hydrogen, bioethanol, energy, biofuel market, renewables, photovoltaic, wind, power plants, efficient technologies

Submarine telecommunications cable

First offshore wind farm from General Cable Corporation

General Cable Corporation reported that its subsidiary, Norddeutsche Seekablewerke GmbH (NSW), has been awarded its first submarine power contract by BARD Engineering GmbH, for more than USD 30 million related to the construction of BARD Offshore 1. BARD Offshore 1 is a 400 megawatt wind farm consisting of 80 wind turbines that will be located north-west of the Isle of Borkum in the North Sea.

BARD Offshore 1 is the first commercial wind farm to be located in the North Sea and it is expected to be completed in 2010. NSW will produce approximately 66 miles of power cable for the infield infrastructure portion of the project, which will harness the electricity generated by the turbines for transmission back to shore.

The field will be located in water 75 miles offshore with a depth of approximately 130 feet. "We believe that the North Sea will be an area of high growth for wind power generation due to its ideal conditions of high sustainability of wind and shallow waters, key factors allowing for efficient use of the turbines and for anchoring the windmill towers. With its long history and experience in submarine cabling systems, NSW is ideally positioned to take advantage of this high growth opportunity," said Valentin Jug, Chairman of NSW.

General Cable acquired NSW in April 2007 and began an investment program to expand the capability of the facility to include submarine power cables and repeatered submarine telecommunications cable.

NSW is located on a tributary of the North Sea, with its own deep-sea pier. The Company believes that once the expansion of NSW is completed, it will be well positioned to address all aspects of submarine cable needs for the expanding offshore wind farm market.

NSW, headquartered in Nordenham, Germany, is a leading manufacturer of submarine fiber optic communications and offshore power cables serving customers all over the world.

General Cable is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, and communications markets.

Source: General Cable Corporation (8-1-08)

September ’07 – Half-year results

Greenhouse gas emission market results

EcoSecurities Group plc, one of the world's leading companies in the business of sourcing, developing and trading carbon credits from greenhouse gas emission reduction projects, announced (10-9-07) its interim results for the six months ended 30 June 2007.

Highlights

Further progress in origination - Clean Development Mechanism ("CDM") portfolio gross contract volume increased to 178 million CERs at 30 June 2007 a net increase of 22 million CERs or 14% since year end 2006.
On a net entitlement basis, adjusting for contract type, the CER portfolio has grown by 29 million tonnes or 23% to 156 million tonnes at 30 June 2007.
Significant project implementation progress - at 30 June 2007, 164 PDDs were completed, 164 projects had been submitted to validation, 97 had completed the validation process and 71 were registered with the CDM Executive Board. .These results were achieved despite the continuing challenges and delays related to the CDM project cycle.
Of the 433 projects in the portfolio, 355 were financed, 127 were under construction and 149 were operational.
34 million CERs had been sold forward at 30 June 2007, representing expected total forward CER revenue of EUR 410m and net trading margin of EUR 181m through to 2013.
During the period, the Group generated first half revenues of EUR 5.6m driven by sales of CERs and the Group's initial VER sales which, combined, totalled 90% of revenues.
Strategic investment by Credit Suisse to underpin development of long term relationship with Credit Suisse's energy franchise.

Current Trading and Outlook

CDM portfolio gross contract volume increased to 185 million CERs at 5 September 2007 a net increase of 29 million CERs or 18.6% since year end 2006. In addition, the Group contracted projects expected to generate up to 6.8 million CERs, which have not yet been incorporated into the portfolio pending completion of a CDM due diligence process.
On a net entitlement basis, the CER portfolio has grown to 163.3 million tonnes at 5 September 2007.
At 5 September 2007, the number of projects submitted for validation had increased to 215.
The post-2012 CDM portfolio gross contract volume increased to 109.6 million CERs at 5 September 2007 increased from 86 million CERs reported in May 2007. The post-2012 CDM portfolio volume relates to potential production of CERs from the Group's projects after 2012 and is incremental to the CDM portfolio.
The Group has built its global VER portfolio at 5 September 2007 to 4.3 million tonnes, further adding to its carbon credit volumes.
As the Group grows and expands operations into new markets, it is in the process of adding to its senior management team.
The Group's cash balance as of 5 September 2007 was approximately EUR 130m, which reflects proceeds of the Credit Suisse subscription in June and an institutional placing in July.

Mark Nicholls, Chairman, commented: "EcoSecurities continued to make significant progress in the first half of 2007, and further strengthened its leadership position in the carbon markets. The Group continued to make progress in developing its CDM carbon credit portfolio and initiated new activities to expand into the voluntary carbon markets, the US market, project investments and secondary trading of CERs. The Group's achievements during the period were enhanced by further development of the carbon markets and strengthening prices for carbon credits."

“The continued development of the carbon market and of the Group's operations to date in 2007 gives the Board confidence for continued growth this year and beyond."

Notes

CDM = Clean Development Mechanism, the provision of the Kyoto Protocol that governs project level carbon credit transactions between developed and developing countries

CER = Certified Emission Reduction, carbon credits created by Clean Development Mechanism projects. One CER corresponds to 1 tonne of CO2e emission reductions

EU ETS = European Union Emissions Trading Scheme, a market based "cap and trade" system for green house gases adopted by the European Union member states

EcoSecurities is one of the world's leading companies in the business of originating, developing and trading carbon credits. EcoSecurities structures and guides greenhouse gas emission reduction projects through the Kyoto Protocol, working with both project developers and buyers of carbon credits.

EcoSecurities works with companies in developing and industrialising countries to create carbon credits from projects that reduce emissions of greenhouse gases. EcoSecurities has experience with projects in the areas of renewable energy, agriculture and urban waste management, industrial efficiency, and forestry. With a network of offices and representatives in 36 countries on five continents, EcoSecurities has amassed one of the industry's largest and most diversified portfolios of carbon projects.

EcoSecurities also works with companies in the developed world to assist them in meeting their greenhouse gas emission compliance targets. Utilising its highly diversified carbon credit portfolio, EcoSecurities is able to structure carbon credit transactions to fit compliance buyers' needs, and has executed transactions with both private and public sector buyers in Europe, North America and Japan.

Working at the forefront of carbon market development, EcoSecurities has been involved in the development of many of the global carbon market's most important milestones, including developing the world's first CDM project to be registered under the Kyoto Protocol. EcoSecurities' consultancy division has been at the forefront of significant policy and scientific developments in this field. EcoSecurities has been recognised as the world's leading greenhouse gas advisory firm over the last five years by reader surveys conducted by Environmental Finance Magazine.

EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO).

Source: EcoSecurities (10-9-07)

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July ’07 – Solar energy

Photovoltaic (PV) industry manufacturing solutions

GT Solar International, Inc., one of the largest providers of manufacturing equipment and "turnkey" manufacturing solutions to the photovoltaic (PV) industry, announced today its wholly owned subsidiary, GT Solar Incorporated, has received a USD 40,700,000 order from Soltech, S.A. in Patras, Greece for a turnkey line of equipment capable of making 30MW of solar wafers, cells and modules annually.

The equipment includes GT Solar's new DSS450 furnace, which produces 400kg to 450kg silicon ingots, and also Atlas tabber/stringers, which arrange rows of solar cells for placement in solar modules.

GT Solar President and CEO, Thomas Zarrella, said: "This order represents GT's first sale of an integrated factory, and underscores GT's value as an enabler of companies that are interested in the solar (PV) business. GT provides these companies with a turnkey line of manufacturing equipment, technologies and solutions across the photovoltaic supply chain."

Soltech, S.A. President, Dimitrios Panagakos, said: "We are purchasing a technologically advanced line of equipment and technology that will make us competitive in the fast-growing photovoltaic marketplace. We look forward to this business relationship with GT Solar."

Soltech, S.A. of Patras, Greece is positioned to be Greece's leading supplier of solar wafers, cells and modules. It will be distinctly positioned as the first fully integrated solar PV player in the Southern European market. Soltech, S.A.'s unique production platform translates into concrete advantages for its customers, including higher efficiency, faster service and a broader range of deliverable solutions.

GT Solar International, Inc. is one of the largest providers of manufacturing equipment and "turnkey" manufacturing solutions to the photovoltaic (PV) industry. Based in Merrimack, NH (USA), the company's products include equipment used to produce multicrystalline solar wafers, cells and modules. GT Solar also manufactures polysilicon reactors and converters that allow its customers to produce the polysilicon from which solar wafers are made.