Hong Kong’s Cheung Kong Infrastructure Holdings Limited (CKI) and sister company Power Assets Holdings Limited have announced an expansion into Australia’s renewable energy sector with a AUD33.6 million (USD34.3 million) investment into a power transmission link in the state of Victoria.
Japan’s Hitachi Zosen Corp, an industrial machinery maker, is leading a group including Toshiba Corp and JFE Holdings Inc that plans to build 120 billion yen (USD1.5 billion) of offshore wind farms in Japan, according to reports in Bloomberg and the Nikkei newspaper.
Spain’s Gamesa has bagged a contract with to supply multiple wind turbines with a capacity of 48-MW China Longyuan Power Group in the eastern province of Fujian.
Eco Marine Power Co, a technology company based in Fukuoka, Japan, has announced that it has completed the high-level design for its innovative rigid sail known as the EnergySail. The device will allow ships to harness both solar and wind energy to cut fuel costs and emissions of CO2 and air pollutants.
The company claims that the EnergySail is unlike any other sail, in that it can be used even when a ship is at anchor or in port and has been designed to withstand high winds or even sudden micro-bursts, the company said in a statement.
Japan’s environment Minister Goshi Hosono unveiled a new strategy Friday to boost power generation capacity of four primary renewable energy sources — offshore wind, geothermal, biomass and tidal power — by more than by 2030.
The plan, if successful, is aimed at eliminating all nuclear power plants.
Announcing the Innovative Strategy for Energy and the Environment after the day's Cabinet meeting, Hosono said his ministry plans to increase the combined annual capacity of electricity generation through the four key renewables to as much as 19.41 GW by 2030
Sinovel Wind Group, which was until last year China's largest wind turbine maker, saw its net profits plummet 96.25 percent year-on-year in the first half of 2012 due to sluggish demand and fierce competition.
Thai power and engineering company, Gunkul Engineering Pcl, claims it can double its sales within three years just by the development of renewable energy plants.
Sources of clean energy generated 106.8 billion kilowatt-hours of electricity in July, up 31 percent from a year ago, according to figures released by China’s State Electricity Regulatory Commission on Tuesday.
The popular tourism and diving resort area of Puerto Galera in the Philippine province of Oriental Mindoro is set to be the site of the country’s largest wind power plant with an output capacity of 48-MW.
The first phase of the project, which will dwarf the 33-MW Bangui site in Illocos Nortes, will get under way next month according to Rodolfo Valencia, the local congressional representative.
The PHP6 billion (USD140 million) energy project will be developed in three 16-MW phases.
Seattle-based global renewable energy risk analysis firm 3TIER has announced that it will open an office in Beijing to serve what it calls “increased demand” for its services in China, Japan, Korea, and Southeast Asia.
There is a doubling of wind power generation capacity in Sri Lanka following the addition of three new parks of 10-MW each. Connected to the grid last week the three farms bring Sri Lanka’s total power generation capacity to 3,120-MW.
Green Infra Ltd is the latest Indian renewables company planning to separate project development from turbine orders for wind farms in order to leverage better deals and broaden their base of potential suppliers.
The New Delhi-based developer, which is backed by leading Indian integrated infrastructure finance player, IDFC Private Equity, seeks to bring down costs by acquiring land and clearances for new projects, tasks traditionally handled by the turbine supplier in India
Singapore-based Armstrong Asset Management, a newly-established independent clean energy asset manager, is creating a USD150 million fund to invest in renewable-power projects in Southeast Asia as countries in the region offer incentives to expand the industry.
After being threatened with a lawsuit over allegedly stolen technology, Sinovel, China's largest manufacturer of wind turbines, said Friday that its Brazilian client, Desenvix, had decided to drop the lawsuit.
Hong Kong-listed Guodian Technology & Environment Group has received approval from China Securities Regulatory Commission for a corporate bond issue valued at CNY4 billion (USD628 million).
A comprehensive new study has been published by Australia’s new Bureau of Resources and Energy Economics (BREE), providing “the best available and most up-to-date cost estimates” for 40 utility-scale electricity generation technologies between now and 2050, albeit under Australian conditions.
Research company Frost & Sullivan is bucking the current, downbeat perspective on the cleantech industry by emphasizing its the long-term outlook in a new report. In particular it identified smart water, energy efficiency and energy storage as markets set for growth. And while renewable energy prospects are not as bright as they once were, the research firm still sees opportunity.
This report by the World Bank spells out what the world would be like if it warmed by 4 degrees Celsius, which is what scientists are nearly unanimously predicting by the end of the century, without serious policy changes.
Companies in Asia reveal expectations that regulations that could lead to rising costs for reporting and reducing GHG emissions will also be the main sources of climate-related business opportunities.
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