News
RE Energy
June 25, 2024
Singtel expands internal carbon pricing policy to drive down emissions
Singapore's Singtel has announced the expansion of its internal carbon pricing policy. Going forward, any project with total carbon emissions exceeding 100 tons will be subject to a carbon price of SGD 50 per ton (about USD 37).
June 25, 2024Philippines greenlights 16 offshore wind farms, with first GW-scale project by CIP
Philippine approved the construction of 16 offshore wind farms, with an estimated potential capacity of 7,668 MW. The one built in San Miguel Bay with an installed capacity of 1 GW is going to be the first and largest offshore wind farm in the country.
June 24, 2024Pertamina announces $6.2 billion clean energy investment, targets 6 GW by 2029
Indonesia’s state-owned oil company, Pertamina, announced on June 21 that it will invest $6.2 billion over the next five years to expand its renewable energy development.
June 20, 2024Johor requires green energy for data centers to tackle power and water challenges
To meet the demands of cloud computing and artificial intelligence (AI), investments in data centers in Malaysia have surged. However, this has raised concerns about the shortage of power and water in Selangor, Johor.
June 14, 2024Why isn’t China’s emissions growth slowing like its GDP?
Despite slowing GDP growth, coal consumption is on the up, largely due to a failure to improve energy efficiency.
June 13, 2024PwC suggests three strategies for businesses facing Vietnam's net-zero hurdles
Despite clear policies, rising electricity demand and environmental disasters like droughts have pushed Vietnam to expand coal power. PwC suggests Vietnamese companies to create energy transition plans and strategies to tackle global climate change.
June 06, 2024Thailand aims for 50% renewable energy by 2040: What challenges lie ahead?
Recently, Prime Minister Srettha Thavisin announced at an event, "Thailand will achieve 50% renewable energy by 2040." However, Thailand's green energy share is only 16.61%. How will he achieve this goal? What challenges are there?
June 04, 2024Why is Vietnam stuck in power shortages, and how are they dealing with them?
The power shortage crisis in northern Vietnam last year is still vivid. With the expectation of electricity demand surge, Vietnam Electricity (EVN) has implemented various measures to manage power distribution and alleviate the pressure on supply.
May 31, 2024Abundant solar energy in Indonesia remains unexploited, venture firms say
Indonesia has abundant solar resources. Some venture capital firms believe that Indonesia's photovoltaic potential is underdeveloped and estimate annual demand could reach as high as 36 GW, which is seven times the total investment from 2018 to 2021.
May 30, 2024Indonesia's new capital attracts water businesses from Japan, Korea, and China
Water infrastructure companies from Japan, South Korea, and China are eager to participate in Indonesia's multibillion-dollar project to build a new capital, with the first phase of the relocation set to begin in August.