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Wed04012015

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Alstom to build a geothermal plant in Indonesia

French multinational company Alstom will be building a geothermal plant in Indonesia, helping supply the country with clean energy and reducing its greenhouse gas emissions. The geothermal plant, which is a contract worth at around $69 million, was awarded to Alstom by PT Pertamina Geothermal Energy. Under the contract, Alstom will be supplying and installing...

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Suzlon plans to develop 3,000 MW of clean energy in Gujarat

Wind turbine manufacturer Suzlon Group has expressed intent to develop 3,000 megawatts worth of clean energy projects in Gujarat, India over the next five years. The intent was spurred by the challenge put forth by Shri Narendra Modi of establishing 2,000 MW of wind energy in Gujarat which has presently installed 1,800 MW, accounting for 20 percent of Suzlon’s total pan-India capacity of over 8,250 MW. According to Suzlon, the wind energy projects will attract investments with an aim to create sustainable economic...

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A.D.B. extends $100 million loan for India’s solar power projects

The Asian Development Bank is extending loans of up to $100 million to aid in private sector solar power projects in India. ACME Solar Energy Private Ltd has a pipeline of solar projects which is estimated to reach more than 350 megawatts of renewable energy. A.D.B. will support the development and commissioning of solar projects of up to 200 MW, 100 MW of which is already awarded under the Jawaharlal Nehru National Solar Missions phase 2. Others are yet to be identified. Projects awarded to date are located in the Jodhpur...

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tenKsolar expands manufacturing capacity in Thailand

tenKsolar is establishing new production lines in Thailand for their manufacture of their solar modules. tenKsolar, which is based in Minneapolis, designs, manufactures and markets commercial rooftop solar photovoltaic arrays. They currently have manufacturing facilities in both Minneapolis and Shanghai. "We're pleased to announce an expansion to our production capabilities, adding four assembly lines to our trusted contract manufacturing partner in Thailand,” said Joel Cannon, chief executive officer of tenKsolar. The new...

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Hanwha SolarOne to build 230MW solar module facility in South Korea

Hanwha SolarOne is set to build a new solar photovoltaic module factory in South Korea. The company will invest $12 million in the facility which will have an annual manufacturing capacity of 230 megawatts of solar modules. The facility is scheduled to begin production by the second quarter of 2015. Hanwha SolarOne will hire around 200 new employees to work in the facility, including research and development personnel. Hanwha SolarOne is building the facility to service local Korean demand for solar modules as well as to further...

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U.N.I.D.O. project to change Vietnam’s industrial refrigeration scene

The United Nations Industrial Development Organization has launched a project in Vietnam that will change the country’s use of refrigerant gas thereby reducing ozone depleting gases and its contribution to climate change. The project, titled “Reducing greenhouse gas and ozone-depleting substances emissions through technology transfer in industrial refrigeration,” was launched this October 21 in Hanoi. The objective of the project is to change Vietnam’s...

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Japan’s largest solar power plant gets $867 million loan

Japan’s largest solar power project, a 231-megawatt facility in Setouchi City, Okayama Prefecture, has received an $867 million-loan from the Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank and Sumitomo Mitsui Banking Corporation. Kuni Umi Asset Management, G.E. unit G.E. Energy Financial Services and Toyo Engineering Corporation are the main investors in the project via a special purpose company. G.E. Energy Financial Services holds a 60 percent...

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Japan to begin construction of world’s largest floating solar power plant

The world’s largest floating solar installation is set to begin construction this month in Japan. Kyocera Corporation, Century Tokyo Leasing Corporation and Ciel et Terre International are cooperating in the development of two utility-scale floating solar power plants totaling 2.9 megawatts. The two installations will be located at Nishihira Pond and Higashihira Pond in Kato City, Hyogo Prefecture. The plant planned at Nishihira Pond will have a generation capa...

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Nepal, the Maldives, and Bhutan could lose around 2 percent G.D.P. due to climate change – A.D.B. report

Nepal, the Maldives, and Bhutan could be looking at economic losses of around 2 percent of their annual gross domestic product by 2050 due to climate change, according to Asian Development Bank report. The recently released A.D.B. report, titled “Assessing the Costs of Climate Change and Adaptation in South Asia,” found that Nepal, the Maldives, and Bhutan could face economic losses due to climate change if mitigation and adaptation steps are not taken...

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South Asian countries face economic losses due to climate change – A.D.B. report

Various countries in the South Asian region are looking at significant losses due to climate change, according to a new report by the Asian Development Bank. According to the report, Assessing the Costs of Climate Change and Adaptation in South Asia, six countries – Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka – are projected to see an average economic loss of around 2 percent of their collective gross domestic product by 2050. The report...

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