Babcock & Brown, an infrastructure investment holding company, endured a 50 percent blow to its stock price last week over fears of an unsustainable debt level. The company’s debt stands at roughly A$2.8 billion, while its market cap is only about A$1.75 billion. B&B has received a lot of criticism for its company model, which [...]
A colleague of mine recently told me of a conversation he had with a friend of his in the investment community. Greentech is more concept than reality, the investor said, and the market is bound for a drastic shift once investors figure that out. A lot of the focus in the greentech market is on [...]
It’s been a tough month for Massachusetts House Speaker Sal DiMasi. The ethically challenged DiMasi confirmed this week he met with Jay Cashman, a Boston construction magnate, about a deal to ease restrictions for a wind farm Cashman is planning to build in Buzzards Bay near Cape Cod. This contradicts previous statements DiMasi made denying [...]
Yesterday Massachusetts House Speaker Sal DiMasi, flanked by Gov. Deval Patrick and Senate President Therese Murray, held a press conference introducing the Speaker’s $100 million green jobs bill. DiMasi, speaking at the press conference, said the bill “combines our commitment to jobs creation and economic development with our duty to protect the environment and increase [...]
A spin-out from a Massachusetts aerospace company has come up with a novel wind turbine that it says can harvest two to three times the amount of power from the wind than conventional turbines.
The FloDesign Wind Turbine is based around the design of jet engines, something that its parent company FloDesign designs. (Some of FloDesign’s [...]
Shell’s decision Wednesday night to drop out of the proposed London Array has created a lot of finger-pointing and a lot of unanswered questions. The oil giant pulled its 33 percent stake in what would have been - and may well still be - the world’s largest offshore wind project, saying only that the decision [...]
Green Light is the traffic cop at the intersection of green technology, business and policy. We cover the highs and lows of the greentech market, providing news, commentary and analysis on the companies and personalities–-winners and losers alike-–driving its growth and evolution.
Buildings are the George Harrison of green tech. Usually, it's the first two guys--solar and biofuels--that come to mind when the green tech gets debated. ...
Tesla Motors chairman Elon Musk is serious about getting beyond sports cars. At a press conference with California Governor Arnold Schwarzenegger, Tesla co-founder and chairman Elon ...
Despite the near daily hum telling us that we're in big trouble, sometimes we read something that makes us think: wow, we're in big trouble. ...
Greentech Media: Headlines