A group led by New Generation Power LLC, a U.S. clean energy developer, has signed contracts to build 315 megawatts of solar plants in India. The group expects to invest $400 million by the end of 2014 to complete installations at various sites across Andhra Pradesh state, Chicago-based New Generation said in a statement. The plants will sell power under 20-year contracts to the local utility. Mumbai-based ...

The German solar giants will install their solar panels for local investor San Carlos Solar Energy Inc. in what is their first foray into this emerging Southeast Asia market. Hamburg-based Conergy AG has made further inroads into the burgeoning Southeast Asian solar PV market with the announcement that the company has won a 22 MW order to supply modules for a new solar plant in the Philippines. In what is t ...

The International Energy Agency (IEA) says Southeast Asia (SE)will need $1.7 trillion in energy investments over the next two decades to cope with a surge in demand and counter growing reliance on oil imports. It said the region’s energy usage was still low at half of the global average but demand is likely to increase by more than 80 percent through 2035. An IEA report projects Southeast Asia’s oil imports ...

China Longyuan Power has been awarded bids for two wind power projects totaling 244MW by the Department of Energy, South Africa (DOE) under the third round of the South African government's Renewable Energy Procurement Programme. To be jointly developed by China Longyuan Power, Mulilo Renewable Energy and Black Community Company, the two projects are the 100MW De Aar Phase I and 144MW De Aar Phase II North ...

Pan Global Corp, a firm listed on the OTC exchange in the US, has entered into a stock purchase agreement with Regency Yamuna Energy Ltd (RYEL) to buy the outstanding shares and convertible debt of RYEL which is commissioning a 5.7 MW small-hydro project in northern India. The acquisition, to be completed in multiple tranches, will involve a total investment of around Rs 41 crore ($6.6 million). As part of ...

Israel Corporation (TASE: ILCO) unit HelioFocus Ltd. has signed a memorandum of understanding deal with Chinese energy company Taiqing to build a 200-megawatt solar boosting system for coal-fired power stations in Inner Mongolia for $340 million. The project is scheduled to begin in 2015. HelioFocus is a subsidiary of IC Green Energy Ltd. and China's Zhejiang Sanhua Co. Ltd. (Shenzhen: 2050). It will supply ...

HSBC Holdings, Europe's biggest bank, is looking to buy stakes in companies engaged in wind and solar ventures in China and India as it builds up its renewable energy portfolio, a bank official said."The Asian market is now becoming more attractive from an investor's perspective," said Siobhan Smyth, managing director and head of renewable energy project and export finance at HSBC. "Within Asia, we are seri ...

JinkoSolar Holding Co., a Chinese solar-panel maker that in August posted its first profit since 2011, supplied 1.2 megawatts of the equipment to a project in Chile’s Coquimbo region. SolaireDirect Chile began selling power from the project in June on the spot energy market and to mining companies, Shangrao, China-based JinkoSolar said today in a statement. ...

The first unit of Kudankulam Nuclear Power Project (KNPP) Tuesday night stopped operations due to a feed water problem, states a report on Wednesday. The 1,000 MW unit, which was resynchronised with the grid Oct 25 night, was stopped at 8.03 pm on Oct 29 due to feed water problem and is expected to re-start operations on Nov 1, according to a Power System Operation Corporation Ltd report. Power System Opera ...

The November 26 Mumbai terror attack has stalled plans to form an inter-connected electricity grid among South Asian nations. India has shelved a proposal to establish 220 kilovolt (KV) links with Pakistan after the Mumbai outrage that killed 183 people, which the Indian government strongly claims was orchestrated by Pakistan-based terror groups. India intended to import 500MW of electricity from Pakistan t ...