News

Vietnam is battling electricity cuts caused by a heatwave which has revealed problems in structure and bureaucracy restricting available power to 50% of installed capacity and impeding efforts to access $15.5 billion in global climate funding.

Solar in Southeast Asia is set for a rebound, after a two-year market contraction triggered by Vietnam’s abrupt suspension of its feed-in-tariff policy in 2020, the Asian Photovoltaic Industry Association (APVIA) and the Global Solar Council (GSC) indicat

Indonesia could reach net-zero emissions by 2055, five years ahead of the government’s goal of 2060, if it receives financial and technology support, Indonesia’s Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan said on Tuesday.

Indonesia’s Energy and Mineral Resources (ESDM) Ministry has revealed that the use of new and renewable energy (EBT) in 2022 reached 300 MW.

Two Chinese manufacturers of energy storage systems and batteries are considering investments worth hundreds of millions of dollars in Vietnam, according to industry and government sources.

A new coalition called UAE Carbon Alliance making up of UAE companies has been established to develop and grow a carbon market in the United Arab Emirates.　

The International Emissions Trading Association (IETA) has launched its Asia hub in Singapore on Jun 8.

As temperatures soared above 45°C in South and Southeast Asia in recent weeks, governments faced challenges in meeting unprecedented electricity demands due to the widespread use of air conditioning.

The global floating solar market is projected to surpass 6 GW by 2031, as PV developers struggle to meet increasing solar demand and turn to alternative technologies for development, according to Wood Mackenzie.

Perusahaan Listrik Negara (PLN), Indonesia’s state utility company, seeks a $700-million investment to deploy a 200 MW solar panel that will replace diesel power generators to reduce carbon emissions, the company announced on May 27.