The Asian Development Bank has granted a $500,000 technical assistance to the Philippine government to promote and build the country’s wind power generation capacity under the bank’s Quantum Leap in Wind Power program. Energy Undersecretary Jose M. Layug Jr. said on Wednesday that the Philippines was one of the program’s recipient countries, together with Mongolia, Sri Lanka and Vietnam. The target was to b ...

China has approved a 1.4GW wind power complex in Baotou, Inner Mongolia – the first gigawatt scale project in the province. The Damaobayin project will include seven wind farms to be developed by different developers – Huadian, Guodian, Huaneng, Longyuan, CPI, Beijing Jingneng New Energy and local company Xiehe Wind Power. Total investment in the project is 13.6bn yuan ($2.18bn).Construction is expected to ...

South Korea has announced that it has shut down two nuclear reactors after it was revealed that some of the parts used were not properly tested. The Knowledge Economy Minister Hong Suk-woo made the announcement, Confirming that the parts had been had been issued with fake safety certificates, and subsequently installed. Hong Suk-woo was at pains to state that the untested components were "non-core" parts an ...

Softbank Corporation, a Japanese mobile phone company, is planning to invest in wind power projects in Mongolia. SB Energy Corp., Softbank’s clean energy unit, will set up a venture with Mongolia’s Newcom LLC as early as this month to conduct feasibility studies on wind power generation, Naoki Nakayama, a Softbank spokesman, said by phone today. Newcom invests in clean technology and infrastructure. The ven ...

Wind power firms slowed capacity addition for the first time in 20 years as the government stalled on announcing a replacement for the incentive programme that expired last fiscal year. Capacity addition in wind power generation dropped by 39% between April and September, after having grown at a 22% annual compounded growth rate since 1992. This is according to data published by the Indian Wind Turbine Manu ...

Wind energy giant Suzlon, once a star of India's green technology, is facing a stormy future after aggressive expansion left it mired in debt at a tricky time for the industry, analysts say. The world's fifth largest wind turbine firm this month made the biggest default on repayments by an Indian company, after bondholders rejected its request for a four-month extension to more than $200 million of debt. In ...

The peak power shortage that India may face this fiscal, as it grapples with acute dearth of coal and gas supplies, is estimated to be 10.6%, says a CEA report.Peak power shortage will be close to 15,000 MW. "The anticipated peaking shortage in the country would be 10.6 per cent," a report by the Central Electricity Authority (CEA) has said.The total electricity demand of the country during the year is 1,40 ...

Siemens is to modify its business strategy and organizational setup with respect to renewable energy. The company plans to divest its solar business activities and is currently holding talks with potential buyers on this subject. Siemens intends to focus its renewable energy activitieson wind and hydro power. As part of this reorganization, the Energy Sector will be slimmeddown and the Solar & Hydro Div ...

BrightSource Energy Inc, which is developing solar thermal power plants in the California desert, has raised more than $80 million in equity financing six months after cancelling a planned initial public offering at the last minute. Alstom SA contributed $40 million to the financing round, bringing its stake in the Silicon Valley start-up to more than 20%, the French power equipment maker said in a statemen ...

In one swift move, Korean business conglomerate Hanwha Group has officially positioned itself as the third largest solar manufacturer in the world. With the purchase of bankrupt solar cell manufacturer Q.CELLS, the newly launched entity now claims ownership of a total of 2.3 GW of manufacturing capacity across Germany, Malaysia and China. That multinational position also puts Hanwha in the unique position o ...