolstered by the expected flow of government stimulus monies. Green-focused stimuli are also in place in Asia (China alone is looking to spend some $220 billion over the next two years on green energy) and Europe, and Suniva is setting up offices in both regions to be close to these growing markets.

Suniva says it is to go public once the IPO market recovers.