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.

UOB launches financing platform for energy efficiency projects in buildings, homes

SINGAPORE (THE BUSINESS TIMES) – UOB has launched an integrated financing platform to drive the development and adoption of energy efficiency projects for buildings and homes in Singapore, Malaysia, Thailand and Indonesia.

EXCLUSIVE Singapore LNG scouts for spot cargoes as electricity futures surge

SINGAPORE, Oct 13 (Reuters) – Singapore LNG Corp is making enquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city-state’s liquefied natural gas (LNG) terminal, industry sources said on Wednesday.

Investment in coal-fired power to dry up as world seeks to go green

Vietnam will find it hard to mobilize foreign funding for coal-fired electricity plants because many nations have vowed-up to step up environmental protection.

Steel manufacturer cuts carbon footprint with geothermal

Tripping causes power rate spikes in Iloilo, Negros

THE tripping of the Cebu-Negros 138-kilovolt Line 1 prompted electricity rate spikes in Iloilo and Negros, the Philippine Rural Electric Cooperatives Association Inc. (Philreca) said on Tuesday.

Negrense lawmaker urges DOE, ERC to reduce power cost in NegOcc

NEGROS Occidental Third District Representative Jose Francisco Benitez has pressed the Department of Energy (DOE) and Energy Regulatory Commission (ERC) as well as power distribution utilities (PDUs) in the province to reduce electricity charges here.

EDF Renewables invests in Vietnamese rooftop PV developer SkyX Solar

October 13 (Renewables Now) – EDF Renewables has invested an undisclosed sum in a unit of Vietnamese investment manager VinaCapital Group that owns a 100-MWp portfolio of rooftop solar assets.

Indonesia plans 4.7GW of new solar by 2030

Indonesia has planned to increase its solar power generating capacity by an additional 4.7 gigawatts (GW) by 2030 as part of its efforts for net zero carbon emissions by 2060.

Rising Prices Forcing Myanmar Truckers to Stop Operations

Rising fuel prices and other costs in Myanmar are forcing freight firms to suspend operations, according to industry insiders.