Basic Energy to issue shares to Thai partner

Posted on July 04, 2017. Asian News.

Author: Victor V. Saulon Source: BASIC ENERGY Corp. has approved the issuance of shares to a Thai company after the two forged in February what they called a “strategic partnership” in renewable energy projects in the country and overseas. In a disclosure to the stock exchange on Monday, Basic Energy said its stockholders had… Read more »

VN to co-operate with Saudi Arabia in renewable energy projects

Posted on July 04, 2017. Asian News.

Source: Việt Nam’s FECON Corporation and Saudi Arabi’s Acwa Power on Monday signed a Memorandum of Understanding (MOU) for co-operation on joint development of renewable energy projects in Việt Nam. According to the MOU, FECON and ACWA Power will study and evaluate the opportunities and potential of renewable energy investment in Việt Nam, particularly… Read more »

Sabah looks to wind and solar energy to reduce carbon footprint

Posted on July 03, 2017. Asian News.

Source: Sabah’s renewable energy potential will be fully utilised to lessen its dependence on fossil fuels. Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili said the Federal Government sought to exploit solar and wind energy to reduce fuel subsidies for diesel-fired power generation by Sabah Electricity Sdn Bhd. Currently, between RM450mil… Read more »

Megabanks compete for top role as backers of clean energy

Posted on July 03, 2017. Asian News.

Source: Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. are in a neck-and-neck race to be the biggest lead arrangers of lending to the renewable energy industry in the first half of the year, highlighting the more active financing role for Japanese banks in clean energy. Tokyo-based MUFG has the edge over… Read more »

GE unit launches Japanese solar fund targeting USD 800m

Posted on June 30, 2017. Asian News.

Author: Ivan Shumkov Source: GE Energy Financial Services (GE EFS) announced today it has successfully launched a solar energy fund of JPY 46.3 billion (USD 412m/EUR 361m) to invest in operating plants in Japan. GE EFS, which is part of US conglomerate General Electric (NYSE:GE), raised the fund with additional backing by a group… Read more »

Veco’s power supply model shows PH can go green

Posted on June 30, 2017. Asian News.

Author: Victor Anthony V. Silva Source: WITH 50 percent of its power supply coming from renewable energy sources, Cebu-based Visayan Electric Company (Veco) is a testament that it is possible for the Philippines to go green. Anton Perdices, Veco chief operating officer, said that 89 percent of this comes from geothermal sources in Negros… Read more »

Citicore Power seeking DOE okay for 1,000-MW goal for RE projects

Posted on June 29, 2017. Asian News.

Author: Lenie Lectura Source: CITICORE Power Inc. (CPI) is actively pursuing hydropower investments to meet its 1,000 megawatt (MW) capacity target of renewable energy (RE). The company, currently an active member of the PhilHydro Association Inc., said on Wednesday it has applied for several hydropower projects with the Department of Energy (DOE). CPI will also have its maiden… Read more »

KEPCO starts trial ops at 28-MW solar park in Japan

Posted on June 28, 2017. Asian News.

Author: Veselina Petrova Source: Korea Electric Power Corp (KRX:015760), or KEPCO, has put on stream a 28-MW solar park near the New International Airport of Chitose on Japan’s Hokkaido island. The Korean utility has launched initial pressurization and trial operation of the facility and expects to begin commercial operations after a 20-day trial, on… Read more »

Neo Solar Power completes 200MWp high-efficiency PV module factory

Posted on June 28, 2017. Asian News.

Author: Nuying Huang, Taipei; Adam Hwang Source: Crystalline silicon solar cell maker Neo Solar Power on June 26 held an inauguration ceremony for a high-efficiency PV module factory with annual production capacity of 200MWp in Hsinchu Science Park, northern Taiwan, according to the company. The factory has started trial production in small volumes and… Read more »