News

U.S. Under Secretary Jose W. Fernandez announced in his visit to Vietnam on Jan. 26 that 15 U.S. firms are prepared to invest in Vietnam, with a total amount of 8 billion USD, and most of the investment would focus on clean energy infrastructure.

Effecting the energy transition is no simple matter, however. Large-scale deployment of renewables requires enormous investment. Yet in ASEAN, as in developing countries elsewhere, such projects face a range of problems.

The Ministry of Energy Transition and Public Utilities in Malaysia, through the SEDA, has approved the development for the implementation of 22 renewable energy projects from biogas and biomass, with a total capacity of 36.534 MW.

Wind and Solar capacity in the ASEAN region increased by 20% in 2023, bringing the total to over 28 GW. According to a new report from Global Energy Monitor (GEM), the technologies now account 9% of electricity generating capacity in ASEAN countries.

Local governments in the Philippines are promoting green energy and sustainable development. The Iloilo City government has tapped solar power to meet at least one-third of its around 200 KW daily demand.

The public hearing on the Energy Ministry’s Utility Green Tariff (UGT) project is expected to be held this month, with the tariff anticipated to be implemented in February, as announced by Thailand’s Energy Minister Pirapan Salirathavibhaga on Jan 15.

French energy startup New World Wind has developed the “WindTree”, a tree-shaped turbine equipped with micro-wind turbines called Aeroleaf Hybrid. These leaves keep rotating to capture the air and solar panels absorb sunlight just below the leaves.

The latest report from the Indonesian Geothermal Association (API) reveals that the geothermal power generation capacity is projected to increase by only 43MW by 2023, falling significantly short of the 190MW target.

Vietnam Electricity Group (EVN) held its annual conference on Jan. 2, to review the past year's performances and announce new objectives. The attention was focused on how to resolve the power shortages issue and whether electricity prices will rise again.

A recent report from the Malaysia Investment Bank suggests that in the next 5-10 years, listed companies in ASEAN countries will significantly adopt green energy, especially as global pressure to reduce carbon intensity continues to rise.