Mumbai (Maharashtra) [India]: Leading electricals brand Polycab India Ltd (PIL) said on Saturday it has signed an agreement with Trafigura Pte Ltd of Singapore to acquire 50 per cent stake in Ryker Base, thereby terminating the existing joint venture (JV). PIL had entered into a 50:50 joint venture with Trafigura in 2016 to incorporate […]
CapitaLand secures S$400 million in green loans to enhance its global portfolio by 2030
• LogisTech is Singapore’s first ‘Super Low Energy’ certified logistics building • CapitaLand corporate offices in Singapore to adopt 100% renewable energy by end 2020 Singapore: CapitaLand has secured a total of S$400 million in two bilateral green loans to catalyse greening of the Group’s global portfolio by 2030. The S$150 million four-year green loan is […]
ADB, European Union, and ASEAN Countries Partner to Boost Green Infrastructure
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 […]
Singapore firm Vena Energy to build 100 MW solar battery in Queensland
SINGAPORE-BASED Vena Energy will build a 100 megawatt (MW) solar battery in Queensland, Australia, for Australian energy retailer AGL, it said on Wednesday. The project will cost A$120 million (S$110.1 million). The battery will have an initial capacity of 100 megawatts (MW) and store 150 MW hours of energy, which could power up to […]
Singapore’s climate change plan needs more ambition
The island nation is looking to update its climate pledge under the Paris Agreement. A bold pledge is necessary to reduce greenhouse gas emissions. Each person in Singapore produces more greenhouse gas emissions than their counterpart in Indonesia, China or the United Kingdom. The city-state may be responsible for just 0.11% of total global emissions, […]
Singapore to take its climate change fight to next level
It will update its 2015 climate pledge and focus on sustainable energy, says Masagos Singapore has indicated that it will do more to cut down its greenhouse gas emissions. The Republic will update its climate pledge to guide its policies over the longer term, said Minister for the Environment and Water Resources Masagos Zulkifli. Already, […]
Maxeon Aims to ‘Outgrow the Market’ After Splitting From SunPower
Separated from U.S.-based SunPower, Maxeon may have a freer hand to seek its lowest-cost manufacturing options in China. Last week, the solar industry met Maxeon Solar Technologies, a spinoff that will pull SunPower’s global solar panel manufacturing and sales into a new company based in Singapore. Expected to close next year, the split will leave […]
US$2b investment boost for Singapore’s green finance push
New MAS scheme will channel funds to asset managers committed to deepening green finance activities and capabilities in Singapore SINGAPORE’s quest to become a global green finance hub just got a US$2 billion speed boost with the launch of an investment programme to support the growth of climate-friendly projects. Known as the Green Investments Programme […]
Singapore Sees Greener Future in Trading Power With Neighbors
Singapore’s state-owned power grid operator wants to build more connections to neighboring countries to tap their greater potential for renewable energy. Nations like Malaysia and Indonesia have ample spare land for solar panels and enough wind to power turbines, both things that Singapore is lacking, Wong Kim Yin, chief executive officer of SP Group, said […]
RPT-Cheaper solar power gains ground in southeast Asia
Southeast Asia is accelerating plans to harness energy from the sun in coming years as the cost of generating electricity from some solar power projects has become more affordable than gas-fired plants, officials and analysts said. The region, where power demand is expected to double by 2040, is striving to expand the share of renewable […]