Utilities & Clean technology Correspondent, London
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Nov 2, 2011
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Oct 12, 2011

Ceres Power to launch green boiler in 2014

LONDON, Oct 12 (Reuters) – British clean technology firm
Ceres Power expects the launch of its only product, an
energy efficient boiler, in mid-2014 following repeated delays.

Since the start if the year, technical problems related to
its combined heat and power (CHP) product have led to a 65
percent drop in the company’s share price, which touched a
lifetime low on Wednesday.

Oct 10, 2011

Trading Emissions culls dividend as carbon prices drop

LONDON, Oct 10 (Reuters) – British clean-energy projects
developer Trading Emissions said on Monday it will
scrap its dividend given the continued drop in carbon prices,
which had also forced it to abandon sale talks earlier this
year.

Trading Emissions trades carbon offsets in a market in which
rich countries pay developing nations to cut emissions on their
behalf under the U.N.-backed Kyoto Protocol.

Oct 10, 2011

GE investment puts Greenko’s wind plans on track

LONDON (Reuters) – London-listed clean energy producer Greenko said a $50 million investment by a unit of GE will put it on track to achieve 1 gigawatt (GW) of operational wind capacity by 2017.

A division of GE Energy Financial Services will invest the cash to support development of 500 megawatt (MW) of Greenko’s wind energy projects, the company said on Monday.

Sep 28, 2011

Schroders disappointed at Melrose’s Charter snub

LONDON, Sept 28 (Reuters) – Schroders , the
second-biggest investor in Charter International which
has agreed to a takeover by U.S. group Colfax , said on
Wednesday it was disappointed Melrose had dropped its
interest in the British engineer.

Melrose, a manufacturing buyout group which had circled
Charter for three months, said on Tuesday it had decided not to
make an offer in light of the current weak economic environment,
having completed due diligence and agreed terms with its
financing banks.

    • About Adveith

      "I moved to Reuters' London bureau in February to cover green technology and UK utilities after a stint in Bangalore. In four years with Reuters, I have covered some of the biggest utilities and clean technology companies in the United States and Britain, from bureaus in London, Bangalore and, briefly, New York. I have also been a key part of two of the company’s biggest headline news operations – in Bangalore and London - since 2008, sending fast news alerts on the biggest companies on both sides of the Atlantic. I enjoy writing about sports, and occasionally contribute to Reuters' sports blog, ..."
      Joined Reuters:
      May 2008
      Languages:
      English, Hindi, Malayalam
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