- TRUenergy, an Australian subsidiary of Hong Kong's CLP Holdings Ltd., announced this morning it will build a 154 MW solar plant in Victoria, Australia. The company, which just picked up a 20 percent stake in concentrated PV firm Solar Systems, plans a A$7 million initial cost for the 7 MW pilot plant, and an additional A$285 million to develop the rest of the capacity using Solar Systems's technology. Construction on the plant should kick off in 2009, as soon as Solar Systems receives its next shipment of convict-workers for the island penal colony.
- Richard Branson ... blah blah blah ... 20 percent biofuel ... blah blah blah ... one engine ... blah blah blah ... a three hour flight ... blah blah blah ... Imperium ... blah bla... wait? Imperium is still a company? And speaking of still a company, doesn't the the fact that Virgin's biofuel powered (kind of) flight lasted three hours make you want to sing the Gilligan's Island song?
- Australian carbon broker Greenair Ltd. will attempt to raise A$100 million ahead of an IPO during the next 12 months. Australia, which ratified Kyoto in December following John Howard's embarrassing electoral loss to Kevin Rudd, a known lover of animals and children, is set to become an active carbon market sometime in the next two or three years. Greenair founder Himansha Dua will sell up to 20 percent of his stake in the company before the IPO in a bid to value the company at between A$430 million and A$520 million. Sadly the announcement comes to late to halt the clearcutting of Billongamick.
Carbon trading comes too late for one Australian - And finally today... "the road to hell may be paved with green intentions."
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