News

Taiwan’s state-owned utility Taipower published on Nov. 7 the first batch of auction results for small amounts of green energy following the introduction of the bidding platform in late October, with 47 enterprises securing contracts.

Sinpapore’s Sembcorp Industries reveals its latest 5-year strategic plan on Monday. It will invest 10.5 billion SGD（7.8 billion USD）, about 75% of total investment, to support renewable energy.

EVN expects the cost of electricity production of 2023 is still higher than retail price by 9.3% although fuel prices lowered for the past few months.

Philippine Economic Zone Authority said on Nov. 3 that it has secured P20.6 billion (US$365 million) worth of investment leads and pledges from Taiwanese investors for developing green energy and sustainable enterprises.

South Korea’s SK Group will reinforce its partnership with the Vietnamese government to boost eco-friendly business in areas ranging from carbon capture to waste recycling, solar and wind power.

Indonesia slashes its 2030 target for carbon emissions from the power sector and boost its renewable energy generation share in a draft roadmap released on Nov. 1 for $20 billion in financing from rich nations to wean off coal.

Indonesia’s abundant geothermal resources have attracted Iceland’s attention, as the geothermal power pioneer seeks to partner with the Southeast Asian nation to harness its huge untapped geothermal potential.

Singapore to bring in 1.2 GW of green electricity from Vietnam to achieve renewable imports goal.

Philippines’s Vivant Energy, Aboitiz Renewables and Singapore’s Renewables energy developer Vena Energy have inked an agreement to develop the 206 MW San Isidro Wind project, in the Philippines.

Philippine Board of Investments (BOI) is giving more incentives to registered projects that will be supplying electricity by installing their own renewable energy facility.