News

Sinpapore’s Sembcorp Industries reveals its latest 5-year strategic plan on Monday. It will invest 10.5 billion SGD（7.8 billion USD）, about 75% of total investment, to support renewable energy.

EVN expects the cost of electricity production of 2023 is still higher than retail price by 9.3% although fuel prices lowered for the past few months.

Malaysia is seeking foreign investors in high-value industries such as electric vehicles (EVs), semiconductors and carbon capture, according to its trade and investment minister.

Philippine Economic Zone Authority said on Nov. 3 that it has secured P20.6 billion (US$365 million) worth of investment leads and pledges from Taiwanese investors for developing green energy and sustainable enterprises.

The Net-Zero Institute, Taiwan’s first academy dedicated to cultivating green talents, has opened on Nov. 6 at the Kaohsiung Software Technology Park.

Singapore’s Tuas Power signed MOU with Marubeni Global Indonesia（MGI）to import a total of 600 MW green energy before 2027 which will be enough to power about 730,000 households.

Malaysian infrastructure giant Gamuda will establish a joint venture to develop a 187.5 MW hydroelectric power plant in Tenom through a private finance initiative, with the total project cost estimated to be around RM 4 billion.

Apple, Nike and PepsiCo along with other global firms have launched the Clean Energy Procurement Academy to train supply chain partners in the Asia Pacific, where renewable power is tougher to source.

Retreated from carbon trading for over a decade, Barclays Plc is trying to come back to market and appointed a veteran of Shell Plc, Oliver Morning, to run the operations, according to Bloomberg report.

Amid high interest rates, inflation and supply-chain woes, U.S. wind-energy sector facing a wave of impairments and forcing developer to cancel projects and casting doubts over the industry’s outlook.