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January 8, 2009 2:41 PM

Energy Roundup: SunEdison Buys Real Estate, ZeaChem Gets $34M, and More

By
Christopher Wink
(MoneyWatch)  Company raises $34 million for cellulosic-ethanol plant -- Cellulosic-ethanol startup ZeaChem raised $34 million to help build its next-generation American biofuel plant. The company plans on launching construction on a 1.5 million gallon-per-year plant in Oregon later this year. [Source: Earth2Tech]

Energy group, realty company reach deal on solar -- Cleveland-based Developers Diversified Realty will generate $2.5 million in revenue this year by allowing solar-energy provider SunEdison to place solar-power panels on top of the realty company's shopping centers. The panels will be placed this year at up to 30 centers in U.S. states and territories that have solar-power subsidies, like California, Colorado, New Jersey and Puerto Rico. [Source: Wall Street Journal]

Retail company planning energy cuts -- Property manager Cushman & Wakefield has come to an agreement with the EPA to drastically cut emissions from its properties. By using energy-efficient technologies and practices, the company aims to reduce its energy consumption 30 percent by 2012 at its more than 3,000 managed properties. [Source: Earth2Tech]

Large solar energy system launched at winery -- Renewable energy system producer Perpetual Energy Systems and Foster's Wine Estates Americas have announced the activation of four solar installations, including what they call the largest single solar-energy system hosted by a U.S. winery. [Source: Business Wire]

Department of Energy to fund pilot biorefineries -- The U.S. Department of Energy will offer up to $200 million through 2014 to support the development of demonstration-scale biorefineries that use new energy sources like algae or otherwise produce advanced biofuels. The total is subject to annual appropriations. [Source: Renewable Energy World]

Solar orders reach $5 million for company -- Solar-energy company Tempress Systems has received $5 million in orders from two customers for its diffusion processing systems for solar power system manufacturing. One customer is based in Asia and the other in Europe. [Source: Renewable Energy World]

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