Chinese dams ramp up Lao external debt
The European Chamber of Commerce (Eurocham) yesterday highlighted the economic and environmental benefits of renewable energy, and appealed to firms with operations in the Kingdom to embrace green technologies. Speaking after a press conference on the green economy organised by the Club of Cambodian Journalists (CCJ), Rogier Van Mansvelt, vice chairman of the chamber’s green […]
Philippines utility aims to become ‘major player’ in renewable energy
The Manila Electric Company (Meralco), the major utility of the Philippines, plans to set up 1GW of solar and wind projects in the medium term, according to the head of the firm’s power generation unit. Rogelio Singson, president of Meralco PowerGen Corp. (MGen), told PV Tech: “There is a clear recognition that we want to […]
New target needed on Asean energy
THAILAND’S Energy Minister Siri Jirapongphan has asked the Department of Alternative Energy Development and Efficiency (DEDE) to conduct a study to revise the target for energy use under Asean Ministers on Energy Meetings (AMEM) after Asean countries reached the exisiting target sooner than planned in 2021. Siri said that a committee will study the new […]
SP Group unveils green energy trading marketplace
City Developments Limited and DBS were amongst the first of its renewable energy certificates (RECs) buyers. Singapore’s SP Group launched a digital marketplace powered by blockchain technology to allow companies to trade RECs which is a document used to offset the use of non-renewable energy, an announcement revealed. “Through blockchain technology, we enable companies to […]
Low-cost renewables revolution is coming to Southeast Asia
New analysis from Carbon Tracker shows it could be cheaper to build new renewable energy sources than to operate existing coal-fired power plants in Southeast Asia within 10 years. There are three inflection points that will make coal power economically obsolete: new renewables outcompete new coal; new renewables outcompete operating existing coal; and new firm […]
Acciona to Invest in Renewable Energy & Infra Projects in Philippines
Acciona S.A., a Spanish infrastructure company, has reportedly announced the expansion of its operations in Philippines and plans to recruit more manpower as it looks for opportunities in the renewable energy sector in collaboration with a local company. Reports cite, Acciona is weighing the potential of entering into a power purchase deal with private firms, […]
New Renewables Cheaper Than Old Coal In Southeast Asia
A new analysis from independent financial think tank Carbon Tracker has concluded that it would be cheaper to build new solar PV and onshore wind capacity in Indonesia, Vietnam, and the Philippines by the end of the next decade rather than continue operating existing coal-fired power plants. Carbon Tracker published three new country briefings on […]
Getting the green light to mitigate impact of climate change
THE United Nations Intergovernmental Panel on Climate Change (IPCC) recently published its special report on global warming, sending a strong warning both to world leaders and to all of us. We need rapid and unprecedented changes to our habits if we are to avoid major environmental, economic and social damage. While the timeframe may be […]
Renewable energy trading in Singapore runs on blockchain
The Singapore Power Group (SP) has initiated a marketplace, powered by blockchain, for renewable energy certificates (RECs). In a statement, the utilities provider said the blockchain-based platform, which was unveiled at the ASEAN Energy Business Forum, will help SP increase transparency and efficiency in its processes in REC transactions. Samuel Tan, chief digital officer at […]
Financing for clean energy projects pushed for ASEAN economies
SINGAPORE – To push more environment-friendly alternatives into the energy mix of economies in the region, a clean energy financing roadmap has been cast during the 36th ASEAN Ministers on Energy Meeting (AMEM) here. The crafting of the proposed financing framework had been done in collaboration with the International Energy Agency (IEA), a global energy […]