MANILA, PHILIPPINES : The Asian Development Bank (ADB) has signed an equity investment of up to $30 million in Growtheum Capital Partners SEA Fund I LP (GCP SEA Fund I, the fund) to provide equity capital to socially responsible, middle-market Southeast Asian companies poised for growth in the financial services, health care, education, digital services, […]
Southeast Asia Green Recovery Can Create More Than 30 Million Jobs by 2030
MANILA, PHILIPPINES : A green recovery from the COVID-19 pandemic in Southeast Asia has the potential to create $172 billion in investment opportunities annually and generate more than 30 million jobs by 2030, according to a new Asian Development Bank (ADB) report. Implementing a Green Recovery in Southeast Asia considers how green growth can help […]
$134 Million UK Fund to Help Catalyze Green Financing in Southeast Asia – EQ Mag Pro
MANILA, PHILIPPINES : The Asian Development Bank (ADB) and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million (around $134 million) trust fund to support efforts by Association of Southeast Asian Nations (ASEAN) countries to scale up green financing and shift to low-emission, climate-resilient development. The […]
U.S. to consider tariffs on solar panels made in Southeast Asia – EQ Mag Pro
U.S. trade officials on Monday said they will launch an investigation that could result in tariffs on solar panels imported from four Southeast Asian nations, a blow to clean energy project developers that rely on cheap imports to keep costs down. The Commerce Department’s decision regarding imports from Malaysia, Thailand, Vietnam and Cambodia was a […]
SunSource Energy Secures Project Financing from SunFunder to Expand its Portfolio in Southeast Asia – EQ Mag Pro
The investment is SunFunder’s first transaction in Southeast Asia and will support SunSource Energy’s growth across the region towards developing and operating solar projects for commercial and industrial clients. Delhi NCR: SunSource Energy, a leading provider of solar- based energy solutions to commercial & industrial (C&I) customers, has entered into a Project Financing agreement with […]
Sungrow and Super Energy Work on the Largest BESS Project in Southeast Asia
BANGKOK : Sungrow, the global leading inverter solution supplier for renewables, cooperated with Super Energy, the leading renewable energy provider in South East Asia to build Southeast Asian largest battery energy storage system (BESS) project. Sungrow will supply the comprehensive PV plus BESS solution, comprising of 49 MW PV inverter solutions and 49 MW/136.24 MWh […]
Sungrow and Super Energy Work on the Largest BESS Project in Southeast Asia – EQ Mag Pro
BANGKOK : Sungrow, the global leading inverter solution supplier for renewables, cooperated with Super Energy, the leading renewable energy provider in South East Asia to build Southeast Asian largest battery energy storage system (BESS) project. Sungrow will supply the comprehensive PV plus BESS solution, comprising of 49.01 MW PV inverter solutions and 45 MW/136.24 MWh […]
Australian company plans $22bn scheme to bring solar power to Southeast Asia – EQ Mag Pro
Singapore may be drawing up to 15% of its electricity from solar power generated in Australia by 2027, if a scheme by renewables specialist Sun Cable comes to fruition. The company aims to build vast solar farms in Northern Australia, which it describes as “one of the most reliably sunny places on Earth”. This power […]
Bloomberg Philanthropies and Goldman Sachs Deploy $25 Million to Advance Clean Energy Solutions in South and Southeast Asia – EQ Mag Pro
NEW YORK, NY : Today, Bloomberg Philanthropies and Goldman Sachs announced the launch of the Climate Innovation Fund to support sustainable low-carbon economic development with a focus on South and Southeast Asia to increase the pace, scale, and ambition of climate solutions and contribute to the clean energy transition. The Fund’s initial US$25 million in […]
When the Wind Drops And the Sun Goes Down: How Can Southeast Asia Handle Fluctuating Clean Power Supply?
While solar and wind help countries meet energy security and environmental objectives, their variable nature poses challenges to electricity grids that require utilities to rethink operations. A technician cycles past the 73-megawatt Lopburi Solar Farm in Thailand’s Lopburi Province. Because solar power generation can be disrupted by cloud cover, it poses challenges to electricity grids. […]