MAN Energy Solutions is acquiring 40 percent of the shares of the electrolysis technology company H-TEC SYSTEMS. A contract confirming the partial acquisition was signed in Augsburg by Dr. Uwe Lauber, CEO of MAN Energy Solutions, and Ove Petersen and Heinrich Gärtner, executive managers of the GP JOULE Group. The contract also makes provisions for a majority or complete takeover of H-TEC SYSTEMS at a later ...

The financing consists of a $70 million A loan from ADB’s ordinary capital resources and $82 million B loan from Sumitomo Mitsui Banking Corporation and MUFG Bank, with ADB providing a partial risk guarantee (PRG) to the participating commercial banks. ADB will also administer a $20 million loan from Leading Asia’s Private Sector Infrastructure Fund (LEAP), supported by the Japan International Cooperation A ...

HÀ NỘI — The Ministry of Industry and Trade (MoIT) plans to focus its investigations on businesses that use high volumes of energy as part of its mission to save energy. Trịnh Quốc Vũ, deputy director of MoIT’s Department of Energy Saving and Sustainable Development, said the industrial sector accounted for more than 47 per cent of the country’s total energy consumption. “There are many technical solutions ...

The Asian Development Bank (ADB) has agreed to invest USD 50 million (EUR 44m) in Avaada Energy Private Limited (AEPL) to aid the Indian renewables developer in expanding solar power generating capacity. ADB said in a statement that the current equity investment will help Avaada Energy to exceed 2 GW of capacity, having in mind that the company has already secured power purchase agreements (PPAs) for about ...

Singapore is ready for energy deregulation. A slower, more cautious approach is ensuring consumers, as well as providers, can enjoy the spoils or deregulation.   At different paces, ASEAN countries are studying the feasibility of energy deregulation. The term applies to the transition from regulated to market-based energy prices.  Some ASEAN countries embark on an energy deregulation journey to in ...

With the increasing amount of renewable energy in the system, grid operators must address the challenge of balancing supply and demand from intermittent energy generation. One way of meeting this challenge is to use advanced forecasting tools to provide predictability in renewable energy generation in order to keep the grid stable. In support of Vestas’ efforts to provide forward-looking renewable energy so ...

MAN Energy Solutions receives the Storage Highlight award for its new energy management solution MAN ETES during the Energy Storage Europe 2019.  Patrik Meli, Vice President, Head of Compressor Engineering of MAN Energy Solutions, proudly received the award during the “Energy Storage Technology Highlights” ceremony, which was held at the Energy Storage Europe trade fair in Düsseldorf (Germany) on March ...

Chinese officials say the humming economy means that no fewer than eight nuclear reactors of the million-kilowatt class must enter service each year to help keep the nation’s electricity supply in pace with demand, while not adding more pollutants to the already fragile environment. China Nuclear Power Engineering Co Ltd general manager Liu Wei told reporters that China would see its total power c ...

Vestas has assisted Vietnamese developer Tan Hoan Cau Joint Stock Corporation to secure funding for the 33MW Huong Linh 1 wind farm in the south-east Asian country. The turbine manufacturer's structured finance business coordinated the financiers, which included the Danish Export Credit Agency (EKF), an offshore bank and a Vietnamese bank, to provide money for the project. “By having a thorough market and c ...

GE T&D India Ltd, part of GE’s grid solutions business in India, today announced it has bagged a Rs 150 crore order from Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL) for modernisation of its power grid network. The technology-driven project is part of the power utility’s roadmap – called Smart Transmission Network and Asset Management System (STNAMS) -- to implement grid initiatives and augmenting ren ...