Goldman Sachs is reported to have committed JPY50 billion (USD487 million) for the development of solar and wind power generating projects in Japan over the next five years.
Singapore-based Armstrong Asset Management has received a fourth commitment of a USD20 million investment for its Armstrong South East Asia Clean Energy Fund from the International Finance Corporation (IFC), to add to its first close of USD65 million.
The fund, a newly established, independent private-equity vehicle providing development capital to small-scale renewable energy and resource efficiency projects in Southeast Asia, is targeting a final close of USD150 million by August 2013.
China Guangdong Nuclear Power Group (CGN) is planning to invest 4.5 billion yuan (USD731 million) in an offshore wind farm adjacent to one of the islands of Pingtan Country, off the coast of Fujian Province. The company says, rather optimistically, that it hopes to start project construction next year.
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.
The World Bank has agreed to loan Vietnam’s Da Nang city USD202.5 million to support its Sustainable City Development Project.
The funds will be used to help improve the city's drainage systems and arterial roads, upgrade the public transport system and enhance the city government's urban management capacity.
World Bank Country Director for Vietnam Victoria Kwakwa told the Vietnam News that she hopes that the project will create a good model for a "green city" and sustainable urban development to inspire similar development in other cities across Vietnam.
A consortium of six Japanese banks led by the Development Bank of Japan (DBJ) will loan 18 billion yen (UD191 million) for a lrage wind power project in western Japan.
Turkey’s Hitay Investment Holdings plans to invest USD2.5 billion in three geothermal power projects in East Java, Indonesia, with a total estimated power potential of about 1.1-GW.
Indian clean energy specialist Greenko has been boosted by a GBP100 million (USD151 million) investment from a Singaporean sovereign wealth fund which will allow the company to further build out its portfolio of clean power in India where the rapidly expanding economy has been throttled by a lack of reliable power supplies.
India’s Welspun Group has received 8.85 billion rupees (USD 161 million) from lenders including the Central Bank of India to finance the country’s largest solar project.
Nepal is to boost its electricity generating output by 20 percent by building a USD500 million hydropower plant.
The Asian Development Bank (ADB) is lending USD150 million towards the 140-MW (MW) project. The power situation in the country is dire with blackouts of up to 18 hours a day common in the dry season, even in the capital Kathmandu.
CLSA Capital Partners’ Clean Resources Asia Growth Fund (CRAG) has invested USD10 million investment into Scinor Water, a Chinese company that produces membranes used in waste water treatment.
Hong Kong investment company China Gogreen Assets says it will invest 720 million yuan (USD115 million) to develop rooftop solar power projects in the Xuchang city in China’s Henan province, according to Bloomberg.
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.
World leaders attending the World Economic Forum in Davos this week were given the stark news that USD700 billion annual spend on green investments is required to save the planet from the harsh realities of climate change.
The figure – which amounts to USD14 trillion between now and 2030 – will be needed to meet global energy demand and avert the economic challenges that will be created by untracked climate change.
Burma's nascent but promising energy industry seems to be drawing a lot of attention from around the region these days, the latest being an announcement that South Korea's conglomerate Daewoo is looking to increase investment in offshore oil and gas exploration.
The Asian Development Bank (ADB) will spend US275 million to help China bus operators to shift their fleets to cleaner fuel in a bid to lower emissions in major cities.
South Korea's state-run power company Korea Electric Power Corp. (KEPCO) has clinched a USD187 million agreement to build a 90-MW wind power plant in Jordan's Fujeij.
Showa Shell, the Japanese refining unit of Royal Dutch Shell and the Development Bank of Japan (DBJ), have agreed to set up a venture to finance utility-scale solar power plants in Japan.
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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