Malaysia’s Petronas, which has yet to make a firm carbon-neutral pledge, will deploy solar energy at the group's assets across Malaysia to boost efficiency and cut carbon emissions as part of its sustainability agenda and “aspiration” of Net Zero Carbon Emissions by 2050 (NZCE 2050).
South Korea will provide $600 million to co-finance energy projects in Africa, alongside the African Development Bank (AfDB).
India’s richest man, Mukesh Ambani, who has run one of the world’s largest petroleum businesses for over two decades, yesterday announced that his company Reliance Industries, will invest 750 billion rupees ($10 billion) towards clean energy solutions over the next three years.
Southeast Asia is emerging as a hotspot for global solar investment with over $10 billion invested just last year. In 2020, the region represented 12% of the global solar market and installed capacity has more than doubled every year since 2018, Rishab Shrestha, analyst at Wood Mackenzie told the APAC power and renewables summit today.
AMEA Power is officially opening a 50 MW solar photovoltaic plant in Togo, the country’s first utility scale renewable energy project backed by an independent power producer (IPP).
South Asia, which includes India, Pakistan, Sri Lanka, and Bangladesh, is slowly following the rest of the world in the transition towards cleaner energy systems. The subtle shift opens potentially large market opportunities for energy service suppliers.
Investments in Asia Pacific wind and solar power could double to $1.3 trillion over the current decade to 2030 compared with the period 2011-20, predicts Wood Mackenzie. However, in most Asian markets, subsidy-free renewable power will not be able to compete with coal power until 2025 or later, cautioned the energy research company.
Thailand's state-owned oil and gas group, PTT, will invest 20 billion baht ($635 million) in renewable energy in India, China and elsewhere in Asia, as it takes steps to shift from fossil fuels to cleaner energy sources.
Groupe Filatex is a Madagascan company that has plans to be a leading light in Africa’s renewable energy sector.
Fitch Solutions believes that the Myanmar military government’s solar project push, the first attempt at stimulating foreign investment since the coup, will not succeed and will do little to turn the gloomy economic situation around.
The new owner of St Fergus gas plant operator px Group has swooped in for UK solar and energy storage firm Anesco.
Chevron announced today that Chevron Technology Ventures has participated in a capital raising round for Melbourne-based solar technology developer RayGen Resources.
South Korea will launch its largest-ever solar photovoltaic (PV) tender in July when it will offer 2 GW of capacity. An extra 2GW could also be offered later this year.
BP reached an agreement today to purchase 9GW of solar development projects in the US from independent US solar developer 7X Energy for $220 million.
Eddie O’Connor, chairman of Mainstream Renewable Power, has resigned following comments at the Dublin Climate Dialogues.
Australia’s Woodside is exploring the supply of 50 MW of solar energy to its Pluto liquefied natural gas (LNG) export facility on Western Australia’s Burrup Peninsular as part of its effort to reach net zero emissions.
China oil giant Sinopec has started operating its first petrol station where solar panels can fully meet its power needs, as the company pushes ahead in its quest to become a renewable powerhouse.
Lawyers acting for Frazer Solar have begun seeking to confiscate assets held by Lesotho following an arbitration ruling.
Japanese trading house Mitsui has chosen the Philippines for the company’s first mega solar project in Southeast Asia.
Solar developer Starsight Energy is expanding from its West Africa roots with a move into East Africa.
Saudi’s ACWA Power has begun construction of the Redstone concentrated solar power (CSP) plant in South Africa.
BP has boosted its utility scale solar portfolio in Italy by acquiring three projects with a total installed capacity of 156 megawatt peak (MWp).
The UK and Indonesia have announced the creation of a new joint trade dialogue that will open green energy opportunities for UK companies in Southeast Asia’s largest economy.
ACWA Power has signed a $114 million financing deal for its Kom Ombo solar plant, which will add 200 MW to Egypt’s power sector.
Renewables now make up 37% of all power generation projects under construction in Asia, representing a 4% increase in share from the previous quarter, according to the latest IHS Markit Renewable Additions Index (RAI) for Asia Pacific. Although coal power projects remain strong despite climate pressure.