TNB establishes renewable energy investment, asset management company in ESG push
KUALA LUMPUR (July 2): Tenaga Nasional Bhd (TNB) said its newly-established renewable energy (RE) investment and asset management company Vantage RE Ltd will own, operate and manage a portfolio of RE assets in the UK and Europe as part of the Malaysian government-controlled utility’s global environmental, social and governance (ESG) efforts.
Samsung urged to use 100% green energy in South Korea and Vietnam
HO CHI MINH CITY/SEOUL — Samsung must switch to using 100% renewable energy in South Korea and Vietnam — the tech conglomerate’s two biggest production bases — even as those countries plan to build more coal-fired power plants, Greenpeace said in a report on Tuesday.
French Development Agency lends 74.7 million EUR to EVN’s hydropower project
Hanoi (VNA) – The Vietnam Electricity Group (EVN) on June 29 signed a credit agreement with the French Development Agency (AFD) on a loan of 74.7 million euros (82.6 million USD) to develop the expanded Ialy hydropower plant in the Central Highland province of Gia Lai.
Mainstream to buy stake in 405MW Vietnamese solar
Mainstream Renewable Power is to acquire an 80% shareholding in Vietnamese outfit Technology and Development Joint Stock Company, which has a 405MW portfolio of solar projects in the Dak Nong province of central Vietnam.
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 […]
