Renewable Energy

Terra Firma, one of Europe's leading private equity investment firms, will partner with China Development Bank (CDB) to set up a fund to invest in global renewable energy projects.

For all the troubles of India's energy sector, a new report from Ernst & Young (E&Y) ranks it as the fourth most attractive country in terms or renewable energy potential. Running behind China, the US and Germany, the report says that power generation from renewable sources on the rise in India. Renewable energy's share of the country’s total energy mix increased from 7.8 percent in 2008 to 12.1 per cent this year.

Hilton Worldwide has launched a carbon offset program across Southeast Asia which will measure carbon generated at all events at 11 of its properties in Malaysia, Singapore and Thailand at no additional cost to customers.

The South-East Asia and Pacific region is blessed with abundant sources of 'green' energy — including sun, wind, water, biomass and geothermal — but governments are still not doing enough to harness them. The 30 countries in this part of the world are sitting just a few degrees below and above the equator, and enjoy an estimated 300 days of sunshine a year. Advances in photovoltaic (PV) technology mean that solar energy can be harnessed even on cloudy days during the rainy season.

China yesterday further escalated trade tensions with the US with the filing of a World Trade Organization (WTO) complaint over countervailing and anti-dumping measures imposed on imports of its wind towers and a host of other products, according to news agencies.