Clean Tech Investor Cheng Kin Ming Unveils Green City Advancement Plan
Yesterday, I discussed how while inevitable, the actual details of how cities will transition to 100% renewable energy are certainly lacking. Now, it looks like some of those details may be a little bit clearer.
Cheng Kin Ming, Chairman of Asia Pacific Resource Development Investment (APRD), unveiled his strategy for the transition to green cities. Min’s recent investments in solar companies are estimated to be in the ballpark of $20 billion, making him the world’s largest private investor in clean technology.
Min’s solution involves leveraging the best green technology companies to create entire supply chains, which would allow for clean tech deployment on a massive scale.
“Clean energy brings a much brighter future for mankind and mother earth. Investors and entrepreneurs should be focused on this sector,” Cheng said. “By investing in companies that together bring total solutions, we enable cities to transform the ways they grow and consume resources and we can ensure a high quality of life for us and for future generations.”
Cheng certainly has credentials in the industry. Since his 30% acquisition of Shunfeng Photovoltaic International, the company has gone from a solar developer and operator to the world’s largest full-service clean energy company, with services running from design to financing.
APRD holds ten clean energy companies, including Suntech, geothermal company Nobao Renewable Energ, and batter producer Boston Power.
Now, Cheng is investing in entire supply chains, across multiple verticals, in order to increase efficiency and reduce costs. He also believes this will help move advanced technologies to market in a more rapid fashion.
The three segments Chen is investing in are clean power generation, energy storage and management, and green solutions for consumers. All of these are regarded as essential for the transition to more renewable cities, and having them run on a single supply chain and be integrated vertically is an innovative way of moving the transition forward.
All but two UK regions failing on school energy efficiency
Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.
Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.
According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.
Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.
“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."
He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."
North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).
The Department for Education has issued 13 tips for reducing energy and water use in schools.