SHANGHAI : A unit of GCL-Poly Energy Holdings defaulted on a US$500 million (S$665 million) bond after ending an exchange offer with existing bondholders. GCL New Energy Holdings announced the default in a Monday (Feb 1) exchange filing. The firm, which operates solar power plants, is majority owned by GCL-Poly, one of the world’s leading […]
Gaza installs China-funded solar energy panels for children’s hospital amid severe power shortage
GAZA, Oct. 12 : A Palestinian charity signed on Monday a deal with the Gaza Health Ministry to supply and install China-funded solar energy panels for a children’s hospital in Gaza city. “This project will provide 90 percent of the hospital’s electricity in all its departments, with a capacity of 30 megawatts,” said Maamoun Abu […]
Amid $30bn investment opportunities in renewable energy, don’t wish away coal: Economic Survey
The survey said while there has been tremendous increase in the renewable energy capacity, fossil fuels, especially coal, would continue to remain an important source of energy. NEW DELHI: Indian renewable energy space presents an investment opportunity of $30 billion every year for the next decade but the country cannot wish away coal-based plants, the […]
