Bank Islam aims to boost green financing by RM800m
BANK Islam Malaysia Bhd aims to expand its green financing book by another RM800 million this year, as the country’s largest Islamic bank is set to increase the segment’s revenue contribution to 20% by 2021 from 14% presently. CEO Mohd Muazzam Mohamed said the bank is ready to be at the forefront of green financing […]
Ditrolic Solar and UOB Malaysia sign agreement to help Malaysian companies adopt renewable energy
Ditrolic Sdn Bhd (Ditrolic Solar), one of Malaysia’s largest commercial and industrial rooftop solar panel providers, has signed an agreement with United Overseas Bank (Malaysia) Bhd (UOB Malaysia) to provide installation and management services of solar power systems for the Bank’s corporate clients. The collaboration marks the fourth tie-up between UOB Malaysia and a leading […]
Vietnam: Corporate Direct Renewable Energy Deals In Vietnam Move Closer
Corporate renewable power purchase deals are a step closer to reality in Vietnam following a proposal from the Ministry of Industry and Trade (MOIT) recommending the Prime Minister approve a so-called DPPA pilot project this year. In Proposal 544 dated 21 Jan 2020, the MOIT gave its formal recommendation to the PM to approve a […]
Malaysia’s banks are bucking global finance decarbonisation trend by funding coal, study finds
Maybank, CIMB and RHB Bank have provided almost US$5 billion in loans and bonds for new coal projects over the last decade. And unlike international and Singaporean banks, Malaysia’s banks show no signs of going cold on the climate-changing fossil fuel, the study claims. Malaysia’s major banks are bucking a global trend towards the decarbonisation of […]
Singapore’s clean energy firm Sunseap raises $72m from Thailand’s Banpu Group
Singapore-based renewable energy solutions Sunseap Group on Friday announced it has raised S$100 million ($71.8 million) from Thailand’s listed energy company Banpu Group to support its regional expansion. The latest financing forms the fourth tranche of the firm’s Series D round. In January, the company had secured S$50 million ($36.8 million) from Singapore’s state investor […]
ADB, European Union, and ASEAN Countries Partner to Boost Green Infrastructure
The European Union (EU) announced today it is preparing to support the Association of Southeast Asian Nations’ (ASEAN) Catalytic Green Finance Facility (ACGF) with €50 million ($54.9 million) to help governments prepare and catalyze public and private financing for climate-friendly infrastructure projects across Southeast Asia. Launched in April 2019 and managed by the Asian Development […]
European Union to invest in ASEAN green-infrastructure fund
THE European Union (EU) is planning to invest in a program to develop green infrastructure in the Association of Southeast Asian Nations (ASEAN), known as the ASEAN Catalytic Green Finance Facility (ACGF), committing 50 million euros, the Asian Development Bank (ADB) said. The ADB said in a statement that the EU will make the investment […]
Deputy PM hosts investors interested in LNG power development in Vietnam
NDO/VNA – Deputy Prime Minister Trinh Dinh Dung on February 11 received a group of investors from the US and the Republic of Korea who are interested in liquefied natural gas (LNG) power development in Vietnam. At the reception in Hanoi, the Deputy PM acknowledged the serious intention of the investors, and affirmed that the […]
