IFC financing two wind power projects in Vietnam
The International Finance Corporation (IFC), a member of the World Bank Group, is funding the development and construction of two wind power projects in central Vietnam as the country transitions to cleaner low-carbon power generation to help meet the growing demand for electricity.
Siemens Gamesa picks up 160MW Philippines deal
Siemens Gamesa has secured an order to supply, install and commission 32 turbines for the 160MW Balaoi & Caunayan wind farm in the Philippines. The project, which is the largest in the country when built, is being developed by Asian renewable energy companies UPC Renewables and AC Energy.
AC Energy supplies RE power to manufacturing firm
Ayala-led AC Energy Corporation will be supplying a renewable energy-generated electricity to consumer-goods firm Pacific Synergy for its manufacturing facility in Laguna.
SP Group signs MOU with BCG Energy to invest in renewables in Vietnam
NATIONAL grid operator SP Group (SP) and BCG Energy announced on Monday that they have signed a memorandum of understanding (MOU) to invest in renewable energy projects in Vietnam.
Pimpinan Ehsan to acquire renewable energy firm for RM373m
Pimpinan Ehsan Bhd (PEB), which had requested its stock be halted from trading today, is acquiring renewable energy (RE) company reNIKOLA Holdings Sdn Bhd for RM373 million.
Vietnam wind power sector attractive to investors
With an increasing demand for electricity in Vietnam, the wind power construction sector has flourished, with local and foreign firms getting in on the action.
Is geothermal valued fairly in power tariffs in Indonesia?
A recent article by CNBC in Indonesia implies that geothermal energy might be loosing competitiveness as “geothermal rates are more expensive than those of hydropower (PLTA) plants.” Despite the great geothermal potential, the utilization of geothermal is lagging behind in development due to it being more expensive than other forms of renewables.
Least Developed Countries Group Vision 2050: Achieving universal access to electricity through 100 percent renewables
In September 2019, during the UN Secretary General’s Climate Action Summit in New York, the Least Developed Countries (LDC) launched their LDC Group Vision for a climate-resilient future through climate-resilient development pathways by 2030 and delivery of net-zero emissions by 2050. One among the three aspects of the vision document is the LDC Renewable Energy […]
