Petronas venture-cap arm invests in solar energy start-up
KUALA LUMPUR (July 3): Petronas Ventures, the corporate venture capital arm of Petroliam Nasional Bhd (Petronas), recently invested in solar photovoltaic (PV) system start-up SOLS Energy Sdn Bhd, according to a statement today.
Myanmar LNG projects overcome pandemic and sceptics
China and Hong Kong-led consortium has started operating first of three planned facilities as Yangon targets nationwide electrification. A Chinese-backed LNG-to-power project that recently started generating electricity for the largest city in Myanmar underlines rising Chinese involvement in the Southeast Asian country’s growing gas and power sectors.
METI minister signals a major shift for Japan away from coal and toward renewables
The government vowed Friday to study concrete ways of phasing out older, dirtier coal-fired power stations by 2030 following reports it plans to mothball around 100 of the aging plants. The world’s third-largest economy has come under fire for continuing to build the carbon-emitting plants at home, as well as financing projects to build them abroad, […]
AC Energy increases green bonds offering to reach $470 million
AYALA-LED AC Energy, Inc. (AC Energy) upsized its senior green bonds offering under its $1-billion medium-term note program by $60 million, expecting it to boost its clean energy investments amid a grueling business environment. In a stock exchange disclosure on Thursday, parent Ayala Corp. said the latest five-year bonds with a coupon of 4.75% annually, which […]
Modernise market and realise greater intra-regional trade, Asean told
KUALA LUMPUR (July 3): The Covid-19 crisis is a reminder for Asean member states to modernise their economy and fully realise the potential of the intra-Asean market, said Asean secretary-general Datuk Lim Jock Hoi. “It is quite evident that we need this in order to reinvigorate our economic growth” said Lim in a webinar organised by […]
The rise of green loans
GREEN financing is expected to gain further traction as investors look for financial instruments which could lead to positive social outcomes, experts observed. RAM Sustainability Sdn Bhd head of sustainability services Gladys Chua said the Malaysian green bond/sukuk market started expanding from 2017 onwards following the first green sukuk issuance by Tadau Energy Sdn Bhd for […]
‘It sends a negative message’: Hydropower players lament PLN power cap in Sumatra
Hydropower plants developers have expressed their concerns over the decision of state-owned PLN, their plants’ offtaker, to place a cap on power production amid weak electricity demand in Sumatra, saying it might deter investments.
Cabinet accepts B200bn in energy schemes
The cabinet on Tuesday acknowledged the Energy Ministry’s plan to accelerate investment in energy projects worth more than 200 billion baht, starting later this year, in a collective move to help reboot the economy. According to Rachada Dhnadirek, deputy government spokeswoman, the Energy Ministry has pledged to rev up spending on large-scale energy projects and renewable […]
