Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. and ML Strategies, LLC
Energy and Clean Tech Connections: Your Law Firm Link to Industry News

Energy and Clean Tech Connections

November 2010

 

In the November edition of Energy and Clean Tech Connections, we’ve gathered recent information from a wide variety of sources in an effort to keep you abreast of what’s new in the world of clean energy. We draw your attention to the latest industry developments, news from local governments to Capitol Hill, grant opportunities, and upcoming events.

This month, the Energy & Clean Technology Practice Group would like to congratulate Mintz Levin clients MTPV and Purpose Energy, and ML Strategies client Suniva. MTPV took the top prize at the NREL’s 23rd Annual Industry Growth Forum receiving the Best Venture award. After completion of the world’s first full scale biogas plant designed to digest spent grain from breweries, Purpose Energy was awarded a Section 1603 Grant-in-Lieu by the U.S. Department of Treasury. Also this month, Suniva participated in the U.S.-India Innovation Roundtable led by President Obama and was heralded by the President as an example of a U.S. business that is deepening trade relations with India. On November 19th, Thomas R. Burton, III, chairman of Mintz Levin’s Energy and Clean Technology Practice Group, will serve as a panelist at the MIT Sloan CFO Summit. The Summit was recently ranked the #2 event for non-CEO C-level executives by Weber Shandwick.

In international news, China continues to distinguish itself as the world’s preeminent destination for clean energy and technology investment. This month, General Electric announced plans to invest more than $2 billion in China over the next two years to strengthen its research and development capabilities throughout the country. GE will spend $500 million on R&D focused on the creation of innovation centers for renewable energy, smart grid, and energy efficient lighting schemes. It will also invest more than $1.5 billion in joint ventures with Chinese state-owned enterprises with the aim of improving smart grid and renewable power distribution capabilities in the region.

On Capitol Hill, while the political shift to the right resulting from the midterm elections is widely considered to be a bad omen for the clean energy community, there remain several opportunities for clean energy to move forward during the 112th Congress. These solutions which have enjoyed bipartisan support may be pushed through over the coming months: a renewable electricity standard, the extension of the 1603 Grants in Lieu of Tax Credits, the expansion and extension of the 48C Advanced Energy Manufacturing Tax Credit, funding for a HomeStar energy efficiency home retrofit program, and the establishment of a Green Bank. Last Wednesday, officials from the wind, solar, and geothermal industries met with the White House’s National Economic Council to discuss the extension of the 1603 and 48C tax credits as well as the creation of a renewable electricity standard.

We hope that you enjoy this month’s edition of the newsletter. For the most up-to-date information on federal legislation and programs, please click here to find the most recent ML Strategies Energy and Environment Update.

Mintz Levin’s Monthly Incubator Profile:
ATI Clean Energy Incubator

 

The ATI Clean Energy Incubator (CEI) in Austin, Texas provides resources and facilities necessary for start-ups to attract funding, compete in the free market, and turn their ideas into reality. Funded by the Texas State Energy Conservation Office, CEI supports innovative portfolio companies like CMNA Power, a developer of high-altitude wind energy systems, and Exergy/Trinity Thermal Systems which develops thermal energy storage products that feed off of small to mid-sized air conditioning systems. Since 2002, CEI has served 18 companies within the renewable and energy efficiency sectors; more specifically, these companies range from geothermal power and biofuels, to wind energy and water conservation. It also hosts a world-class clean tech event every fall, the Clean Energy Venture Summit, which attracts hundreds of industry leading companies, entrepreneurs, and investors each year.

 

In This Edition

In the News: United States

In the News: Europe and Asia

Government Financial Assistance

Privately Sourced Financial Grants

Federal and State Happenings

Legal News

Events

 

In the News: United States

Greenleaf Power Acquires Second California Biomass Plant

New Energy World Network – November 15, 2010

More info…

Suniva Receives $15 Million Working Capital Loan Guarantee from Export-Import Bank of the United States

BusinessWire – November 15, 2010

More info…

New Energy Systems Group Acquires Kim Fai Solar Energy Technology for $24 Million

New Energy World Network – November 12, 2010

More info…

CalPERS Dedicates $500 Million to Environmental Investment Strategy

New Energy World Network – November 11, 2010

More info…

Biomass Co-Generation Facility Breaks Ground in Oregon

Renewable Energy World – November 10, 2010

More info…

Three Major Solar Photo Voltaic (PV) Funding Rounds Close

Renewable Energy World – November 10, 2010

More info…

Renewable Energy Subsidies Worldwide Reached $57 Billion in 2009, International Energy Agency (IEA) Says

Bloomberg – November 9, 2010

More info…

Suniva Joins U.S.-India Innovation Roundtable

Suniva – November 8, 2010

More info…

Ameresco Partners to Deliver Renewable Energy Cost-Savings to Colorado City

New Energy World Network – November 9, 2010

More info…

Wells Fargo Invests $100 Million in Solar Projects

New Energy World Network – November 9, 2010

More info…

GT Solar Secures Credit Suisse Facility to Repurchase Shares

New Energy World Network – November 8, 2010

More info…

Sharp Acquires Recurrent Energy for $305 Million

New Energy World Network – November 5, 2010

More info…

California Attracts Foreign Investment into Renewable Energy

New Energy World Network – November 5, 2010

More info…

Tesla Receives $30 Million Investment from Panasonic

Clean Edge – November 4, 2010

More info…

AE Biofuels Raises $4.5 Million to Fund California Projects

New Energy World Network – November 4, 2010

More info…

Nexant Raises $50 Million for Smart Grid Software

Clean Edge – November 3, 2010

More info…

GreenHunter Energy Closes $30 Million Financing for Bioenergy Project

New Energy World Network – November 2, 2010

More info…

U.S. Wind Power Posts Slowest Quarter Since 2007

Reuters – November 1, 2010

More info…

Green Plains Increases Senior Debt Note Offering Target to $75 Million

New Energy World Network – October 29, 2010

More info…

NRG Energy to Invest $300 Million in BrightSource’s Ivanpah Solar Thermal Project

Clean Edge – October 27, 2010

More info…

SNC-Lavalin Wins $575.6 Million Waneta Expansion Hydro Project Contract

Renewable Energy World – October 26, 2010

More info…

 


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In the News: Europe and Asia

Huaneng Power Renewable Energy Spin-Offs Get IPO Approval

New Energy World Network – November 12, 2010

More info…

EU Launches €4.5 Billion Clean Energy Fund

Euractive – November 10, 2010

More info…

3i India Fund Invests $182 Million in Hydro Developer GVK Energy

New Energy World Network – November 9, 2010

More info…

GE Invests $2 Billion in China Power Innovation as It Forms New Partnerships

New Energy World Network – November 9, 2010

More info…

IEA’s World Energy Outlook 2010 Sends Strong Message

Renewable Energy World – November 9, 2010

More info…

CEZ Negotiates €200 Million Solar Project Loan with European Investment Bank

New Energy World Network – November 8, 2010

More info…

IEIG to Plug €140 Million in European PV in Next Nine Months

New Energy World Network – November 8, 2010

More info…

Scotland Announces $113 Million Natural Renewable Infrastructure Fund

Clean Edge – November 5, 2010

More info…

Jinko Solar Raises $126 Million in Follow-On Offering

New Energy World Network – November, 5, 2010

More info…

Impax NEF II Renewable Energy Fund Secures €118 Million Subscriptions

New Energy World Network – November 4, 2010

More info…

Intelligent Energy Secures £3.7 Million from SSE Joint Venture, Scottish Enterprise

New Energy World Network – November 4, 2010

More info…

Asian Development Bank Invests $21.6 Million in Bhutan Renewable Energy Program

New Energy World Network – November 2, 2010

More info…

Ener1 Lands $40 Million Contract for Russian Grid Storage

Clean Edge – November 2, 2010

More info…

Volkswagen to Invest $84.2 Million in Brazil Small Hydro Project

Renewable Energy World – November 2, 2010

More info…

Azure Power Raises $40 Million to Develop PV Plant in Gujurat

New Energy World Network – October 27, 2010

More info…

Greece’s PPC to Invest €2 Billion per Year by 2015

Reuters – October 21, 2010

More info…

 


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Government Financial Assistance

Grants

Massachusetts Green Energy Fund

Application Deadline: Rolling

More info…

Energy Production with Innovative Methods of Geothermal Heat Recovery

Application Deadline: November 30, 2010

More info…

Renewable Energy Incentives for Homes & Businesses

Application Deadline: July 1, 2010 – December 31, 2010

More info…

 

Tax Incentives and Rebates

Federal Advanced Energy Manufacturing Tax Credit (48C)

More info…

Federal Modified Accelerated Cost Recovery System

More info…

Federal Business Investment Tax Credit

More info…

Federal Renewable Power Production Tax Credit

More info…

Federal Tax Credits for Home Builders

More info…

Federal Tax Deductions for Commercial Buildings

More info…

Self-Generation Incentive Program

More info…

California Property Tax Exclusion for Solar Energy Systems

More info…

Massachusetts Alternative Energy and Energy Conservation Patent Deduction (Personal and Corporate)

More info…

Massachusetts Hydropower-Property Tax Exemption

More info…

Massachusetts Local Property Tax Exemption

More info…

Massachusetts Corporate Income Tax Deduction

More info…

Massachusetts Clean Energy Center Commonwealth Wind Incentive Program: Micro Wind

More info…

Massachusetts Clean Energy Center Commonwealth Wind Incentive Program: Community-Scale Wind

More info…

Massachusetts Clean Energy Center Commonwealth Solar

More info…

 


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Privately Sourced Financial Grants

New Generation Energy Grants, Loans and Microloans

More info…

GE Ecomagination Challenge: Powering the Grid

More info…

The Energy Foundation Grants

More info…

The Renewable Fuels Foundation Grants for Ethanol Production

More info…

The Carbon Trust: The Entrepreneurs Fast Track

More info…

 


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Federal and State Happenings

DOE Launches New Energy Efficiency and Renewable Energy Advisory Committee

DOE – November 12, 2010

More info…

DOE Announces $5 Million in Awards for Ocean Renewable Energy Research Projects

DOE – October 29, 2010

More info…

California Releases Proposed Cap and Trade Regulation

CA.gov – October 28, 2010

More info…

Department of Transportation Awards $2.4 Billion for High-Speed Passenger Rail

White House – October 28, 2010

More info…

Two Solar Energy Plants, Including 1 GW Plant, Approved for Federal Lands

Renewable Energy World – October 26, 2010

More info…

DOE Announces $350 Million Loan Guarantee for Nevada Transmission Line Project

Clean Edge – October 22, 2010

More info…

New Interagency Agreement Establishes Framework for Collaboration on the Economy, Energy, and Environment Initiative

EERE – October 20, 2010

More info…

 


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Legal News

Incentivizing Energy Efficiency across the American Economy

ML Strategies Advisory, Mintz Levin – November 2010

More info…

Cleantech Ecosystems: Why Massachusetts and California Are Ahead of the Rest

Energy and Clean Technology Practice Group, Mintz Levin – October 2010

More info…

Biomass Power Encounters a New Regulatory Forest

Energy and Clean Technology Practice Group, Mintz Levin – October 2010

More info…

Overview of Energy Savings Performance Contracts

Energy and Clean Technology Practice Group, Mintz Levin – October 2010

More info…

Court Upholds Composite Permit for Nation’s First Utility-Scale Off-Shore Wind Project

Energy and Clean Technology Practice Group, Mintz Levin – October 2010

More info…

SEC Compliance in an Era of Climate Change: What You Need to Know

Energy and Clean Technology Practice Group, Mintz Levin – October 2010

More info…

Green Building Newsletter

Energy and Clean Technology Practice Group, Mintz Levin – October 2010

More info…

 


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Events

November

MIT Venture Capital Conference

November 18-19, 2010
Cambridge, Massachusetts

More info…

MIT Sloan CFO Summit

November 18, 2010

Cambridge, Massachusetts

More info…

Biogas UK

November 23-24, 2010
London, United Kingdom

More info…

December

Superior Energy Performance: Leadership in Energy Management

December 8, 2010
Washington, D.C.

More info…

January

7th Annual CLEAN-Tech Investor Summit

January 19-20, 2011
Palm Springs, California

More info…

For a Mintz Levin discount of $300 off the registration rate,
click here.

Networked Solar

January 25-26, 2011
Jersey City, New Jersey

More info…

EUEC 2011 Energy and Environment Conference

January 31-February 2, 2011
Phoenix, Arizona

More info…

 


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Thomas R. Burton III
Chair
Energy and Clean Technology (Boston)
(617) 348-3097
TRBurton@mintz.com

Brady Berg
Member
Corporate (Palo Alto)
(650) 251-7758
BBerg@mintz.com

Evan M. Bienstock
Corporate (New York)
(212) 692-6869
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Travis L. Blais
Tax (Boston)
(617) 348-1684
TLLBlais@mintz.com

Ralph A. Child
Member
Environmental (Boston)
(617) 348-3021
RChild@mintz.com

Tania Rodrigues Cleary
Corporate (Boston)
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TRCleary@mintz.com

Jonathan M. Cosco
Real Estate (Boston)
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Julian Crump
Managing Partner, Member
Intellectual Property (London)
+44 (0) 20 7776 7302
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Daniel I. DeWolf
Member
Co-Chair, Venture Capital and
Emerging Companies Group
Corporate (New York)
(212) 692-6223
DDeWolf@mintz.com

Meryl J. Epstein
Member
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Susan L. Foster, Ph.D.
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Corporate, Securities (Boston)
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Carl A. Kukkonen III
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(858) 314-1535
CAKukkonen@mintz.com

Cynthia J. Larose
Member
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(617) 348-1732
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David J. Leiter
President‚ ML Strategies‚
Washington‚ D.C.
ML Strategies (Washington)
(202) 434-7346
DJLeiter@mlstrategies.com

Jeffrey A. Moerdler
Member
Real Estate, Communications, Environmental (New York)
(212) 692-6700
JAMoerdler@mintz.com

David L. O’Connor
Senior Vice President for
Energy and Clean Technology
ML Strategies (Boston)
(617) 348-4418
DOConnor@mlstrategies.com

Jeffrey R. Porter
Member
Environmental (Boston)
(617) 348-1711
JPorter@mintz.com

Mark J. Riedy
Member
Corporate (Washington)
(202) 434-7474
MJRiedy@mintz.com

Jennifer Sacco Smith
Real Estate (Boston)
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JSaccoSmith@mintz.com

Chuck A. Samuels
Member
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(202) 434-7311
CASamuels@mintz.com

Paul J. Scapicchio
Senior Vice President
of Government Relations
ML Strategies (Boston)
(617) 348-3031
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Gabriel Schnitzler
Real Estate (Palo Alto)
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GSchnitzler@mintz.com

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ML Strategies (Washington)
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