Clear Financial Fund Invests $30M in Solar; Superior Energy’s CEO talks at Barclay’s Energy-Power Conference; New Report Says Renewable Sources Provide 6% percent of U.S. Electricity
Clear Financial’s Solar21 Renewable-Energy Ireland fund has paid 25 million euros, about $31.4 million dollars, to buy solar power farms in Italy from AEG Power Solutions. The Irish hedge fund is in talks about buying more solar energy production for another 45 million euros, about $56.5 million dollars. Solar21 has 100 million euros, about $125.6 million dollars in assets, and targets 8.5 percent annual returns.
The president and CEO of Superior Energy Services, David Dunlap, will make a presentation at the 2012 Barclay’s CEO Energy-Power Conference this week in New York. Superior Energy serves oil and gas companies worldwide with drilling products and integrated completion and well intervention services and tools.
Renewable energy sources provided almost six percent of electrical generation in the U.S. in the first half of this year, according to a new report by the Energy Information Administration. The sources, which included solar, biomass, geothermal, solar and wind, scored an increase in use of 11 percent over the same period in 2011.
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