According to a recently published report by GBI Research*, the Asia-Pacific region’s cumulative installed capacity from renewable energy sources (excluding hydropwer) is expected to reach 535.2 GW (535,200 MW) by 2020. Of course, the rapid economic growth of several countries in this region is a key factor stimulating this projected … [continued]
The southern Indian state Tamil Nadu has put out calls on 1 gigawatt (GW) of new solar capacity in 2013, as part of the state’s goal of reaching 3 GW by 2015. The local government plans to reach its goal from Renewable Energy Certificates (REC), rooftop installations, and utility style … [continued]
There are signs that there’s healthy demand on the part of retail and professional private sector investors, particularly in Japan, in helping finance the transition to clean, renewable energy. Through Nomura International, the Asian Development Bank last week sold a second, $339 issue of Clean Energy bonds in various foreign currencies to Japanese retail investors.
South Korea announced it will build the world’s largest offshore wind farm, a multi-billion dollar, 2.5 GW wind farm that will go up in three phases off the country’s southwest coast. A consortium of eight South Korean companies led by Korea Electric Power will carry out the project as the country’s industrial companies increasingly look at wind and renewable power as economic growth engines.
