Hero Future Energies, the renewable power venture of the New Delhi-based Munjal family, is close to buying the solar power generating assets of Waaree Energies Ltd in a Rs 500-550 crore deal, said two people aware of the development. Mumbai-based Waaree is primarily a maker of solar photovoltaic (PV) modules and an engineering, procurement and construction company in solar energy. It also has a 100 megawatt ...

THE Philippines needs new power plants if it is to provide the electricity that will deliver the government’s ambitious growth plans. The country risks falling behind its neighbors as it competes for foreign direct investment in generation infrastructure. It also faces a future locked into expensive and polluting coal. The question for government is: “How do we create a level playing field for the developme ...

SEOUL — A cross-border power grid system that would connect South Korea with China, Russia and Japan is expected cost over 7 trillion won (US$6.2 billion) to build, a state-run utility firm said today. In a feasibility report submitted to parliament, the Korea Electric Power Corp. (KEPCO) said connecting the electricity system between the four nations for the so-called Northeast Asia super grid would cost a ...

Hyundai Motor Group announced Tuesday that it would invest US$6.7 billion in hydrogen fuel-cell electric vehicle (FCEV) production facilities in a bid to seize the first-mover advantage in the sector. The group, which encompasses South Korea’s two biggest carmakers, Hyundai Motor and Kia Motors, plans to create production capacity of 500,000 FCEVs annually through 2030, according to a press release by the c ...

The government is targeting to grow renewable energy’s (RE) proportion of generation mix from the current 2% to 20% by 2025-2030, amid escalating prices of fuel to supply the electricity industry. This bodes well with the electricity supply industry (ESI), now grappling with the escalating global coal price. Eventually, this new target might allow for more stable tariffs in the future, analysts said. Some 5 ...

Tokyo Electric Power Company Holdings Inc (TYO:9501), or TEPCO, announced today that it has acquired a minority stake in the 29.7-MW Coc San hydropower plant (HPP) in Vietnam. TEPCO said in a statement it has bought 36.38% of the shares in Singapore-based Viet Hydro Pte Ltd, which is the majority owner of the company that operates the plant, namely Lao Cai Renewable Energy JSC (LCRE). Separately, InfraCo As ...

Sindicatum Blockchain Technologies launches renewable energy investment platform Reneum Singapore-headquartered Sindicatum Blockchain Technologies today launched its Reneum platform at the Paris Peace Forum. Reneum’s aim is to mobilise additional investments in renewable energy of $100bn by 2030, when 60 per cent of the world’s energy use should come from renewable sources if we don’t want to all fry from c ...

Singapore takes the lead in embracing green energy across ASEAN: report Rising energy consumption and cost pressures continue to hinder the region's sustainability efforts, the report said. Singapore is setting an example across ASEAN as it takes the lead in embracing green energy following its moves to transform itself into a trading hub for LNGs, according to Capgemini’s 2018 World Energy Markets Observat ...

MAN Energy Solutions Takes Next Step in Developing Presence in Finland MAN Energy Solutions has won the contract to design and deliver an LNG regasification terminal for the Forchem company in Rauma. Forchem, an innovative and industry-leading company producing chemical and Animal feed products from tall oil, has chosen to convert the boiler for generating steam for the refinery processin to natural gas/ bi ...

A year after the international Expo 2017 held in Astana on ‘Future Energy’ Kazakhstan begins its long journey from oil-dependency to a sustainable developed nation. The emergence of Kazakhstan as an international eco-warrior and regional pioneer of green energy was firmly established last year, after the country was selected to host the international Expo 2017 on ‘Future Energy.’ On the face of things, Kaza ...