Showing 571-580 of 622 results

Indonesian institutions struggle to get funding for green energy projects

Securing funding for environmentally friendly projects has not been a straightforward process for Indonesian companies and organizations, many of which are unaware that certain standards need to be fulfilled before applying for funding for green energy projects at international and multilateral organizations. The standards are considered basic: Write a clear proposal and comply with the […]

ADB, IFC invest in Ayala energy unit’s green bonds

AC Energy, Inc. has attracted two of the world’s biggest development lenders International Finance Corp. (IFC) and the Asian Development Bank (ADB) to the Ayala-led company’s multi-million dollar green bond offering that will fund regional renewable energy projects, company officials said. “In total now, we have $410 million from the green bond offer,” Eric T. […]

Indonesia oil giant mulls $1-billion LNG project in Philippines

MANILA, Philippines — Indonesia’s second biggest crude oil producer, PT Pertamina, is looking to invest $1 billion for the development of liquefied natural gas (LNG) in the Philippines through a regasification hub project, the Department of Trade and Industry (DTI) said yesterday. Trade Secretary Ramon Lopez said PT Pertamina has expressed interest to do business […]

Renewable energy investment partnership targets projects in ASEAN

A new $60 million Singapore-based investment entity has been formed to pursue renewable energy projects in Southeast Asia, with projects in the Philippines, Indonesia and Myanmar first in line. To be based in Singapore, a trio of firms has announced the formation of CleanGrid Partners – a $60 million investment entity which will finance and […]

Global Power Synergy set to grow power and utilities

Chawalit Tippawanich, president and chief executive for PTT’s power arm, GPSC, said that its board on Monday agreed that either the company or a yet-to-be-established subsidiary, would purchase the energy recovery unit in a deal worth no more than Bt24.11 or about $757 million. The unit is part of TOP’s capacity expansion project, Clean Fuel […]

New multi-stakeholder initiative seeks to make finance sector ally of sustainability

HCM CITY — The Asia Sustainable Finance Initiative was launched in Singapore on Monday to help shift Asia’s financial flows towards sustainable economic, social and environmental outcomes. With WWF as its secretariat, the multi-stakeholder platform will bring together the finance industry, academia, and science-based organisations, to support Singapore-based financial institutions in deepening their sustainable finance […]

Financial institutions key in directing funds towards green development: Masagos Zulkifli

SINGAPORE: Financial institutions play an important role in directing capital flows towards sustainable development, Environment and Water Resources Minister Masagos Zulkifli said on Tuesday (22 Jan). Speaking at a forum organised by Eco-Business and the United Nations Environment Programme, Mr Masagos added that the success of economies and businesses will depend on how well they […]

Three Singapore firms to invest $100m in Southeast Asian renewables projects

Projects in the Philippines, Indonesia, and Myanmar are already in the pipeline for financing. Singapore-based firms WEnergy Global, ICMG Partners, and Greenway Grid Global (GGG), an investment company with TEPCO Power Grid Inc (TEPCO-PG) as one of the major shareholders, have formed an investment entity of $60m. According to an announcement, this entity will finance […]

Another oil price hike set for January 22

MANILA, Philippines – Oil companies will implement another fuel price hike on Tuesday, January 22, marking the 3rd straight week of increases. Caltex, Shell, Flying V, Phoenix Petroleum, Total, Petro Gazz, Seaoil, and PTT Philippines announced that they will be imposing a P0.10 per liter increase on gasoline and a P0.40 per liter hike on […]

NEA allots P165 million for renewable energy

MANILA, Philippines — State-run National Electrification Administration (NEA) is allotting P165 million this year for renewable projects this year. The projects include the installation of 5,000 solar home systems in rural areas. Pushing for renewable energy projects will help in meeting NEA’s target of energizing 775 more sitios nationwide this year. “Electric cooperatives are rising […]