Singaporean solar energy firm gets US$75 mil loan to fund expansion
SINGAPORE: Singapore-based Cleantech Solar has secured a US$75 million loan from Dutch bank ING Groep NV to finance its expansion across Southeast Asia, the companies said in a joint statement on Tuesday.
Cleantech Solar receives loan for Southeast Asia growth
Cleantech Solar, a commercial and industrial (C&I) focused solar PV developer in Asia, has secured a US$75 million green loan from ING Bank N.V., Singapore Branch (ING). ING was the sole mandated lead arranger and green structuring advisor. This is the largest green loan in Asia Pacific to date in the C&I renewables sector, with […]
ING Finances Solar Firm’s Southeast Asia Expansion
ING Bank has issued a $75 million loan to Cleantech Solar, one of the largest C&I focused solar PV developers in Asia, to finance its expansion across Southeast Asia, according to a press release on Tuesday.
PHL urged to switch to ‘resilient’ renewables after the pandemic
THE Philippines needs to grab the opportunity to power its grid post-pandemic with renewable energy, which have proved to be “resilient” despite the disruptions caused by the public health crisis, the National Renewable Energy Board (NREB) said.
Philippine diocese becomes first to switch to solar power
The Vatican has praised a Philippine diocese for becoming the first in the entire Catholic Church to adopt renewable energy.
Energy ministry expects oil and gas lifting to reach 1.91 million boepd in 2021
The government expects domestic ready-to-use oil and gas production to reach between 1.76 million and 1.91 million barrels of oil equivalent per day (boepd) in 2021, as part of macroeconomic assumptions in next year’s draft state budget.
In post-Covid Asia, countries should develop their own renewable energy capabilities
With clean energy projects experiencing delays due to the coronavirus, developing economies in the region should scale up local manufacturing and employment, said the Asian Development Bank’s energy sector chief. With developing Asia set to build fewer solar plants and wind turbines this year amid the Covid-19 crisis, the region should turn to domestic suppliers for renewable […]
Investment in smelter construction off-target: Energy Ministry
Jakarta (ANTARA) – Indonesia expects to miss the investment target of US$3.7 billion for smelter construction in 2020 due to the COVID-19 pandemic, and hopes to reach the target only in 2021. “The impact on production (in the mining sector) is yet (to) be seen, but there will be a slowdown in reaching the target in […]
