My yuletide choice is a relatively cautious play in the renewables sector, with an electrifying new technology on top – for free!
Indian wind farm play Greenko Group (AIM:GKO) has commissioned 50 MW worth of wind assets.
Power plant developer Rurelec (AIM:RUR) has received $31.5 million in compensation for its stake in the Bolivian electricity company nationalised in 2010.
Wasabi Energy (AIM: WAS) has remarked the recent deal for the Hinkley nuclear power plant could created 'significant opportunities' for the company.
The British government agreed a deal with French ENERGY behemoth EDF Energy that will see the British government guarantee a price of £92.50 per megawatt hour to deliver electricity to the UK grid, falling to £89.50 if EDF goes ahead with prospective plans to build another station in Suffolk.
Wasabi's 'Kalina Cycle' technology works by converting heat from power plants and using to this generate electricity.
Chairman John Byrne enthused that the guaranteed prices at Hinkley should result in 'projects being promoted by Wasabi Energy becoming exceedingly attractive'.
Shares in Wasabi currently trade at 0.6p, valuing the group at £22.7 million.
Interim sales and profits have fallen at clean energy play Greenko (GKO), whose Mauritian subsidiary has secured $70 million (£43.7 million) of bank funding.
US group General Electric (GE) is to put £50 million (£31.3 million) into Indian clean energy concern Greenko's new wind power venture.
Indian clean energy generator Geenko Group (GKO) is set on fast expansion after boosting its annual pre-tax profit 188 per cent to €14 million (£12.7 million).
Latin American clean power supplier Rurelec (RUR) awaits hefty Bolivian nationalisation compensation after turning £647,000 losses into £145,000 continuing pre-tax profits.
Indian power generation group OPG Power Ventures (OPG) has raised up to £60 million at 93p to fund capacity expansion.
Leading Indian clean energy specialist Greenko is driving capacity growth after increasing interim pre-tax profits eightfold to €9.1 million (£7.6 million).
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