Thailand’s oil giant, whose sales account for about 10% of the nation’s economic output, is suddenly spending billions of dollars on electric-vehicle and renewable-energy companies and tilting its traditional businesses toward chemicals and plastics. PTT Pcl announced investments of almost $10 billion since May to build an EV business and snap up petrochemical assets in […]
US$414 Million Green Bond Issuance at Lowest Ever Yield for Renewable Energy Company in India
EBENE, Mauritius : Azure Power Global Limited (NYSE: AZRE), leading independent renewable power producer in India, announced issuance of a dollar green bond of US$414,000,000, through its wholly owned subsidiary, Azure Power Energy Ltd (the “Bond”). The Bond, maturing in 2026, will be issued at a coupon of 3.575%, i.e., lowest ever coupon in the […]
China Raises Export Tariffs For Some Steel Products Again in Green Push
Export tariffs for high-purity pig iron will be lifted to 20% from 15%, and for ferrochrome will be increased to 40% from 20%, the Ministry of Finance said in a statement on Thursday. China will raise export tariffs for pig iron and ferrochrome, and remove export tax rebates for 23 steel products from Aug. 1, […]
‘Green’ Energy Projects Threaten to Wipe Off Ancient ‘Orans’ in Jaisalmer, Rajasthan
Almost every village and temple in Jaisalmer has an ‘oran’ or a sacred grove believed by many to be the abode of gods. They are also home to many endangered species of trees, birds and other creatures. However, plans are afoot to use the land to set up renewable energy projects, which locals fear might […]
RIL Stumbled on Higher Green Capex and Potential Negative FCF in the Coming Days
Reliance Industries Ltd (NS:RELI)stumbled almost -4.63% since Thursday (24th June) after its 44th AGM. The primary reason is the green (RE) CAPEX (initial) announced for Rs.75B for the next three years (FY: 23-25), which may cause more negative FCF (Free Cash Flow) for the company and lower ROCE (return of capital employed). The market was […]
Saudi Red Sea project secures $3.8 billion ‘green’ loan for new hotels
The hotels form part of a new high-end tourism development across islands, deserts and mountains near the country’s west coast, powered by renewable energy. DUBAI: Saudi Arabia’s flagship tourism project developer, The Red Sea Development Company (TRSDC), has raised a 14.12 billion-riyal ($3.77 billion) ‘green’ loan from four Saudi banks for 16 new hotels, Chief […]
Carbon-Free Power Requires a Green Connected Grid
The sharing economy, from taking Uber rides to uploading our lives to the cloud, seems so 21st-century. But electricity has been all about networks since 1909. That’s when Thomas Edison’s protege Samuel Insull began tying farm towns into his nascent Chicago grid. He found that by serving different patterns of demand, shared generating stations could […]
Nocera, Inc. to co-develop 60 hectares of Green Energy Industrial Park of Taixi Township in support of Taiwan Government’s Green Energy Policy
TAIPAI, Taiwan and ATLANTA, Nocera Inc. (OTCMKTS: NCRA) An engineering, procurement, construction (“EPC)” company focused on providing solutions to the aquaculture industry announced today that Nocera Taiwan has signed an agreement with Linshan Trading Co., Ltd., to cooperate and develop with the Yunlin County Government and J&V Energy Technology Co., Ltd 60 hectares of land […]
With green energy, Japanese governor wants to take Fukushima out of nuclear shadow
The March 11, 2011 earthquake and tsunami ravaged northeast Japan and crippled the Dai-ichi nuclear plant. It also triggered widespread opposition to nuclear power, complicating energy policy for resource-poor Japan NAMIE, Japan: A decade after Japan’s devastating nuclear meltdown, the governor of Fukushima hopes the prefecture can step out of the shadow of disaster and […]
Africa Boarding On Adopts Green Pathways for Economic Growth
Globally, people have well understood that climatic conditions differ from day to day, season to season. Metrological evidences suggest that natural climate variability has been changing from time to time. Over and above the natural climatic variations observed on decades and century have been affecting not only peoples’ livelihoods but also the environment as well. […]