Tag Archives: feature
South East Asia Clean Energy Fund could reach $1.2 bln
Armstrong Asset Management, an independent clean energy asset manager, said its South East Asia Clean Energy Fund could top $1.2 billion, PV-Tech reports quoting Bloomberg News. Wind power in China / Wikipedia In November, Armstrong reported...
Actis raises $1.15 bln for Latino, Asian energy fund
Investment firm Actis said it has raised $1.15 billion for its third energy fund in emerging markets. The third energy fund, called Actis Energy 3, will invest in power generation and distribution businesses in Latin America, Africa and Asia,...
$2.3 Trillion Investment For India’s Energy Sector
Wind Project in India / Flickr India’s energy sector will need $2.3 trillion in investments by 2035, according to Asian Development Bank’s (ADB) Energy Outlook for Asia and the Pacific report. The report said that energy pricing is a...
India unveils policy for shale oil and gas exploration
India has approved a policy to allow state-owned companies to start exploration for shale oil and gas, reports Reuters. India is the world’s fourth-biggest energy consumer. The country intends to move slowly to seek alternatives to expensive...
Rosneft unit acquires 40% stake in Arctic Russia for $1.8B
Rosneft on Sept. 24 said its NGK Itera subsidiary has entered an agreement to acquire a 40% stake in Arctic Russia B.V. from Enel. Following the acquisition, Rosneft will become an indirect owner of a 19.6% stake in SeverEnergia. SeverEnergia...
Report: China to reduce coal consumption
China will reduce its consumption of coal and gradually increase the use of natural gas during the next few years, according to the Airborne Pollution Prevention and Control Action Plan (2013-17), which was released by the State Council. Total...
Japan’s last nuclear reactor is down for maintenance
Kansai Electric Power Co. halted the number 4 reactor at its Ohi plant at 11 p.m. on Sept. 15 for maintenance. Ohi’s number 3 reactor was idled earlier this month. According to Bloomberg News, Japan’s last operating nuclear reactor was halted...
China to become world’s 3rd largest gas producer in 2035
China is likely to become the world’s third-largest natural gas producer in 2035, China’s Xinhua news agency reported, citing secretary general of the International Gas Union (IGU) Torstein Indreb, who was speaking at the 2013 China...
ReneSola closes $70M securities offering
Jiashan, China – ReneSola Ltd. on Sept. 17 said has closed its $70 million securities offering. The company intends to use net proceeds for polysilicon production optimization and as working capital for general corporate purposes. “With...
Trans-Asia Oil to build 54-MW wind farm in Philippines
Trans-Asia Oil and Energy Development Corp. will build a 54-megawatt (MW) wind power plant in San Lorenzo, Guimaras in Philippines, reports Business Mirror. The company will use proceeds of its stock rights offering last year to finance its...
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