Global solar photovoltaic (PV) demand is forecast to hit another annual record of 113 gigawatts in 2018. China will again dominate global PV demand comprising almost half of the total market. "Demand in China will once again shape the global PV market," said Edurne Zoco, research and analysis director for...
India in Top 4 of 40 Countries for Renewable Energy
On Ernst & Young's 2018 Renewable Energy Country Attractiveness Index (RECAI), China tops the list of forty countries, followed by the U.S., Germany, India. India’s 2022 solar power target seems over-ambitious in response to the threat of a 70% tariff on imported solar panels and low power bids. In January,...
Blackstone Raises $9 Billion in 2 Asia Funds
Joining peers such as KKR & Co., and The Carlyle Group, New York-based asset manager Blackstone Group LP raised $9.4 billion in two Asia-focused funds. The company hit the final close on its first Asian private equity fund at $2.3 billion, and its second regional real estate fund at $7.1...
Nexteer Automotive to Set Up Software Center in India
Auburn Hills, MI headquartered Nexteer Automotive announced its intention to open a Software Center in India. This Center will be the latest addition to the company’s global software team that operates under one digital roof with locations in Saginaw, U.S.; Tychy, Poland; and Suzhou, China. The Center will focus on...
KKR, TPG Bid for India's Fortis Healthcare
On April 18, I had blogged about San Francisco, CA-headquartered TPG Capital-backed Manipal Hospitals acquiring Fortis Healthcare's hospital assets. However, Fortis' shareholders objected to the acquisition, since the deal on behalf of Fortis hospitals had been approved by a board of directors elected during the ownership of Fortis' previous management who...
Huawei, Xiaomi Encourage Their Suppliers to Invest in India
China’s Huawei is encouraging its global suppliers to invest in India in order to build a mobile phone components ecosystem as the company aims to manufacture 90% of its phones in the country by the end of this year, Peter Zhai, president, Huawei India Consumer Business Group, said. "Since we...