U.S. private equity funds Tennenbaum Capital Partners LLC (TCP) and Goldman Sachs BDC (GSBD) have bought solar energy company Conergy Asia & ME Pte Ltd and its subsidiaries, Conergy said on Wednesday. Kawa Solar Holdings sold Conergy to the funds for an undisclosed sum in a transaction that closed on Tuesday, Singapore-headquartered Conergy said in a statement. "TCP's and GSBD's extensive experience and ...

Siemens Gamesa speeds up its integration process and prepares to lead in a growing market • Global revenues decreased by 7% to €2,693 million in the third quarter of fiscal year 2017 as a result of the temporary downturn of the Indian market. O&M service revenue expanded by 8%, to €300 million. • The announced synergies of €230 million are now the 'minimum' and the company expects to realize these syner ...

Two engines add 24.5 MW to Kinmen Island’s power generation The Chinese EPC (Engineering, Procurement, Construction) company Chung Hsin Electric & Machinery Mfg Corp. Corporation (CHEM) has ordered two MAN 51/60 gensets with Selective Catalytic Reduction (SCR) and auxiliary equipment to add extra capacity to a power plant in Taiwan, Republic of Chi- na. The Ta-Shan Power Plant is located on the western ...

A new report from Navigant Research analyzes the state of the global utility electric smart meter market, tracking data related to customer endpoints, meter manufacturers, advanced metering infrastructure (AMI) communications vendors, systems integrators, and meter data management (MDM) vendors. In Asia Pacific, the smart meter market remains fragmented, with a subset of the region’s major countries engagin ...

In a display of China's commitment to ramping up renewable energy resources, the country just finished a 250-acre solar farm in the shape of a panda. The effort is partially a PR campaign as China continues to lead the world in renewable energy investment. The first phase of the solar power plant was recently completed, adding 50MW (of the total 100MW) to the electricity grid in Datong, China. The panda sha ...

Mitsubishi will acquire power transmission cables for an offshore wind farm in the U.K., gaining a firmer foothold in a market expected to see more growth as Europe shuns nuclear energy in favor of renewables. The Japanese trading house and U.K. fund HICL Infrastructure will spend 180 million pounds ($234 million) to buy transmission cables and substations spanning 26km between the 258-megawatt Burbo Bank E ...

Vietnam plans to sell a 34.7 per cent stake in power producer Vinacomin Power Holding Corp, worth about 3.3 trillion dong (S$196.9 million), the government said on its website on Thursday. The move follows a government order last year to speed up privatisation of electricity-generating firms. The state, which owns 99.68 per cent in the country's third-biggest power producer, plans to reduce its stake to 65 ...

The latest of four meteorological events, Tropical Storm Sonca, have government officials in Thailand, Laos, Cambodia and Vietnam monitoring reservoirs and electricity production facilities, including water discharged from the 1,920-MW Hoa Binh hydropower plant, the largest hydropower project in the region. Tropical Storm Sonca is the fourth major storm to hit Vietnam this year and earlier this month, Tropi ...

Royal Dutch Shell and SoftBank are among several global groups considering bidding for Equis Energy, Asia’s largest independent renewable energy producer valued at up to $5 billion, sources familiar with the matter said. Japanese trading companies, global pension funds and buyout firms are also in the fray to buy Singapore-based Equis, the sources said, at a time when many Asian governments are expanding th ...

As the focus is shifting from hardware to software and the digital potential is explored to provide energy solutions such as in case of blockchain, demand side management, IoT and smart grids, GIZ, a state-owned company supporting the German government in reaching its sustainable development goals, has come together with CalCEF/New Energy Nexus, TechGrind, CU Innovation Hub, and KX, to launch the Smart Ener ...