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Stock Market & Financial Investment News

News Breaks
August 13, 2014
10:20 EDTCBDECBD Energy acquires equity interest in Environmental Engineering Group
CBD Energy entered into an agreement with Environmental Engineering Group Thailand to acquire 30% of the company. As part of the transaction CBD intends to grant EEG a sub-license to utilize the Westinghouse Solar brand in Thailand. The company has developed a unique market position with an attractive model for commercial solar rooftops which is supported by a partnering agreement with the Government owned Provincial Electricity Authority’s renewable energy subsidiary PEA ENCOM. This transaction will ensure that CBDE participates in EEG’s extensive project pipeline of over 100 megawatts with the potential for significant and rapid growth. This pipeline is in addition to an agreement, announced August 1, with Environmental Engineering Group Thailand to participate in the construction of 64MW of solar projects with a projected development cost of approximately $112M. The projects are supported by 25-year power purchase agreements.
News For CBDE From The Last 14 Days
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December 8, 2014
13:49 EDTCBDECBD Energy Limited receives delisting notice from Nasdaq
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