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Singapore-headquartered Nexif Ratch Energy SE Asia Co., Ltd. has been selected as the investor for a VND5.7 trillion ($216.3 million) wind power plant project in the central province of Gia Lai.
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Jakarta (ANTARA) – The Indonesian government will be exploring carbon trading potential at the 30th Climate Change Conference (COP30) in Brazil in November, with several countries showing interest in purchasing Indonesian carbon.
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The Philippines is set to introduce carbon trading rules in September, initially targeting the energy industry in hopes of spurring low-carbon investment.
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Philippine-based renewable energy company First Gen Corp, through PT First Gen Geothermal Indonesia, has formed a joint venture with PT Dian Swastatika Sentosa Tbk (DSSA) via its subsidiary PT DSSR Daya Mas Sakti (DSSR) to accelerate the development of geothermal projects in Indonesia.
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French behemoth TotalEnergies remains open towards supplying oil to Cambodia, according to the Ministry of Mines and Energy.
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Fossil fuels continue to dominate Cambodia’s energy supply, accounting for 42 percent, while solar power stands at 0.7 percent, according to 2021 statistics from the Ministry of Energy and Mine, raising concerns about achieving the goal of reducing electricity consumption by 19 percent by 2030, in line with the Paris Agreement.
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BUSAN (Aug 26): Malaysia is committed to working with members of the Clean Energy Ministerial (CEM) to address energy issues involving artificial intelligence (AI), said Deputy Prime Minister Datuk Seri Fadillah Yusof.
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KUALA LUMPUR: The government will continue efforts to increase the capacity of renewable energy within the national electricity supply system.
This includes introducing the implementation of Battery Energy Storage Systems to stabilise the grid and raise the renewable energy capacity mix to 70% of the national electricity supply by 2050.
ASEAN Centre for Energy (ACE) is an intergovernmental organisation within ASEAN structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.
