By KEVIN J. O'BRIEN 20 Apr, 2011
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Source: http://feeds.nytimes.com/click.phdo?i=daae932b56791f929cd4016764e35dff
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By KEVIN J. O'BRIEN 20 Apr, 2011
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Source: http://feeds.nytimes.com/click.phdo?i=daae932b56791f929cd4016764e35dff
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By KEVIN J. O'BRIEN 20 Apr, 2011
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Source: http://feeds.nytimes.com/click.phdo?i=6cd12b879759f17d2b56a3c8602a9ce1
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The U.S. Department of Energy has awarded a $2.1 billion loan guarantee to Solar Trust of America for a solar thermal power plant near Blythe, Calif.
The Oakland, Calif.-based company secured the loan for the first phase of a project that will generate 1,000 megawatts of power. Solar thermal power plants use an array of mirrors that focus sunlight onto a single point on a tower. The heat from the focused sunlight heats up water, creating steam that moves conventional turbines to generate electricity.
The loan guarantee basically means the government will cover the debt Solar Power Trust of America will accrue to finance the project if it cannot pay it back to other borrowers. Many renewable energy projects — particularly wind power farms — have large up-front costs and take a while to break even.
Solar power towers recently made news when Google dropped $168 million in a solar power tower project in the Mojave Desert in California. Power towers aren't entirely new — there were two solar power towers deployed in California already to show that the technology worked. The two towers generated 38,000 megawatt hours of electricity while they were active between 1982 and 1988.
The new project should also help push California toward its new goal of generating around a third of the state's power from renewable energy sources — a law that Calif. Gov. Jerry Brown signed last week. The new law is a major incentive for clean technology companies in the state to begin ramping up their production of clean energy sources. Previous laws required power companies to fill 20 percent of their output with renewable energy sources by 2010 with a 3-year grace period.
Tags: solar power, solar power tower, solar thermal power, thermal power
Companies: Google, Solar Trust of America
By KEVIN J. O'BRIEN 20 Apr, 2011
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Source: http://feeds.nytimes.com/click.phdo?i=e435db94abc8168958f719f9a5053694
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By KEVIN J. O'BRIEN 20 Apr, 2011
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Source: http://feeds.nytimes.com/click.phdo?i=2a406c94c2b0309aba8757b67c9228f4
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We have seen plenty of high-tech investors taking stakes in online fashion businesses, such as Atomico Ventures, the investment fund of Skype co-founder Niklas Zennström, investing in Fashiolista, an online fashion community.
A fashion magnate investing in startups is much more unusual. Renzo Rosso, the founder of clothing company Diesel, has just taken a 20 percent stake in the startup incubator H-farm. The amount of the investment was not disclosed.
H-Farm was founded in 2005 is based in an estate in a rural area overlooking the Venice lagoon in Italy. H-farm makes seed investments in startups which then remain on the estate for up to 36 months before taking on further investment rounds. There are H-farm branches in Seattle, Mumbai and London. In its first 5 years, H-farm invested 9.5 million EUR ($13.62) in 26 startups. Another 10 million EUR ($14.33) is expected to be invested in the next 5 years.
Renzo Rosso owns not only Diesel but a plethora of other fashion labels including Marc Jacobs Men, Viktor & Rolf and Vivienne Westwood. Diesel has a turnover of $350 million per year and employs more than 1,300 people.
Tags: fashion, incubator
Companies: diesel, h-farm
People: renzo rosso
By KEVIN J. O'BRIEN 20 Apr, 2011
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Source: http://feeds.nytimes.com/click.phdo?i=8854537f7e463c135c526446d39e87de
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By KEVIN J. O'BRIEN 20 Apr, 2011
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Source: http://feeds.nytimes.com/click.phdo?i=cde8df9c7ca9e651967b73be53b7aece
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By KEVIN J. O'BRIEN 20 Apr, 2011
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Source: http://feeds.nytimes.com/click.phdo?i=77f65c42933037cabcf462bba6f246c6
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