Global investors to continue to invest in renewable energy

MANILA, Philippines — Global debt and equity investors continue to pour in capital into the renewable energy sector, which is consistently providing investment opportunities despite the ongoing COVID-19 pandemic, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

Awarded: Geotechnical contract for Vietnam offshore wind farm

The La Gan Wind Power Development Corporation owned by Copenhagen Infrastructure Partners (CIP), Asiapetro and Novasia, has awarded an offshore geotechnical contract to a consortium led by Vietsovpetro, PTSC G&S and Fugro.

Singapore’s grip on US$30b oil market challenged by China

Singapore is facing the greatest competition yet to its status as the dominant marine fuel supplier in Asia, with China luring more ships to its shores following a rapid expansion of its port and refining facilities.

Gas-fired plant to get the nod

Government agencies are set to approve a 1,400-megawatt gas-fired power plant project in Surat Thani this year, replacing two highly contentious coal-fired power plant projects in the southern region.

Sunseap announces 2.2 GW floating PV project at Indonesian water reservoir

Singaporean solar developer Sunseap has signed a memorandum of understanding with the Batam Indonesia Free Zone Authority (BP Batam) – which is the public authority responsible for the management, development, and construction on the island of Batam in Indonesia – for the construction of a 2.2 GW PV floating project at the Duriangkang Reservoir in the southern part […]

Thailand’s GPSC acquires Taiwan offshore wind stake for US$500 million

Bangkok-listed Global Power Synergy Public Company Limited (GPSC) has acquired a 25% stake in the 595MW Changfang and Xidao (CFXD) offshore wind farms in Taiwan. The Thai company, a subsidiary of state-owned oil and gas group PTT, is paying US$500 million for the shares.

AC Energy and partners invest $445M in Vietnam wind farms

AYALA-LED AC Energy Corp. and its partners are pouring in $445 million for the joint development of five wind farms in Vietnam as the publicly listed energy platform recognizes the country as ideal for sustainable investments. 

Vietnam now AC energy’s biggest renewable market

Vietnam is now AC Energy Corp.’s largest market to date outside the Philippines with a total renewable energy (RE) capacity of 1,000 megawatts (MW).

EMA, Shell renew partnership with $4m funding to grow Singapore energy start-ups

SINGAPORE – The Energy Market Authority (EMA) and energy company Shell have committed $4 million with support from Enterprise Singapore (ESG) to grow local energy start-ups, as part of a renewed partnership.

Govt raises P257B from fuel-marking

The government generated more than P257 billion in duties and taxes through its fuel marking program, data released by the Department of Finance (DOF) on Monday showed.