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Modern Energy Roundup – December 10, 2012
Electric Car Sales Soar. . .Again
In case you missed it, Todd Woody over at Forbes reported last week that electric car sales reached a record in November for the fourth consecutive month. Total sales of electric cars for 2012 are now up to 47,500.
You can read the entire piece here.
Chinese Win Bid for US Battery Maker
Well, we thought Johnson Controls (NYSE:JCI) was going to take the lead on this one. We were wrong. Wanxiang America Corporation has just picked up nearly all of A123′s assets for $256.6 million. A bargain if we’ve ever seen one. The only thing Wanxiang didn’t get were military contracts, which have been acquired by U.S.-based Navitas Systems for $2.25 million. You can read more here.
100 Megawatts of South African Solar
Suntech (NYSE:STP) and Siemens (NYSE:SI) are getting ready to supply about 100 megawatts of solar panels for two projects being developed in South Africa. The systems are expected to produce about 180 gigawatt-hours of electricity, or enough to power about 15,000 homes.
Modern Energy Roundup – December 10, 2012 originally appeared in Green Chip Stocks. Green Chip Review is a free 2x-per-week newsletter, is the first advisory to focus exclusively on investments in alternative and renewable energies.
2012-12-10 15:46:58
Source: http://www.greenchipstocks.com/articles/47500-electric-cars/2160
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