Renewable energy champ EDC raises P5B from green bonds offer
After nearly a decade of absence in the debt market, the Energy Development Corp. (EDC) yesterday successfully raised P5 billion from the issuance of fixed-rate Asean (Association of Southeast Asian Nations) Green Bonds for the financing of three clean energy projects.
Risen Energy rises in Malaysia with RM42.2 billion investment
KUALA LUMPUR: The government has approved a manufacturer’s licence and incentives under the National Economic Recovery Plan (Penjana) for the design, development and manufacturing of solar cells and solar modules in Malaysia for Risen Energy Co Ltd with a total investment of RM42.2 billion.
Strong Winds to Spin Power Turbines for Vietnam, Laos
TOKYO, Japan, June 22, 2021 (ENS) – Japan’s Mitsubishi Corporation has just boosted development of what will be Southeast Asia’s largest onshore wind farm in southern Laos, by announcing a major investment in the project. Power from the wind farm will be sold to Vietnam Electricity, the state-owned electric power company under a 25 year agreement.
Oldest South-east Asia bank rides wave of green finance and tech
BANK of the Philippine Islands (BPI), South-east Asia’s oldest lender, is adapting to a global trend for green finance and digitalisation, according to its chief executive officer. The 170-year-old bank owned by conglomerate Ayala Corp is betting on a leap in renewable energy use as the technology becomes affordable and the power sector shifts to […]
PTT’s Power Arm To Invest $635 Million In Renewable Energy Across Asia
Global Power Synergy, the power unit of Thailand’s state-owned oil and gas group PTT, will invest 20 billion baht equivalent to USD 635 million, in renewable energy assets across Asia including India and China.
Japan proposes $10 bil in finance for ASEAN renewables, LNG to aid energy transition
Japan has offered ASEAN energy ministers $10 billion in public finance for renewables and LNG projects, as part of a package of measures aimed at helping the group of 10 Southeastern Asian economies accelerate their moves toward energy transition.
DBP grants P750-million credit line to boost renewable energy storage
The Development Bank of the Philippines (DBP) has granted a P750-million revolving credit line to an energy firm for the manufacture and export of cost-effective and sustainable energy storage systems for power generation activities of renewable energy companies, a top official said.
EDC starts selling green bonds
MANILA, Philippines — Lopez-led Energy Development Corp. (EDC) has started selling three- and five-year green bonds. The bonds are slated for listing on the Philippine Dealing and Exchange Corp. (PDEx) on June 25.
