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‘Coal is still king’ in Southeast Asia even as countries work toward cleaner energy

Coal is still a dominant fuel in the rapidly growing economies of Southeast Asia, even amid a general global move toward cleaner energy sources, data from several recent reports show. “The narrative surrounding coal has been pessimistic across the world. This will result in the gradual slowdown of new coal-fired capacity in Southeast Asia,” said Jacqueline Tao, […]

‘No fish’: How dams and climate change are choking Asia’s great lake

For more than half a century, January meant prime fishing season for Pang Bin. He took his wooden boat out into Cambodia’s largest lake, his catches and their sales sustaining his family for much of the year. This month, the 75-year-old decided to call it quits, but not because of age or any health concerns. […]

‘Trashing’ it out: Waste management across Asia

The world is generating more waste than ever. Rubbish created in Asia-Pacific is projected to increase from about 802 million tonnes in 2016 to 1.1 trillion tonnes in 2030. In Southeast Asia alone, waste volume has been increasing rapidly since 2000, reaching about 150 million tonnes in 2016. By 2030, the amount is estimated to […]

2.2m jobs by 2030: Clean energy’s employment promise for Asean

Before his father entered the operating theatre for emergency heart surgery in 2008, Robin Pho promised he would join the family’s business, an Indonesian supplier of manpower for the oil and gas industry, which had been struggling to stay afloat in the wake of that year’s financial crisis. When oil prices collapsed in 2014, many […]

3DOM Enters Singapore Market to Provide Reliable Battery Energy Storage Systems for Southeast Asia

SINGAPORE, Sept. 4, 2020 /PRNewswire/ — Japan-based smart energy solutions provider, 3DOM, has announced its entry into the Singapore market, where it has established its Southeast Asia (SEA) regional office, overseeing the fundraising and business development activities of the organisation outside of Japan, with a sharp focus on reliable battery energy storage systems (BESS).

8 charts on the private sector’s growing backing of clean energy

While private sector backed investments in renewable energy are on a steep growth trajectory in Asia, there is potential for much more, according to a new report by consulting firm EY and the European Climate Foundation. The joint report looked into the investment scene for renewable energy projects in eight Asian markets (Southeast Asia, Japan, […]

91% of banks in Southeast Asia still fund fossil fuel – WWF study

MANILA, Philippines — In the face of existential threats from climate change and environmental degradation, the majority of banks in Southeast Asia continue to finance new coal-fired power plants. This was the finding of the World Wide Fund for Nature (WWF), which 2019 Sustainable Banking Assessment (SUSBA) showed 91 percent of the banks in the […]

A global first: AC Energy launches $400-million green bonds for RE projects

AC Energy Inc. has successfully launched $400-million, fixed-for-life green bonds to finance the expansion of planned renewable-energy (RE) projects. The power arm of conglomerate Ayala Corp. said Wednesday that it has successfully set the terms of its inaugural US dollar-denominated, senior perpetual fixed-for-life green bond issuance at an aggregate principal amount of $400 million, with a […]

AC Energy eyes 2,000-MW RE projects in Asean region

AC Energy Inc. and The Blue Circle Pte. Ltd. (TBC) are committed to jointly build renewable-energy projects with around 2,000 megawatts of capacity across Southeast Asia, including 700 MW of RE projects in Vietnam. Both recently signed a shareholders’ agreement to jointly construct, own and operate the Mui Ne Wind Farm located at the Binh […]

AC Energy increases green bonds offering to reach $470 million

AYALA-LED AC Energy, Inc. (AC Energy) upsized its senior green bonds offering under its $1-billion medium-term note program by $60 million, expecting it to boost its clean energy investments amid a grueling business environment. In a stock exchange disclosure on Thursday, parent Ayala Corp. said the latest five-year bonds with a coupon of 4.75% annually, which […]