Indonesian energy company PT Pertamina (Persero) will allocate around nine percent of its total capital expenditure (Capex) for the 2020-2024 period for its entire new and renewable energy (NRE) initiatives.

While building owners and homeowners are ready to jump onboard energy efficiency projects to reduce energy consumption, there is often a lack of financing support and expertise to find the right energy service companies (ESCOs).

Finance Minister Sri Mulyani Indrawati in the G20 presidency press conference on Thursday said the government would need over Rp3,500 trillion or Rp3.5 quadrillion to finance Indonesia’s transition towards green economy, or low carbon, resource efficient, and socially inclusive.

Malaysia’s energy and natural resources ministry has launched the green electricity tariff (GET) programme which will offer a total of 4500 gigawatts hours (GWh) of electricity from renewables for purchase. GET customers will be charged an extra US$0.087 for each kWh of renewable energy purchased.

KUALA LUMPUR: RHB Banking Group has successfully structured Malaysia’s first Green Cross Currency Interest Rate Swap transaction set against environmental, social and governance (ESG) linked key performance indicators (KPIs) to hedge a US$100mil 2-year sustainable loan.

The Indonesian Minister of State-Owned Enterprises (BUMN) Erick Thohir has announced that PT Pertamina Geothermal Energy (PGE) will launch an initial public offering (IPO) in the second quarter of 2022. The capital raised from the sales will help fund PGE’s target to double their current installed capacity within the next five years.

SINGAPORE, Dec 2 (Reuters) – Singapore state investor Temasek is working with its portfolio companies to help them become more green as advancing sustainability goals becomes the new normal, the firm’s chief sustainability officer said on Thursday.

Every day, the factory Mohamad Lutfi runs in East Java turns 50 tonnes of plastic waste into pallets.

ACE Enexor, Inc. (ACEX) and Gen X Energy L.P. is set to acquire 50% each of shares in Batangas Clean Energy, Inc. (BCE), subject to clearance from the Securities and Exchange Commission.

THE DEPARTMENT of Finance (DoF) is considering the possibility of getting foreign governments to buy out their citizens’ shareholdings in corporations that run coal-fired power plants in the Philippines.