Finance

July 26, 2011
Anil Ambani firm Reliance Power is likely to get a loan of USD625 million (Rs 2,800 crore) from US Exim Bank to fund its upcoming 2,400-MW gas-based power project in Samalkot, Andhra Pradesh.
July 26, 2011
Philippine President Benigno Aquino said on Monday that 140 companies are interested in the government's energy contracting round, in which 15 oil and gas exploration contracts are to be offered to investors.
July 26, 2011
Wind energy is expected to play an important part in the Vietnam government's plan to increase the share of renewable energy from 2.5 percent in 2008 to 5 percent in 2020.
Karin Finkelston, Asia vice president, International Finance Corporation
July 24, 2011
World Bank subsidiary, the International Finance Corporation (IFC), announced on Thursday that it had made record investments results in the Asian-Pacific region during fiscal year 2011, with investment commitments in 120 projects totaling USD3.9 billion dollars for the region.
July 23, 2011
India-based wind turbine manufacturer Suzlon has been contracted by Orient Green Power (OGP), also based in India, to supply units for more than 100MW of wind power projects. The order is valued at Rs650 crore (USD146m) and comprises 48 turbines.
July 22, 2011
US-based photovoltaics manufacturer Sopogy and Thai conglomerate MAI Development Co. Ltd, have signed a Memorandum of Understanding (MOU) for the construction of a 6MW solar plant in Bau Yai, south-east Thailand.
July 22, 2011
Private investors from Taiwan have agreed to invest USD2 billion in eastern Indonesia to help the country boost production of fish, shrimp, seaweed and other marine life, a government minister told the Jakarta Globe.
US finance for India's solar development
July 21, 2011
As a high-level diplomatic talks took place between India's minister of external affairs, SM Krishna, and US secretary of state, Hillary Clinton, a number of announcements at peripheral meetings saw the dollar total of clean energy investments, loans and grants rack up.
July 21, 2011
Private equity firm Hudson Clean Energy Partners on Tuesday said it is expanding into China as it seeks to capitalize on that nation's growing appetite for green technology.
July 20, 2011
Taiwan's Ministry of Economic Affairs has unveiled renewable energy plan which includes boosting its wind power capacity from 530MW to 4,200MW by 2030.
The CDM largely benefits China
July 20, 2011
Despite the Kyoto Protocol lapsing at the end of next year - unless something is done about it - a meeting of the Clean Development Mechanism Executive Board in Marrakesh, Morocco last week approved two important guidelines that should allow low-greenhouse-gas emitting countries and underrepresented countries to benefit more from the mechanism.
July 20, 2011
An Australian investment firm that has invested in forestry carbon credit projects in the Asian and Pacific Island regions appointed administrators yesterday as the clean-energy industry continues to come under pressure, reports website SmartCompany yesterday.
Xie Zenhua, vice chairman of China's National Development and Reform Commission
July 19, 2011
China has firm plans to start a pilot carbon emissions trading project, and gradually set up a carbon emissions trading market, said a top climate change official at a major international conference.
July 18, 2011
Legal and management problems should be solved before ecological compensation for oil spills that occurred in June in the Bohai Bay affecting an area of over 4,000 square km are realized, some experts pointed out.
July 14, 2011
Softbank Corp will build an experimental plant with solar panels of different manufacturers in Obihiro, on the northern island of Hokkaido, to gather data for use in developing what it calls ''mega solar'' power plants in collaboration with local governments, the company's president Masayoshi Son said Wednesday.
July 14, 2011
Bosch has announced plans for a new solar energy manufacturing site in Penang, Malaysia. With an investment of some 520 million euros (USD736 million), the construction project would be one of the biggest in the company's history.
July 14, 2011
Chinese solar wafer producer ReneSola Ltd, which earlier this week announced expected cuts in quarterly revenue and gross profit margin due to European markets slashing of solar subsidies, today announced it has begun shipping high-efficiency wafers and modules to a number of its top customers in Europe.
July 14, 2011
Indonesia needs IDR134.6 trillion (USD15.7 billion) in investment to develop renewable energy resources for the next 15 years.
Vietnam's planned Mong Duong 2 power plant
July 14, 2011
The investors of the Hai Duong and Mong Duong 2 plants, both "independent foreign power producers", have now completed administrative procedures which green-light their projects' construction, according to Vietnam Business News.
South Pole Carbon's Indonesia small hydro project
July 13, 2011
South Pole Carbon Asset Management Ltd, one of the world's leading carbon offsetting companies, has announced in a press statement the first-ever issuance of carbon credits in Southeast Asia developed under the Social Carbon standard.