New RE plan targets 35% share of power generation by 2030
MANILA – The Philippines’ proposed National Renewable Energy Program (NREP) 2020-2040 is setting a target of 35 percent share of renewable energy (RE) in the power generation mix by 2030 and 50 percent share by 2040.
Mainstream advances 1.4GW Vietnamese offshore
Mainstream Renewable Power has received approval from the provincial government of Soc Trang in Vietnam for the first 200MW phase of the Phu Cuong Soc Trang offshore wind farm.
Carbon Pricing Aids Vietnam’s Efforts Towards Decarbonization
Vietnam’s rapid economic growth and its increasing energy demand have led to an exponential increase in GHG emissions, leaving the country with the second highest air pollution levels in Southeast Asia in 2019. To meet its development and climate change goals, the new domestic carbon emission trading scheme enabled by Vietnam’s revised Law on Environmental […]
Thailand’s Climate Leaders: Digital power technology is ready to build a low-carbon Thailand
According to the Global Climate Risk Index 2021, Thailand is one of the countries most affected by climate change globally, ranking 9th of 170 countries. In October this year, Thailand proposed a carbon neutrality by 2065-2070 roadmap at the United Nations General Assembly (UNGA). Thailand became the first ASEAN country to formally propose and announce […]
Singapore’s Volatile Power Market Beats Crypto’s Wild Swings
Singapore’s wholesale electricity prices have surged to a record high and slumped below zero in the span of a month, a level of volatility more nerve-wracking than Bitcoin’s. Power generation companies were paying buyers to take electricity before dawn on Nov. 11, with prices going negative at about -S$5.05 per megawatt-hour, according to data from […]
World’s largest Hydro-Floating Solar Hybrid Project begins operation in Thailand
The world’s largest Hydro-Floating Solar Hybrid Project has begun commercial operation at Sirindhorn Dam on the Lam Dom Noi River in Thailand. The Electricity Generating Authority of Thailand (EGAT) said the 45-MW Hydro-Floating Solar Hybrid Project will enhance the country’s power system security, reduce greenhouse gas emissions of around 47,000 tons/year, and provide clean energy to help mitigate global […]
Philippine business groups seek deeper probe into Malampaya deal
Several of the country’s biggest business groups have flagged the transaction regarding the Malampaya deep water gas-to-power project, citing the buyer’s supposed lack of experience in gas operations.
Philippine business groups flag security risks in energy deals with president’s ally
MANILA, Nov 10 (Reuters) – Business groups in the Philippines spoke out on Wednesday over the sale of a combined 90% stake in the country’s only gas-to-power project to a firm run by an ally of President Rodrigo Duterte, warning it could pose an energy security risk.
Singapore to phase out unabated coal power by 2050
Singapore will phase out the use of unabated coal power by 2050 and end direct government finance of this kind of power internationally, its government has announced. Unabated refers to coal power generation without the use of any technologies to reduce CO2 emissions, such as operational carbon capture and storage or utilisation.
527 HDB blocks in Tanjong Pagar to have solar panels to harness green energy by 2025
SINGAPORE – All 527 eligible Housing Board (HDB) blocks in Tanjong Pagar town will be installed with solar photovoltaic systems to harness solar energy by 2025, the town council set out in a 10-year masterplan to be more energy-efficient.