By Sam Hopkins of GreenChipStocks.com
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With 2010 just around the corner, evidence is steadily mounting that this will be the year of a Chinese clean energy boom like none we’ve ever seen.
This past Saturday — the day after Christmas — western investors as well as ones based in the Middle Kingdom all got a gift from the National People’s Congress in Beijing…
A Lump of Clean Energy … Read the rest
According to this press release, A-Power will be building a 150 megawatt biomass plant in Thailand. The company has signed an agreement with Thailand’s Biomass Electricity Co., Ltd regarding the plant. Under the $86 million contract, A-Power will design the plant, which will be built in Prachinburi, Thailand. A-Power will also obtain and install the three main engines for the plant and will be the general contractor for the civic engineering system, the chemical … Read the rest
PowerSecure (POWR) has been awarded a multi year contract by Flint Energies to deploy a “green” landfill methane gas power system in Georgia. POWR will install, own and operate the system which turns methane gas into energy. The company expects to be finished with the project late next year and begin recognizing revenue in 2011. The project increases the company’s recurring revenue backlog by 35% to $50 million.
Shares of POWR aren’t moving much on … Read the rest
Rentech just announced that is has signed a non-binding memorandum of understanding with 13 different air carriers. Although the MOU is non-binding, its is expected to serve as the basis of a supply contract for the synthetic jet fuel that Rentech will produce at the Natchez Project, the fuel and power facility that Rentech plans to build in Mississippi.
If all goes well, the 13 airlines (Air Canada, AirTran Airways, American Airlines, Atlas Air, Delta … Read the rest
Covanta just announced that it has started production on a energy-from-waste facility located in Dublin, Ireland. The facility, which is being built as a Public Private Partnership between Dublin City Council and Dublin Waste to Energy Limited (owned by Covanta), will have the capacity to process 600,000 tons of waste per year, creating enough energy to power 60,000 homes.
The estimated time to complete the facility is 3 three years. Covanta subsidiaries are responsible for … Read the rest
According to this press release, Converted Organics has received official notice from the NASDAQ stock exchange that it is not in compliance with Rule 5550(a)(2), as its stock price has closed below $1.00 for 30 consecutive business days. Converted Organics now has an 180 day grace period to get its stock price up above $1.00 for 10 business days in a row. If the company’s stock price has not met this requirement at the end … Read the rest
Appliance Recycling Centers of America just announced that it has a new contract with Great River Energy to recycle refrigerators and freezers for Great River Energy’s member co-ops in Minnesota. The contract runs from April 1, 2010 and run through September 30, 2010 and will support an incentive program to encourage Great River Energy’s customers to trade in old, inefficient freezers and fridges for newer, more efficient models. While the program is running, customers can … Read the rest
Yesterday before the bell, Canaccord Adams initiated coverage on Rino Intl (RINO) with a Buy rating and price target of $34
Hat tip to StreetInsider.com for the following analyst comment:
“RINO is a China-based environmental protection company. Its core businesses are flue gas desulphurization (FGD), wastewater treatment, and anti-oxidation equipment for the Chinese steel industry. It has also won its first contract to provide sludge-treatment technology for municipal wastewater treatment plants. The Chinese government has … Read the rest
RINO International (RINO) reported outstanding results again this morning, smashing analyst estimates. The company reported a non GAAP EPS of .78/share which nearly doubled the analyst estimate of .47 (again, remind me what these analysts are being paid for?) That’s just about a doubling of profits over the year ago quarter. The company smashed analyst estimates on the revenue side as well posting $63 million vs the estimate of $44 million.
CEO Zou Dejun … Read the rest
In just a few weeks on December 7th, a secret meeting of world leaders takes place that will undoubtedly go a long way in shaping how we live our lives. .. from the kinds of cars we drive, to how many hours we can run hot water, to how much we pay in electricity bills each month. The COP15 Climate Change conference in Denmark will provide extraordinary profit opportunities in what venture capitalist firm Kleiner … Read the rest