(EnergyAsia, August 12, Wednesday) — US-based Evolution Solar Corporation (EVSO) said it and other solar stocks are benefitting from China’s new $2.70 per watt government solar incentive delivered as part of the nation’s economic stimulus package. The stimulus spending represents a 50% government participation in the cost of many solar projects. Clearly this changes the...

(EnergyAsia, August 12, Wednesday) — Hong Kong’s power group, CLP, and Wind Prospect said the government has approved the Environmental Impact Assessment (EIA) Report for their proposed offshore wind farm project of up to 200MW in capacity. “The approval represents an important milestone to realising renewable energy in Hong Kong,” said CLP. The HK$6.7 billion...

(EnergyAsia, August 12, Wednesday) — Origin Energy Limited, Australia’s leading integrated energy company, said it has signed an agreement with Carbon Conscious Limited for what they claim is the largest carbon pollution reduction scheme (CPRS) bio sequestration project in the country. The deal will involve both companies planting large-scale native Mallee Eucalypt trees in the...

(EnergyAsia, August 12, Wednesday) — Suntech Power said it has signed a strategic agreement with China Huadian New Energy Development (HNE) to develop a total of 500MW of utility-scale and commercial roof-top solar projects in China’s sun rich Jiangsu province and Shanghai over the next three years. HNE will be responsible for the project investment...

(EnergyAsia, August 12, Wednesday) — Duke Energy, one of America’s largest electric utilities, said it has signed a memorandum of understanding with China Huaneng Group, the country’s biggest electric utility, to explore the development of a variety of renewable and clean-energy technologies. The MOU will cover high-level discussions and information-sharing on a number of renewable...

(EnergyAsia, August 12, Wednesday) — The Asian Development Bank (ADB) and the Australian government’s Global Carbon Capture and Storage Institute have signed a trust fund agreement to support the capture and storage of rising levels of carbon emissions in Asia. Australia will provide a A$21.5 million grant for the fund which will support geological investigations...

(EnergyAsia, August 11, Tuesday) — American Superconductor Corporation, a Nasdaq-listed global energy technology company, said it has amended its multi-year contract with Beijing-based Sinovel Wind Corporation Limited, China’s largest wind turbine manufacturer, to enable Sinovel to meet increased demand in China for its 1.5 megawatt (MW) wind turbines.   The original contract called for AMSC...

(EnergyAsia, August 11, Tuesday) — Canadian Solar said it has entered into a broad strategic cooperation with Guodian Power Development Co Ltd, one of China’s largest power generation companies. The two companies have agreed to jointly design, invest, build, operate and maintain PV power plants in China. They will work together as strategic partners in...

(EnergyAsia, August 11, Tuesday) — Shenyang, China-based NF Energy Saving Corporation and GE Enterprise Development (Shanghai) Co Ltd, a GE subsidiary, have signed an agreement to jointly promote sustainable market and energy savings projects in China. “We are glad to partner with GE in developing the Chinese energy-saving market,” commented Mr. Li Gang, chairman and...

(EnergyAsia, August 11, Tuesday) — A global climate change agreement targeted for approval in December will need the support of China to succeed, said UN Secretary General Ban Ki-moon. Now the world’s leading emitter of carbon dioxide, China is on track to account for 25% of its carbon dioxide emissions by 2030, experts say. The...

(EnergyAsia, August 11, Tuesday) — Developers of the Xiluodu dam in China have increased the project’s safety risks and cost by trying to advance its completion deadline by two years to 2013, the country’s auditor has found. The National Audit Office said in a report that budget costs of the project have gotten out of...

(EnergyAsia, August 11, Tuesday) — The Chinese government said it will raise its subsidies for power generated from renewable energy sources to ensure that solar, wind and other clean energy sources provide at least 15% of its electricity by 2020. The subsidies are aimed at reducing the country’s dependence on imported fossil fuels and cutting...

(EnergyAsia, August 11, Tuesday) — The 10-member Association of Southeast Asian Nations (ASEAN) has the opportunity to engage the US government of President Obama on a number of issues when he visits the region later in the year.   At the 2nd ASEAN Think Tank Forum (AT2F II) in Singapore last week, the group discussed...

(EnergyAsia, August 11, Tuesday) — US major Chevron Corp said it has awarded a major front-end engineering and design (FEED) contract for the first phase development of the Wheatstone natural gas project in northwest Australia. Chevron awarded the contract for the project’s first phase comprising two liquefied natural gas (LNG) processing trains each with a...

(EnergyAsia, August 7, Friday) — The Resorts World at Sentosa in Singapore, is building a 500 kWp solar PV System. When completed in October, it will be the largest single PV installation in Singapore. The S$6 billion Resorts World resort is developed by Genting International, the overseas investment arm of the Genting Group and is...

(EnergyAsia, August 7, Friday) — The South Korean government expect to soon a one-trillion-won fund to secure energy and mineral resources abroad. (US$1=1,200 won). The fund would help Korean companies secure the rights to oil, gas, coal and mineral resources as part of a national campaign to lessen its dependency on imported energy.    The main...

(EnergyAsia, August 7, Friday) — China’s Yingli Green Energy said it has established deals with two companies to develop solar energy projects. It has established a strategic alliance with a subsidiary of China Guangdong Nuclear Power Holding Co Ltd to explore the opportunities for development of on-grid solar projects both in China and abroad. It...

(EnergyAsia, August 7, Friday) — Canada’s China Wind Power International Corp, a wind energy company that develops and operates wind farms in Heilongjiang Province, China, said that it has successfully completed a private placement financing for gross proceeds of C$27.3 million, and completed its amalgamation with Berkshire Griffin Inc. (US$1=C$1.08). The transactions are part of...

(EnergyAsia, August 7, Friday) — Taiwan’s legislature has passed a comprehensive Renewable Energy Development Act, setting the scene for a boom in its green energy sector, said the Ministry of Economic Affairs (MOEA). Under the act passed on June 9, the country will give priority to the development and application of renewable, pollution-free sources of...

(EnergyAsia, August 7, Friday) — The Asian Development Bank (ADB) and the World Bank have committed to funding a study on clean energy in the Philippines. The study will help the Philippine government prepare a clean energy investment plan for the country. One of its key objectives will be to identify priority projects and locations...

(EnergyAsia, August 7, Friday) — Germany‘s Nordex Group, a world leading supplier of wind turbines, has welcomed China’s decision to pay a fixed rate for wind-generated electricity. The government plans to pay a feed-in remuneration of between RMB0.51 and RMB0.61 per kilowatt hour depending on the area where a project is linked to the national...

(EnergyAsia, August 7, Friday) — China’s Trina Solar said it has started shipping PV modules to Spain’s Proinso, a distributor for solar photovoltaic equipment and a specialist in engineering services in Spain. Trina Solar is one of two suppliers to Proinso under a long-term supply agreement. Shipments for the second quarter of 2009 through 2010...

(EnergyAsia, August 6, Thursday) — Us-based Vega Promotional Systems Inc said its wholly owned subsidiary, Natural Fuels Industries (NFI), has agreed to acquire a 20% equity stake in a biomass pellet plant in Map Ta Phut in Thailand due to start up this quarter. The 500,000-ton-per-year plant, owned by Natural Fuels Industries Company Inc of...

(EnergyAsia, August 6, Thursday) — Replacing open fires that use solid fuels for cooking in developing countries with simple modern stoves, using liquefied petroleum gas (LPG) for example, would reduce many premature deaths from respiratory illness and lead to savings equivalent to US$91 billion a year, said a study by the World Liquefied Petroleum Gas...

(EnergyAsia, August 6, Thursday) — THE International Bunker Industry Association (IBIA) said it has intervened at the International Maritime Organisation to amend a controversial proposal to ban the blending of oil cargoes on board ships. At the 59th session of the IMO Marine Environment Protection Committee (MEPC) in London last month, there was strong support...