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Positive outlook for financing floating solar projects in Southeast Asia

The proven ability to install large-scale floating PV plants on water bodies across Southeast Asia means financing should be readily available for new projects, it was suggested during a panel discussion today.

15 join GMAC green project

At least 15 garment factories are now involved in the Switch Garment project, an initiative to promote sustainable energy enhancement and investment in clean energy technologies in the garment sector in Cambodia.

Boost to clean energy investment could drive 10 million new green jobs

If funded, about 13,000 renewable energy projects proposed in nearly 50 countries could slash emissions and create work, researchers find.

China overtakes US in ASEAN investments

Large Chinese investments are overtaking US financing in ASEAN, according to Nikkei Asia. The mainland has already invested more than $5.3 billion under its Belt and Road Initiative (BRI), according to the University of Southern California’s US-China Institute in Los Angeles. On June 22, the mainland agreed with Cambodia to intensify cooperation in transportation networks. […]

Philippine banks move at slow pace in defunding coal

At least 10 Philippine banks give $841 million in loans and participated in $1.3 billion worth of underwriting activities involving at least five coal companies since the 2015 Paris climate agreement

CNOOC Gas & Power sizing up entry into new Cambodia LNG import terminal

CNOOC Gas & Power, China’s largest liquefied natural gas project developer, is considering farming in to an LNG import terminal to be built in Cambodia’s capital Phnom Penh.

TNB establishes renewable energy investment, asset management company in ESG push

KUALA LUMPUR (July 2): Tenaga Nasional Bhd (TNB) said its newly-established renewable energy (RE) investment and asset management company Vantage RE Ltd will own, operate and manage a portfolio of RE assets in the UK and Europe as part of the Malaysian government-controlled utility’s global environmental, social and governance (ESG) efforts.

Senate approves four draft proposals on energy investment projects

The Senate today endorsed and approved four draft government proposals to guarantee the payment of nearly $1 billion in energy investment projects.

French Development Agency lends 74.7 million EUR to EVN’s hydropower project

Hanoi (VNA) – The Vietnam Electricity Group (EVN) on June 29 signed a credit agreement with the French Development Agency (AFD) on a loan of 74.7 million euros (82.6 million USD) to develop the expanded Ialy hydropower plant in the Central Highland province of Gia Lai.

Samsung urged to use 100% green energy in South Korea and Vietnam

HO CHI MINH CITY/SEOUL — Samsung must switch to using 100% renewable energy in South Korea and Vietnam — the tech conglomerate’s two biggest production bases — even as those countries plan to build more coal-fired power plants, Greenpeace said in a report on Tuesday.