The official launch of the seven projects is scheduled in January 2019. The European Union (EU) inked seven new clean energy contracts worth $23.86m (EUR21m) with Philippine civil society organisations, cooperatives, authorities, and universities to help provide for 40,000 households. This is in line with the Department of Energy’s 100% of electrification goal for 2020. […]

The Asian Development Bank (ADB) will invest 5 billion baht (US$155 million) in the maiden green bonds by B.Grimm Power Public Company of Thailand, representing the first certified climate bonds to be issued in Thailand. These details were announced on December 11. The transaction comprised of two tranches – five years and seven years – […]

BANGKOK — The power generating arm of Thailand’s oldest industrial group, B. Grimm, has issued 5 billion baht ($152 million) in “green bonds” to raise funds for further investment in its renewable energy business. “We invested a lot in Vietnam, and we are now looking for business opportunities in Malaysia, Laos, Cambodia and the Philippines,” said Preeyanart Soontornwata, president of […]

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 […]

KATOWICE, Poland, Dec 11 2018 (IPS) – Although Indonesia has attained decent economic growth of over five percent in the last decade, in order to ensure sustainable growth in the future the switch to renewable energy (RE) will be critical, says the country’s government. “If we don’t focus on low carbon development, we cannot continue […]

MANILA, Philippines — Ayala Corp., the country’s oldest conglomerate, is bent on aggressively growing its renewable energy portfolio to become an even bigger RE player in the country and beyond, its president and COO Fernando Zobel de Ayala told The STAR. In an email interview, Zobel said the company’s renewable energy investments have been growing fast. Thus, the […]

ENVIRONMENTAL watchdog Greenpeace has called Thailand’s Power Development Plan 2018 (PDP) “sugar-coated” despite its embrace of more renewable energy, saying it still hinders efforts to reduce greenhouse-gas emissions. The Energy Policy and Planning Office (EPPO), which drafted the PDP, affirmed at public hearings last week that it had removed plans for the Krabi and Thepa […]

What is the overall objective of the Vietnam Energy Partnership Group? The Vietnam Energy Partnership Group (VEPG) was established in June 2017 under an agreement between the Vietnamese government and development partners with the purpose of strengthening mutual partnerships and better aligning and co-ordinating external support to the Vietnamese energy sector. The VEPG is chaired […]

December 5 (Renewables Now) – Finnish consulting and engineering firm Poyry Plc (HEL:POY1V) said on Monday it has entered into a three-year framework agreement for the development of various renewable energy projects in Indonesia, including hybrid schemes. The contract was awarded by PT Indonesia Power, a unit of state-owned power distributor PT PLN, and covers […]

Indonesia is one of the world’s largest emitters of greenhouse gases, but manages to fly well below the radar. World leaders are gathered this month in Katowice, Poland, for COP24, the most important global meeting on climate change since the 2015 UN Climate Conference in Paris. At the top of agenda: getting countries to agree on […]