LYS Energy Group obtains S$14 million green loan from UOB
LYS Energy Group (LYS), the leading Singapore home-grown Solar Independent Power Producer (IPP), has received a S$14 million green loan from United Overseas Bank (UOB). The loan is issued under the UOB’s Green Infrastructure Framework as part of the Bank’s U-Solar programme, the first solar industry ecosystem in Asia to power the development and adoption […]
Equis Development to invest $4b in renewable energy in next two years
Singapore-headquartered renewable energy and waste infrastructure developer Equis Development plans to invest over $4 billion in renewable energy projects across the Asia Pacific over the next two years, a top executive told DealStreetAsia.
Kim Heng Sets Up Offshore Wind Joint Venture Company in Taiwan
Singaporean offshore services provider Kim Heng Marine & Oilfield (KHMO) has established a joint venture company with a Taiwanese company to jointly pursue offshore wind projects in Taiwan. The joint venture company, Bridgewater Marine (Taiwan) Limited, is 51 percent owned by the Taiwanese company and 49 percent owned by KHMO.
Govt should align tax incentives with a carbon-neutral economy, says NMP Anthea Ong
Nominated Member of Parliament (NMP) Anthea Ong in Parliament on Thursday (26 March) called for the government to align the tax incentives with a carbon-neutral economy in order to attract and grow more of champions to pioneer the green economic activities. During her debate on Economic Expansion Incentives Act (EEIA) Amendment Bill, Ms Ong said that […]
AC Energy completes purchase of Negros solar farms
AC Energy Philippines Inc. announced on Tuesday the completion of its acquisition of a controlling stake in solar farms in Negros Occidental province as part of efforts to ramp up its renewable energy (RE) portfolio. In a disclosure, the Ayala-led company said it had closed the transaction to buy the ownership interest of Philippine Investment […]
Energy chief flags delays in power investments due to Luzon lockdown
Energy Secretary Alfonso Cusi has flagged that the Luzon-wide enhanced community quarantine might be a downside to energy-related investments and a risk to the country’s power capacity in the long-term. The entire Luzon was placed under enhanced community quarantine at 12 a.m. on Tuesday, March 17, as ordered by President Rodrigo Duterte on Monday night, to […]
HSBC rolls out Singapore’s first green loans for SMEs
HSBC makes an industry-first move by launching the HSBC SME Green Loan, focused on assisting small and medium enterprises to produce sustainable products with their ‘green’ certifications. The green loan will be issued on a term basis at a minimum limit of $350,000, denominated in either Singapore dollars or US dollars. Applications will be subject to […]
Asia’s Central Banks Must Rise to the Challenge of Climate Change
Climate change is already a reality. The deadly bushfires in Australia, ferocious flooding in Indonesia and extended droughts in Vietnam have led to the destruction of infrastructure, investments and livelihoods. Yet across Asia, acceptance of this reality has not yet changed consumer behaviors across the region.
