BRUSSELS, BELGIUM: The European Union (EU) announced today it is preparing to support the Association of Southeast Asian Nations’ (ASEAN) Catalytic Green Finance Facility (ACGF) with €50 million ($54.9 million) to help governments prepare and catalyze public and private financing for climate-friendly infrastructure projects across Southeast Asia. Launched in April 2019 and managed by the […]
Pestech International Bhd, which is engaged in the provision of electrical power facilities, is expanding its business in Cambodia by acquiring a 94% stake in a Cambodian company. In a filing today, the group said its unit Astoria Solar Farm Sdn Bhd (ASF) is investing US$4 million (about RM16 million) to acquire from two individuals, […]
Thai firm B. Grimm Power has extended its interest in PV in Southeast Asia by investing in a 30MW solar project to be set up in Cambodia. The ground-mount system is slated for development in Serie Saophoan, Banteay Meanchey Province. Company subsidiary B.Grimm Solar Power entered into a share purchase agreement to acquire all […]
When it comes to quick, clean and scalable solutions to Cambodia’s energy dreams, a recent surge in investment in solar power is promising a pathway to prosperity. Cambodia has more to fear than most nations from the impending climate crisis. A 2015 United Nations report predicted that Cambodia would be the world’s ninth-most vulnerable nation […]
SINGAPORE: The Asian Development Bank (ADB) and Singapore’s Infrastructure Asia today signed a cooperation agreement to help governments in Southeast Asia adopt innovative and green finance approaches to identify and develop bankable and sustainable infrastructure projects in the region, where the annual infrastructure investment needs total $210 billion until 2030. The agreement was signed during […]
SolarHome offers solar lighting system at a low-cost 24-month subscription plan, with an initial US$10 down payment SolarHome, a Singapore-based company that brings pay-as-you-go solar solutions into off-grid households in Southeast Asia, announced today it has secured US$1 million in convertible note offering from impact VC firm Insitor Impact Asia Fund. This comes less than […]