Tata Invests $36M In Aussie Geothermal Firm: Mumbai’s Tata Power will buy a 10 percent stake in Australian enhanced geothermal systems firm Geodynamics for $36 million. Hot rocks are heating up, as Google and the Australian government have both made investments recently as well – Herald Sun.
Greenpeace Proposes Huge Grid for Offshore Wind: The environmental group has proposed plans for a 3,850 mile transnational power grid in the North Sea that would connect more than 100 wind farms, containing 10,000 turbines, to seven countries – Guardian.
New York Approve Iberdrola’s $4.6B Plan to Double State’s Wind Energy: State regulators approved a deal allowing the Spanish energy conglomerate to acquire Energy East and invest $2 billion in new turbines across the state – NYTimes.
New Zealand Passes Renewable Fuel Standard: The Kiwi Parliament passed legislation requiring oil companies to supply biofuels as a part of their total sales starting at 0.5 percent in October and going up to 2.5 percent by 2012. Critics echo the same concerns heard in the EU and U.S. where similar mandates have been challenged for raising food prices – The National Business Review.
Biocatalyst Maker Codexis Pulls IPO: Redwood City, Calif.-based Codexis, which develops biocatalysts for pharmaceutical and biofuel uses, has withdrawn its plans for an initial public offering, citing current public market conditions – Cleantech Group.