SPNEC secures PHP 150 B loan to expand solar and battery energy storage
SP New Energy Corporation (SPNEC) has secured a Php 150 billion, 15-year Omnibus Loan and Security Agreement (OLSA) through its subsidiary, Terra Solar Philippines Inc. (MTerra Solar), marking a major financial milestone for the company’s renewable energy initiatives.
Over half of Singaporean businesses plan solar investments by 2030
This is partly driven by the need to reduce electricity-related emissions. Businesses in Singapore are looking into investing in solar power to increase their sources of clean energy, according to a study by Schneider Electric.
Malaysia vows to promote green investment collaboration during ASEAN chairmanship
Kuala Lumpur (VNA) – Malaysia is committed to positioning ASEAN as a global leader in sustainable finance and will advocate for deeper collaboration in green financing, regional energy connectivity, and the expansion of sustainable investment frameworks, the country’s national news agency Bernama has reported.
Chinese group to invest $1bn in Cambodian pumped storage
A Chinese industrial conglomerate is to invest $1bn in a pumped-storage system in southwest Cambodia. According to news site Yicai, the Upper Tatai Pumped Storage Power will be added to the 150MW Tatai hydropower scheme, which China National Machinery Industry Corporation (Sinomach) hopes to complete next year.
Proposal to significantly increase electricity imports from China and Laos
HÀ NỘI — The Ministry of Industry and Trade (MoIT) has proposed a significant increase in electricity imports from China and Laos, expanding them up to five times compared with the current power development plan. According to the latest adjustments to Power Development Plan VIII, Việt Nam aims to import 3,700 MW from China by […]
Vietnam Unveils National Action Plan to Boost Renewable Energy and Circular Economy
Vietnam has introduced its National Action Plan for a Circular Economy until 2035, with a strong emphasis on renewable energy development to drive sustainable economic growth and environmental protection. The plan, approved on January 23, 2025, under Decision No. 222/QĐ-TTg, outlines strategies to enhance energy efficiency, minimize waste, and promote resource recycling as the country […]
Sarawak to power southern Philippines
Kota Kinabalu: Sarawak will begin supplying excess electricity to the southern Philippines via Sabah starting next year. The move is in compliance with a request from Prime Minister Datuk Seri Anwar Ibrahim made earlier. The power will originate from a 500-megawatt (MW) combined cycle gas turbine power plant in Miri, supplemented by three additional Bintulu plants […]
Singapore’s $5b Future Energy Fund boost signals green energy focus
The move is expected to channel more funds to critical infrastructure. The $5b boost to the Future Energy Fund reflects Singapore’s commitment to driving the energy transition and securing a more sustainable future, according to experts.
