News
April 29, 2024
Vietnam may allow businesses to buy green power without EVN’s involvement
Vietnamese Ministry of Industry and Trade (MOIT) has proposed that the government allow manufacturing businesses to buy electricity directly from renewable energy sources, regardless of the involvement of the Vietnam Electricity Corporation (EVN).
April 29, 2024
IEA says drop in storage battery costs will boost transition to renewables
The International Energy Agency (IEA) predicts that a significant decline in battery costs for energy storage over the next few years will accelerate the transition from fossil fuels to renewable energy, as reported on Apr. 25.
April 26, 2024
ACEN to invest $15 billion to expand renewable power capacity
ACEN Corp., the energy arm of Philippine conglomerate Ayala Corp., anticipates investing $15 billion to expand its renewable power generation capacity to 20,000 MW by 2030.
April 26, 2024
China's carbon price hit 100 yuan for first time as regulations tighten
China's carbon price has surpassed 100 yuan for the first time since the market's launch in mid-2021, as major polluters ramp up purchases ahead of the implementation of stricter standards.
April 25, 2024
Thai renewable energy firms form strategic alliance for waste-to-energy projects
Four renewable energy companies in Thailand have announced the formation of a strategic alliance to jointly invest in waste-to-energy projects. They plan to construct a total of 12 power plants with a combined installed capacity of 96 MW.
April 25, 2024
Vietnam's wind power industry upbeat despite regulatory delays, report says
According to the 2024 Global Wind Energy Report, Vietnam's wind power industry showed signs of hope in 2023 after a challenging year. It also calls on the government to accelerate the formulation of regulations through inter-ministerial tasks.
April 25, 2024
Study to explore Singapore’s geothermal potential set to begin later this year
A S$16 million two-year nationwide study to assess Singapore’s geothermal power potential expected to commence in the second half of 2024, according to the Energy Market Authority (EMA).
April 25, 2024
EU offers $30 million for carbon removal project proposals
The European Commission has announced a $30 million call for proposals to provide funding support for carbon removal projects in the region.
April 24, 2024
Sam Altman ventures into renewable energy to tackle data center power demands
Sam Altman, OpenAI CEO, to address the massive power demands of data centers, has recently expanded into renewable energy, particularly focusing on solar power and energy storage, alongside investments in nuclear fusion technology.
April 24, 2024
Global plastic treaty talks face uncertainty amid opposition from oil and gas producers
“Global plastic treaty” took place on Apr. 23 in Ottawa, where international representatives gathered to discuss on how to halt plastic pollution. However, with opposition from major oil and gas countries, reaching a consensus on the draft remains uncerta
