January 19, 2008 (Xinhua) – China Oilfield Service Limited (2883: HK) has signed its first overseas directional geothermal well service contract with the Philippine National Oil Corporation (PNOC). Under the two-year contract, COSL will provide engineering and technological services to 34 PNOC directional geothermal wells, according to company sources.
The contract is worth millions of U.S. [...]
Archive for January, 2008
China’s COSL signs deal with Philippine National Oil Corporation
Posted in China, Clean Energy, Geothermal, Philippines on January 30, 2008 | 1 Comment »
Credit Suisse and Deutsche Bank raise US$130 million for ReneSola (SOL)
Posted in China, Clean Energy, Cleantech venture capital, Renewable Energy, Solar, U.S. on January 30, 2008 | Leave a Comment »
January 29, 2008 (MarketWatch) – ReneSola, the China manufacturer of silicon wafers for solar power cells, priced its U.S. stock offering at a discount Tuesday and the shares rose in the open market. The company debuted in the U.S. in the wake of recent weakness in alternative-energy shares.
ReneSola offered 10 million American depositary shares [...]
Letter from Shell CEO
Posted in Biodiesel, Carbon Offset, China, Clean Energy, Cleantech venture capital, Climate Change, Coal, Conservation, Diesel, EU, Emissions Reduction, Energy Efficiency, GHG, Green chemicals, Hybrid, Hydro, LNG, Legislation, Ocean/Tidal, Recycling, Renewable Energy, Solar, Traditional Energy, U.K., U.S. on January 29, 2008 | 4 Comments »
From: Jeroen van der Veer, Chief Executive
To: All Shell employees
Date: 22 January 2008 Subject: Shell Energy Scenarios
Dear Colleagues
In this letter, I’d like to share reflections about how we see the energy future, and our preferred route to meeting the world’s energy needs. Industry, governments and energy users – that is, all of [...]
Abu Dhabi to invest $15b in future energy
Posted in Clean Energy, Cleantech venture capital, Energy Efficiency, Gulf, Solar, Wind on January 28, 2008 | 1 Comment »
January 25, 2008 (Bahrain Tribune) – Masdar, Abu Dhabi’s $15 billion future-energy initiative, has made significant steps forward in its ambition to make Abu Dhabi the global centre for future energy. As a long-term strategic and financial initiative, the company aims to create an entirely new economic sector in the emirate, turning it into an [...]
Fukuda pledges $40 billion to combat climate change
Posted in Carbon Credits, Clean Energy, Cleantech venture capital, Climate Change, Emissions Reduction, Energy Efficiency, GHG, Japan, Legislation on January 28, 2008 | 1 Comment »
January, 26, 2008 (Bloomberg) – Japanese Prime Minister Yasuo Fukuda vowed to cut carbon emissions and earmark funds to help developing nations cope with global warming, in a bid to take a leading role in combating climate change. Over the next five years, Japan will spend $30 billion on new environmental technology at home [...]
S. Africa Declares Electricity Emergency
Posted in Conservation, Energy Efficiency, Legislation, Oil on January 25, 2008 | Leave a Comment »
January 25, 2008 (AP) – South Africa will ration electricity, increase prices and encourage a switch to solar energy, all part of emergency measures now being undertaken amid power outages that have caused chaos and misery nationwide and threatened to choke economic growth.
Neighbors like Botswana and Namibia, which rely heavily on South African energy exports, [...]
Failed policies knock biodiesel production by 85% (Indonesia)
Posted in Biodiesel, Biofuels, Clean Energy, Indonesia on January 24, 2008 | 1 Comment »
January 24, 2008 (The Jakarta Post) – Biodiesel producers announced earlier this week that their total production has dropped by 85 percent since December. The producers blamed the drop on “inconsistent policy making” by the government, particularly the fact that Pertamina’s total spending on biodiesel had not been defined as an expense item eligible for [...]
Rethinking biofuels in the Philippines
Posted in Biodiesel, Biofuels, Clean Energy, Cleantech venture capital, Crude Palm Oil, Diesel, Ethanol, Legislation, Philippines, Transportation on January 24, 2008 | 1 Comment »
January 23, 2008 (Inquirer.net) – The hottest debate in town involves something vital to motorists: fuel. Sen. Miriam Defensor-Santiago, who ironically enough authored the Biofuels Act of 2007, wants to apply the brakes on its implementation, citing the recent warning of 1998 Nobel laureate for chemistry Dr. Hartmut Michel that our government’s biofuels program could [...]
An Oil Giant’s Green Dream
Posted in Clean Energy, Cleantech venture capital, Climate Change, Gulf, Solar on January 23, 2008 | Leave a Comment »
January 21, 2008 (Time) – If you filled your tank with gasoline today, or warmed your home with natural gas, there’s a decent chance you sent some money to Abu Dhabi. The capital of the United Arab Emirates (UAE) is blessed with fossil fuels, including the fourth-biggest reserves of oil in the world. Selling that [...]
Chinese solar firm eyes $250 million IPO
Posted in China, Cleantech venture capital, Solar on January 23, 2008 | Leave a Comment »
January 22, 2008 (Reuters) – Chinese solar equipment maker Qiangsheng Photovoltaic Technology plans to raise about $250 million in a Nasdaq stock market listing to fund its breakneck pace of expansion, the latest debut there by a Chinese renewable energy firm. The fledgling firm, one of the first to make cells and panels using emerging [...]
