In Short : TotalEnergies and Masdar have signed a $2.2 billion 50:50 joint venture to expand their renewable portfolio across Asia. The platform will combine solar, wind, and storage assets across nine countries, starting with 3 GW operational capacity and 6 GW in development, targeting large-scale growth by 2030. In Detail : TotalEnergies and Masdar […]
ADB Launches High-Level Advisory Group at Davos to Drive Private Sector Development in Asia and the Pacific – EQ
In Short : The Asian Development Bank has launched a High-Level Advisory Group at the World Economic Forum in Davos to strengthen private sector engagement in Asia and the Pacific. Comprising global business and financial leaders, the group will advise ADB on mobilizing private capital, reducing investment risks, and scaling sustainable development projects across emerging […]
Asia and the Pacific Needs Grid Upgrade to Drive Energy Transition, says ADB Report – EQ
In Short : The Asian Development Bank (ADB) stresses that Asia and the Pacific must urgently upgrade power grids to drive the energy transition. Aging infrastructure hampers renewable integration and energy security. ADB supports regional initiatives like the ASEAN Power Grid and funds policy reforms. Without major investments, the region risks missing climate goals and […]
Long popular in Asia, floating solar catches on in US – EQ Mag
When Joe Seaman-Graves, the city planner for the working class town of Cohoes, New York, Googled the term “floating solar,” he didn’t even know it was a thing. What he did know is that his tiny town needed an affordable way to get electricity and had no extra land. But looking at a map, one […]
Investing in a net-zero economy: Scaling blended finance – EQ Mag
The scale of financing required for the transition to net zero is immense and the current financial gap substantial, making it vital to rapidly increase blended finance. McKinsey’s Bharath Sattanathan speaks to Gillian Tan, chief sustainability officer at the Monetary Authority of Singapore, about solutions to the financing challenge, particularly in Asia. She reports on […]
Asia set to use half of world’s electricity by 2025, new report says – EQ Mag
BERLIN : Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International Energy Agency. Much of Asia’s electricity use will be in China, a nation of […]
New ADB Program to Accelerate Development of Climate Projects in Southeast Asia – EQ Mag Pro
SHARM EL-SHEIKH, EGYPT : The Asian Development Bank (ADB) has approved a $15 million technical assistance program, supported by ADB’s own funds and the Green Climate Fund (GCF), to develop projects that promote climate change adaptation and mitigation in Southeast Asia. The new program, which was announced at COP27 in Sharm El Sheikh, will help […]
AIIB and GEAPP enter $1 billion investment partnership to fund the energy transition in Asia and beyond – EQ Mag Pro
Sharm El-Sheik, Egypt : Today at COP27, the Asian Infrastructure Investment Bank (AIIB) and the Global Energy Alliance for People and Planet (GEAPP) announced a historic collaboration and strategic investment partnership mobilizing up to USD1 billion for the financing of green energy transition and renewable energy projects, in both the public and private sectors. The […]
Getting to net-zero in Asia: No returns on a dead planet
Steve Howard, chief sustainability officer of Temasek, shares why stakeholders urgently need to go all in with a net-zero transition plan. McKinsey talked to Dr. Steve Howard, chief sustainability officer at Temasek. The conversation explored the ways in which investors can help corporates transition to green, and how investing in transitioning infrastructure can contribute to […]
KKR Launches Renewables Platform Aster Renewable Energy in Asia – EQ Mag Pro
Aster will be led by Chen Wei, an Industry Veteran with over Two Decades of Renewables Experience Solar, Wind and Energy Storage Opportunities in Taiwan and Vietnam are Immediate Focus Areas First solar photovoltaic project in Taiwan under commercial operations SINGAPORE : Global investment firm KKR today announced the launch of Aster Renewable Energy (“Aster”), […]