Philippines’ Oldest Conglomerate to Get Out of Coal by 2030
Ayala Corp., the Philippines’ oldest conglomerate, aims to fully divest from coal by 2030, a rare rebuke of the fuel in a region where its use is expected to grow.
GE signs contract for Vietnamese wind farm
GE has signed a contract with Phuong Mai Wind Power JSC, a Special Purpose Vehicle entity jointly invested by Truong Thanh Development and Construction Investment Joint Stock Company (DECONNIN JSC) and Hanoi Construction – Industrial Investment JSC (HANOINCO., JSC) to provide 11 2.4MW-116 turbines and technical advisory service for Phuong Mai 1 wind farm, Vietnam.
As palm oil for biofuel rises in Southeast Asia, tropical ecosystems shrink
Indonesia and Malaysia are looking to shore up demand domestically and in China, with the EU having changed course away from biofuels.
Electricity bill subsidies proposed
The Energy Ministry will ask the cabinet for approval to subsidise up to 100% of electricity usage in excess of what households used in February.
Green debt issued in region doubles to $11 billion last year
Sustainable financing is gaining traction in South-east Asia, with green loans and bond issuances rocketing across the region last year and Singapore leading the way, a new report noted yesterday.
Keppel and Singapore partner on funding for clean energy innovations
Singapore-based Keppel Offshore & Marine signed a US$10M partnership agreement and MoU with Singapore’s Energy Market Authority (EMA) to develop innovative technologies in the areas of distributed energy resources, digitalisation and low-carbon alternative systems
ADB-supported solar project on the horizon
A 60-megawatt solar station, supported by a $7.64 million loan from Asia Development Bank (ADB) is scheduled to be built later this year in Kampong Chhnang province, north of Phnom Penh.
Energy Lab’s stimulus plan for clean energy investment
Energy Lab has suggested two immediate “stimulus suggestions” to support clean energy investment easily.
