(EnergyAsia, November 3, Tuesday) — Singapore is well-positioned to play a leading role in developing the carbon markets in Southeast Asia. The city-state has strong infrastructure for financial and energy trading, but needs a clear policy and regulatory framework for carbon trading, both domestically and regionally, according to an official of the Asian Development Bank....

(EnergyAsia, November 3, Wednesday) — Trans Asia Oil & Energy Development Corp, a Philippine company controlled by the del Rosario family, has abandoned plans to enter the biofuels business following disappointing results from a pilot project to grow jatropha.  The company, a member of the PHINMA group, had cultivated a four-hectare jatropha farm in Batangas...

(EnergyAsia, November 3, Tuesday) — The Philippines’ Department of Energy (DOE) said it has signed seven service contracts for renewable energy projects expected to have a total power generation capacity of 379 megawatts (MW). The contracts as well as corresponding certificates of registration cover five wind projects, a hydro-power project and a biomass power project....

(EnergyAsia, November 3, Tuesday) — The shipping associations of five maritime countries have declared their support for an emission trading scheme as the most effective way for the industry to reduce carbon emissions. In a special study, the industry associations of Australia, Belgium, Norway, Sweden and the UK argued specifically for a cap and trade...

(EnergyAsia, November 3, Tuesday) — At the upcoming US-China Green Tech Summit in Beijing, leading green technology CEOs, venture capitalists and academics will discuss how US-China project-to-project partnerships can reduce carbon dioxide, generate green jobs and ensure energy independence. At the summit on November 16-17, speakers and participants will tackle key issues, form lasting partnerships...

(EnergyAsia, November 2, Monday) — Friends of the Earth International has welcomed the announcement by the IFC, the World Bank’s private sector arm, that it will stop all palm oil investments. Torry Kuswardono of Friends of the Earth Indonesia, said: “Investments in large-scale oil palm plantations lead to deforestation and human rights violations. We are...

(EnergyAsia, November 2, Monday) — The US-headquartered IPC — Association Connecting Electronics Industries said its recently established solar standards committee has begun work on developing standards for the polysilicon photovoltaic (PV) industry, specifically the assembly of solar panels. “IPC facilitated the birth of standards for both the printed circuit board (PCB) and electronics assembly industries,...

(EnergyAsia, November 2, Monday) — South Korea’s Hanwha Chemical has announced its entry into the solar energy business with an 800-billion-won investment outlay to develop and sell solar cells over the next six years. The company said it aims to capture 5% of world market share and achieve one trillion won in revenue by 2015....

(EnergyAsia, November 2, Monday) — SolarEdge, which claims its technology increases solar power systems’ output by up to 25%, said several international investors have agreed to provide a total of $23 million in a funding round to support growth in residential and large-scale photovoltaic sites. The investors include Singaporean fund JP Capital Asia, GE unit...

(EnergyAsia, November 2, Monday) — The Philippines’ Department of Energy (DoE) said it has awarded 87 renewable energy contracts to 18 companies which have pledged to invest a total of 90.4 billion peso in several biomass, geothermal, solar, hydropower, ocean and wind energy projects. (US$1=48 peso). The projects are expected to generate a total of...

(EnergyAsia, November 2, Monday) — China’s Suntech Power said it will work with Pakistan’s Alternative Energy Development Board (AEDB) to help develop the widespread use of solar energy in Pakistan. They signed a memorandum of understanding (MOU) to facilitate cooperation between Suntech and the public sector and private companies in Pakistan to help implement AEDB’s...

(EnergyAsia, November 2, Monday) — Vestas, Denmark’s global wind power leader, said it has completed its largest integrated wind power production base in the Tianjin Economic-Technological Development Area (TEDA) in northern China. Vestas has been expanding the facility since setting up its first blade factory in TEDA in 2006. It became the company’s largest facility...

(EnergyAsia, November 2, Tuesday) — Australian Renewable Fuels (ARF) Limited said it has agreed to supply biodiesel to Wesfarmers Premier Coal for use in its coal mine in Western Australia state. Australian Stock Exchange Limited-listed ARF will supply the fuel from its Picton plant, also in Western Australia, augmenting an existing supply arrangement with the...

(EnergyAsia, October 30, Friday) — South Korean engineering firm Hyundai Heavy Industries Co Ltd (HHI) said it has secured a record US$2.06 billion contract to build a module fabrication for the Barrow Island liquefied natural gas (LNG) plant as part of the development of Australia’s giant Gorgon gas fields. HHI submitted its bid to build...

(EnergyAsia, October 30, Friday) — A-Power Energy Generation Systems Ltd, a Nasdaq-listed provider of distributed power generation systems in China and a fast-growing manufacturer of wind turbines, said it has won a contract to develop a 19.5MW wind farm in Donggang, Rizhao City in Shandong province. Under the $36.2 million contract awarded by the Shandong...

(EnergyAsia, October 30, Friday) — Det Norske Veritas (DNV), a global provider of risk management services, said it recently set up a clean energy unit in London, UK to support the country’s renewable energy industries which include wind, wave, tidal and carbon capture and storage (CCS). DVN said the new office is co-located with its...

(EnergyAsia, October 30, Friday) — It may cost developing countries as much as US$100 billion per year to adapt to the impact of climate change over the next 40 years, according to preliminary findings in a new global study from the World Bank.  The Economics of Adaptation to Climate Change (EACC) study, funded by the...

(EnergyAsia, October 30, Friday) — Finnish power solutions provider Wartsila Corporation said it has agreed to license China’s Zhuhai Yuchai Marine Power Co Ltd to manufacture and sell its RT-flex low-speed marine diesel engines in the country. Zhuhai Yuchai is a subsidiary of Guangxi Yuchai Machinery Group, the largest manufacturer of and the market leader...

(EnergyAsia, October 30, Friday) — Chinese legislators have proposed to amend the Renewable Energy Law of 2005 with the aim of establishing a new fund to support development of the sector.  Under the amendment awaiting approval from the National People’s Congress (NPC), the new fund would derive income from an existing special fund provided for...

(EnergyAsia, October 30, Friday) — Chinese sovereign wealth fund China Investment Corp is looking to take minority stakes in international infrastructure, resources and energy projects to diversify its US$200 billion investment portfolio.  The company said that the fund is looking for deals in green energy and new technology to help improve electricity transmission efficiency, citing...

(EnergyAsia, October 30, Friday) — China’s plans to invest an estimated $2.65 trillion in energy infrastructure, production and distribution by 2020 is fuelling its rise as a global economic power, said Louis Schwartz, president of China Strategies, LLC.  Speaking at the recent annual ROTH Capital Partners China Investment Conference in Florida, US, he predicts China...

(EnergyAsia, October 29, Thursday) — The Lloyd’s Register group said it has created a new energy business by merging its oil and gas, and chemicals and power divisions. The consulting and inspection company said the combined business will bring together its capabilities in the upstream, downstream, power and manufacturing sectors to provide a range of...

(EnergyAsia, October 29, Thursday) — Australian upstream company Santos said ExxonMobil has raised the pre-front end engineering and design (FEED) estimate for its liquefied natural gas (LNG) project in Papua New Guinea to US$15 billion. Operator ExxonMobil provided the estimate which covers the project’s first phase on a preliminary basis as the contract awards have...

(EnergyAsia, October 29, Thursday) — NYSE-listed Murphy Oil Corp said it has begun producing natural gas fields in Blocks SK 309 and SK 311 off the coast of Malaysia’s Sarawak state. Natural gas produced from the phased development of the fields will be supplied to the Petronas LNG Complex in Bintulu city. Murphy Sarawak Oil...

(EnergyAsia, October 29, Thursday) — KSK Surya Photovoltaic Venture, Private Limited (KSK), a subsidiary of KSK Power Ventur plc, a leading independent power provider in India, said it has agreed to purchase from Applied Materials Inc two Applied SunFab™ Thin Film Lines for manufacturing high-power output 5.7-sq m solar panels. The SunFab lines will be...