Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by about 25% to $54 billion annually, according to Wood Mackenzie. “Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in […]
KKR Aims to Raise $12 Billion for Latest Infrastructure Fund
KKR & Co. is seeking about $12 billion for its fourth global infrastructure fund, according to a person with knowledge of the matter. The private equity firm raised $3.9 billion for its first Asia-Pacific infrastructure fund in January, amassing the largest pool of cash in the region for investments including waste management, renewable energy and […]
COVID-19 green recovery plans driving credit divergence across Asia-Pacific: Moody’s
While it would create credit challenges for oil refiners and operators of captive coal power plants, it added New Delhi: COVID-19 green recovery plans will help drive credit divergence in the Asia-Pacific region leading to increased focus on environmental, social and governance factors, according to a report by Moody’s Investor Service released on Wednesday.While it […]
Asia-Pacific’s RE capacity set for 58% growth over five years, directed by solar
Installed capacity of renewable energy in the Asia-Pacific region is set for a major boost in the next five years, to 815 gigawatts (GW) in 2025 from 517 GW this year, a Rystad Energy analysis shows. The frontrunner in this growth will be solar energy, whose regional capacity will nearly double to 382 GW from […]
BlackRock plans Asia Pacific growth via New Green Power acquisition
BlackRock Real Assets has entered into an agreement to acquire a majority stake in Taiwanese solar energy firm New Green Power (NGP), in a deal which supports BlackRock’s commitment to investing across Asia Pacific. This is BlackRock’s third investment in NGP, but, as with its previous deals with NGP, the value of the latest transaction […]
Asia Pacific renewables could attract US$1tn of investments this decade – WoodMac
Solar and wind power represent a US$1 trillion investment opportunity in Asia Pacific this decade, equivalent to two-thirds of the region’s total power generation sector, as countries move away from fossil fuel generation in favour of greener alternatives. That is according to a new Wood Mackenzie report, which reveals the share of wind and […]
AC energy investing $20 million for RE projects in Asia-Pacific
THE power unit of conglomerate Ayala Corp. is investing $20 million to partly finance the development, construction and operations of renewable-energy (RE) power projects in the Asia-Pacific (AsPac) region, with a goal of building a portfolio of over 1 gigawatt in the next few years. AC Energy, through AC Renewables International Pte. Ltd., will undertake […]
Oriano Solar Commissions 18.75 MWp for Aditya Birla Renewables in Chhattisgarh
Oriano Solar commissioned 18.75 MWp solar PV plants located at Rawan (12.5 MWp) and Hirmi (6.25 MWp) in Chhattisgarh in February 2019. Oriano Solar was the Engineering, Procurement and Construction (EPC) contractor for these projects. These plants will generate clean energy that will offset annual carbon dioxide emission of 22,000 metric tons and have created […]