Asia – Pacific

Asia - Pacific

Iraq signs contract with UAE company to build solar power plants – EQ Mag Pro

October 7, 2021 Anand Gupta

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The first phase of the project will include the generation of 1,000 megawatts out of a total capacity of 2,000 megawatts, the statement said. Baghdad: Iraq signed a contract with a United Arab Emirates’ energy company to build five solar power plants, the Iraqi government has said. A statement by the media office of Iraqi […]

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Asia - Pacific

Citigroup appoints Pang to head clean energy banking in Asia – EQ Mag Pro

October 6, 2021 Anand Gupta

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Pang joined Citi in 2015 and will continue to lead infrastructure investment banking in Asia, the statement said. HONG KONG : Citigroup has appointed William Pang as the head of its Natural Resources and Clean Energy Transition (NRCET) Investment Banking unit in Asia, according to a statement from the bank. Pang joined Citi in 2015 […]

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Asia - Pacific

China facing huge electricity shortage with millions plunged into blackout – EQ Mag Pro

October 4, 2021 Anand Gupta

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China is about to be plunged into a nationwide power shortage which could see millions of people left without electricity. This week, a whopping two thirds of the country faced blackouts and rationing. It has been thrust into the crisis as it is struggling to balance prices with demand and has dangerously low coal reserves. […]

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Asia - Pacific

ADB, Partners to Set Up New Platform to Catalyze Investments in Sustainable Infrastructure in Asia – EQ Mag Pro

October 1, 2021 Anand Gupta

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MANILA, PHILIPPINES : The Asian Development Bank (ADB) has signed a memorandum of understanding with HSBC, Temasek, and Clifford Capital Holdings to set up a debt financing platform to boost commercial development of sustainable infrastructure projects in Asia, with an initial focus on Southeast Asia. The platform aims to turn marginally bankable projects into bankable […]

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Asia - Pacific

Exim Bank extends $100 Mn Line of Credit to Sri Lanka for Solar Energy Projects – EQ Mag Pro

October 1, 2021 Anand Gupta

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New Delhi : The Export-Import Bank of India (Exim Bank) has entered into an agreement with Sri Lanka for making available a Line of Credit (LoC) of USD 100 million for the purpose of financing projects in the Solar Energy Sector. The Line of Credit, being supported by Govt of India, will be primarily used […]

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Asia - Pacific

Iberdrola boosts renewable capacity with purchase of NSW solar project – EQ Mag Pro

September 30, 2021 Anand Gupta

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Spanish energy giant Iberdrola has announced a significant expansion of its Australian renewables portfolio with the purchase of a 190MW solar project in New South Wales from RES. Iberdola has agreed to buy the Avonlie solar project (190MW ac, or 245MW dc) located south of Narrandera, in the state’s south west, with construction expected to […]

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Asia - Pacific

Iberdrola says all turbines up at 317-MW Australian wind-solar hybrid – EQ Mag Pro

September 30, 2021 Anand Gupta

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The final wind turbine has been installed at Iberdrola SA’s (BME:IBE) first wind-solar hybrid project, the 317-MW Port Augusta complex in South Australia, the Spanish utility said today. The AUD-500-million (USD 362m/EUR 310m) Port Augusta project will pair 210 MW of wind power capacity with 107 MW of photovoltaic (PV) capacity and is expected to […]

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Asia - Pacific

Australian company plans $22bn scheme to bring solar power to Southeast Asia – EQ Mag Pro

September 30, 2021 Anand Gupta

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Singapore may be drawing up to 15% of its electricity from solar power generated in Australia by 2027, if a scheme by renewables specialist Sun Cable comes to fruition. The company aims to build vast solar farms in Northern Australia, which it describes as “one of the most reliably sunny places on Earth”. This power […]

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Asia - Pacific

Impact of Chinese power cuts on Taiwanese firms remains to be seen: Official – EQ Mag Pro

September 30, 2021 Anand Gupta

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Many tech firms have suspended production, but Apple supplier Foxconn says it’s unaffected. TAIPEI : It’s too early to tell the extent to which Taiwanese businesses will be affected by China’s widening power shortages, according to Taiwan’s economic authorities. The government is closely watching the development of the power crunch and has learned that the […]

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Asia - Pacific

Foxconn announces supply agreement for LFP batteries – EQ Mag Pro

September 30, 2021 Anand Gupta

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Foxconn, the Taiwanese manufacturer contracted by Apple among many others, is cooperating with the companies Giga Solar Materials, Long Time Technology and China Steel Chemical to develop anode materials for lithium iron phosphate batteries. The new batteries are to be used for the first time in electric buses from 2023. The planned cooperation between the […]

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