News
News
March 22, 2024
Indonesia to reassess geothermal potential to attract investment
Indonesia’s strategic location along the Pacific Ring of Fire endows it with approximately 40% of the global geothermal reserves. Despite having a geothermal generation capacity of around 24 GW, limited demand has hindered investment attraction. As a resu
March 22, 2024
Mitsubishi, PTT to explore ammonia-fired power in Thailand
Thai state-owned oil and gas firm PTT and Japan’s Mitsubishi Heavy Industries Asia Pacific have started a collaborative pre-feasibility study into utilizing 100% ammonia in gas turbine power generation in Thailand.
March 21, 2024
U.S. to fund $500 million in green exports to Vietnam
The U.S. has signed a $500 million deal to promote green exports to Vietnam, the source of the country's third-largest trade deficit and a quickly rising manufacturing alternative to China.
March 14, 2024
Finland's Wartsila Group plans to develop Vietnam's first flexible power plant
Vietnam's National Power Development Plan 8 places "flexible power resources" on the national energy structure for the first time. The market potential attracting investment from Finnish major developer, Wartsila.
March 13, 2024
Experts warn of greenwashing in Thailand's Bio-Circular-Green model
The Thai government's green energy project has sparked concerns about agricultural land justice, with some villagers protesting forced land acquisition.
March 13, 2024
ACEN, BrightNight partner for 1 GW renewable projects in Philippines
ACEN, a subsidiary of the Ayala Group, has collaborated with US-based BrightNight to construct 1 GW of renewable energy portfolio in the Philippines. The Philippine firm said the renewables portfolio will entail an investment of $1.2 billion over the next
March 11, 2024
IFC green loan to speed up renewable energy in Thailand, Indonesia, and Vietnam
The International Finance Corporation, a member of the World Bank Group, and Siam Commercial Bank of Thailand have decided to provide a green loan to Thailand's renewable energy company, Sermsang Palang Ngan (SPN), totaling approximately 64 million USD.
March 08, 2024
Vietnam anticipates renewables to make up 70% of power mix by 2045
Vietnamese Prime Minister Pham Minh Chinh officially approved the "2030 National Energy Development Strategy" on Mar. 1. The strategy aims to increase the proportion of renewable energy to 15%-20% by 2030 and expects to reach 65%-70% by 2045.
February 23, 2024
Changi Airport, Keppel initiate Singapore’s largest rooftop solar project
Changi Airport Group (CAG) has embarked on a project in collaboration with Keppel, marking the commencement of construction for a vast solar PV system across the rooftops of Changi Airport’s terminals and a designated area within its airfield.
February 23, 2024
Thailand’s new power plan expected to be implemented by Q2
Thailand’s new power development plan is expected to be finalized by Q2 and will focus more on renewable energy. The final decision on whether to include nuclear power as part of the alternative energy mix will be made by the minister.