Solar start-up Xurya becomes first recipient of Southeast Asian green fund
Jakarta-based solar start-up Xurya has received an undisclosed investment sum from the multimillion-dollar South East Asia Clean Energy Facility (SEACEF), becoming the fund’s first recipient since its launch in June.
Philippines Group Urges Asian Development Bank to Finance Microgrid Projects
The Asian Development Bank (ADB) should support community microgrids as part of a shift away from fossil fuels, according to an advocacy group based in the Philippines.
Group calls on ADB to stop funding coal energy projects
A pro-environment group has called on the Asian Development Bank (ADB) to stop funding coal energy-based projects ahead of a virtual meeting hosted by the country, claiming that it is a primary driver for pollution in Asia.
Vietnam’s energy sector a magnet for foreign investors
National electricity demand is expected to increase by 8.5 percent a year until 2025 and 7 percent until 2030, making Vietnam an attractive market for foreign energy investors.
DOE courting Chinese investors in energy projects
The Department of Energy (DOE) is knocking anew on the doors of Chinese investors for prospective capital that they can funnel into various energy projects that the country is offering.
SP Group invests in software firm to explore smart EV charging
SINGAPORE’S national utility SP Group on Thursday said it has invested an undisclosed amount in The Mobility House (TMH) to explore smart charging and vehicle-to-grid feasibility in Singapore. Founded in 2009, TMH is a tech company that provides a non-proprietary software for integrating vehicle batteries into power grids using intelligent charging and storage solutions. It operates […]
UK-ASEAN trade reboot highlights cooperation, digital solutions, sustainability
It is a sign of the times that during the coronavirus pandemic countries are forging new diplomatic partnerships and reshaping existing relationships. The latest example is the UK and ASEAN, whose trading links are well established but are now set for a reboot. Last month, UK Secretary of State for International Trade Liz Truss met with […]
TNB to see rebound in 2H20 on strong regulated earnings
TENAGA Nasional Bhd’s (TNB) earnings are expected to rebound in the second half of 2020 (2H20), after the utility group posted a 41.5% drop in second-quarter (2Q) net profit due to higher tax expenses and weaker electricity sales. TNB recorded a net profit of RM653.3 million in the 2Q ended June 30, 2020 (2QFY20), versus RM1.12 […]
