Aboitiz Power to build $28 million battery storage
MANILA, Philippines — SN Aboitiz Power Group (SNAP), the joint venture of SN Power of Norway and Aboitiz Power Corp., plans to construct a $28-million battery energy storage system (BESS) at its Magat hydro electric power plant (HEPP). The facility will be used to boost the company’s ancillary services and standby power supply that can […]
Cambodia reaffirms commitment to United Nations Framework Convention on Climate Change
Cambodia has reaffirmed its commitment to the United Nations Framework Convention on Climate Change and express serious concern over the multi-faceted impacts of climate change. Eang Sophalleth, secretary of state with the Ministry of Environment and head of the Cambodian delegation to the UNFCCC, said this week in Poland that after the historic agreement in […]
Green Dreams
With climate change expected to take a devastating toll on Southeast Asia, Indonesia, one of the world’s biggest emitters of greenhouse gases and a country likely to be disproportionately affected by extreme weather conditions, is looking to take action. President Joko “Jokowi” Widodo has committed to cut emissions by at least 29 per cent by […]
Thai group eyes ASEAN solar plants after first ‘green bond’
BANGKOK — The power generating arm of Thailand’s oldest industrial group, B. Grimm, has issued 5 billion baht ($152 million) in “green bonds” to raise funds for further investment in its renewable energy business. “We invested a lot in Vietnam, and we are now looking for business opportunities in Malaysia, Laos, Cambodia and the Philippines,” said Preeyanart Soontornwata, president of […]
Thailand’s first certified climate bond issued
The Asian Development Bank (ADB) will invest 5 billion baht (US$155 million) in the maiden green bonds by B.Grimm Power Public Company of Thailand, representing the first certified climate bonds to be issued in Thailand. These details were announced on December 11. The transaction comprised of two tranches – five years and seven years – […]
KKR powers up Singapore’s Barghest Building Performance with $33m investment
KKR has invested S$45m ($33m) in Singapore-based energy savings business Barghest Building Performance, as the firm peruses its impact investment strategy. BBP provides energy efficiency services for heating, ventilation and air conditioning systems in commercial and industrial buildings. The company has operations across Southeast Asia, China, India and Taiwan. KKR launched its dedicated Global Impact business in 2018 to invest in businesses […]
PLUS launches country’s first solar EV charging station
MELAKA: PLUS Malaysia Bhd (PLUS), today launched the country’s first solar electric vehicle (EV) charging station. The highway operator plans to build five more such stations by early 2020. It’s Managing Director Datuk Azman Ismail said the first station, located at the Ayer Keroh Overhead Bridge Restaurant (southbound) on the North-South Expressway here, began operation […]
Drop LRT idea for Sarawak, go for electric bus network, says DAP MP
PETALING JAYA: A Sarawak MP has panned the state government’s proposal to revive the Light Rail Transit (LRT) project to link Kuching with surrounding towns such as Kota Samarahan to combat traffic congestion. The DAP MP for Bandar Kuching Dr Kelvin Yii said the proposed LRT project might not be the most cost-effective solution or […]
