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Sat12202014

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Philippine media company launches massive Green Initiative

Philippine media conglomerate ABS-CBN in partnership with government agencies and the academe has launched a massive campaign, which aims to protect the country’s biodiversity while alleviating poverty. The Green Initiative, a collaboration between ABS-CBN Foundation’s Bantay Kalikasan, the departments of environment and natural resources, agriculture, and tourism and Ateneo De Manila University, seeks to...

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Goldman Sachs to invest in Japan’s renewables

Goldman Sachs Group Inc. aims to invest as much as 50 billion yen ($487 million) in Japan’s emergent renewable energy sector. Over the next five years, the American multinational banking firm plans to develop a series of renewable energy projects in the Asian country, tapping demand for electricity generated from solar and wind power plants, reported Bloomberg. “We believe that we can leverage our global...

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First clean energy fund for Southeast Asia gets investment director

Singapore-based fund management firm, Armstrong Asset Management has appointed an investment director for the $150 million Armstrong South East Asia Clean Energy Fund – the first clean energy fund devoted solely to Southeast Asia. Yasushi Ujioka, who has 17 years of experience as an engineer and investment professional in the water, power generation and energy efficiency sectors across Europe and Asia, will...

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China leads global action against climate change - report

China is leading the global fight against climate change, found a new report by the Australian government’s Climate Commission. While China remains to be the world’s largest emitting nation, the report noted that it is taking significant strides to reduce its emissions growth. Last year, the country was able to decrease the carbon intensity of its economy more than expected and almost halved its growth in...

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Indonesia to plug in 36 solar energy projects in 2013

Indonesia intends to put up 36 solar power plants in 2013, particularly in remote and border areas. According to The Jakarta Globe Report, Alihudin Sitompul, the director of renewable energy and energy conservation at the Ministry of Energy and Mineral Resources, announced the government’s plan to increase the number of solar power facilities to 153 this year, from last year’s 117. To date, Mr. Alihudin said the...

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India seeks to double its renewable energy capacity by 2017

India seeks to double its renewable energy capacity to 55,000 megawatts by 2017 as part of its efforts to increase energy efficiency and reduce greenhouse gas emissions, according to Prime Minister Manmohan Singh. Speaking during the inauguration of the fourth Clean Energy Ministerial in New Delhi last Wednesday, Prime Minister Singh said the country’s 12th Five Year Plan recognizes the importance of developing a low...

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Japan to install world’s largest storage battery for renewable energy

Dramatic renewable energy development is taking place in Japan that its power grids can no longer handle the influx of clean electricity. As a result, the country will install the world’s largest battery at an electrical substation in Hokkaido where there is a high concentration of solar projects. According to Kyodo News Service, Japan’s Ministry of Economy, Trade and Industry announced the battery will have...

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Lijian City to see 300 MW of solar in two years

Lijian City in Yunnan province, China will see a total of 300 megawatts of solar energy projects by end of 2015. City officials, including Mayor He Lianghui and Vice Mayor Zhang Jingquan, have signed a cooperation agreement with solar company Clenergy and CGN Solar Energy for the development of solar power projects in their area. The two companies will team up to invest 3.9 billion yuan ($625 million) to develop...

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Japan eyes 21 geothermal power plants

Japan is planning to build at least 21 geothermal plants as part of its continuous search for alternative power sources in the wake of the Fukushima nuclear catastrophe two years ago, according to the Ministry of Economy, Trade and Industry. According to a Bloomberg report, Shinichiro Fukushima, an official in charge of geothermal energy at the ministry, said incentives for clean energy, including above-...

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Zhongding Power, EcoMotors to produce clean engines in China

Zhongding Power, one of the largest automotive component conglomerates in China, has signed a strategic agreement with technology start-up EcoMotors to fund the construction of a clean combustion engine plant in Anhui Province. The plant will represent an investment by Zhongding of over $200 million and will have a capacity of about 150,000 engines per year. Production is expected to begin in...

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