Average power prices plunge in September
THE Independent Electricity Market Operator of the Philippines (IEMOP) said the average electricity price in September was P3.88 per kilowatt-hour (kWh), or 34.7 percent lower than the P5.94 per kWh in August.
Google’s Malaysia data centre sets new standard for power, water usage efficiency
Google’s new data centre in Malaysia is set to become the corporate benchmark for power and water usage effectiveness, in line with the country’s circular economy best practices.
Malaysia’s Petronas to supply gas to Sabah Electricity
Malaysia’s Petronas (IPO-PETO.KL), opens new tab will supply gas to Sabah Electricity for power generation in the regions of Sabah and Labuan, the state-owned energy firm said on Tuesday.
Brunei’s GDP grows, boosted by oil and gas
Brunei Darussalam’s gross domestic product (GDP), at constant prices, grew at 6.0 per cent in the second quarter (Q2) of 2024, driven by a 7.7-per-cent increase in the oil and gas (O&G) sector and a 4.5-per-cent increase in the non-O&G sector, the Department of Economic Planning and Statistics (JPES) said in a statement.
Southeast Asia to miss green goal on slow storage deployment
Southeast Asia will miss its renewable energy production goal, highlighting the difficulties in weaning the region off fossil fuels like coal and liquefied natural gas (LNG), according to an intergovernmental think tank.
Indonesia Reduces Local Content Requirements to Boost Green Energy Investments
The Indonesian government has relaxed the local content requirements (LCR) for the development of electricity infrastructure under Ministry of Energy and Mineral Resources regulation 11 of 2024 (MEMR 11/2024) in a move aimed at attracting concessional funding for renewable energy projects from international development banks.
PATRIZIA enters Philippines with initial investment into one of the country’s leading solar energy companies and overall USD 100 million investment targeted
PATRIZIA and Mitsui enter into binding agreements to acquire an interest in BEI – the Philippines’ leading independent commercial and industrial (C&I) rooftop solar developer, owner and operator.
Philippines gets its first EV battery plant
President Ferdinand Marcos Jr. of the Philippines has officially inaugurated the country’s first electric vehicle battery factory, hailing it as a significant step towards a cleaner energy future. This milestone event, which took place on Monday, marks a pivotal moment in the Philippines’ journey towards sustainable energy and advanced manufacturing.
