11 June '10
11:20 AM UTC
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Uncategorized

The Week In Green Energy: BP’s Cleantech On Thin Ice?

It started out as idle speculation: could BP, one of the world’s largest and most profitable companies, that began on April 20. But, after another calamitous week for the British oil and gas company’s stock and a fresh battering from American politicians, the threats to BP existence are now being taken seriously by analysts and investors. One report that has fuelled chatter, released Thursday by British bank Standard Charter, laid out a scenario in which PetroChina, the state-owned oil and gas company, would take over BP. The research note highlighted that, with spill costs expected to go north of $40 billion, such a scenario was not that far-fetched. A BP spokesman told G.E.R. that it does comment on any “market rumors or speculation.”

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9 June '10
2:35 PM UTC
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  Solar

Tigo Energy Secures $10M

Tigo Energy, a Los Gatos, Calif., -based developer of solutions that enhances the efficiency of solar power plants, has secured $10 million in new financing. So far, including this latest round, the company has raised more than $27 million.

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9 June '09
10:09 AM UTC
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  Solar

Tigo Energy raises $10M in second stock offering

Tigo Energy, a company that develops solutions that enhances the efficiency of solar power plants, raised an additional $10 million as part of its second stocks offering, writes VentureBeat, citing a report by VentureWire.

A year ago Tigo, based in Los Gatos, Calif., raised $6 million as part of a first round of funding from Matrix Partners and OVP Venture Partners.