News
ASEAN
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 13, 2024Sembcorp’s first utility-scale solar and energy storage project in Indonesia
Sembcorp Industries has announced that its subsidiary, Sembcorp Renewables Indonesia, has formed a joint venture with PLN Nusantara Renewables to build a utility-scale integrated solar and energy storage project in Indonesia.
March 12, 2024Grab accused of greenwashing over its “carbon neutral” fee
The Malaysian non-profit organization RimbaWatch pointing out Grab, a Southeast Asian ride-hailing service platform, buying carbon credits through the Katingan Mentaya Project (KMP) have exaggerated offset effects and are suspected of greenwashing.
March 12, 2024Rapid decline of blue carbon in Southeast Asia due to human activity
Southeast Asia’s beaches have long captivated tourist’ attention, yet few have recognized another potential of its vast coastline: the ability of its rich marine life to reach carbon neutrality.
March 12, 2024Gentari partners with Solarvest for solar installation at over 300 Petronas stations
Solarvest Energy, a subsidiary of clean energy firm Solarvest Holdings, has been appointed by Gentari Renewables to install solar power systems at over 300 Petronas stations across Malaysia, marking a significant step towards sustainability.
March 11, 2024IFC 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, 2024Singapore to build world's largest ocean-based carbon capture plant
The National Water Agency along with the University of California, Los Angeles (UCLA), and the American startup Equatic, announced on Feb. 28 a $20 million investment to construct the largest-ever offshore carbon removal facility in Tuas, Singapore.
March 08, 2024Vietnam 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.
March 05, 2024Vietnam plans to set carbon emission quotas for cement and steel industries
After selling a considerable of carbon credits through the World Bank, the Vietnamese government is more optimistic about the prospects of the carbon credit market. According to statistics, Vietnamese corporations and organizations generate 41 million car
March 04, 2024Indonesia’s first hydrogen station boosts energy transition in transportation
Indonesia’s state electricity company, PLN, has inaugurated the country’s first hydrogen refueling station (HRS) in Senayan, Jakarta, providing hydrogen for vehicles. In addition to reducing the carbon emissions form transportation and helping the country