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Sol-Wind Renewable Power Announces $174Mn IPO (Ind. Report)
Sol-Wind
Date: 2015-02-02
NYC-based wind energy startup Sol-Wind Renewable Power, LP expects to raise $174 million from 8,700,000 shares at a price of $19.00-$21.00 per share in an IPO on February 11th.

In the last twelve months, Sol-Wind Renewable Power , LP generated $4.7 million in revenue and $300,000 in net income. The company has a market-cap of $200.4 million.

Upon completion of this offering, we will acquire from our general partner equity and debt interests in the Initial Portfolio, which represents a diversified portfolio of 184.6 MW of nameplate capacity solar and wind power generation assets in the U.S., Puerto Rico and Canada.

In the last twelve months, Sol-Wind Renewable Power , LP generated $4.7 million in revenue and $300,000 in net income during the previous 12 months. The company has a market-cap of $200.4 million.

UBS Investment Bank and Citigroup are the underwriters for the IPO and Wells Fargo Securities, Credit Suisse, Deutsche Bank Securities, Macquarie Capital , Bonwick Capital, MFR Securities and The Williams Capital Group are co-managers. (Source: Sol-Wind, 30 Jan., 2015) Contact: Sol-Wind, (212) 235-0421

Tags Wind news,  


Glennmont Purchases 40MW Welsh Woody Biomass Project (M&A, Int'l)
Glennmont Partners,ECO2
Date: 2015-01-30
London-headquartered Glennmont Partners has completed the £160 million purchase of the 40MW Margam woody biomass project from a joint venture by Cardiff-based Eco2 and Western Logs Group. The project is slated to be built in Port Talbot, South Wales. Funding for the acquisition came from the Glennmont Clean Energy Fund Europe 2. Debt funding was arranged by Deutsche Bank with the support of Eksport Kredit Fonden, the export credit agency of Denmark.

Project construction will be completed by a consortium comprised of Babcock Wilcox Volund A/S, which will also operate the plant, and Interserve. Construction is slated for completion within 24 to 26 months for an early 2017 commissioning.

Eco2 also collaborated with Western Logs Group on Wales' first commercial-scale biomass plant in Port Talbot, the 14-MW Western Wood Energy Plant which burns forestry waste wood and clean wood scraps. (Source: Glennmont, ECO2, RENews, 26 Jan., 2015) Contact: Glennmont Partners, Joost Bergsma, CEO, 011 +44 (0) 203 675 0182, info@glennmont.com; http://www.glennmont.com; Eco2, David Williams, CEO, 011 +44 (0) 2920 730 900, info@eco2uk.com, http://www.eco2uk.com

Tags ECO2 news,  Woody Biomass news,  Biomass news,  


Conergy Secures Guarantee for Solar Projects Business (Funding)
Conergy Group
Date: 2014-07-09
Conergy Group member Kawa Solar Holdings, Ltd.has closed on a $60 million bank guarantee facility with Deutsche Bank and financed by Tennenbaum Capital Partners, LLC. for its rapidly growing solar projects business. The facility strengthens financial support across Conergy's power plants value chain: from project development, through the engineering, procurement and construction (EPC) of new plants, to the operations and maintenance (O&M) of completed plants. To date, Conergy's EPC business has been responsible for solar power plants totaling 650MWp worldwide, and the O&M business for the management of 300MWp of assets for 200 customers.

Tennenbaum Capital Partners, LLC is a Los Angeles-based alternative investment management firm focused on performing credit and special situations for middle-market companies. TCP manages a publicly-traded business development company, TCP Capital Corp. , as well as other funds and accounts. (Source: Conergy Holding, Inc. , 7 July, 2014) Conergy Holding, (888) 489-3701, info@conergy.ca,www.conergy.ca; Tennenbaum Capital Partners, www.tennenbaumcapital.com; Kawa Solar, www.kawasolar.com

Tags Conergy Solar news,  Solar news,  


PV Specialist Announces Follow-on Share Offering (Ind. Report)
Yingli Green Energy Holding
Date: 2014-04-25
Baoding,China-headquartred Yingli Green Energy Holding Company Ltd. reports that, subject to market conditions, it plans to offer 25 million American Depositary Shares (ADS), each representing one ordinary share of the Company, in an underwritten registered public offering. The underwriters will be granted an option to purchase up to 3.75 million additional ADSs to cover over-allotment.

The company intends to use approximately 50 - 60 percent of the net proceeds for downstream expansion and the remaining proceeds for general corporate purpose.

Deutsche Bank Securities Inc. and Goldman Sachs (Asia) L.L.C. are acting as the joint bookrunners for the offering. HSBC Securities (USA) Inc. is acting as a co-manager for the offering. (Source: Yingli Green Energy Holding Company Ltd., PR, 23 April, 2014) Contact: Yingli Green Energy Holding Co., Qing Miao, VP Corp. Communications, +86 312 8929787, ir@yinglisolar.com

Tags PV news,  Solar news,  Yingli Green Energy Holding news,  


EU Carbon Traders hit the Skids (Int'l., Ind. Report)
EU,Carbon Emissions Credit Trading
Date: 2013-11-22
CARBON trading, once seen as a burgeoning industry, is virtually dying on the vine in London with the closure or scaling down of carbon credit trading at least 10 banks. Over the past four years alone the Climate Markets & Investors Association has reported that the number of workers on the trading desks had fallen 70 percent as carbon prices have grappled to survive record low prices. . Under the scheme companies buy and sell permits which give the right to emit a tonne of carbon without penalty in a global financial incentive to fight against gas emissions.

Britain's giant Barclays Bank has sold its carbon trading business while Deutsche Bank, JPMorgan and UBS have closed their carbon trading operations or climate change advisory practices. Others such as Morgan Stanley have reduced their trading desks from full time to part time operations.

Last week the EU member states agreed in principle to reforms aimed at cutting emissions by increasing the cost for companies to buy what they described as the "right to pollute". Under the deal, the auctioning of 900 million emission permits (EUAs) would be withheld from the market until the later past of the decade to drive the permit price up. EU Climate Change Commissioner Connie Hedegaard responded to the maneuver be tweeting "Finally! Common sense prevailed. " (Source: news.com.au, 21 Nov., 2013)

Tags EUAs news,  Carbon Credit Trading Carbon Emissions news,  Connie Hedegaard news,  


juwi, German Bankers Seal €252Mn Loan Deal (Int'l.)
juwi group
Date: 2013-08-28
Under the leadership of Deutsche Bank, DZ Bank and UniCredit, a banking consortium of 13 financial institutions is providing German renewable energy specialist juwi group with a €252 million line of credit over the next 5 years.

In 2012, juwi group repositioned itself strategically to be better prepared for the upcoming challenges in a dynamic energy market. The company's core business, project development, has been pooled together in a new company called juwi Energieprojekte GmbH where, wind power will continue to play a vital role. In 2012 juwi was leading the wind market (onshore) in terms of new installations.(Source: juwi group, PR, 27 Aug., 2013) Contact: juwi group, Sascha Rober, CFO, Michael Lohr, Public Relations & Media Communications, +49. (0)6732. 96 57-1207, loehr@juwi.de, www.juwi.de

Tags juwi group news,  Renewable Energy news,  Wind news,  Solar news,  


Int'l Banks Move to Monetize Calif. Carbon Market (Ind. Report)
Bluforest
Date: 2013-08-14
BluForest Inc., a development stage company in the field of Carbon Trading and Renewable Energy, is watching closely as major international banks move in to monetize and facilitate liquidity in the California Carbon Trading Market. Major banks are weighing whether to wade into the California carbon market, which experts believe could grow into a $40 billion a year market by 2020. Early-moving banks such as the Bank of Nova Scotia (Scotiabank), the Royal Bank of Canada, Deutsche Bank and Barclays could potentially play a significant role in that outcome. The Banks will ultimately assist their clients in meeting their environmental targets through the purchase and sale of carbon credits and advising company executives on how to lower their overall overhead.

BluForest Inc. is executing its strategy to become a leading marketer of carbon offsets in the voluntary markets under the UN principle of Reducing Emissions from Deforestation and forest Degradation (REDD+) Bluforest's land assets rank amongst the most valuable in the world. Their location within a government protected National Park places them on a level above most competitors who often face risks associated with permanence and other influences beyond their control. (Source: Bluforest, Aug. 12, 2013) Contact: Bluforest Inc., (855) 509-5508, info@bluforest.com, www.bluforest.com

Tags Bluforest news,  Carbon Market news,  California Carbon Market news,  REDD news,  


Deutsche Bank says Auf Wiedersehen to Carbon Trading (Int'l)
Deutsche Bank
Date: 2013-02-04
Carbon Finance is reporting that Deutsche Bank is thought to be winding down its emissions trading operations and to have pulled the plug on its carbon desk in London. It is also believed that the bank will continue to operate in the European power and gas markets and retain its carbon analysts.

Deutsche Bank's decision to walk away from carbon trading could be in part a knee-jerk reaction to depressed carbon markets or a result of the fraud investigation that caused the bank to close its German emissions trading desk several years ago, or both. (Source: Deutsche Bank, Carbon Finance, 2 Feb, 2013) Contact: Deutsche Bank, www.db.com

Tags Deutsche Bank news,  


Deutsche Bank Big-Wigs and Small-Frys Investigated in Carbon Trading Skulduggery (Int'l)
Deutsche Bank
Date: 2012-12-12
Deutsche Bank co-CEO Herr Juergen Fitschen and CFO Herr Stefan Krause are under investigation into a tax evasion scheme involving carbon permit trading. Another 25 Deutsche Bank employees are suspected of serious tax evasion, money laundering and obstruction of justice in relation to the carbon markets are also being investigated as part of the wider case.

The investigation is believed to be connected to the value-added-tax (VAT) "carousel fraud", where goods were imported VAT-free then sold on to domestic buyers at a price that includes VAT.

In 2011, a German court jailed six individuals over a €300 million ($391 million, £249 million) fraud selling carbon emission permits through Deutsche Bank. In the same year, the Office of the Attorney General of Germany said in a statement that Germany has lost €850 million in tax revenues to frauds involving carbon emissions trading. (Source: IBTimes, Dec. 12, 2012) Contact: Deutsche Bank, www.db.com

Tags Deutsche Bank news,  Carbon Markets news,  Carbon Trading news,  


Deutsche Bank to fund Canadian Solar Ontario Projects (Funding)
Canadian Solar,SunPower Corp
Date: 2012-12-05
Canadian Solar Inc, which is focusing on the lucrative power plants business to drive growth, will borrow Cdn$139 million ($139 million) from Deutsche Bank to build five utility-scale projects in Ontario, Canada. The company will repay the loans when the projects, which have a 20-year power purchase contract with the Ontario Power Authority, are acquired by TransCanada Corp. The Deutsche Bank funding is for 49 MW of solar power. According to Canadian Solar, solar companies are increasingly turning to power plant projects as pure panel manufacturing remains unprofitable due dismal panel prices.

On Monday, US-based SunPower Corp said it is teaming up with partners in China to manufacture and sell its c7 tracker concentrator technology in the Asian country. SunPower will invest $15 million and receive a 25 percent stake in the $60 million joint venture. (Source: Canadian Solar, Reuters, 3 Dec., 2012) Contact: Canadian Solar, (925) 866-2700, www.canadiansolar.com; Sunpower, Howard Wenger, Pres. & CEO, www.sunpowercorp.com

Tags Canadian Solar news,  SunPower Corp news,  


Deutsche Bank Seeks Aussie Carbon Trading License (Int'l, Ind. Report)
Deutsche Bank
Date: 2012-12-03
The Sydney Morning Herald is reporting that Germany's Deutsche BANK has joined 123 other applicants seeking to deal in the regulated carbon emissions market.

The German banking behemoth last week lodged its application with the Australian Securities and Investments Commission (ASIC) to have its Australian Financial Services License amended, and expects approval early next year. To date, the ASIC has issued 43 carbon trading licenses to companies ranging in size from COzero and Greenfleet to ANZ, Commonwealth Bank and UBS.

The 317 companies liable to pay the carbon tax in Australia have, for the most part, focused on compliance and may establish their own carbon trading teams. According to Ric Brazzale, managing director of Green Energy Trading and president of the REC Agents Association, the carbon market, including voluntary abatement, was "more vibrant" several years ago. (Source: Sydney Morning Herald, Dec. 3, 2012) Contact: Deutsche Bank, www.db.com

Tags Deutsche Bank news,  Carbon Markets news,  


Pattern Completes Ocotillo Wind Project Financing (Ind. Report)
Pattern Energy,Blattner Energy,SDG&E
Date: 2012-10-12
Pattern Energy Group LP has closed the financing of its Ocotillo Wind project, a 265 megawatt (MW) wind power project that will utilize 112 Siemens 2.37 MW turbines. The financing is structured as a construction loan with a seven-year commercial bank tranche co-led by Deutsche Bank and RBC Capital Markets and a 20-year tranche funded by the North American Development Bank. The commercial tranche financing also included The Royal Bank of Scotland, Societe Generale, NORD/LB and KeyBank.

Ocotillo Wind will be the first renewable energy project to interconnect into the newly constructed Sunrise Powerlink, a 500-kv transmission line that was developed to bring renewable power from the Imperial Valley to San Diego. The wind project will provide energy equal to the needs of approximately 125,000 homes in Southern California each year. Pattern entered into a 20-year PPA with San Diego Gas & Electric (SDG&E) for the sale of energy produced by the project. Blattner Energy is managing construction of the project.

Ocotillo Wind will be Pattern Energy's fifth operating wind project in North America and, upon completion, will bring the Company's total to more than 900 MW of installed wind power capacity. Pattern expects to complete a wind project in Puerto Rico and bring a number of wind projects in Canada into construction over the next 12 months. (Source: Pattern Energy, Oct. 12, 2012) Contact: Pattern Energy, Matt Dallas, (917) 363-1333, matt.dallas@patternenergy.com, www.patternenergy.com; Blattner Energy, (320) 356-7351, www.blattnerenergy.com

Tags Pattern Energy news,  Wind news,  Blattner Energy news,  SDG&E news,  


Recycled CER Seller Total Global Steel Totally Broke (Int'l)
Total Global Steel
Date: 2012-08-14
Total Global Steel (TGS), which describes itself as "London's premier metal supplier and brokerage and energy trading company", was forced into liquidation by creditors after a UK court ruled in May that the company must pay Deutsche Bank €4.2 million ($5.1 million) in damages for selling the bank recycled carbon credits.

Creditors' voluntary liquidation involves a company's shareholders passing a resolution to wind up the firm and sell its assets, often as a result of mounting pressure from unpaid creditors. Begbies Traynor is the court appointed liquidator.(Source: Begbies Traynor, Aug., 2012)

Tags CERs news,  Carbon Trading news,  


Australian Carbon Tax Repeal Easier Pledged than Completed (Int'l)
Australian Carbon Tax
Date: 2012-05-09
Australian opposition Leader Tony Abbott has "pledged in blood" to repeal Labor government's price on carbon. But, as the Minister for Mental Health and Aging, Mark Butler, has pointed out, promises to repeal complicated laws are difficult to pull off.

Deutsche Bank has looked into Abbott's promise to repeal the carbon tax and projected that it might not happen until April 2014; nearly two years after the legislation takes effect in July of this year. "Each step in the constitutional process takes time, and in practice, it could take eight to 14 months for the repeal bills to pass, with risks of further delay at each stage of that process," research analyst Tim Jordan wrote in a report released yesterday. "On that timetable, the earliest a repeal bill could pass after an August 2013 election would be April 2014, 22 months after the carbon price comes into force."

But whether repeal is the ideal outcome is another issue, since abandoning a market mechanism for reducing emissions would only provide a temporary reprieve for major emitters. The carbon price is likely to have a modest impact on most listed emitters: most high-carbon firms in trade-exposed sectors will receive free units (and in the case of steel makers, cash grants) to offset the impact; resources companies face a small impact relative to earnings; airlines will pass on the cost in ticket prices; and utilities are likely to recover most of their additional costs through higher electricity prices.

The Labor government and an opposition coalition have a bipartisan commitment to cut emissions by 5 per cent below 2000 levels by 2020. (Source: Brisbane Times, 9 May, 2012)

Tags Australia Carbon Tax news,  


New Energy Says Banned Carbon Credit Supply May Fall Short (Int'l, Ind. Report)
Carbon Credits
Date: 2012-05-07
Supply of soon-to-be banned emission credits in the EU carbon market may fall short of expectations, driving this 2012 prices relative to 2013, according to Bloomberg New Energy Finance. The EU has banned the use of UN credits from some hydrofluorocarbon 23-producing chemical factories and adipic-acid manufacturers from its trading system from beginning this month, on the logic that these credits generate excessive profits. Those credits make up more than half of supply in the world's biggest offsetting market, the CDM.

Many of these credits are held by sovereign governments, which may use them for compliance with targets through this year under the 1997 Kyoto Protocol, said Richard Chatterton, an analyst for New Energy Finance in London. Chatterton forecast use of banned credits in 2012, the final year they're allowed, will fall 24 percent to 135 million tons. Factories and power stations used 254.6 million offsets in the bloc's cap-and-trade program, the data show. Offsets may be used to cut compliance costs with Europe's carbon trading system. Emitters may use 277 million tons of credits next year, 8.6 percent more than last year, Chatterton forecast. That's less than the 300 million tons forecast by Deutsche Bank AG and 400 million tons by Barclays Plc. (Source: Barclays, New Energy Finance,, 2 May, 2012)

Tags Carbon Credits news,  


EU Carbon Trading System Needs Overhaul, says Deutsche Bank (Int'l)
Deutsche Bank
Date: 2012-04-16
On Friday, Deutsche bank issued a report saying that the EU Emissions Trading System (EU ETS) needs fundamental reform if it is to be capable of sending a long-term price signal for low carbon energy investment. The EU's flagship policy tool to combat global climate change not only needs adjusting to cope with an oversupply of carbon allowances, but also requires a structural overhaul to make it fit for purpose, Deutsche Bank commodities research director Mark Lewis said in the report. Specifically, the system must be made more responsive to economic conditions, or risk failure to send price signals that investors can use, Lewis added, noting "enormous" capital outlays required to build a low-carbon economy. "The EU ETS is the only commodity market in the world where demand varies in real time but supply is fixed for years in advance," said Lewis. (Source: Deutsche Bank, JunkScience.com, April 14, 2012) Contact: Deutsche Bank, www.db.com

Tags Deutsche Bank news,  EU ETS news,  


Enphase Energy Pegs IPO at $6.00 per Share (Ind. Report)
Enphase Energy
Date: 2012-04-02
Enphase Energy, Inc. has announced the pricing of its IPO of 8,969,697 shares of common stock at a price to the public of $6.00 per share. All of the shares of common stock in the offering are being offered directly by Enphase. In addition, Enphase has granted the underwriters a 30-day option to purchase up to an additional 1,345,454 shares of common stock, solely to cover over-allotments, if any.

Morgan Stanley & Co. LLC, BofA Merrill Lynch and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Jefferies & Company, Inc. is acting as joint lead manager, and Lazard Capital Markets LLC and ThinkEquity LLC are acting as co-managers. The shares are expected to begin trading on the NASDAQ Global Market on March 30, 2012 under the ticker symbol ENPH.

The offering of these securities will be made only by means of a written prospectus, copies of which may be obtained from: Morgan Stanley & Co. LLC at 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, by calling (866) 718-1649 or by e-mailing prospectus@morganstanley.com; BofA Merrill Lynch, 4 Financial World Center, NYC, NY., 10080. Attention: Prospectus Department or by e-mailing dg.prospectus_requests@baml.com; or Deutsche Bank Securities Inc., 100 Plaza One, Jersey City, N.J., 07311, Attention: Prospectus Department, by calling (800) 503-4611 or by e-mailing prospectus.cpdg@db.com. (Source: Enphase Energy, Inc, March, 2012) Contact :Enphase Energy, Bill Rossi, Marketing Officer, (877) 797-4743 (California Office), www.enphaseenergy.com

Tags Enphase Energy news,  

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