March 3, 2008 (Datamonitor) – Sustainable Power has announced that Borneo Energy Sendirian Berhad, a wholly owned subsidiary of Borneo Oil and Gas, has entered into a share subscription agreement to purchase 50 million restricted shares of Sustainable Power.
The initial deposit required per the agreement has been received by Sustainable Power (SSTP). Sustainable Power also entered into a technical collaboration term sheet with Borneo Energy Sendirian Berhad (BOE). Continue reading
March 3, 2008 (The Edge Daily) – Carbon Capital Corp Sdn Bhd will launch RM150 million worth of biogas and biomass projects in Sarawak next month as part of its long-term strategy for growth.
“We will be launching four biogas projects and one 10 megawatt biomass power plant there, utilising empty fruit bunches (from oil palm).
“These are all projects which we will be investing in and developing 100%,” Carbon Capital group managing director William Kho said.
February 28, 2008 (Bangkok Post) – Thailand is developing a master plan to build the country into the world’s second largest green energy producer after Brazil. Energy Minister Poonpirom Liptapanlop said she wanted to see the country become a net exporter of green energy to tap strong global demand.
To achieve the goal, authorities plan to develop a 15-year Renewable Energy Development Plan to cover the full range of alternative energy businesses including gasohol, biodiesel, biomass, wind and solar power, she said yesterday. Continue reading
February 20, 2008 (The Star Online) – As the world’s second largest crude palm oil producer, Malaysia has great potential to reap revenue from certified emission reduction (CER), or carbon credits. According to Aseambankers, palm oil milling, which produces organic waste, create opportunities to generate CERs. It named plantation player TSH Resources Bhd as one of the beneficiaries of CERs in Malaysia.
“Thanks to its biogas power generation, the group qualifies to sell carbon credits, potentially generating an estimated 300,000 tonnes of carbon dioxide equivalent in carbon credit points per annum,” Aseambankers said in a recent report.
The research unit added that TSH had already secured annual sales of 150,000 CERs to a European buyer. Continue reading
February 16, 2008 (Jakarta Post) – The idea of introducing nuclear power to Indonesia is nothing more than a vehicle for a few needy individuals to gain public attention. Any moderately educated engineer will agree that Indonesia’s need for electricity is widely decentralized so nuclear power or large coal power plants are the ideas of people lacking technical understanding.
It should be common knowledge that “the transmission of electricity over long distance comes with huge loss.” There are very few countries in the world with better chances than Indonesia to realize enormous decentralized energy generation at low cost or even free for the country.
Indonesia has a potential 27,000 MW of geothermal sources requiring low investment of which currently only 837 MW are in use. Why? Because Pertamina, PLN and the government have not, over the past 30 years, managed to give the many waiting investors investment security. Continue reading
February 15, 2008 (Financial Express) – India’s carbon market is growing faster than even information technology, bio technology and BPO sectors as 850 projects with an investment of a whopping Rs 65,000 crore are in pipeline. The revenue from 200 projects is estimated at $2 billion till 2012, according to Prodipto Ghosh, member of the Prime Minister’s Council on Climate Change. Ghosh was speaking at the ‘Carbon Credit Conference: The way beyond CDM’ here on Friday. Continue reading
February 12, 2008 (The International News) – A household can lit a candle or an emergency light to illuminate the house, but it does not work for the industry, as it requires uninterrupted power supply. Industry is facing a production loss due to current power crisis.
Korangi Association of Trade and Industry (KATI) President Shaikh Fazal Jaleel told The News that there was 50 per cent decline in production due to power breakdowns. When asked whom he considered the biggest enemy of investors in Pakistan; the so-called terrorism or energy crises; “energy crises,” he said. Continue reading
February 11, 2008 (Moneycontrol.com) – The D. E. Shaw group, a global investment and technology development firm, has made an equity investment of $15 million in Soham Renewable Energy India Private Limited to fund its expansion plan over the next five years. Polymath Advisors of Mumbai was the exclusive advisor for the transaction. Incorporated in 2000, Soham is focused on generating power from all the segments of the renewable power sector, including hydro, solar, and wind power. The Company recently commissioned a 22 MW hydro project in the state of Karnataka to supply exclusive power to a large multinational corporation. Soham has also obtained carbon credits under the Certified Emission Reduction (CER) program for this project and has sold the credits to one of the largest power utilities in Japan.
February 11, 2008 (Bangkok Post) – To cope with high oil prices and reduce greenhouse gas emissions, Thailand must pursue four options: development of renewable energy, energy efficiency, nuclear energy and carbon capture and storage. However, renewable energy has certain limitations, and options for each country are different depending on availability of natural resources, technologies and manpower. This is why the Thai government has mainly concentrated on renewable energy based on domestic raw materials and wastes.
Financial incentives together with the provision of information to investors and consumers have proved to work wonders, for instance in the promotion of biofuels. The consumption of gasohol (E10) more than doubled in 2007. With the introduction of E20 in 2008, daily demand for ethanol should reach two million litres by 2011 when new cars capable of using E85 should be on sale.
January 7, 2008 (Renewable Energy Access) – At the beginning of each year, as the renewable energy industry looks back on its progress over the previous 12 months, the phrase “tipping point” always seems to enter the discussion. But how will we know when renewables have truly hit that tipping point?Will one quarter of the world’s electricity come from renewable resources? Will more investment go into clean energy than into the fossil energy industries? There’s no agreed upon standard for how to define a turning tide, but one thing is certain: 2007 clearly proved that there is a major change underway in how the world produces and consumes energy.
“If 2007 isn’t the tipping point, we are close to that,” says Janet Sawin, Director of the Energy and Climate Change program at the Worldwatch Institute in Washington, DC. “This has been a truly remarkable year, and we’re seeing impressive development figures worldwide.”
According to a REN21 2007 Renewables Global Status Report due out in February, there are now 237 gigawatts (GW) of electrical generation capacity from renewable resources online around the world.
When breaking that total capacity down among technologies, wind leads with 93 GW of total installed capacity; small hydro has 73 GW; biomass has 44 GW; geothermal has 10 GW; and PV has just under 8 GW of total installed capacity. While renewables still only make up around 5.5% of the world’s 4,300 GW of total electrical generation capacity, the REN21 report concludes that the industry “has clearly become mainstream” over the last decade. Continue reading
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