Indonesia Reduces Local Content Requirements to Boost Green Energy Investments
The Indonesian government has relaxed the local content requirements (LCR) for the development of electricity infrastructure under Ministry of Energy and Mineral Resources regulation 11 of 2024 (MEMR 11/2024) in a move aimed at attracting concessional funding for renewable energy projects from international development banks.
PATRIZIA enters Philippines with initial investment into one of the country’s leading solar energy companies and overall USD 100 million investment targeted
PATRIZIA and Mitsui enter into binding agreements to acquire an interest in BEI – the Philippines’ leading independent commercial and industrial (C&I) rooftop solar developer, owner and operator.
Cambodia approves $5.79B investment in 23 Energy Projects to enhance power security and clean energy by 2030
The Cambodian Council of Ministers have approved 23 new investment projects in the power sector for the period 2024-2029, aimed at addressing the country’s ongoing power shortages. The approval was granted during a weekly cabinet meeting chaired by Prime Minister Hun Manet on Friday, September 27, at the Peace Palace.
SAI investor eyes renewable energy sector
Angkor International Airport Investment (Cambodia) Co., Ltd., an affiliate of China’s Yunnan Investment Holdings Ltd., and chief investor behind the recently inaugurated Siem Reap Angkor International Airport (SAI), has announced the company’s intentions to inject further investments into the Kingdom, this time eyeing the renewable energy sector.
Gradual Energy Transition Expected to Save Rp90tn of Fuel Subsidy per Year: Minister Luhut
The Coordinating Minister for Maritime and Investment Affairs, Luhut Binsar Pandjaitan, said a gradual energy transition will save Rp45 trillion to Rp90 trillion of fuel subsidy per year. Minister Luhut conveyed the statement during the sidelines of the High-Level Forum on Multi-Stakeholder Partnerships (HLF MSP) and Indonesia-Africa Forum (IAF) II in Badung, Bali, on Monday, […]
Vietnam, Australia expand cooperation on energy, minerals
Vietnam welcomes Australia’s investment and cooperation in advanced and modern technology to optimise the exploitation and deep processing of key minerals and ensure environmental sustainability.
Middle Eastern Banks Invest $500M in Malaysia’s Pengerang Energy Complex
Leading Middle Eastern banks and financial institutions have invested $500 million to finance Malaysia’s Pengerang Energy Complex, a facility that promises to set new standards in low-carbon production. The Islamic Development Bank, along with its subsidiaries—the Islamic Corporation for the Development of the Private Sector and the Islamic Corporation for the Insurance of Investment and […]
Impact of high energy costs on the economy
The Philippines is recognized for its rich cultural heritage and its rapidly growing economy. However, we face a significant challenge that threatens our progress: the high cost of electricity. This issue affects businesses, goods production and consumers alike, creating a ripple effect throughout the economy.
