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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 […]

ABeam upbeat on electric vehicle industry

The electric vehicle (EV) industry in Thailand is expected to grow rapidly after the pandemic is controlled, given the government’s greater efforts to boost EV sales and production, says global consulting firm ABeam Consulting (Thailand).

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 […]

Acciona Energia invests in Asian wind developer

Acciona Energia has reached a strategic agreement with south-east Asian wind developer The Blue Circle to become the main shareholder in the regional renewables player.  

Achieving Policy Objectives for Green Bonds in ASEAN

The latest Intergovernmental Panel on Climate Change report, Global Warming of 1.5 ºC, notes the importance of mobilizing green finance for limiting global warming to 1.5 degrees Celsius and preventing catastrophic climate change. In line with this, some countries have been implementing policies to support green bonds. Green bonds are debt securities whose proceeds are used […]

ADB boosts 2019-2030 climate financing goal to $100 billion

The Asian Development Bank (ADB) will boost its climate financing goals by US$20 billion to a new target of $100 billion for the 2019-2030 period, and aims to launch its concept for retiring coal-fired power plants at the COP26 climate conference in Scotland next month, the lender’s chief said on Tuesday.

ADB to help members cut reliance on coal

The Asian Development Bank (ADB) is expected to draw up a revised energy policy over the next 12 months toward helping member developing countries to “reduce dependence on coal fuel and eventually phase out coal,” just falling short of an outright ban on financing coal-fired power projects.  

ADB, European Union, and ASEAN Countries Partner to Boost Green Infrastructure

The European Union (EU) announced today it is preparing to support the Association of Southeast Asian Nations’ (ASEAN) Catalytic Green Finance Facility (ACGF) with €50 million ($54.9 million) to help governments prepare and catalyze public and private financing for climate-friendly infrastructure projects across Southeast Asia. Launched in April 2019 and managed by the Asian Development […]

ADB, fin firms draw plan to close Asia coal-fired power plants

Financial firms, including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed up the closure of Asia’s coal-fired power plants in order to reduce the biggest source of carbon emissions, five people with knowledge of the initiative said.