Norway to create USD-1.14bn renewables fund for developing nations
Norfund announced on Wednesday that it will administer Norway’s new Climate Investment Fund, which will spend NOK 10 billion (USD 1.14bn/EUR 963m) over five years on renewable energy in developing countries.
Positive outlook for financing floating solar projects in Southeast Asia
The proven ability to install large-scale floating PV plants on water bodies across Southeast Asia means financing should be readily available for new projects, it was suggested during a panel discussion today.
China overtakes US in ASEAN investments
Large Chinese investments are overtaking US financing in ASEAN, according to Nikkei Asia. The mainland has already invested more than $5.3 billion under its Belt and Road Initiative (BRI), according to the University of Southern California’s US-China Institute in Los Angeles. On June 22, the mainland agreed with Cambodia to intensify cooperation in transportation networks. […]
Asia’s renewable energy future
Minghui Zhang, Head of Section and Benoit Nguyen, Head of Department at DNV, describe Asia’s renewable energy future. Asia has experienced some of the worst impacts of COVID-19 which have caused major disruptions in the energy sector. Despite the work that remains to contain the pandemic, most Asian countries have embraced the challenge to change […]
Carbon neutrality and solar’s role in ASEAN nations
The Paris Agreement has been signed by all ASEAN nations and almost all members have declared a carbon emissions reduction target. The diversity in ASEAN’s readiness for energy transition is reflected in the wide-ranging nationally determined contribution targets set for reducing greenhouse gases. An immediate quick win for the renewable energy transition is the harnessing […]
Japan proposes $10 bil in finance for ASEAN renewables, LNG to aid energy transition
Japan has offered ASEAN energy ministers $10 billion in public finance for renewables and LNG projects, as part of a package of measures aimed at helping the group of 10 Southeastern Asian economies accelerate their moves toward energy transition.
Water to Light: EDL-Gen in power move to lead ASEAN, especially Cambodia in clean energy exporting with IPP
Renewable energy is growing in importance and popularity, EDL-Generation Public Company (EDL-Gen), with over 50 years’ experience working in clean power supply in Lao People’s Democratic Republic (Lao PDR) with state-owned Électricité du Laos, before its separation and subsequent incorporation in 2010, is striding to boost its capital fund from independent power producers (IPP) offshore […]
Brunei hosts regional virtual meeting
As the 2021 ASEAN Chair, Brunei Darussalam is hosting the 39th Senior Officials Meeting on Energy (SOME) and its associated meetings at the International Convention Centre, which began yesterday via virtual platform and will run until Thursday.
