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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).

Malaysia should step up sustainability efforts to attract foreign investments

KUALA LUMPUR: As the world deals with the global climate crisis, it is crucial for Malaysia to enhance its sustainability initiatives to ensure a better future for the younger generation, said Swedish Ambassador to Malaysia, Dag Juhlin-Dannfelt.

Malaysia’s Maybank to implement $11.9 bln sustainable finance framework

KUALA LUMPUR, July 19 (Reuters) – Malaysia’s largest lender by assets, Malayan Banking Bhd (Maybank) (MBBM.KL), said on Monday it was committed to implementing a 50 billion ringgit ($11.88 billion) sustainable product framework within this year.

Laos wind power project signs cross-border PPA

Vietnam Electricity (EVN) has agreed to buy power from 600 megawatts (MW) windfarm the Monsoon Wind Project in southern Laos.

Indonesia’s growing interest for investment in Cambodia

Indonesia is interested in investment opportunities in Cambodia in the agriculture, agro-industry, renewable energy, construction and real estate sectors.

Indonesia, Singapore discuss investment, green energy

Jakarta (ANTARA) – Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto, on Tuesday said he met with Singapore Prime Minister Lee Hsien Loong and several ministers to discuss a number of issues, including investment and green energy.

Regulator maintains fuel tariff rate to assist with living costs

The Energy Regulatory Commission (ERC) has agreed to maintain the fuel tariff (Ft) rate at minus 0.1532 baht per kilowatt-hour (unit) despite a rise in fuel costs and lower electricity demand due to travel restrictions.

Vietnamese bank secures IFC loan for SMEs and climate projects

The International Finance Corporation (IFC) is providing a US$100 million long-term loan to Orient Commercial Joint Stock Bank (OCB) of Vietnam to help expand lending to small and medium enterprises (SMEs) and boost financing, especially for climate-friendly projects in the country. This is designed to facilitate greater private sector contribution to a green and sustainable […]

PEMC says systems developed in-house monitoring power spot market

THE PHILIPPINE Electricity Market Corp. (PEMC) said Thursday that two systems developed in-house are being used to monitor the wholesale electricity spot market (WESM).

Norway to create USD-1.14bn renewables fund for developing nations

Norfund announced on Wednesday that it will administer Norway’s new Climate Investment Fund, which will spend NOK 10 billion (USD 1.14bn/EUR 963m) over five years on renewable energy in developing countries.