China Merchants New Energy Group, a Hong Kong-based renewable-energy project developer, will form a joint venture with Xinjiang Production and Construction Corps Investment Co to invest USD489 million to develop solar farms.
Geothermal company Ormat Technologies says that Sarulla Operations has signed joint operating and energy sales contracts for its 330-MW Sarulla geothermal power project in Indonesia.
Hong Kong-headquartered GCL-Poly and China’s Yingli Green’s have signed a major new agreement for the supply of PV modules to fill the former’s project pipeline estimated at about 1-GW.
China's inexorable demand for energy has seen it sign a slew of multi-billion deals in the past in the past week or so, reflecting the new complexities of the international energy market. They add to new calculations by analysts that China is set to produce enough crude oil outside its borders to rival OPEC members such as Kuwait and the United Arab Emirates.
In a recent interview with the Financial Times International Energy Agency chief economist Fatih Birol said last year's USD35 billion foreign energy company buying spree by Chinese companies will produce the equivalent of Kuwait's output by 2015.
China’s CNOOC announced today that it has completed its acquisition of Canada’s Nexen Inc in the long-fought USD15.1 billion battle that required approval by a large group of stakeholders including both the Canadian and US governments.
AMSC, a global provider of solutions to the wind and power grid industry, has landed a contract worth over USD30 million to supply wind turbine electrical control systems (ECS) to Inox Wind Limited, part of India's Inox Group of Companies.
Solar Frontier, a subsidiary Japanese oil company Showa Shell Sekiyu KK, says it has reached a basic agreement with the Development Bank of Japan (DBJ) to jointly establish a company to build utility-scale solar power plants, initially targeting 100-MW per year.
Indian wind turbine giant Suzlon Group and Orange Renewable Power, an independent power producer, have agreed to jointly develop a 50.4-MW wind energy project in the Jaisalmer district of Rajasthan.
Korean solar company Hanwha SolarOne has raised USD100 million in three-year bonds, in another cash-raising exercise. It follows getting a USD475 million credit agreement with the Bank of Beijing last month, as questions must be raised over the health of the company's operating cash flow. It has been on a acquisition trail recently, including winning the takeover battle for control over Q-Cells late last year.
China's largest privately-owned clean-energy company, Hanergy Holding, has finalized its 100 percent acquisition of US-based MiaSolé. The deal should allow MiaSolé to expand its research and development and aims to reduce its copper-indium-gallium-selenide (CIGS) solar cell production costs to below USD0.50 per watt.
China water treatment and recycling company United Envirotech has received another USD40 million in investment from KKR. The US private equity giant agreed to buy shares in the Singapore-listed firm at an 8.5 percent premium, giving it 20.6 percent of the company.
SIDBI Venture is selling its interest in Bangalore-based HHV Solar. The India-focused venture capital firm had made a USD7 million investment through its SME Growth Find in 2008, along with Aureos Capital.
Philippine company Basic Energy Corp is reported to be on the verge of signing a USD2 billion deal to develop both renewable energy and oil and gas projects.
SMA Solar – the world’s biggest maker of PV inverters – has cemented its position in the increasingly vital Chinese market by taking a majority stake in a local business.
The Canadian government has approved a USD15.1 billion bid from China National Offshore Oil Corporation (Cnooc) to buy Nexen, a deal that highlights China’s worldwide pursuit of natural resources and energy assets.
Canadian Prime Minister Stephen Harper also announced the approval of Petroliam Nasional’s USD5.2 billion takeover of Progress Energy Resources.
Solar Frontier has been contracted by the Mitsui Group to supply thin-film solar modules for use in Japanese utility-scale solar projects, totaling 14.1-MW.
Only days after former Indian President APJ Abdul Kalam certified the Kudankulam nuclear plant as safe, the country signed an agreement with Canada to import uranium.
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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