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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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Plastic recycling in Korea – Improving efficiency through technology solutions

Korea uses a lot of plastic—around 5 million tonnes per year. With Korea’s small size and dense population the disposal of this plastic creates huge logistical issues; there is no space to sweep things under the rug. Yet Korea’s recycling system has gained widespread attention, being featured on the BBC and praised by news sources around the world. The rapid development of Korea’s recycling system in such a short space of time is certainly remarkable. However, technology...

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New joint venture to help climate-related transactions in Asia

A new joint venture established by the Asian Development Bank, Robeco, and ORIX Corporation will help private equity investments in various environmental and low-carbon transactions in Asia. The A.D.B., along with Netherlands-based global asset manager Robeco and Japanese financial services group ORIX, have formed Asia Climate Partners – a joint venture which will be capitalized initially by $400 million from its founding partners. A.C.P., which will be based in...

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Solar power plants in the Philippines get funds from Armstrong Asset Management

Singapore-based independent asset manager Armstrong Asset Management will be providing $29 million for the development of solar power plants in the Philippines. A.A.M. will be teaming up with nv vogt to fund the construction of a pipeline of bilateral solar power projects in the Philippines. The first project will be a 6.25 megawatt ground-mounted and grid-connected solar power plant in the province of South Cotabato in the Southern region of Mindanao. Cons...

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CBDE to see 64 MW solar power project rise in Thailand

Clean energy company CBD Energy Limited will be constructing a 64 megawatt solar project in Thailand. CBDE has come to an agreement with Environmental Engineering Group Thailand to construct the solar park which will cost approximately $112,000,000. The project will take approximately 10 months to install at which point the power produced will go to the Thai Provincial Electricity Authority under the terms of a 25 year power purchase agreement. The project will...

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