AC Energy approves financing for P10 billion renewable projects

In a disclosure to the Philippine Stock Exchange yesterday, AC Energy Philippines said its board approved to fully finance the construction of a solar plant project to be built in Arayat and Mexico, Pampanga worth P3.33 billion through a secured loan.

More Singapore workers to be recruited for solar industry

SINGAPORE – A solar industry recruitment drive on Thursday (Dec 17) saw more than 200 residents sign up for jobs, with agencies here announcing plans to build skills and experience for Singaporeans to manage solar projects in its entire cycle, from installation to maintenance.

Tesla Approach Indonesia for Possible Battery Investment

Coordinating Minister for Maritime Affairs and Investments Luhut Binsar Pandjaitan announced on Thursday, December 17, 2020, that US electric vehicle manufacturer Tesla will make a visit to Indonesia early next year to discuss possibilities of an investment deal.

Asean Energy Profile and The Role of Indonesia

In developing countries, energy use from industry rises proportionally to gross domestic product (GDP), according to the 2017 report from the International Energy Agency or IEA. Between 2000 and 2015, Indonesia transitioned from agriculture to industry. The industry sector contributes around 39 percent of Indonesia’s GDP, and the annual energy consumption growth rate in this sector is projected to be 0.54 percent. The largest sub-sectors in Indonesia that contribute to the overall GDP are machinery and transportation equipment. It quadrupled between 2000 and 2016, increasing its share to overall industrial and service sector GDP from 8 percent in 2000 to 12 percent in 2016, the report showed.

Electricity demand dips, renewable energy gains momentum

KUALA LUMPUR: The fallout from Covid-19 has a significant impact on electricity consumption trends in Malaysia and elsewhere as movement restrictions to stop the spread of the virus have led to sudden change of socioeconomic habits such as commuting, working and playing.