AsiaElec - Asia Power
EBRD, Chinese funding pushes Kazakh wind farm forward
The European Bank for Reconstruction and Development (EBRD) is to provide $24.8mn in project financing for Kazakhstan’s 100-MW Zhanatas wind project, the largest yet to be proposed for the Central Asian country.
Fortescue Metals sets 235-GW green target
Iron ore miner Fortescue Metals is to build 235 GW of wind and solar capacity to become a major producer of green electricity and hydrogen that would rival the country’s biggest oil suppliers in terms of energy produced.
Scottish Widows to divest from thermal coal and tar sands
UK pensions investor Scottish Widows is to divest at least GBP440mn ($528mn) from companies that maintain their exposure to coal and weapons, among other factors, as it positions itself as an ethical investor.
Marubeni confirms exit for SA’s Thabametsi project
Japan’s Marubeni Corp. has confirmed it will not fund the Thabametsi coal-fired power plant in South Africa, following the withdrawal of some South African investors this week.
Indonesia pursues foreign upstream investment
The Indonesian government is pursuing foreign investment in the country’s upstream by touting a new exploration bid round slated for 2021.
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