Bouncing back from the economic recession, renewable energy mergers and acquisitions are up 66 percent in 2010. The recession that crippled the economy in 2008 saw a decline in the renewable energy market. A lack of confidence in the financial sector made it excessively difficult for renewable energy projects to secure financing. However, the renewable energy economy is bouncing back, showing a boom in mergers and acquisitions (M&A) activity in 2010. Renewable energy M&A activity spiked to 530 deals being made in 2010. This marks a dramatic increase over the 319 deals the year prior. Noteworthy deals included nuclear power generator Exelon Corp.'s $900 million acquisition of John Deere Renewables. Also, French nuclear energy company Areva SA acquired U.S. solar thermal energy company Ausra for $200 million, marking Areva SA's first move into the solar power market.The recent spike in renewable energy activity is in large part thanks to increased M&A activity in the U.S., which typically lags behind Europe in the renewable energy marketplace. The U.S. comprised 39 percent of renewable energy deals in 2010, in large part thanks to government-driven energy regulations as well as stimulus packages. The U.S. may well take the lead from Europe in renewables if the trend continues. It's not all good news, however, for the renewable energy market. 2010's M&A activity saw a 32 percent decline in overall value of transactions, falling from $48.8 billion to $33.4 billion according to PricewaterhouseCoopers.
Unirac was selected by Consolidated Solar Technologies, Inc. to supply an ISYS Ground Mount mounting solution for a 1.1MW solar installation spanning a five-acre site at Albuquerque Academy. Albuquerque Academy is now the largest solar-powered secondary school in North America.
Blue Sky Energy Unveils Universal Communication Module
Launch of U.S. production and solar academy highlight MAGE SOLAR's participation at East Coast's largest photovoltaic trade show from April 3-5.
The growth of the photovoltaics market has been driven by the demand for greener power sources and by increased government subsidy. To justify the subsidies given, governments require certified testing of photovoltaic modules for safety and quality. The incentive to improve performance could not be greater.
European Commissioner for Energy Oettinger visits DEGERenergie: Approaching the internal European electricity market with efficient solar systems
"Solar technology is the best thing Europe has to offer its North African neighbors."
The capital cost of Parabolic Trough plants is one of the most restrictive characteristics of Parabolic Trough technology, accounting for 40-45% of the total lifetime cost. This is one of the findings of the new report "Concentrated Solar Power Parabolic Trough: Cost & Performance" by CSP Today
A new LED T8 Tube Light series is now available with an innovative dimming function only from FZLED
Vintage Oaks Realizes Reduced Carbon Footprint, Electricity Bills
Four North American Reps Sign On With Apricus Inc.
The UNESCO Regional Cairo Bureau has been an active player promoting the adoption of alternative energy in the MENA region.
Speakers have been chosen for the solar outlook/management track of the 1st SEMA Technical Conference and Exhibition, scheduled to take place May 24-26, 2011 at the Wyndham Hotel in San Jose, CA.
Qatar has been selected as the sight of the most coveted international sporting event in the world: the World Cup. In 2022, the tiny Middle Eastern country will play host to the world's most elite athletes, but there's just one problem… temperatures in the summer exceed 100 degrees Fahrenheit (38 Celsius). To keep both players and fans cool in the stadium, engineers are designing a solar power artificial solar cloud that will provide shade for the matches. Researchers at Qatar University's engineering school are designing a helium-filled airship that will move via four solar powered turbine engines (think helicopter or hovercraft). Saud Abdul Ghani, head of Mechanical and Industrial Engineering at Qatar University, says the "artificial cloud will move by remote control, made of 100 percent light carbonic materials, fuelled by four solar power engines and it will fly high to protect direct and indirect sun rays to control temperatures at the open playgrounds." The initial floating cloud for the 2022 World Cup will cost roughly $500,000. However, engineers predict the cloud design will be put into commercial production to be used at beaches, car parking lots and other venues, thus bringing the price down considerably.
Toronto's SkyPower Limited (SkyPower) has announced plans to build a new 10 MW solar panel installation at Fort William First Nation in Thunder Bay, Ontario. The project will help to create up to 100 jobs for graduates of the region's solar panel installation courses and when complete, it will mark
Photovoltaic specialists PAIRAN and ESEI Solar are pleased to announce an exclusive joint venture to market and sell high-quality dual-axis trackers in Canada.
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