China’s Trina Solar eyes 10% of PHL solar energy market share
China-headquartered Trina Solar on Tuesday said it hopes to capture at least 10 percent of the Philippine market for residential solar energy. The company has just launched its solar rooftop product— the Trinahome Solutions—in the country. In a press conference in Makati City, Trina Solar Philippines country manager Junrhey Castro said the company expect to […]
In Asia, bonds are finding it’s easier being green
JAKARTA – Just a few years ago, when Mr Clifford Lee, head of fixed income at DBS, sounded out potential clients about their appetite for green bonds – debt sold specifically for sustainable purposes like building a wind farm – conversations were short and tended to end with “no”. That’s because green bonds were no […]
Philippines’ first LNG terminal sought by China and Japan
MANILA/BEIJING/TOKYO — The Philippines has become a new front in China and Japan’s infrastructure rivalry as companies from both countries bid to build the archipelago’s first liquefied natural gas terminal […]
The dawn of distributed energy
Battle lines were drawn during the first public consultation for Senate Bill 1719 (otherwise known as the Solar Adoption Act) on November 19. Senator Grace Poe, author of SB 1719, and Senate Energy Committee Chair Senator Sherwin Gatchalian have recently held a Senate hearing and sought to correct some operational flaws of the 2008 RE […]
Pertamina enters construction phase of 1,760-mw steam power plant
Jakarta (ANTARA News) – State-owned oil and gas company Pertamina, through its subsidiary PT Pertamina Power Indonesia (PPI), entered the construction phase of a gas and steam power plant, with a capacity of 1,760 megawatts (MW), in December 2018. Construction of Jawa-1 Independent Power Plant (IPP) signifies Pertamina`s efforts to support the provision of clean […]
Bangchak sets $50m investment budget in bio, green-energy startups
BANGCHAK will invest US$50 million in startups within the next five years in order to expand their core business and technologies with the goal to emerge as the leading innovative group of its kind in the Asean bloc. The firm expects to generate revenue growth to more than double in the next five years. The […]
Aboitiz Power to build $28 million battery storage
MANILA, Philippines — SN Aboitiz Power Group (SNAP), the joint venture of SN Power of Norway and Aboitiz Power Corp., plans to construct a $28-million battery energy storage system (BESS) at its Magat hydro electric power plant (HEPP). The facility will be used to boost the company’s ancillary services and standby power supply that can […]
Cambodia reaffirms commitment to United Nations Framework Convention on Climate Change
Cambodia has reaffirmed its commitment to the United Nations Framework Convention on Climate Change and express serious concern over the multi-faceted impacts of climate change. Eang Sophalleth, secretary of state with the Ministry of Environment and head of the Cambodian delegation to the UNFCCC, said this week in Poland that after the historic agreement in […]
