ADB, Ayala ink $100-M loan to develop EV ecosystem
THE ASIAN Development Bank (ADB) and Ayala Corp. have signed a $100-million (around P5.8-billion) financing deal to support the company’s efforts to develop an electric mobility (e-mobility) ecosystem in the Philippines.
Vietnam’s chemical giant Stavian invests $22 mln in manufacturing battery energy storage system
Vietnam’s chemical giant Stavian Group will invest $22 million in making battery energy storage system (BESS), in order to promote green and clean energy development and sustainable energy industrialization in the country.
Efforts to mobilise funds under ALCBT underway
Efforts are ongoing to create a regional platform to mobilise funds under the Asian Low Carbon Buildings Transition Project (ALCBT), according to German Embassy in Cambodia.
Cambodia spends USD2.69B on oil, gas imports in 2024
PHNOM PENH (XINHUA) – Cambodia’s imports of diesel fuel, petroleum oil, and gas increased by 12 per cent in 2024, according to a Ministry of Commerce report yesterday.
Philippines Secures $15 Billion Renewable Energy Deal With UAE’s Masdar
The Philippines is taking a significant step toward its energy transition goals with a landmark $15 billion agreement with Masdar, the United Arab Emirates’ state-owned renewable energy company. The deal aims to develop solar, wind, and battery energy storage systems across the Southeast Asian nation.
Nam Theun 2 hydropower project set to contribute US$2bil to Laos
VIENTIANE: Nam Theun 2, one of Laos’ most significant hydropower projects in Laos, is expected to generate approximately US$2 billion to the government of Laos over the 25-year concession period.
ADB agrees on US$92.6M financing for Indonesia’s geothermal power expansion
The Asian Development Bank (ADB) signed a US$92.6 million (Rp1.5 trillion) financing agreement with PT Supreme Energy Muara Laboh (SEML) for the development of Indonesia’s geothermal power resources.
PH expedites renewable energy projects worth over $70b in 2024
In December alone, six projects were certified as strategic projects. The Philippines has granted green lane access to a total of 176 projects as of 26 December last year, of which 141 projects worth $70b (PHP 4.13t) are renewable energy facilities.
