A lot of acquisition activities seems to be happening recently in the global solar and wind markets. I guess with the volatile stock market these days, some companies are ripe for the picking. I do wonder if these M&A activities will continue next year and if this is a good omen or a bad one for the clean tech industry.
For now, here are this week's green news roundup.
Evonik borrows genome tools
Integrated Genomics has licensed its ERGO genomics platform to specialty chemicals company Evonik. Scientists from Evonik's Science-to-Business Center Biotechnology will use the ERGO™ system to optimize their production strains and find new methods for high yield production of specialty chemicals.
Japanese solar plant grows
Kyocera is building a new solar cell manufacturing facility in Yasu City, Shiga Prefecture, said to be the company's largest plant in Japan. Production is scheduled in the spring of 2010 with estimated output of 300 megawatt to 650 MW by March 2012.
GE's clean coal R&D
GE Energy and the University of Wyoming will develop the High Plains Gasification Advanced Technology Center to accelerate the commercial use of cleaner coal technology. The new center, which will open in 2012, will include a small-scale gasification system that will enable researchers from GE and the university to develop advanced gasification solutions for Powder River Basin and other Wyoming coals.
Carbon financing in clean energy
The Goldman Sachs Group will purchase the majority of the carbon offset portfolio of nonprofit investment company E+Co. Through the multi-year alliance, Goldman Sachs will help promote E+Co's goal of providing investment capital and support services to small, clean energy business ventures in developing countries.
Wind farm buyout
European energy company Vattenfall has acquired the Thanet Offshore Wind project off Margate, Kent, for the sum of L35 million ($51.6 million). The wind farm will have an installed capacity of some 300 MW. The acquisition will make Vattenfall one of the biggest wind power operators in Britain
And in ICIS news (which requires subscription):
European trading in green certificates to promote power from renewable energy projects would lead to higher electricity costs for German chemical producers and thus harm their competitiveness according to industry trade group VCI.
Prices for recycled polyethylene terephthalate (RPET) in Europe is facing downward pressure due to competitive prices of virgin PET, according to traders
Dow Chemical and Brazilian ethanol producer Crystalsev plan to locate their joint venture sugar cane-to-polyethylene (PE) complex in the border region between Sao Paulo and Minas Gerais in southeast Brazil.