EU, Philippines sign 7 contracts for clean energy projects
MANILA, Philippines — The European Union (EU) Delegation to the Philippines on Thursday said the EU and the Philippines signed seven contracts for projects that would offer “clean energy” to 40,000 households in the country. The EU said they allocated €21 million for the projects which would contribute to the Department of Energy’s goal of […]
Vietnam Electricity to speed up projects in 2019 amidst rising demand
It wants to accelerate the construction of transformer stations and start operations of a line in South Saigon. Vietnam Electricity (EVN) will accelerate its projects in 2019 to meet rising demand and ensure sufficient supply for the year, Vietnam Energy reports. The projects include 220kV transformer stations in Luu Xa, Quynh Luu and Quang Chau […]
Biofuel firm Neste to invest 1.4b euros in Singapore production
[HELSINKI] Finnish biofuel producer and oil refiner Neste said on Wednesday it will boost its biofuel production capacity in Singapore with a bigger-than-expected investment of 1.4 billion euros (S$2.2 billion). Neste, 44.75 per cent owned by the state of Finland, has in recent years emerged as one of the leading players in the renewable diesel […]
PM: B10 biodiesel to drive green efforts and economy
PUTRAJAYA: Malaysia’s initiatives to use palm-based biodiesel as fuel will reduce stock and stabilise commodity prices amid attempts by others to restrict its export and sales, said the Prime Minister. Tun Dr Mahathir Mohamad, who drove home the point when he arrived for the launch of the B10 biodiesel at the wheel of a Peugeot […]
Challenges facing solar power development in Vietnam
In April 2017, Prime Minister Nguyen Xuan Phuc issued a decision on mechanisms for encouraging solar power development. This decision has given a boost to this sector as it set up an attractive price for solar electricity – 2,086 VND or 9.35 US cent per kWh – for 20 years, compared to the current average […]
Up to 3.4-GW wind complex planned for Vietnamese waters – report
December 12 (Renewables Now) – A giant wind farm with a capacity of 3.4 GW is planned to be constructed off Vietnam’s Binh Thuan province at a total cost of almost USD 12 billion (EUR 10.6bn), the Vietnam News Agency (VNA) reports. The offshore wind project, dubbed Ke Ga, was proposed by UK-based Enterprize Energy […]
ADB invests $155 million in Thai green bonds
The Asian Development Bank (ADB) plans to invest 5 billion Thai baht (US$155 million) in Thailand-based B.Grimm Power Public Company Ltd via five- and seven-year green bonds. Reportedly, the bonds are the first certified climate bonds issued in the country. According to the bank, the proceeds have been earmarked for nine operational solar PV plants […]
Myanmar energy firm plans $35m investment
DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG (liquefied petroleum gas) business over the next three years, according to Group CEO Ken Tun, aka Pyae Wa Tun. He told a media roundtable on […]
