Green

On the GreenBeat: First Wind plans IPO, BMW tries the Zipcar route

Here are the stories we’re following today on the GreenBeat:

Wind farm developer First Wind Holdings is planning a $300 million IPO for this week, Reuters reports. Look for more on this story on the GreenBeat today.

Subsidies for ethanol are slowly losing federal support– instead, the government is looking to boost next-generation biofuels by supporting infrastructure like biofuel pumps and flexible-fuel vehicles, the New York Times reports. The current tax on imported ethanol would also be phased out under new plans.

The utility-scale solar photovoltaic market will grow five times faster than the rest of the industry, according to a new report by IMS Research. First Solar, a thin-film solar giant that specializes in utility-scale projects, is set to benefit. The company recently announced plans to expand production capacity  to 2.7 gigawatts by the end of 2012. IMS predicts the company’s shipments will grow 25 percent and its market share will shrink to around 8 percent.

BMW is offering hourly rentals of its car in a pilot program that looks to take advantage of the popularity of Zipcar-like services, Earth2Tech reports. If it’s successful, the carmaker will expand the program across Europe.

San Antonio, Tex. has become the first water district to use a sewage-to-biogas system, CleanTechnica reports. The city will channel the methane produced in sewage systems to a commercial gas pipeline, where it can be used as a power source.

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