Unveiled at the climate summit COP26 taking place in Glasgow, the Association of South East Asian Nations (ASEAN) Catalytic Green Finance Facility, managed by the Asian Development Bank, will increase access to finance for critical infrastructure for ASEAN countries, and will support the development of sustainable infrastructure projects such as renewable energy, clean transportation or […]

HANOI: The government of Vietnam is building open mechanisms to mobilise private investment in power projects, especially in renewable energy (RE).

GLASGOW – The Philippines will present its newly launched Sustainable Finance Roadmap before policymakers at the 26th United Nations Climate Change Conference of the Parties (COP26) being held here as a model for other emerging economies to incorporate climate and environmental factors in mobilizing funds to build a sustainable and resilient economy.

Filipino renewables developer Solar Philippines this morning announced it will finance the first 225 MW of generation capacity at a planned more-than-500 MW project on the island of Luzon by floating the project company which is preparing the plant.

November 2 (Renewables Now) – Philippines-based AC Energy Corp (PSE:ACEN) said today it has secured board approval to set up a joint venture (JV) with compatriot CleanTech Global Renewables Inc to work on a 200-MW SC solar project in the Philippines’ Cagayan province.

SINGAPORE – Clean energy solutions provider Sunseap Group has obtained $85.8 million in green financing for its project to install solar photovoltaic (PV) systems across more than 1,200 Housing Board blocks and 49 government sites.

The Asian Development Bank (ADB) must delay soliciting financial support for its coal buy-out scheme in Southeast Asia at COP26 until it has addressed a number of practical concerns about this proposal, including the risk it could undermine an ambitious, swift, and just transition from coal in targeted areas, an alliance of non-governmental organizations from […]

The United States Agency for International Development (USAID) will extend to the Philippines at least $82.4 million in grants during the next five years to support projects for climate resilience, clean and efficient energy, faster internet, as well as women empowerment.

As part of their parent conglomerate’s goals of having net zero greenhouse gas emissions, AC Energy (ACEN) has signed a power supply agreement (PSA) with sister firm Ayala Land to provide it with renewable energy (RE) until 2050.

The Asian Development Bank (ADB) and the Philippine government, together with Indonesia and Vietnam, are considering the implementation of the energy transition mechanism (ETM) to finance the shift to cleaner energy sources.