Iberdrola commits $8B investment to U.S. cleantech sector
Spanish utility and renewable heavyweight Iberdrola has revealed that it will invest a hefty $8 billion in the American cleantech sector over the next 3 years. Though it plans on focusing most of its investment activities in the U.S.’s burgeoning wind sector, it also hopes to gain a foothold in the country’s other clean energy markets.
Iberdrola chairman Ignacio Sanchez Galan said he considers the U.S., with its growing interest in renewable energy and ideally flat… Continue Reading
Global Water Resources, a water and wastewater utility, files for $50M IPO
Global Water Resources, a Phoenix, Ariz., based firm that provides water, wastewater and recycled water utility services, has filed for an IPO on the NASDAQ, hoping to raise up to $50 million. Its shares will be listed under the ticker symbol “GWRI”; the lead manager for the offering is Janney Montgomery Scott.
The company owns 16 wastewater utilities in Arizona and serves over 38,000 customers. Proceeds from the public offering will be used for capital expenditures,… Continue Reading
Noble Environmental Power files for $375M wind power IPO
Despite a rough market for IPOs — as evidenced by Real Goods Solar’s tough first day of trading yesterday — Noble Environmental Power, an Essex, Conn., wind power startup has filed plans to raise up to $375 million in an IPO
Its share sale will be underwritten by Lehman Brothers, JPMorgan and Credit Suisse; CPP Investment Board is a minority backer. Noble Environmental currently manages 282 MW; its wind farms are located in New York, Michigan,… Continue Reading