DOE seeks more investments in biomass ventures

Posted on July 18, 2018. Asian News.

Source: https://business.mb.com.ph The Department of Energy (DOE) has been intensifying efforts on enticing investors into injecting capital flow for biomass ventures in the country. Renewed call on biomass investments had been channeled through a recent conference involving the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asian Growth Area (BIMP-EAGA) bloc. Biomass is among the renewable energy (RE) investments that… Read more »

Apple is spending millions to clean up China’s environment

Posted on July 18, 2018. Asian News.

Source: https://money.cnn.com Apple is charging up its renewable energy credentials in China. The iPhone maker said Thursday that it was launching a $300 million fund that will identify and invest in clean energy projects in the world’s second biggest economy. Apple (AAPL) is partnering with 10 of its global suppliers for the fund, whose investments aim to generate enough… Read more »

Korean firm considering solar-wind power project

Posted on July 13, 2018. Asian News.

Source: http://www.catanduanestribune.com Five officials from a South Korean conglomerate visited the province last week, their second this year after an exploratory one last January, to gather data needed for a feasibility study on the establishment of a solar and wind renewable energy project. Upon their arrival on June 20, 2018, the delegation from GS Engineering &… Read more »

Asia’s first offshore wind farm project achieves financial close

Posted on July 13, 2018. Asian News.

Source: https://esg.theasset.com Offshore wind power in Taiwan is emerging as a key success story in the growth of renewables in Asia THE first offshore wind farm in Asia gets going with the successful closing of the financing for the 128MW Formosa 1 offshore wind project in Taiwan. The project, which has a NT$18.70 billion (US$613 million)… Read more »

Geothermal giant Star Energy eyes wider renewable opportunities

Posted on July 10, 2018. Asian News.

Source: https://renewablesnow.com Freshly acquired geothermal company Star Energy Group Holdings Pte Ltd intends to mix its planned expansion of existing assets with the purchase of renewables both at home in Indonesia and abroad, a company official says. Just last month, Indonesia-based diversified group PT Barito Pacific Tbk concluded the acquisition of a 66.67% interest in Star Energy… Read more »

Philippines introduce new green bond worth $90m

Posted on July 10, 2018. Asian News.

Source: https://www.power-technology.com A new peso-denominated green bond has been introduced in the Philippines, issued by the International Finance Corporation (IFC) and intended to strengthen and boost the region’s renewable energy and climate finance sectors. The bond, dubbed ‘Mabuhay bond’ after the Filipino greeting, is the first of its kind for the organisation, which is itself the… Read more »

Hydropower dams affecting agricultural production in Mekong Delta

Posted on July 04, 2018. Asian News.

Source: https://www.vietnamcolors.net VietNamNet Bridge – Two new hydropower projects, including Lao Pak Beng and Cambodian Sambor, on the upper course of the Mekong River have increased the risks for Vietnam’s Mekong Delta region. Phan Van Hoa, a National Assembly Deputy representing Dong Thap province, said the Mekong Delta has suffered from the building of more hydropower… Read more »

Sembcorp to acquire 40MW rooftop solar project in Singapore

Posted on July 04, 2018. Asian News.

Source: https://www.pv-tech.org Sembcorp Solar Singapore, a wholly-owned subsidiary of Sembcorp Industries, has signed off on a deal to acquire a 40MW grid-tied rooftop solar power project that is currently under construction in Singapore. As part of this acquisition, Sembcorp has acquired 100% of the equity interest in the project development company, MSOA Pte Ltd. Sembcorp’s total… Read more »

AC Energy eyes investments in RE projects in Vietnam

Posted on July 02, 2018. Asian News.

Source: http://powerlinks.news AC Energy is eyeing more investment opportunities in Vietnam, particularly wind-power projects. AC Energy will be partnering with B&T of Vietnam to pursue wind-power projects with a capacity of 352 megawatts (MW) in Quang Binh province with a total investment of $493 million (P26.336 billion). Initially, both are eyeing to develop 252 MW of… Read more »

Pinnacle announces new off-take contracts in South Korea, Japan

Posted on July 02, 2018. Asian News.

Source: http://biomassmagazine.com On June 27, Canadian pellet producer Pinnacle Renewable Holdings Inc. announced that it has entered into two new long-term, take-or-pay off-take contracts with customers in South Korea and Japan. The contract in South Korea is with CGN Daesan Power Co. Ltd., a subsidiary of CGN New Energy Holdings Co. Ltd. Under the contract Pinnacle… Read more »