A-Power Energy (APWR) is tacking on to yesterday’s gains this morning after it was announced that the company has received a $52 million contract from Huaian Huapeng Biomass Electricity to design, construct and test two 18MW biomass energy facilities in China. The project is expected to be completed and in operation by the end of next year.
Just last month A-Power signed a $75 million contract with Anhui Wenergy to build two 30MW micro grid … Read the rest
Gushan Environmental (GU), a leading China biodiesel producer announced mixed earnings results this morning, matching EPS estimates of .01/share which is a big drop from the .20/share it reported one year ago. Revenues came in about 10% lower than expectations at $40 million, nearly a 20% drop from the year ago period.
Looking ahead, the company expects its new plants in Chongqing and Hunan to begin production next quarter and increase production at the Shanghai … Read the rest
Put all ethanol/biofuel stocks on the radar. Today the Obama administration announced the creation of the Biofuels Interagency Working Group and announced $786.5 million in Recovery Act funds for renewable fuel projects.
“We must invest in a clean energy economy that will lead to new jobs, new businesses and reduce our dependence on foreign oil,” said President Obama. “The steps I am announcing today help bring us closer to that goal. If we are to … Read the rest
Green Plains Renewable Energy just scored a $2.1 million grant from the Iowa Office of Energy Independence for a pilot project that aims to use ethanol plant by-products to grow algae. The project would use heat, carbon dioxide and wastewater to grow algae, which could then be added to animal feed or used to produce more biofuels.
… Read the restEnvironmental Power Corporation (EPG) announced yesterday that it has received new investment from technology provider Xergi A/S, as well as a new cooperation agreement between the two companies.
Xergia has agreed to purchase $3 million worth of EPG’s 14% convertible notes. Next month, Xergi’s $3 million payment obligation for the notes will cancel out Environmental Power Corporation’s $3 million payment for technology rights.
The companies have also updated their technology agreement. From a company press … Read the rest
By Sam Hopkins
Get your Free Cleantech Report Today!
The global clean energy puzzle has more than one piece. . .
So today, let’s take a look at the pivotal pros and cons of renewable energy investing in different regions of the world.
As we check out the challenges as well as the opportunities in each place, we gain a more integrated view, and our investment choices can be honed.
North America
Pro: … Read the rest
A-Power Energy (APWR) has vaulted about 15% in just the past 20 minutes on news it has signed contracts totaling $75 million with subsidiaries of Anhui Wenergy to build micro grid electricity generation systems using biomass as the fuel. APWR will design, assemble, install, test and deliver two 30 MW biomass fueled electricity generation systems which are expected to be completed by Aug 2010.
“We are extremely excited to become the sole provider for Wenergy’s … Read the rest
Earth2Tech.com has started a deathwatch for Pacific Ethanol (PEIX) and Nova Biosource Fuels. Pacific Ethanol could be out of cash be the end of the month, and the company may go bankrupt. This shouldn’t be a huge surprise to anyone, as the price of ethanol has plummeted and people have become aware of how inefficient it is to produce ethanol from corn.
Nova Biosource Fuels filed for Chapter 11 last week, and its shares are … Read the rest
Nova Biosource Fuels has received a notice from NYSE AMEX LLC regarding a late Form 10-Q. Nova has not filed its Form 10-Q for January 31, 2009, and its listing on the stock exchange is threatened unless it submits a plan to get back into compliance.
Here’s how Nova Biosource Fuels responded to the notice (from a company press release):
… Read the restThe Company was unable to timely file its Form 10-Q for the period ended
An EU trade committee has approved temporary anti-dumping and anti-subsidy tariffs on imports of US biodiesel. This will affect Us biofuels companies like agricultural giant Archer Daniels Midland. The tariffs go into effect March 13th-after that, Archer Daniels will have to pay 26 euros for each 100 kg of biodiesel imported into Europe. Chicagoist quotes an EU biodiesel official on the reason for imposing the duties, which are part of a larger trade dispute between … Read the rest