MANILA, Philippines — AC Energy Inc., the energy platform of the Ayala conglomerate, has appointed BPI Capital as the sole global coordinator for its proposed green notes offering. In a disclosure to the Philippine Stock Exchange, AC Energy said it is proposing the offering of fixed for life (non-deferrable) senior perpetual non-call three-year green notes. […]

The Asian Development Bank (ADB) plans to invest 5 billion Thai baht (US$155 million) in Thailand-based B.Grimm Power Public Company Ltd via five- and seven-year green bonds. Reportedly, the bonds are the first certified climate bonds issued in the country. According to the bank, the proceeds have been earmarked for nine operational solar PV plants […]

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. […]

The agreement will allow ADB and Infrastructure Asia to help state-owned enterprises, regional and municipal governments, in Southeast Asia in improving their institutional, financial, and governance capacities for developing innovative and green infrastructure programs and projects The Asian Development Bank (ADB) and Singapore’s Infrastructure Asia today signed a cooperation agreement to help governments in Southeast […]

Abu Dhabi National Oil Company (Adnoc) completed its $600 million (Dh2.2 billion) pipeline infrastructure investment agreement with GIC, Singapore’s sovereign wealth fund, alongside BlackRock, KKR and Abu Dhabi, Retirement Pensions and Benefits Fund (ADRPBF) as co-investors, boosting the total deal value to about Dh18bn. “The successful final closing of this landmark transaction is a clear […]

The long-awaited dream of turning Yangon, Myanmar’s commercial hub, into a smart city may soon be realised with the support of Amata Corporation Pcl, Thailand’s largest industrial estate developer. VikromKromadit, chairman of Amata Corporation Pcl, said at a signing ceremony on Thursday (August 22) that the firm would bring advanced technology and quality investors to […]

The 2023 ASEAN Chair agenda, themed “Epicenter of Growth,” highlights two crucial principles: energy security and funding stability. To bolster the energy transition in the region, ASEAN leaders underscored the need for innovative financing solutions.

The Asean Centre for Energy (ACE), a regional organisation representing the energy interests of 10 Southeast Asian nations, has launched a new “Sustainable Renewable Energy” department, which will focus on industrial and transport applications for clean energy. Beni Suryadi, who leads the “Power, Fossil Fuel, Alternative Energy and Storage” team at the Jakarta-based centre, will concurrently […]

Rise in the energy demand and depleting fossil fuels is pushing the market towards non-conventional sources of energy. Energy demand is expected to increase by 70% between 2012 and 2035. The existing conventional sources of energy are depleting at a much faster rate than expected and their depletion is equally proving detrimental to the climate. […]

Commercial fleets and two-wheeled vehicles are expected to be the biggest drivers of growth in ASEAN’s electric vehicle (EV) market. A recent report by consultants Bain & Company estimates that the region’s annual new investment in passenger EVs will grow to US$6 billion by 2030, and will require another US$500 million in new charging infrastructure […]