News

Indonesia and the Philippines possess rich geothermal resources. However, high risks and local concerns over safety and environmental impacts hinder financing and industry growth.

To boost the integration of renewable energy into the grid, More Power in the Philippines has been authorized to establish a one-stop service center in Iloilo City, located in the central region of the country.

Malaysia is also exploring the possibility of opening up green energy exports and plans to expand its national grid to meet the growing demand for clean electricity, particularly for electric vehicle (EV) charging stations, said Deputy Prime Minister.

Thailand's PTT and Bangchak are investing in Sustainable Aviation Fuel (SAF), with plans to launch biofuels next year to tap into the green transportation market.

Sarawak, Malaysia, has made significant strides in renewable energy development, with installed capacity for power generation reaching 62% this year—six years ahead of the original target. Hydropower is the primary contributor to this achievement, and the

Meranti, a steel manufacturer headquartered in Singapore, pledges to build Southeast Asia's first green flat steel plant in Thailand. The company plans to use hydrogen to replace coal in its operations, coupled with electric arc furnace technology powered

The Philippines is witnessing a surge in companies focused on promoting sustainable development, especially in the clean energy sector, where the number of startups has quintupled over the past four years. Most of these startups are concentrated in solar,

IEA released a new report indicating that the goals supported by countries at COP28—such as doubling renewable energy capacity and increasing energy efficiency by 100% by the end of 2030—could be achievable with the right enabling conditions.

Constellation Energy recently announced a power purchase agreement with Microsoft to prepare for the restart of the Three Mile Island nuclear plant. However, the plan has not yet received approval from federal, state, and local governments.

The Federal Reserve slashed interest rates by 50 basis points and suggested further reductions to come. The news immediately reverberated in the U.S. stock market, significantly boosting solar energy stocks.