24 September '10
10:36 PM UTC
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The Week In Green Energy

The Week In Green Energy: DOE Money Man Says “Adieu”

After nearly two years at the Department of Energy, Matt Rogers, the agency’s most influential bureaucrat, is leaving, having overseen one of the DOE’s most ambitious undertakings: the disbursement of billions of dollars to support the deployment of renewable energy infrastructure across the country.

When Energy Secretary Steven Chu hired Rogers 19 months ago, he tasked the McKinsey & Co., consultant with creating the processes that will ensure the DOE spends its billions in stimulus funds smartly. Like any good, benchmark-driven consultant, Rogers executed. Read More »

22 September '10
9:47 AM UTC
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  Hydro

Warburg Pincus Invests In Brazilian Renewable Energy Company

New York-based private equity firm Warburg Pincus and Tarpon Investimentos, a São Paulo fund overseeing $3 billion in committed investment capital, have announced a  joint BRL$350 million ($205.7 million) investment in Omega Energia, a Brazilian renewable energy company.

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1 April '10
10:00 AM UTC
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  Solar

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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28 July '09
5:48 AM UTC
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  Solar

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.