Today, Australian blockchain firm Power Ledger announced a partnership with Thai Digital Energy Development (TDED) to develop the country’s trading infrastructure for energy and environmental commodities. Power Ledger previously ran trials of its platform in Thailand with state controlled renewable energy company BPCG. The TDED is a joint venture between BPCG and the Provincial Electricity […]
ADB Finances First Wind Power and Battery Storage Project in Thailand
BANGKOK, THAILAND: The Asian Development Bank (ADB) has signed a THB235.55 million ($7.2 million equivalent) loan with Lomligor Company Limited (Lomligor), a subsidiary of BCPG Public Company Limited (BCPG), to finance a 10-megawatt (MW) wind power plant in southern Thailand. The project utilizes an integrated 1.88-megawatt-hour (MWh) pilot battery energy storage system to increase […]
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 […]
Thailand charges towards an electric car future, with a few speed bumps
Thailand has the biggest automotive industry in Southeast Asia and the 12th largest in the world. Most of those coming out of Thai factories, well just about all really, are standard internal combustion engines with a few ‘hybrid’ models sprinkled in there as well. The hybrids include electric motors and charging systems which saves fuel […]
Mercedes-Benz Cars starts production of plug-in hybrid-batteries in Thailand
The company invested more than €100 million in the battery production and a plant expansion Mercedes-Benz Cars production network has put the third production facility into operation: A factory for plug-in hybrid batteries has been opened in the Bangkok region in Thailand. Together with the local partners Thonburi Automotive Assembly Plant (TAAP) and Thonburi Energy […]
ADB Invests 3 Billion Thai Baht in Energy Absolute’s Green Bond for Wind Farm Development
BANGKOK, THAILAND: The Asian Development Bank (ADB) will invest 3 billion Thai baht ($98.7 million) in Energy Absolute’s maiden green bond issuance, proceeds from which will help support the long-term financing of the company’s 260-megawatt (MW) Hanuman wind farm in Thailand. The investment will contribute to Thailand’s renewable energy objectives and its ongoing efforts to […]
ADB, Infrastructure Asia Sign Agreement to Promote Innovative and Green Finance for Sustainable Infrastructure in Southeast Asia
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 […]
Thailand Aims to Be Southeast Asia’s Power-Trading Middleman
Thailand is jump starting a decades-old plan to create a Southeast Asia electricity super-grid, and wants to be the power-trading hub at the center of it. The nation is set to triple the amount of electricity from Laos that it resells to Malaysia, while encouraging infrastructure upgrades stretching from Cambodia to Myanmar necessary for cross-border […]
Poyry contribute to one of the biggest wind farm projects in Thailand
The 260 MW Hanuman Wind Farm Project, owned by the Energy Absolute Public Company Limited, the largest renewable energy company in the SET, has recently entered commercial operation. Composed of five sub-projects located in Chaiyaphum Province, the project is set to be one of the biggest of its kind in Thailand. International engineering consultancy company […]
Thailand approves power plan, expects capacity to reach 77 GW by 2037
Thailand currently has a power generation capacity of 40,000 megawatts, with 20,000 megawatts to go offline over time BANGKOK: Thailand’s cabinet on Tuesday approved a national energy plan that looks to add 56 gigawatts (GW) of power by 2037, a senior official said. The Power Development Plan 2018-2037 (PDP2018), which maps out the long-term energy […]