According to a press release issued last week by the European Environmental Paper Network (EEPN) global financial institutions are being warned to avoid investments in pulp and paper mills associated with deforestation and human rights abuses in Indonesia.
India's regulatory authorities seem to be clamping down on non-compliance of renewable-energy quotas. According to Bloomberg, Reliance Industries and Tata Steel are among 50 companies who’ve been sent compliance letters by the Indian government.
South Korea’s Renetec Co is looking for over USD300 million investment in its planned 200-MW tidal power project. While the company claims it will be the world's biggest, Bloomberg reports 16 other tidal projects around the world are also vying for the title.
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.
Welspun Energy is investing USD183 million into a 100-MW photovoltaic (PV) project in the central Indian state of Chattisgarh. However the project will not begin until 2015 due to the state now having to get approvals, land and clearances from federal and local authorities, including the environmental department.
The World Bank’s Board have approved a USD200 million loan to provide safe clean water to 1.7 million people and improved sanitation for 650,000 people in Vietnam’s Red River Delta.
A glut of renewable-energy credits in India surged to a record in October as state electricity utilities failed to comply with clean-energy targets, Bloomberg reported Thursday.
The Greater China Infrastructure Fund has bought interests in a waste-to-power to company and a water supply company, according to Yin Lian Chen, chief investment officer of the Hong Kong-listed investment company.
The once-wonder company of India, wind turbine maker Suzlon, has proposed a restructuring of its USD2 billion bond debt. Bogged down with debt from a shopping spree of foreign companies, a weak rupee and slashed revenue margins, the company has asked for eye-watering terms.
A private equity company says it is looking at green investment in the Asia's shipping industry.
Speaking at a recent Eco-Dollars Business Breakfast organized by Asia Shipping Media in Singapore, Vigor Capital director Jotdeep Singh said: “As an investor the first thing we look at is green, but of course we have to check it has to be financially viable. We look for ships that consume less fuel. Fuel is the main thing we look for. We are going to focus on the energy use of ships to begin with.”
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.
Japanese Internet and mobile telecommunications giant, Softbank Corp has announced that it will launch a feasibility study on wind power generation in Mongolia’s Gobi Desert together with Mongolian investment firm, the Newcom Group.
Vietnam’s WorldTech Transfer Investment has proposed to collaborate with United Arab Emirates’s Global Sphere to build a USD310 million solar PV manufacturing plant in the country’s central province of Thua Thien-Hue
India's state electricity distribution companies have failed to meet renewable energy purchase obligations for 2011-2012. Coming so soon after India's blackout of 600 million people, mainly caused by by state utilities pulling more power from the national grid than allowed, there are increasing calls on the Central Electricity Regulation Commission (CERC) to enforce penalties.
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.
Following Beijing's repeated pledges to reduce greenhouse gas emissions, local governments have been quickening their steps to accelerate the development of new energy sectors, including wind and solar power.
China on Monday launched a new fund to protect its far-western Sanjiangyuan nature reserve in Tibet, the source of the country's major rivers, according to the China Daily.
A USD150 million hydropower deal has been signed in Vietnam. A joint venture between South Korea’s Samsung C&T Corporation and Vietnamese firm Construction Company 47 is to build and equip the Trung Son Hydropower Plant, in the first contract signed for the project.
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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