PHL-BOI, New Zealand Explore Geothermal Energy Collaboration
The Board of Investments (BOI) is strengthening its push for renewable energy investments in the Philippines, particularly in geothermal energy, through discussions with a high-level delegation from New Zealand.
Singapore keen to invest in offshore wind power development in Ba Ria-Vung Tau
Pang Te Cheng, the consul general of Singapore in Ho Chi Minh City, expressed his hope that the southern province of Ba Ria – Vung Tau will create the optimal conditions for Singaporean firms to invest in the fields of logistics and energy, especially in the wind power development.
Vietnam Draft Decree on Rooftop Solar Power: New Opportunities on the Horizon for Investors
The Vietnam rooftop solar sector is set for a major boost with a new draft decree published in early October 2024, introducing fresh policy guidelines to promote self-produced and self-consumed solar energy. This draft is poised to create favorable conditions and open viable commercial opportunities for foreign investors in Vietnam’s renewable sector.
VPBank signs $150 million loan agreement to fund clean energy projects
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the Japan Bank for International Cooperation (JBIC) have recently signed a credit agreement worth up to US$150 million to finance renewable energy and power transmission projects in Việt Nam, contributing to the national goal of achieving net-zero emissions by 2050.
Vietnam sets 6.4 US cents per kWh for wind power imported from Laos
Vietnam’s Ministry of Industry and Trade has set base import prices for wind and solar power imported from Laos at 6.4 and 6.78 U.S. cents per kWh, respectively, from end-2025 to end-2030.
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.
