|Ken Novak's Weblog
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Tuesday, October 10, 2006
Foresight for UK venture capital investment funding for sustainability:
"Foresight Sustainable Development [fund] is aimed at very High Net Worth investors and their advisers looking to invest in excess of £100,000 in unquoted growth situations in sustainable markets. This will be structured as a Limited Partnership to avoid the constraints of a VCT. It will exploit opportunities in renewable energy, energy efficiency, the recycling of materials and energy security. It will invest across project finance, new technologies and service businesses.
Matt Taylor, partner at Foresight, explains: “In the clean fuels arena, many investors seem to be driving up the valuations of “blue sky” technologies. Our approach is different: we are concentrating on infrastructure projects and the exploitation of proven technologies. Sustainable development is an investment cycle for the long-term and we will invest only when the balance of risk and reward is right. This is going to be a small, tightly-focussed fund which should be fully invested over 12-18 months.” It launches in early October 06. 12:26:07 AM
Floating Wind Turbines the Wave of the Future?
"Among three designs for floating giant wind turbines in the deep ocean, MIT research is focusing on the tension leg platform (center), a system that oil companies use for deep-water rigs. .. According to their analyses, the floater-mounted turbines could work in water depths ranging from 30 to 200 meters. In the Northeast, for example, they could be 50 to 150 kilometers from shore. And the turbine atop each platform could be big -- an economic advantage in the wind-farm business. The MIT-NREL design assumes a 5-megawatt (MW) experimental turbine now being developed by industry. (Onshore units are 1.5 MW, conventional offshore units, 3.6 MW.) ..
Sclavounos estimates that building and installing his floating support system should cost a third as much as constructing the type of truss tower now planned for deep-water installations. Because of the strong offshore winds, the floating turbines should produce up to twice as much electricity per year (per installed megawatt) as wind turbines now in operation. And since the wind turbines are not permanently attached to the ocean floor, they are a movable asset." 12:18:35 AM