Thailand’s GPSC acquires Taiwan offshore wind stake for US$500 million
Bangkok-listed Global Power Synergy Public Company Limited (GPSC) has acquired a 25% stake in the 595MW Changfang and Xidao (CFXD) offshore wind farms in Taiwan. The Thai company, a subsidiary of state-owned oil and gas group PTT, is paying US$500 million for the shares.
Thailand’s PTT squeezes Shell and Exxon with gas station buildup
BANGKOK — Energy group PTT aims to extend its already wide lead in Thailand’s filling station market with a 30% increase in locations, adding to concerns that the state-owned company is throttling private-sector competition.
The Philippines: Shell Looking to Sell Malampaya Stake
Royal Dutch Shell PLC is looking to sell its 45% stake in the Malampaya gas-to-power project in the Philippines, a key power source for the country’s main island of Luzon, its local unit said on Thursday.
TNB’s six game changers to jump-start power sector
KUALA LUMPUR: Tenaga Nasional Bhd is focusing on six game-changing areas to spearhead the growth in the national power sector. They are “Grid of the Future”, building a global solar manufacturing hub, raising national competitiveness through energy efficiency, electrifying mobility for Malaysia, advancing connectivity for the country’s digital economy and “Reskilling Malaysia”.
TotalEnergies, one of the fastest growing providers of solar energy distributed generation in Asia
SINGAPORE, Sept. 15, 2021 /PRNewswire/ — TotalEnergies has reached more than 100 MW of on-site solar projects including with Danone, Renault-Nissan, Betagro, Chandra Asri (see more details here).
Trafigura to develop 2 GW of renewables
Oil and metals trader will join forces with Australian investment group IFM to launch the new entity, which will develop solar, wind and energy storage projects – some of them supplying clean energy to Trafigura operations – as well as making acquisitions
Trungnam Group affirms not to divest controlling stakes in renewable energy projects
TheLEADER Nguyen Tam Tien, general director of Trungnam Group, affirms that the company has enough resources to build and operate renewable energy projects. Trungnam Group has sold stakes in two renewable energy power plant projects in Ninh Thuan province only within a short time.
Tuas Power joins growing list of companies planning renewable energy imports
SINGAPORE (THE BUSINESS TIMES) – Tuas Power has joined a growing list of companies planning renewable energy imports as Singapore looks to diversify its electricity supply and cut emissions.
Udenna unit ‘financially ready’ to operate Malampaya project
UDENNA Corp. subsidiary Malampaya Energy XP Pte Ltd. said it is financially prepared to operate the Malampaya project as its pending acquisition of shares in the gas field’s operator Shell Philippines Exploration B.V. (SPEx) was fully underwritten and funded through bank loans.
US-backed clean energy project launched in Da Nang
Da Nang has launched a project with support from the U.S. Agency for International Development to promote urban energy security. The $14-million program will run through 2023, deploying energy solutions in Da Nang and Ho Chi Minh City.