AC Energy subsidiary to enter a joint venture with NEFIN to develop, construct, and operate rooftop solar projects across Asia Primary infusion of US$ 10 million investment, with commitment of further funding for pipeline projects Geographies covered include Hong Kong, Malaysia, China, and Taiwan, with potential expansion to other Australasian countries August : AC Energy […]
ADB Proposes SDG Accelerator Bonds For Green Infrastructure Projects in Southeast Asia
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has launched a new report aimed at helping developing countries tap into global capital markets to support a green, resilient, and inclusive recovery from the coronavirus disease (COVID-19) pandemic and meet the Sustainable Development Goals (SDGs). The publication, Accelerating Sustainable Development after COVID-19: The Role of SDG […]
Asia’s New Coal Plant Plans Jeopardise Climate Targets, Report Says
China, India, Indonesia, Japan and Vietnam plan to build more than 600 new coal-fired power projects, with a combined capacity of more than 300 gigawatts. LONDON : Five Asian countries are responsible for 80% of new coal power plants planned around the world, the Carbon Tracker group said on Wednesday, saying most would prove uneconomical […]
Power Arm of Thailand’s PTT Makes $635M Pivot to Asia Renewable Energy
Thailand’s state-owned oil and gas group, PTT, will invest 20 billion baht ($635 million) in renewable energy in India, China and elsewhere in Asia, as it takes steps to shift from fossil fuels to cleaner energy sources. Power plant using renewable solar energy with sunset over the Gap in the Himalayan Mountain, Kashmir, India Thailand’s […]
ABB Supplies Southeast Asia’s Largest Battery Energy Storage System
WITH the global energy storage system market expected to reach $17.9 billion by 2027, battery energy storage systems (BESS) are emerging as the strongest solution to increase grid flexibility and reliability. To help improve grid performance in the country, SMC Global Power Holdings Corp. (SMC), one of the major suppliers of power to the national […]
COVID-19 Crisis Makes Electricity Too Costly For Millions in Africa, Asia
Millions struggled to pay for essential electricity services to power lighting, fans, televisions and mobile phones as the COVID-19 crisis hit jobs and incomes in 2020, the report said. KUALA LUMPUR: The economic toll from the COVID-19 pandemic has left more than 25 million people in Africa and Asia unable to afford electricity, threatening a […]
Singapore and Sweden Can Help Each Other in Sustainable-Related Businesses
Speaking at the Sweden-Southeast Asia Business Reset Summit 2021 on 25 May, Singapore’s Trade and Industry Minister Gan Kim Yong said that Singapore and Sweden can help each other in sustainable-related businesses. The Hybrid event was the 3rd edition of the Sweden-Southeast Asia Business Summit by Team Sweden and this year the event focused on […]
RELEASE: HSBC Partners With WRI and WWF to Scale Next Generation Solutions to Climate Change
The US$100m global initiative aims to accelerate efforts to build a net zero global economy, forms part of HSBC’s climate strategy. LONDON : HSBC, in partnership with World Resources Institute (WRI) and WWF, today unveils their Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change. The partnership’s three […]
Is Finance the Biggest Hurdle in the Race to Net Zero?
RECAI 57: with COP26 on the horizon, governments and institutional investors must rise to the challenge of honoring the Paris Agreement. Governments must raise their ambition to get the world on a trajectory to limit global temperature rise to 1.5°C above pre-industrial levels. Institutional investors need clearer commitments on infrastructure spending and details of pipelines […]
How East Asia’s Diverse Markets are Fueling Renewables Development
RECAI 57: policy and capital market activity are aligning as East Asian markets attempt to address power demand growth and climate concerns. A strong outlook for power demand and growing concerns about climate change are the common themes that link many of the diverse power markets of East Asia. The region has a robust pipeline […]