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Sun03012015

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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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Indonesian school powered by stand-alone P.V. power package from Panasonic

An elementary school in Karimunjawa Island, Indonesia is getting its power from a new stand-alone photovoltaic power package developed by the Panasonic Corporation. Panasonic installed the “Power Supply Container” at the National Elementary School Karimunjawa 01 in Karimunjawa Island, Jepara District, Central Jawa Provice, Indonesia. Karimunjawa is an area where diesel generators are the only means to get electricity at night. During the daytime, the generators are stop...

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$50 million A.D.B. loan to develop Indonesia’s geothermal potential

The Asian Development Bank will provide Indonesia a loan of up to $50 million to support its geothermal exploration. The loan, supported by the Clean Technology Fund, is to share risks with the private sector during the project development and exploration phase of the RantauDedap geothermal project that will be located in South Sumatra. “This innovative loan demonstrates the depth of A.D.B. support for deploying clean energy technologies that can significantly dis...

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The Bioplastics industry in Korea – Where to next?

The global bioplastics market is booming – total production capacity is set to grow 400% by 2017, and the European Commission has designatedbioplastics as a lead market. The Korean bio-industry is also growing, with production valued at 7.12 trillion won (around US$6.9 billion) in 2012, and the Ministry of Trade, Industry and Energy announcing in April 2014 that around 215 billion won (over US$200 million) will be invested into the bio-chemicals industry over the...

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Ascent Solar announces milestone agreement for their J.V. in China

Thin-film solar module manufacturer Ascent Solar Technologies, Inc. has announced the achievement of a significant milestone for their joint venture in Jiangsu Province, China. In December of 2013, Ascent signed a definitive agreement with the government of the Municipal City of Suqian to develop solar projects in the area. Under the agreement, Suqian will build a facility to manufacture Ascent’s proprietary cooper...

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Nepal gets first wind-solar hybrid system

The Asian Development Bank has handed over the country’s very first wind-solar hybrid energy system pilot project to Nepal. A.D.B. handed over the wind-solar hybrid system – which was installed inDhaubadi village, in the district of Nawalparasi, back in December 2011 –to the Alternative Energy Promotion Centre of Nepal’s Ministry of Environment. “The project is now providing electricity services to 46 rural...

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A.D.B. approves $400 million loan to help resolve Pakistan’s energy crisis

The Asian Development Bank has approved a $400 million loan that will support the Pakistan government’s efforts to address its energy crisis through reliable and sustainable energy. “The loan is part of an assistance program which will underwrite reforms needed to make the energy sector affordable, reliable, sustainable and secure,” said A.D.B.’s Central and West Asia Department Director-General...

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RusHydro to design one of the largest hydroelectric plants in Asia

Russian hydroelectricity company RusHydro will be participating in the design of a 3.8 gigawatt hydroelectric project in India – the largest in the country and one of the largest in Asia. RusHydro has signed a contract with NEEPCO (India) to design the second phase of the Upper Siang hydropower project. The second phase will add 3,750 megawatts to the Upper Siang project which, when completed, will...

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