Ayala invests in renewable energy firm
AC ENERGY, Inc. through its international unit has invested in Singapore-based renewable energy company The Blue Circle Pte. Ltd. through a 25% ownership acquisition as well as co-investment rights in the latter’s projects. “It’s a platform partnership. The Blue Circle, TBC, is a regional development and operations company focused on wind.” AC Energy Chief Executive […]
BCA expects 50 new MRT stations to save energy equivalent to that consumed by 7,500 flats
SINGAPORE – At least 50 new MRT stations are expected to meet the Building and Construction Authority’s (BCA) Green Mark for Transit Stations Platinum standard – the highest accolade for transit stations. The BCA said on Friday (Nov 1) that reduction in energy consumption of these 50 stations on upcoming lines amounts to about 33GWh […]
Best electricity plans in Singapore: Solar & carbon neutral options
So, it turns out that I picked an electricity retailer way too soon. It turns out that there are actually retailers offering green electricity plans, and I didn’t do the research properly before making my choice.
Big Oil’s renewable shift seen flooding shareholders with cash
[SINGAPORE] Shareholders of global oil giants will be “drowned” in cash from dividends and buybacks for the next 20 years as the firms shift their capital structure to finance renewable projects, according to Rystad Energy, an energy research company. Majors such as Exxon Mobil Corp and Chevron Corp have traditionally had to hoard cash as […]
Big problem if Singapore doesn’t think ahead on climate change: PM Lee
After Prime Minister Lee Hsien Loong announced that the Government will spend an estimated $100 billion in the long term to protect Singapore from rising sea levels, some people asked him: Why not take those funds to help the needy now? “But if we don’t pay attention to 50, 100 years from now, I think […]
Billionaires invest in giant Australian solar farm to supply power to Singapore
The mining magnate and philanthropist Andrew “Twiggy” Forrest has joined fellow billionaire Mike Cannon-Brookes in raising tens of millions of dollars to build a giant solar farm in the Northern Territory to supply electricity to Singapore. The company behind the project, Sun Cable, said Forrest’s Squadron Energy and Grok Ventures, the investment firm of Cannon-Brookes […]
Billionaires tip more cash into project to export solar energy to Singapore
Atlassian co-founder Mike Cannon-Brookes and iron ore magnate Andrew Forrest have committed more cash to a A$30 billion (S$30 billion) project to export solar power from Australia’s Northern Territory to Singapore via an undersea cable.
BIMCO: Low-sulphur fuel sale jumps to a 70% share in Singapore, as the IMO 2020 sulphur cap kicks in
The final quarter of 2019 marked a massive decline of HSFO sales, as the industry transitioned into compliance of the IMO 2020 Sulphur Cap (IMO2020). In Singapore, the world’s largest bunkering hub, the bunker sale landscape saw significant change as the sale of high-sulphur fuel oil dropped tremendously in a matter of months. In contrast, […]
Biofuel firm Neste to invest 1.4b euros in Singapore production
[HELSINKI] Finnish biofuel producer and oil refiner Neste said on Wednesday it will boost its biofuel production capacity in Singapore with a bigger-than-expected investment of 1.4 billion euros (S$2.2 billion). Neste, 44.75 per cent owned by the state of Finland, has in recent years emerged as one of the leading players in the renewable diesel […]
Bitdeer Group Takes the Lead in Renewable Energy Adoption Among Global Digital Asset Mining
Singapore, Singapore–(Newsfile Corp. – November 17, 2021) – Bitdeer Group, the world’s leading digital assets mining service provider, reveals its latest achievement in the adoption of renewable energy that is ensured by one of its three major business verticals Mining Datacenter amid the constantly rising usage of sustainable and renewable technology in world’s cryptocurrency mining.