Japan’s biggest banks are following Goldman Sachs Group into domestic solar-power projects, anticipating an eightfold increase for investments in the industry.
China solar panel manufacturer, JinkoSolar Holding has sold its six-year corporate bond issue of CNY800 million (USD128 million) to fund capital expenditure and working capital.
The Philippine Stock Exchange will see a sizable renewable energy flotation from the power generation arm of the Sunwest Group of Companies. Plans are still being outlined but currently hydropower holdings are expected to make the majority of the asset base.
The Malaysian energy and water company, Ranhill Energy and Resources is planning to float on Kuala Lumpur stock exchange by the second quarter of 2013.
Suzlon Energy has been told to raise INR5,000 crore (USD921.72m) or sell its prized subsidiary REpower by creditors who are making the demands before they will agree to lower interest rates.
Chinese solar manufacturers are definitely one sector that will not be unhappy to see end of 2012 as it was the most difficult year to date, according to solar market research company ENF.
Despite the upbeat announcement of higher than expected Q4 shipments for Yingli Solar, launching it into the world number 1 spot ahead of Suntech Power, few companies had much to celebrate during the past 12 months.
Attracted by seemingly massive demand and profits, too many new manufacturers flooded into the industry in 2011, with the number of core solar chain producers (ingot, wafer, cell and panel) rising from 807 manufacturers to 901.
The EU and Singapore have negotiated a draft free trade agreement (FTA) that, for the first time, includes language aimed at promoting “green growth” which is part of the Union’s “2020 strategy” for boosting the economy and reducing unemployment.
China’s announcement this week that it would allocate 7 billion yuan (USD1.1 billion) in subsidies for domestic solar companies this year has sent solar stocks across the globe sharply up while throwing a lifeline to embattled domestic solar companies.
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.
Suntech Power Holdings Co. (STP), the world’s biggest solar-panel maker, reduced its forecast for shipments this year and plans to restate earnings back to 2010 following a fraud investigation over an investment in Italy.
With deadlines fast approaching, the Canadian government says it will unveil new policy guidelines on foreign investment. The new rules are expected to be released at about the same time it announces verdicts on two proposed foreign takeovers of domestic energy companies: a bid by China's CNOOC Ltd for Nexen Inc and Malaysia's Petronas buyout plans for Progress Energy Resources Corp.
In a sign that cracks are appearing in China’s steadfast support for its ailing solar manufacturers, LDK Solar has been sued by Shanghai Rural Commercial Bank for overdue loans worth 100 million yuan (USD16 million), reports the Economic Information Daily.
Following in the footsteps of Suntech Power Holdings, two more of China’s top solar photovoltaic manufacturers are seeking to avoid having their American depository receipts (ADRs) delisted on US securities markets.
In another sign that China is ready and willing to prop up its embattled solar in industry, Shanghai-based photovoltaic (PV) technology and project developer Sky Solar Holdings announced last week it had secured a credit facility worth RMP10 billion (USD1.6 billion) from China Development Bank Corp.
LDK Solar Co. the second-biggest maker of solar PV wafers rose the most in almost a year after Chinese investors purchased a minority stake in the company, according to Bloomberg.
A Thai biofuel company, Energy Absolute, is moving into solar power and financing it with an initial public offering (IPO). Energy Absolute said it will issue 560 million shares to fund a 90-MW solar project.
RepuTex-ESG, a Hong Kong-based research firm, has launched RepuTex ESG-Connect, Asia’s first platform to provide companies, asset managers and investors with free environment, social and governance (ESG) research, data and content on Asian companies.
News that Suzlon Energy is set to default on over USD200 million in overseas convertible bonds and that Sinovel's net profits for the first nine months of the year would be down 50 percent, indicate that global wind turbine companies are facing financial hurdles so far mainly experienced by the solar sector.
Yingli Green Energy Holding and JA Solar Holdings, two of China’s top four solar cell makers, cut forecasts for total shipments for the year after losses widened and prices of their products plunged.
The past two weeks have seen the Chinese solar energy pioneer Suntech Power Holdings Co Ltd plunge into a downward spiral after revelations of questionable accounting, leaving the firm on the edge of financial collapse and its fate largely in the hands of Beijing. But rather than rescue Suntech, Beijing should let the company collapse to send a message that it won't support companies that engage in such financial shenanigans.
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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