October 2012 - Pimagazine Asia
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Softbank Teams Up with Newcom to Develop Wind Power in Mongolia

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 ...

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Indian Wind Sector Slows

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 ...

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Indian Energy Giant Suzlon Faces Economic Backlash

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 ...

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CEA Report Reveals Power Shortage Woes for India

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 ...

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Siemens Pulls Out of Solar

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 ...

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BrightSource raises $80 Million and Has Eyes on India

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 ...

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Hanwha Group Re-launches Q-Cells and Becomes World’s Third Largest Solar Manufacturer

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 ...

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IBM Establishes a Smarter Energy Research Institute

IBM today announced the launch of the Smarter Energy Research Institute, a new industrial research collaboration model aimed at accelerating innovation across the global energy and utilities market. Hydro-Québec (Canada), Alliander (Netherlands) and DTE Energy (USA) join as the first members. The Smarter Energy Research Institute is a new collaboration between corporate research and the energy and utilities ...

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China Auction for Shale Gas Blocks Attracts 152 Qualified Bids

China’s second round of shale-gas auctions attracted 152 bids from 83 companies, as the nation allowed non-state entities to participate in the sale for the first time. Nineteen of the 20 blocks offered in today’s auction received at least three bids, the minimum required for a block’s auction to proceed, according to a statement posted to the website of the Ministry of Land and Resources today. A block, wh ...

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IL&FS to Build India’s Largest Power Generation Plant

Infrastructure financing and project development firm IL&FS (Infrastructure Leasing & Financial Services Ltd) is working on setting up a power plant with a capacity of 4,000MW in Gujarat, government sources said. The project, scheduled to start in June 2017, would be the single-largest generation power project in the country and equal the Centre's showcase ultra-mega power projects (UMPPs) being set ...

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