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Indonesia launches $20 billion renewable energy investment plan

JAKARTA, Nov 21 (Reuters) – Indonesia launched on Tuesday its investment plan to mobilise $20 billion in financing pledged by global lenders led by the United States and Japan to accelerate its power sector decarbonisation and called for immediate fund disbursement.

Philippines Secures $0.3M In Renewable Energy At APEC Summit

President Ferdinand R. Marcos Jr. played a crucial role in the 2nd Indo-Pacific Economic Framework for Prosperity (IPEF) Leaders’ Meeting held at the George R. Moscone Convention Center in San Francisco, California. Alongside global leaders, he committed to measures preventing supply chain disruptions, promoting green energy, and combating corruption.

Philippines Offers Incentives For Self-Financed Renewable Energy Projects

The Board of Investments (BOI) has introduced additional incentives for registered projects that will generate their own electricity through renewable energy facilities. Undersecretary Ceferino Rodolfo announced that a recent memorandum circular updates the guidelines for incentives related to energy efficiency and conservation projects, particularly those listed in the 2022 Strategic Investment Priority Plan.

Philippines urged to raise power investments to $62 billion

MANILA, Philippines — The Philippines will need to double investments in power systems to $62 billion by 2040 to accelerate the reduction of carbon dioxide emissions in the energy sector, according to the World Bank.

Saudi Arabia mulls energy investment in Vietnam

The government of Saudi Arabia will consider investing in Vietnam’s energy sector, especially renewables, and its large companies have also shown interest in the field.

European firm commits to invest 2 billion USD in Indonesia’s renewable energy

Jakarta (VNA) – Indonesia has secured a 2 billion USD worth of investment commitment in the renewable energy sector at the Indonesian-Europe Business Forum (IEBF) held recently in Jakarta, according to the Ministry of Foreign Affairs.

Calls to clarify Vietnam’s FIT issuance amid fairness concerns

Vietnam’s energy sector, in spite of attracting substantial investment interest in recent years, is encountering various challenges, notably in ensuring energy security and efficient management of resources, a session of the National Assembly heard on October 12.

Asian Development Bank pledges support for Cambodia’s finance sector

PHNOM PENH (Phnom Penh Post/ANN): Cambodian Minister of Economy and Finance Aun Pornmoniroth has announced that the Asian Development Bank (ADB) has committed to investing in projects related to climate change and private sector development. Those projects will focus on strengthening the financial sector over the next five years, in order to support small and […]

Myanmar’s rare earth mining suspension sends global prices skyrocketing

The continued shut down of Myanmar’s controversial rare earths mining sector has sent the price of the critical metal sky high. Led by a swarm of illegal miners, Myanmar has been one of the world’s largest producers of rare earths in recent years, with the majority of its output sent to neighbour China.

Thailand BOI Approves Investment Applications Worth USD1.1 Billion in EV, Renewable Energy, Data Centers, Travel Infrastructure Projects

BANGKOK, Oct. 11, 2023 /PRNewswire/ — The Thailand Board of Investment (BOI) yesterday approved investment promotion applications worth a combined 41 billion baht (USD1.1 billion) in projects including the manufacturing of electric vehicles (EV), the generation of renewable energy from waste, data centers, as well as travel and tourism infrastructure and equipment.