Energy & Renewables Newsletter
May 07, 2009

This Week´s Featured News Stories
Vestas raises US$1bn as SunPower plans US$400m share deal
Two of the world`s largest renewable energy firms, Danish wind turbine manufacturer Vestas and California-based solar specialist SunPower, have this week announced plans to raise fresh cash through share issues as both companies seek to bolster their financial position and fund expansion plans. Vestas announced on Wednesday that it had successfully raised 5.98bn Danish crowns (US $1.05bn, GBP 704m) in a fully subscribed share issue that saw 18.5 million new shares issued. `The capital increase has been subscribed for at a price per share of 323 Danish crowns and in a private placement sold on ...
REEEP allocates EUR 4.7m to 49 low-carbon energy projects
The Renewable Energy and Energy Efficiency Partnership (REEEP) will fund forty-nine new clean energy projects in 25 countries as part of its mission to help kick-start the uptake of renewables and energy efficiency in emerging markets.  This funding round, REEEP’s seventh, is the largest ever, representing a 46 % increase over its sixth disbursement in June 2007.  “REEEP projects concentrate on the two areas where small-scale interventions can have a huge knock-on effect: in helping establish clear regulatory and policy frameworks for renewables and energy efficiency, and in creating finance ...
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