News

Philippines aims to increase solar power share to 5.6% and wind power share to 11.7% in 2030, up from 2.4% and 3.1% respectively in 2024, according to government presentation, potentially leading to one of the cleanest grids in the region.

Saudi Arabia-based renewable energy giant ACWA Power has revealed its plans to work with several strategic Malaysian partners to develop renewable energy projects across multiple states in Malaysia, according to Prime Minister Anwar Ibrahim.

Colocation company Equinix has entered into a solar power purchase agreement (PPA) with Sembcorp in Singapore to supply renewable energy to its data center.

According to recently compiled data, seven countries now generate almost all of their electricity from renewable energy.

The Renewable Energy Markets Asia 2024 (REM Asia) kicked off in Singapore on April 29, exploring the impact of global initiatives and policies on the industry.

Vietnamese Ministry of Industry and Trade (MOIT) has proposed that the government allow manufacturing businesses to buy electricity directly from renewable energy sources, regardless of the involvement of the Vietnam Electricity Corporation (EVN).

The International Energy Agency (IEA) predicts that a significant decline in battery costs for energy storage over the next few years will accelerate the transition from fossil fuels to renewable energy, as reported on Apr. 25.

ACEN Corp., the energy arm of Philippine conglomerate Ayala Corp., anticipates investing $15 billion to expand its renewable power generation capacity to 20,000 MW by 2030.

Four renewable energy companies in Thailand have announced the formation of a strategic alliance to jointly invest in waste-to-energy projects. They plan to construct a total of 12 power plants with a combined installed capacity of 96 MW.

A S$16 million two-year nationwide study to assess Singapore’s geothermal power potential expected to commence in the second half of 2024, according to the Energy Market Authority (EMA).