Singapore’s Mooreast Holdings has announced plans to expand its mooring and rigging solutions products range and to enhance partnerships with international players as it eyes expansion in the global floating offshore renewable energy sector following an IPO last November.

“Developing nuclear power is an ongoing inevitable trend in the world,” Minister of Industry and Trade Nguyen Hong Dien told the National Assembly on Monday, according to a statement posted on the government’s website.

MANILA, Philippines – President-elect Ferdinand Marcos Jr. said on Thursday, May 26, that he will be pushing for lower electricity rates, as he mentioned adding nuclear power to the energy mix.

HANOI, May 25 (Reuters) – Construction is due to start on Vietnam’s first green hydrogen plant next month, the government said on Wednesday, as the Southeast Asian country seeks to boost the use of cleaner energy while reducing dependence on coal in its power mix.

HYDROPOWER and geothermal power plants will soon be built in the Visayas to provide additional power supply in the island. Department of Energy (DOE) Visayas Director Russ Mark Gamallo said a feasibility study on hydropower plant is being conducted in Western Visayas, while the proposed geothermal power plant in Carigara, Leyte has already been approved.

Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30 per cent in order to ensure the country’s energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday (May 23).

President Rodrigo Duterte on Monday expressed hope that the next administration will explore the possibility of using nuclear energy in the Philippines amid rising oil prices. Oil prices have surged for more than 10 straight weeks as the Russia-Ukraine war affected the global crude oil supply since late February this year.

Globally, GWEC Market Intelligence expects 557 gigawatts (GW) of new capacity—or more than 110 GW of new installations each year until 2026 – will be added in the next five years under current policies.

Presumptive President Ferdinand “Bongbong” Marcos Jr. on Monday said he was looking into reviving the mothballed nuclear power plant built during his late father’s dictatorship. The Philippines needs to be ready with higher power supply “if we are going to industrialize post-pandemic,” Marcos told reporters in a press conference after his meeting with several ambassadors.

Many countries in the world are now competing to apply new and renewable energy (EBT) for their sustainable economic growth. For Southeast Asian countries that depend on the agriculture and livestock industries, slower progress in introducing and adopting EBT could bring a real challenge to their gross domestic product (GDP) growth in the long term.