Big Moves Asia Archives - Page 7 of 7

China solar unit defaults on $500 million bond amid 700% rally

February 2, 2021 | Big Moves, Big Moves Asia, Solar Power

A unit of GCL-Poly Energy Holdings Ltd. defaulted on a $500 million bond after ending an exchange offer with existing bondholders. GCL New Energy Holdings Ltd. announced the default in an exchange filing. The firm, which operates solar power plants, is majority owned by GCL-Poly, one of the world’s leading makers of solar-grade polysilicon, and whose shares have soared 700 per cent since China announced plans to be carbon neutral by 2060.

ACWA power to build wind farms in Uzbekistan

January 25, 2021 | Big Moves, Big Moves Asia, Wind Power

ACWA Power, a Saudi Arabia based power producer plans to build two wind farms and a thermal plant under a $2.5 billion public-private partnership in Uzbekistan. These are a part of the Uzbek government’s plans to build nine new electric power plants this year, including four thermal power plants and two wind farms.

Gujarat calls for proposals to set up 500 MW solar power projects

January 25, 2021 | Big Moves, Big Moves Asia, Solar Power

Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a Request for Selection (RfS) of solar developers to purchase power from 500 MW grid-connected solar photovoltaic power projects. GUVNL shall enter into a power purchase agreement with successful bidders for 25 years from the project’s scheduled commercial operation date.

Amazon to build 615 MW of solar capacity across China, Australia, and the US

May 21, 2020 | Big Moves, Big Moves America, Big Moves Asia, Big Moves Australia, News, Solar Power

Amazon has announced five new renewable energy projects in China, Australia and the US that further support Amazon’s commitment to reach 80 per cent renewable energy by 2024 and 100 per cent renewable energy by 2030 (and potentially as early as 2025), as well as to reach net zero carbon by 2040.

India awards its first round-the-clock clean energy contract for record tariff

May 9, 2020 | Big Moves, Big Moves Asia, Hybrids and Energy Storage, Solar Power, Wind Power

India’s ReNew Power has won the country’s first tender to provide continuous (24/7) green energy, bidding for an initial price of INR 2,900 per MWh. The Solar Energy Corporation of India (SECI), a central public sector undertaking, conducted e-reverse auction for the 400 MW renewable energy projects with round-the-clock supply.

Category: Big Moves Asia

China solar unit defaults on $500 million bond amid 700% rally

ACWA power to build wind farms in Uzbekistan

Gujarat calls for proposals to set up 500 MW solar power projects

Amazon to build 615 MW of solar capacity across China, Australia, and the US

India awards its first round-the-clock clean energy contract for record tariff

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