News

Indonesia’s PT Barito Renewables energy Tbk is preparing an IPO on the Indonesian stock exchange, following PT Pertamina Geothermal Energy Tbk, another geothermal operator that entered the market earlier this year.

Solarvest said it has acquired rooftop solar projects totaling 12.8 MWp in Vietnam, with another 100 MWp being tendered in the country.

The state government of Sarawak is studying the possibility of utilizing wood pellets to generate additional energy, according to Premier Abang Johari.

Malaysia’s largest renewable energy power plant at Bukit Tagar Enviro Park, Selangor with a capacity of 12 MW has commenced operations.

Renewable energy deals are spreading across Southeast Asia as the region works to transition away from fossil fuels, with electricity-hungry Singapore as a driving power.

Singapore’s first electric cargo vessel is scheduled to begin trials and launch in the fourth quarter to support the electrification of marine craft.

ACEN announced that its subsidiary had agreed with Indonesian company to explore potential renewable energy projects in Indonesia.

Thailand is expected to announce a new energy price structure around the end of this year or early 2024 to attract businesses to invest in renewable energy projects.

Southeast Asia is the world's third-largest two-wheeler market. In Indonesia, the biggest ride-hailing service operator Gojek, plans to replace all two-wheelers with electric motorbikes by 2030.

Singapore may start importing 2 GW of renewable energy annually from Indonesia within five years. These imports would account for 15% of its annual needs, marking its largest-ever cross-border electricity deal.