Asian Infrastructure Investment Bank commits US$100 million to ADM Capital’s latest renewable debt fund
Hong Kong-based private credit manager ADM Capital said it is raising a US$500 million debt fund focused on financing Southeast Asian renewable energy projects after bagging a commitment from Beijing-based Asian Infrastructure Investment Bank (AIIB) for US$100 million.
Australia’s Ambitious $16 Billion Solar Project Will Be The World’s Biggest
The world’s most ambitious renewable energy project to date is the proposed Australia–ASEAN Power Link. This project would combine the world’s largest solar farm, the largest battery, and the longest undersea electricity cable. The 10 gigawatt (GW) solar farm would cover 30,000 acres in Australia’s sunny Northern Territory. That is about the equivalent of 9 million […]
Growing EV Industry In ASEAN
Electric Vehicles (EVs), including hybrid electric cars, can drastically reduce carbon emissions released into the environment. Compared to conventional cars that release unhealthy amounts of carbon dioxide, carbon monoxide and nitrogen oxide into the environment, battery-electric cars effectively produce zero-emissions from their tailpipes.
Asean ministers set 35% target on renewable energy
ENERGY Ministers in the Asean region have agreed to set a new target of 35% renewable energy (RE) in installed power capacity by 2025.
Petronas calls for stronger regional collaboration on global energy transition
KUALA LUMPUR (Nov 19): Petroliam Nasional Bhd (Petronas) has called for ASEAN governments, energy players, as well as the public and private sectors to collaborate and collectively leverage each other’s strengths in achieving a sustainable, low-carbon future.
New Asian trade bloc could play key role in driving investment
A new trade bloc covering a huge swathe of the Asia-Pacific region will play an important role in developing poorer economies and in post-pandemic stimulus, according to a report published on Monday by the UN Conference on Trade and Development (UNCTAD).
Egat eyes power deal with Singapore to offset glut
Thailand’s energy authority plans to add Singapore to its regional energy grid by 2023, along with Cambodia and Myanmar, said Kulit Sombatsiri, permanent secretary for energy.
Japan looks to ASEAN nations for carbon capture and storage
TOKYO — Japan, the U.S., Australia and the 10 members of ASEAN are forming a partnership to commercialize the technology behind carbon capture, utilization and storage as early as this decade, opening up ways to bury carbon dioxide in Southeast Asia to reduce emissions.
