South Korean steelmaker POSCO [005490:KS] raised USD1.3bn by issuing convertible green bonds with a five-year maturity and zero-coupon rate on August 13, according to The Korea Economic Daily reported on August 15. This was the largest convertible bond released by South Korean companies, with JPMorgan...
BHP [BHP:US] unveiled that the group would sell its whole oil and gas business to Australian company Woodside Petroleum [WPL:AU], valued at about AUD20bn (USD14.7bn), as reported by Bloomberg on August 16. Woodside would issue new shares to BHP’s shareholders for acquiring the latter’s oil...
Indian Prime Minister Narendra Modi on August 15 announced the target of achieving self-reliance in energy by 2047 and the formal launch of the National Hydrogen Mission, according to The Economics Times on the same day. The implementation plan includes increasing the proportion of natural...
Foxconn [2354:TT] announced on August 12 its plans to construct electric vehicle (EV) factories in the US and Thailand in 2022 and start mass production in 2023, as reported by Nikkei on the same day. The firm’s chairman Liu Young-way said at the shareholders’ meeting...
The Japanese government would design a new indicator combining the country’s development in its gross domestic product (GDP) and its progress in greenhouse gas emissions (GHG) reduction, according to Reuters on August 12. With the decline in the country’s GHG emissions in recent years, the...
China’s leading battery manufacturer CATL [300750:CH] announced a private placement plan on August 12, aiming to raise up to RMB58.2bn to expand its battery production capacity, as reported by Caixin on August 13. CATL planned to issue at most 233m shares, equivalent to 10% of...
The Central Committee of the Communist Party of China (CPC) and State Council on August 11 jointly released an implementation outline for the government’s development under the rule of law for the next five years, as reported by Caixin the next day. The outline underscored...
Australian renewable energy developer Syncline Energy announced its plan for a battery storage project called Melton Renewable Energy Hub in Victoria, with a planned capacity of 600 megawatts (MW), or 2,400 megawatt-hours (MWh), and a duration of four hours, as reported by Renew Economy on...
Indian renewable energy company ReNew Power signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for the first round-the-clock (RTC) renewable power supply project in the country, according to a report from PV Tech on August 9. The project would have...
HSBC [HSBC:US] has introduced a new ESG-themed structured note for its private banking clients in Hong Kong and Singapore, as reported by The Asset on August 6. The note is linked to a basket of equity securities listed in Europe, Hong Kong, and Singapore, all...
Standard Chartered [STAN:LN], one of Hong Kong’s three note-issuing banks, planned to open a specialized branch this year for green banking services, according to South China Morning Post on August 9. According to the bank’s Hong Kong Chief Executive, the branch will be completely paperless...
China’s state media Xinhua News Agency released an article on the risks of e-cigarettes on August 4, sending Chinese e-vapor stocks falling on the following day, as reported by Caixin on August 5. The article pointed out that many e-cigarette manufacturers and retailers continued to...
AC Energy [ACEN:PM] (ACEN), an energy provider in the Philippines, stated on August 5 that it would unit with asset manager NEFIN Holding to set up a 50-50 rooftop solar joint venture (JV) through its subsidiary AC Renewables International (ACRI), according to Renewables Now on...
Japanese solar developer Pacifico Energy stated that it began the construction of a 121-megawatt (MW) solar project on August 3, according to PVTech on the same day. Considering the least impact on the environment, the plant is located on an abandoned golf course in Hyogo...
South Korean carmaker Hyundai Motor [005380:KS] announced on August 5 that it would invest in H2 Mobility, a hydrogen fueling infrastructure developer based in Germany, in support of its hydrogen fuel cell vehicles (FCV), according to Reuters on the same day. H2 Mobility currently has...
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