Solar Frontier Sells Off 2-MW Project in Japan to Mitsubishi UFJ Trust
Solar Frontier has signed a deal to sell a 2-megawatt solar power plant in Miyazaki, Japan, to a trust account managed by Mitsubishi UFJ Trust and Banking Corp.
Solar Frontier has signed a deal to sell a 2-megawatt solar power plant in Miyazaki, Japan, to a trust account managed by Mitsubishi UFJ Trust and Banking Corp.
Japan’s Idemitsu said it is planning to develop a 5-megawatt geothermal power plant in Oita
Netherlands-based Tocardo Tidal Turbines, which produces tidal and free-flow water turbines, has reached an agreement to acquire a patented subsea tidal turbine technology.
Japanese trading house Marubeni Corp. said it will develop a 37-megawatt biomass power project in Fukui prefecture.
The Indian government has approved plans by state-owned NTPC to develop 15,000 megawatts of solar capacity, according to media reports.
Mytrah, the India-based wind energy developer, has secured a US$137.5 million long-term loan to fund the development of 150 megawatts of capacity in the country.
The Japan government is planning to cut the quantum of premium tariffs for solar projects in the country by as much as 16% because the cost of producing power from the sun is lower than before.
South Korea’s Samsung SDI Co. Ltd. has signalled its intentions to move into the electric vehicle market in a major way by signing an agreement to acquire the battery pack business of Magna International, an international global automotive supplier.
Australia’s Renergi has won A$5.2 million (US$4.6 million) in government funding to set up a pilot biofuel production plant in Perth.
Philippine project developer Energy Development Corp. has restarted the first 55-megawatt unit of its Bacman geothermal power plant.
Philippine-based renewable developer Cleangreen Energy Corp. has won government approval to develop a 12-megawatt biomass project in Bataan.