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Indonesia to make green cars tax-free

Indonesia is set to make green cars “tax free,” in a move to boost widespread adoption and deployment of these vehicles across the country. According to a Jakarta Post report, the Finance Ministry is about to issue tax incentives for green cars manufacturers with the unanimous support of the House of Representatives. “There’s no reason to reject this idea,” said Emir Moeis, chairman of House Commission XI overseeing finance,...

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R&D center for carbon capture technologies rises in South Korea

The Korea Advanced Institute of Science and Technology and Saudi Aramco are establishing a research center for the development of technologies to capture, store and utilize carbon dioxide. Said to be a first-of-its-kind partnership in Asia, Korea’s leading research institute and Saudi Arabia’s top oil company, signed a memorandum of understanding to build the CO2 Research Center near the school’s main...

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China to add 49 GW of renewable energy in 2013

An additional 49 gigawatts of renewables is going to be added to China’s energy mix this year as the country looks to raise its power production without increasing fossil fuel consumption. Specifically, the country will add 21 gigawatts of hydroelectric power, 18 gigawatts of wind power and 10 gigawatts of solar power, according to the National Energy Administration. These new targets were confirmed during a national energy work meeting held in Beijing on Tuesday...

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Yingli sees 2.2 GW in total module shipments for 2012

China’s Yingli Green Energy Holding Company Limited has announced that it is expecting module shipments for the full year 2012 to reach 2.2 gigawatts. The solar manufacturer initially released a full year shipment guidance of around 2.1 GW. However, preliminary data for the fourth quarter indicates that their module shipments for the final quarter of 2012 could reach a new historical high, pushing up their total...

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China to pay out $1.4 billion in subsidies for renewable energy

China will pay out 8.6 billion yuan ($1.4 billion) in subsidies for power generated from renewable energy sources in 2012, according to the Ministry of Finance.The funding, co-issued by the National Development and Reform Commission and the National Energy Board, will be allotted by provincial financial authorities to grid companies that buy renewable power from generators at above-market tariffs. Of the funds,...

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India’s first green township to rise in Bangalore

India is developing its first “green township” in Electronic City in Bangalore. Being developed by Patel Realty India Ltd., an infrastructure developer, Neotown, spread across 120 acres, features an integrated rainwater harvesting system, a sewage treatment plant, solid waste management, solar water heating, an in-house nursery and long-term tree planning. The green township will house three residential...

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JinkoSolar gets $1 billion in financing to expand European operations

The China Development Bank is going to be financing the activities of JinkoSolar Holding Co. to the tune of up to $1 billion for a five-year period. JinkoSolar, a manufacturer and distributor of solar photovoltaic products based in China, announced that its Swiss subsidiary JinkoSolar (Switzerland) AG has entered a strategic cooperation agreement with the Guangdong Branch of China Development Bank...

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Malaysia: On its way to clean technology

Malaysian Prime Minister Najib Razak recently highlighted the country’s accomplishments and activities in the low-carbon sector, saying they are on the way to developing clean technology. Mr. Najib, who is also the country’s finance minister, said billions of investments have been allocated for clean technology infrastructure. An example is the Iskandar Malaysia, a “smart metropolis” under way which is said to become Southeast Asia’s first green megacity that will be home to three million people...

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India releases draft of Phase II of solar mission

The draft document of Phase 2 of India’s ambitious solar plan has been released by the Ministry of New and Renewable Energy. India’s Jawaharlal Nehru National Solar Mission seeks to establish India as a global leader in solar energy by creating policy conditions to support the spread of solar power projects in the country. The goal is to add 20 gigawatts of grid connected and 2 GW of off-grid solar capacity by 2022...

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Huge financing gap must be closed to promote clean technology – A.D.B.

Huge investment is crucial to spur the development and deployment of clean technology said the Asian Development Bank at the United Nations Climate Change Conference. Around $600 billion to $1.5 trillion will be needed yearly to support the transition of developing countries into low-carbon and climate-resilient economies, with $40 billion per year required for adaptation alone in Asia and the Pacific region,...

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