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CODA reaches preliminary agreement with Essex Credit Corporation to finance CODA EVs

Green Car Congress

CODA Automotive and Essex Credit Corporation, a subsidiary of Bank of the West, have reached a preliminary agreement to provide financing for customers of the 2011 CODA Sedan.

Financing 170
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Enerkem raises C$15M in project equity financing for its commercial waste-to-biofuels facility in Alberta

Green Car Congress

Total financing raised by Enerkem in 2011, both at the corporate and project subsidiary levels, now amounts to C$103 million. This project equity financing by Waste Management and EB Investments supplements Enerkem’s equity position in the project, along with the C$23.35 Earlier post.)

Financing 218
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PGE and SunRun Create $100M Home Solar Financing Fund

Green Car Congress

Pacific Energy Capital II, LLC, a non-utility subsidiary of PG&E Corporation, and SunRun Inc., a provider of home solar financing, announced a $100-million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation. SunRun will manage the projects.

Financing 170
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Lux Research: smart grid, energy storage, and EV M&A hits $2.4B in 1H 2011; start-ups selling at bargain prices

Green Car Congress

Merger and acquisition (M&A) deals in the smart grid, energy storage, and electric vehicle (EV) sectors during the first six months of 2011 already totaled twice those made during all of 2010, and many more cash-starved start-ups are due for the auction block, according to a new report from Lux Research. M&A transactions totaled $2.42

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CPV, GE, DGC secure largest US thermal power project financing in 2011 for 800 MW gas-fired power plant; 23 banks to provide nearly $800M in credit facilities

Green Car Congress

CPV); GE Energy Financial Services; and Diamond Generating Corporation (DGC), a wholly-owned subsidiary of Mitsubishi Corporation, co-owners of the planned $900-million CPV Sentinel power plant, have closed the largest project financing in the US thermal power industry this year for the facility to be built in Riverside County, Calif.

Financing 199
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Renault Enters Two New EV Partnerships with Global Financing and Fleet Management Companies

Green Car Congress

Renault has entered two new EV partnerships: one with Arval, a BNP Paribas subsidiary; the other with ALD Automotive, a global provider of financing and vehicle fleet management services. Arval will work with Renault by setting up specific new leasing offers adapted to the electric vehicles.

Financing 150
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NEDO selects IHI and Toshiba as co-researchers for ocean energy power generator

Green Car Congress

Japan’s New Energy and Industrial Technology Development Organization (NEDO) has selected IHI Corporation and Toshiba Corporation as co-researchers in a project to develop and to demonstrate an underwater floating-type turbine system for ocean energy power generation. The project is slated to continue until FY 2017.

Energy 210