News

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.

Taiwan’s offshore wind development has gradually matured, offering vast business opportunities for localization and has geared up for entering the Southeast Asian market, according to speakers at the Offshore Wind Summit 2023.

Indonesia wants to develop projects on new energy sources such as nuclear, hydrogen and ammonia to achieve its Net Zero Emissions (NZE) by 2060 or sooner, according to the Ministry of Energy and Mineral Resources (ESDM).

Singapore is leading in efforts to achieve net zero, as pointed out by 150 industry leaders surveyed by SEAS, followed by Vietnam and Thailand.

Clean energy developer Masdar has inked a MoU with Malaysian Investment Development Authority to invest $8 billion in up to 10 GW of renewable energy projects in Malaysia.

Indonesia plans to unveil its $20 billion energy transition investment plan next month as Jakarta works to address issues related to funding and the energy mix for the initiative.