US$692 million loan secured to finance region’s largest wind farm in Laos
US$692 million loan secured to finance region’s largest wind farm in Laos A developer has signed a US$692 million loan agreement to finance the 600MW “Monsoon Wind Power Project” in Laos, the largest in Southeast Asia, according to media reports.
ADB Signs Loan for First Cross-Border Wind Power Project in Asia, First Plant in Lao PDR and Largest in Southeast Asia
The Asian Development Bank (ADB) and Monsoon Wind Power Company Limited (Monsoon) signed a $ 692.55 million nonrecourse project financing package to build a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic (Lao PDR) to export and sell power to neighboring Viet Nam. Comprising 133 […]
Masdar invests in Indonesian geothermal energy firm PGE
UAE-based energy company Masdar has entered the geothermal energy segment by making a strategic investment in Indonesian firm Pertamina Geothermal Energy (PGE).
US$500 Million ADB Loan to Support Indonesia’s Energy Sector, Green Recovery
TEMPO.CO, Manila, Philippines – On Thursday, November 24, 2022, the Asian Development Bank (ADB) had approved a US$500 million loan to support Indonesia’s energy sector reforms to boost fiscal sustainability and governance, expand private sector investments in clean and renewable energy, and promote green recovery from the coronavirus disease (COVID-19) pandemic, according to a press […]
Experts highlight Cambodia’s need for developing green finance system
Experts urged Cambodia to develop a green finance market system that would be attractive and appear sustainable to potential investors at the recently held Green Energy Finance: Challenges and Opportunities forum. The need for the private sector and the government to align infrastructure and energy projects with climate goals was also highlighted.
Mubadala Energy Continues to Invest in Indonesia
Jakarta (ANTARA) – Mubadala Energy, the international energy company headquartered in Abu Dhabi, UAE, has reaffirmed its commitment to Indonesia following the G20 and B20 events taking place in Bali, Indonesia.
Vietnam nears US$11bil-plus deal to shift economy from coal
HANOI (Bloomberg): Vietnam is set to follow Indonesia and South Africa with a climate financing package of at least US$11 billion to shift its economy away from coal and boost the rollout of renewable energy sources.
Intl group led by US, Japan to help Indonesia raise USD 20bn for energy transition
The government of Indonesia and a group of international partners that includes the European Union (EU) are uniting to help the archipelagic state raise at least USD 20 billion (EUR 19.38bn) under a newly-announced Just Energy Transition Partnership (JETP).
Vietnam should assure investors with stable regulatory frameworks: IFC
Kim See-Lim, regional director, East Asia and the Pacific, for the World Bank’s International Finance Corporation (IFC), says Vietnam should set up stable regulatory frameworks and make quicker decisions to realize its carbon-neutral target.
Vietnam wants World Bank to play important role in energy transformation
CAIRO, Nov 11 (Bernama): Vietnam wants World Bank to play an important role in energy transformation and continue with its initiatives using financial resources related to climate change effectively.