Gaelectric, Betapond, Movidius, and Elivar Secure Funding

Gaelectric completes €65m funding round 25.03.2013 Renewable energy generation and energy storage group Gaelectric said today that it has completed a €65m funding round for its onshore wind energy portfolio on the island of Ireland. The portfolio is made up of 164 MW of generation capacity across 13 projects that the group plans to develop out by 2017. The company said the projects represent a total investment of around €250m. Gaelectric said it has also concluded a framework agreement with German turbine manufacturer Enercon which will see the latter’s technology deployed on all the Gaelectric sites covered by the current funding round. The funding is led by the Swedish group, Proventus Capital Partners ,…

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MMG Fusion Data Breach – What Happened?

Cyber Attacks & Randsomware

Allegedly, a data breach occurred on the servers which contain MMG Fusion’s website and data on Dec. 20, 2020. However, it cannot be substantiated by a reliable source that we have been able to find. The only sites which are reporting the breach occurred are ones that our staff has never heard of, nor did said sites provide any backing information to prove the breach occurred.

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NTR loss drops to €16.2m as it focuses on wind energy

Renewable energy

Investor and asset manager of renewable projects NTR has reported a significantly lower loss of €16.2m for the year ended 31 March 2013, down from €88.8m the previous year. It said it had delivered the key components of its three-year strategic plan a year ahead of schedule by building cash reserves and consolidating the group into a “slimmer, renewable investment and asset management group, with a particular focus on wind energy”. The group’s total assets stand at €775m, further to it selling Greenstar Recycling for $180m as well as wind and solar assets and its remaining shareholding in ethanol producer Green Plains Renewable Energy. NTR expects to invest in wind…

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Pinterest raises $100m in funding

Business and Leadership Ltd.

Social network site Pinterest has received a US$100m investment in a round led by Japan’s biggest e-commerce site Rakuten. According to the Wall Street Journal, the funding values Pinterest at US$1.5bn. The round includes follow-on investment from existing investors Andreessen Horowitz, Bessemer Venture Partners, and FirstMark Capital, as well as a number of angel investors. Now the 16th most visited site in the US, Pinterest functions like an online mood board, allowing users to ‘pin’ photos and images, and follow others’ collections. In a statement Rakuten said the funding will allow Pinterest to continue improving its service and expanding its community globally. “While some may see e-commerce as a straightforward vending…

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