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The world’s biggest solar+storage project is a step closer to realization, as the government of Australia’s Northern Territory and Singapore-based Sun Cable have signed a deal to advance the development of the Australia-ASEAN Power Link.
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SINGAPORE: Members of the Government Parliamentary Committee (GPC) for Sustainability and the Environment have filed a parliamentary motion to speak on climate change and its impact on Singapore.
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January 29 (Renewables Now) – The government of Australia’s Northern Territory (NT) has signed a key planning agreement for a power link project that will enable electricity exports to Singapore from a 10-GW solar-plus-storage project.
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Duke Energy and GIC have announced they have entered into a definitive agreement for acquisition of a 19.9% interest in Duke Energy Indiana (DEI), a subsidiary of Duke Energy, by an affiliate of GIC Private Limited, Singapore’s sovereign wealth fund. Duke Energy also announced its 2021 adjusted earnings per share (EPS) guidance range of $5.00 to $5.30. The transaction with GIC bolsters the company’s growth potential and supports its increased long-term adjusted EPS growth rate of 5 to 7% through 2025, based off of a 2021 adjusted EPS midpoint of $5.15. This is up from the previously stated 4 to 6% rate.
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The Massachusetts Institute of Technology’s Green Future Index listed Vietnam as a climate laggard economy for making low and uneven commitments toward a green future.
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Less than a decade ago, renewable energy was merely proposed for mainstream adoption. However fast forward to the present day, renewable energy producers are a dime a dozen, comprising homeowners, business owners, farmers and private investors alike. The building in which your office is located could be adopting the use of design-incorporated solar panels to power its electricity needs, or unbeknownst to you, your neighbour’s rooftop has already been fitted with grid-connected solar panels. As the reliance on renewable energy sources becomes prevalent in Southeast Asia, notably Vietnam’s installed solar capacity which jumped from 4 to an astounding 82 solar power plants being connected to the national grid between mid-April to end June 2019, governments too are complementing rapid growth in their country’s energy infrastructure by enacting policies and laws of its own.
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Vietnam is expected to see a rapid expansion in investment in the power generation sector, boosting demand for LNG in southeast Asia in coming years. [NGW Magazine Volume 6, Issue 2]
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.
