GCPF has announced the closure of a transaction, which will enable CleanMax to expand its operations into Southeast Asia, targeting Thailand first.
The Global Climate Partnership Fund (GCPF) has announced the closure of a transaction, which will enable Indian commercial and industrial (C&I) solar leader CleanMax to expand its operations into Southeast Asia, targeting Thailand as its first new market. GCPF is set to invest USD 10 million in the solar firm.
ING Groep N : invests in clean energy in Southeast Asia
ING has added another first to its growing portfolio of sustainable finance deals in Asia-Pacific by issuing a $75 million loan to Singapore-based Cleantech Solar. This is the largest green loan in Asia Pacific to date in the commercial and industrial (C&I) renewables sector.
DBS launches transition financing framework to help ‘less than dark-green’ industries
Singapore’s largest bank has rolled out a finance framework and taxonomy to guide carbon-intensive clients towards a low-carbon economy. With its latest framework, DBS will evaluate the economic activities and strategy of their clients to assess if they are in line with the Paris Agreement.
Modernise market and realise greater intra-regional trade, Asean told
KUALA LUMPUR (July 3): The Covid-19 crisis is a reminder for Asean member states to modernise their economy and fully realise the potential of the intra-Asean market, said Asean secretary-general Datuk Lim Jock Hoi. “It is quite evident that we need this in order to reinvigorate our economic growth” said Lim in a webinar organised by […]
METI minister signals a major shift for Japan away from coal and toward renewables
The government vowed Friday to study concrete ways of phasing out older, dirtier coal-fired power stations by 2030 following reports it plans to mothball around 100 of the aging plants. The world’s third-largest economy has come under fire for continuing to build the carbon-emitting plants at home, as well as financing projects to build them abroad, […]
AC Energy increases green bonds offering to reach $470 million
AYALA-LED AC Energy, Inc. (AC Energy) upsized its senior green bonds offering under its $1-billion medium-term note program by $60 million, expecting it to boost its clean energy investments amid a grueling business environment. In a stock exchange disclosure on Thursday, parent Ayala Corp. said the latest five-year bonds with a coupon of 4.75% annually, which […]
The rise of green loans
GREEN financing is expected to gain further traction as investors look for financial instruments which could lead to positive social outcomes, experts observed. RAM Sustainability Sdn Bhd head of sustainability services Gladys Chua said the Malaysian green bond/sukuk market started expanding from 2017 onwards following the first green sukuk issuance by Tadau Energy Sdn Bhd for […]
Floating Solar to Generate 900% More Electricity Across APAC: IEEFA
Asia leads Europe in deploying floating solar, also known as floating photovoltaic (FPV), a new IEEFA report finds. Energy finance analysts Sara Jane Ahmed and Elrika Hamdi at the Institute of Energy Economics and Financial Analysis (IEEFA) note that power demand in the Philippines and Malaysia has dropped by as much as 16 percent during the COVID-19 lockdown, causing extreme […]
