Thailand’s Gulf Energy Development Pcl on Friday said it has invested $409 million in a 49 per cent stake in Jackson Generation, a 1,200-megawatt gas-fired power project in Illinois, its first expansion into the United States.

SK Group is partnering with Gentari Sdn Bhd (Gentari), a clean energy solutions entity founded by Malaysian energy company PETRONAS, for clean energy business opportunities.

Vietnam Electricity (EVN) has been accepted as the investor of the US$1.19 billion Ô Môn III thermal power plant located in Cần Thơ City, under a decision issued by the municipal People’s Committee.

PH Renewables Inc. (PHRI), a subsidiary of MGEN Renewable Energy Inc. (MGreen), has secured a Php 2.65 billion loan for its 75-megawatt-AC (MWAC) solar project in Baras, Rizal.

Energy Secretary Raphael Lotilla on Wednesday said the Philippine National Oil Company Exploration Corp.’s (PNOC-EC) review of Razon-led Prime Infrastructure’s planned purchase of an operating stake in the Malampaya natural gas-to-power project is on track.

According to the Ministry of Industry and Trade, coal-fired power will fall some 23,400 MW, and liquefied natural gas (LNG) power more than 24,300 MW while solar power will grow 33,000 MW, onshore wind power 23,000 MW and offshore wind power 28,500 MW by 2045. Therefore, it is necessary for Vietnam to develop policies that encourage investment in clean energies.

Solarvest Holdings Bhd has launched Malaysia’s first renewable energy (RE) financial technology platform, Powervest. The company said Powervest was complementary to its solar financing solution and was established to promote RE adoption among commercial and industrial players via its zero initial cash outlay proposition.

Malaysia and Singapore have substantively concluded a framework of cooperation in the digital economy and green economy. Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the agreed areas of cooperation in the green economy were in line with the 12th Malaysia Plan’s goal.

Private investment was crucial to support the government in achieving energy transition towards low-carbon development by 2030 and net-zero emissions by 2060, Bank Indonesia’s (BI’s) Sustainable Finance Working Group (SFWG) President Haris Munandar stated.

Singapore’s national water agency PUB plans to launch its inaugural green bonds later this month. The bonds will be part of a new S$10 billion multicurrency medium-term note programme, the agency said on Thursday (Aug 18).