Constant Energy completes fund raising for Southeast Asian renewable IPP platform
Constant Energy announced today that funds advised by Olympus Capital Asia are partnering with them to create a new larger renewable energy assets platform that will pursue opportunities in the attractive, rapidly expanding commercial and industrial (C&I) renewable and storage market in Southeast Asia. Olympus Capital Asia’ investment will be made through Asia Environmental Partners […]
Solar energy firm Sunseap snags $50m funding from Temasek, ABC World Asia
SINGAPORE – Sunseap Group has secured a total of $50 million from ABC World Asia, an Asia-focused impact investing private equity fund based here, and state investment company Temasek Holdings for solar projects in Singapore and other parts of Asia. ABC World Asia’s managing director Tan Shao Ming will also join Sunseap’s board of directors. […]
Govt likely to offer OGDC stake to Malaysia
ISLAMABAD: Pakistan is likely to offer Malaysia a possible seven percent stake in Oil and Gas Development Company Ltd (OGDCL), as the two countries will focus on boosting trade links during Prime Minister Imran Khan’s scheduled visit to the south east Asian country next week, official sources said on Monday. The government has also invited […]
World Bank Issues Its First ‘Green Loan’ to Vietnam
A division of the World Bank has just made its first so-called “green loan” to a bank in Vietnam, meant for businesses to help with environmental problems in a nation that has one of the world’s highest emissions rates relative to its economy. Vietnam has a fast growing economy but also has a fast growing […]
New $212m financing for climate-friendly projects in Vietnam
The funding from IFC will enable VPBank to expand its lending to small and medium businesses and boost financing for projects that help reduce carbon emissions A new financing package of $212.5 million (£162m) has been announced to support climate-friendly projects in Vietnam. The funding from IFC, a member of the World Bank, will enable VPBank to […]
Temasek may get ‘more aggressive’ on green goals
It pledges to become carbon neutral by year end, with eye on halving emissions of portfolio firms by 2030 LONDON • Temasek International may accelerate its climate change goals as the company puts environmental, social and governance principles at the heart of its strategies. Temasek International is the management and investment arm of Singapore investment […]
HSBC exits Vinh Tan 3 coal power project in Vietnam
The London-headquartered bank’s cancellation of its role as financial advisor for the 1,980-megawatt Vinh Tan 3 coal power plant in Vietnam marks the latest move by a major international lender to ease off on bankrolling the fossil fuel in Asia. One of the world’s largest finance groups, HSBC, has pulled out of a major coal project […]
ADB signs deal for long-term solar financing in Vietnam
The Asian Development Bank (ADB) has provided TTC Energy Development Investment with a $37.8 million loan deal to accelerate the deployment of solar energy in Vietnam. TTC Energy is a subsidiary of Thailand’s largest utility GED. The loan will be used to fund the Gulf Solar Power Project which includes the development and operation of a 50MW solar plant […]
