AsiaElec - Asia Power
World needs immediate and massive deployment of green tech to fight climate change
China's CDIL and CMEC have announced that they have entered into a development agreement for the engineering, procurement, construction and financing of a 1,100-MW photovoltaic project in Port Açu and additional locations in Brazil.
The Bank of the Philippine Islands (BPI), owned by the giant Ayala conglomerate, has announced plans to half its financing for coal power-fired plants in the next five years.
Total has signed an agreement with Germany-based wpd to acquire a 23% stake in Yunlin Holding, which owns the 640-MW Yunlin offshore wind farm, located off the coast of Taiwan.
The Asian Development Bank (ADB) has announced plans to phase out funding for upstream projects while also introducing conditions on fossil fuel investments in general.