clean energy products and technologies, said it has signed a contract to supply polysilicon to Solarfun Power Hong Kong Limited over a eight-year period starting mid 2009. The buyer is a subsidiary of Nasdaq-listed Solarfun Power Holdings Co Ltd, an established manufacturer of photovoltaic (PV) cells and modules in China. Valued at around $306 million,...
foothold in India’s power market through KSK Power Venture Plc, a leading power project developer in India. GE has acquired approximately 26% of the equity in Sayi Power Energy Limited, KSK’s majority owner. “This transaction reinforces GE Energy Financial Services’ growth in India’s power market,” said Raghuveer Kurada, managing director of GE Energy Financial Services’...
farms at six locations, said Minister of New and Renewable Sources Vilas Muttemwar. In reply to a question in Parliament, he said the six locations were identified after the ministry had carried out wind resource assessment studies at 38 locations in the state. They have wind power density of 200 watts per square meter or...
address climate change, forest protection and accelerate the use of civilian nuclear energy. Under the East Asia Summit pact, the nations have agreed to support the UN’s climate change initiatives, now the subject of a conference in Bali, Indonesia. The East Asia Summit includes the 10-nation ASEAN bloc plus Australia, China, India, Japan, New Zealand...
future feedstock for biofuels, researchers at Australia’s state research agency CSIRO said. The agency wants greater research focus to be put on the ligno-cellulose part of plants as well as weeds or bushes – that is, biomass not suitable for food use. Another biodiesel feedstock is algae but CSIRO said it might take years before...
construction of the Song Tranh 2 hydro power project in central Vietnam. The banks include Incombank, BIDV, Vietcombank, Agribank and ABBank. The 190 megawatt (MW) Song Tranh 2 hydro power project will stretch across Tra Doc and Tra Tan regions in Quang Nam province. It is expected to produce nearly 680 KWh when it starts...
to launch a trial of 13 biodiesel-powered cars in Singapore. Project leader Robert Bosch (SEA) Pte Ltd and partners, Economic Development Board, National Environment Agency, Daimler (SEA) Pte Ltd, DieselTech Pte Ltd, Kuok Oils & Grains, member of Wilmar International Group, Nexsol (Singapore) Pte Ltd, Shell Eastern Petroleum (Pte) Ltd and the Volkswagen Group Singapore...
(EnergyAsia, December 6, Thursday) — Khosla Ventures and Dutch renewable energy company, BIOeCon, said they have formed a joint venture firm, KiorKiOR, to commercialize BIOeCon’s process for converting agricultural waste directly into biocrude, a mixture of small hydrocarbon molecules that can be processed into fuels such as gasoline or diesel in existing oil refineries. The...
(EnergyAsia, December 6, Thursday) — The Oxford Princeton Programme will conduct a course on international oil trading in Beijing, China next January 23 to 25. TR2 International Oil Trading – Advanced Techniques and Strategic Price Risk Management will offer delegates a chance to learn about freight costs, crude oil and product pricing, futures and forward...
Public Company Limited (PTTEP) said it agreed to purchase a 20% stake in an Australian offshore oil block from Finder Exploration Pty Ltd. The AC/P36 block covers an area of 4,000 sq.km. in the Browse Basin. It is located offshore in the northwestern part of Australia. With this purchase, PTTEP now has 38 exploration and...
(EnergyAsia, December 5, Wednesday) — Indonesia’s liquefied natural gas (LNG) exports are set to decline next year on the back of lower production and higher domestic use of natural gas. Analysts said production could slide by as much as four percent, with the number of cargoes falling to 358 from 372 this year. Each cargo...
(EnergyAsia, December 5, Wednesday) — Local energy firms Gas Supply Pte Ltd (GSPL) and SembCorp as well as foreign players are competing for the role of liquefied natural gas (LNG) buyer in Singapore. Analysts expect bidders to act in a consortium with big South Korean or Japanese gas importers such as Toyo Gas, or established...
(EnergyAsia, December 5, Wednesday) — East Asian economies are likely to remain robust in 2008 despite growing concerns about the US sub-prime crisis and increasing global oil prices, said the World Bank’s East Asia & Pacific Update. Titled “Will Resilience Overcome Risk?” the report said that for the first time, the number of poor...
(EnergyAsia, December 5, Wednesday) — The developers of Australia’s A$19 billion North West Shelf project have called off efforts to boost natural gas production by up to 20% for now. (US$1=A$1.2). The project, conceived last year to boost supply to domestic users, did not meet with design expectations and had to be cancelled by the...
(EnergyAsia, December 5, Wednesday) — India’s Power Minister said the country has developed 20% of its known hydropower capacity of 148,700 MW over the last 20 years. In a statement to Parliament, Power Minister Sushilkumar Shinde said the Central Electricity Authority (CEA) is overseeing the development of 13,446 MW of hydropower capacity. The government announced...
(EnergyAsia, December 5, Wednesday) — Under siege for its human rights abuses, Myanmar has taken the unusual step of publicising its vast holding of oil and gas reserves through its official Yangon Times. Amid growing international competition for energy, the country’s repressive military junta is hinting to other countries that they should tone down their...
(EnergyAsia, December 5, Wednesday) — Thai state-owned PTT Exploration and Production Public Company Limited (PTTEP) said its new Arthit Central Processing Platform will usher in a new era in production at its main Arthit gas fields in the Gulf of Thailand. The platform was built at the McDermott yard on Indonesia’s Batam island. At a...
(EnergyAsia, December 5, Wednesday) — EOC Limited, a leading Asian specialist operator of offshore construction and production vessels, has secured a US$148 million joint transport and installation contract with a Malaysian offshore oil and gas firm Carigali-PTTEPI Operating Co Sdn Bhd (CPOC). Oslo BØrs-listed EOC, through Singapore’s EMAS Offshore Construction & Production Pte Ltd, will...
(EnergyAsia, December 5, Wednesday) — France’s Total said it has sold off a 10% interest in the Joslyn project in Canada to the subsidiary of Japanese oil company Inpex Corporation. Located 60 km northwest of Fort McMurray in the Athabasca region of Alberta province, the Joslyn oil sands project is operated by Total. The project’s...
(EnergyAsia, December 5, Wednesday) — Nordic corporate investment bank Glitnir said it and India’s LNJ Bhilwara Group have signed a Memorandum of Understanding (MoU) to collaborate in developing geothermal power plants in India and Nepal. The MoU was signed during the recent visit of Iceland’s Finance Minister to India. Ini Mathiesen was leading a business...
(EnergyAsia, December 4, Tuesday) — Spire Corporation, a Nasdaq-listed solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic modules worldwide, is participating in the Photovoltaic Science and Engineering Conference (PVSEC-17) in Fukuoka, Japan from December 3 to 6. Spire will share the exhibit space with its Japanese partner, Nisshinbo Industries. Spire’s chairman...
jointly invested in technology start-up Smart Storage Pty Ltd to develop and commercialise battery-based storage solutions. The new firm is aiming to develop the first hybrid battery suitable for storing electricity from renewable energy sources such as solar and wind. John Wright, director of the CSIRO Energy Transformed National Research Flagship, said the Smart Storage...
million contract with Yingli Green Energy, a vertically integrated photovoltaic (PV) product manufacturer in China, for the supply of silicon ingot furnaces – the DSS450. GT Solar said this is Yingli’s fourth and largest order of its DSS furnaces that grow multi-crystalline ingots up to 450kg, and is expected to bring Yingli’s installed furnace capacity...
integrated photovoltaic (PV) product manufacturer in China, said it has signed three contracts to purchase polysilicon from a leading manufacturer. Yingli will purchase an unspecified volume of polysilicon that will allow it to produce over 40 MW of PV modules over the life of the contracts. The delivery schedule is still under discussion, but is...
Broeders said it is looking at increasing investments in China and Singapore. To date, the company has invested more than 500 million euro in its six terminals in China. (US$1=0.68 euro). It recently completed a 100% owned chemical terminal in Zhangzijagang port in Jiangsu province. “We completed it on schedule within budget and without any...