IPP
Philippines’ Meralco posts 20% net income growth in first nine months
Its reported net income stood at P19.8b (US$341m).
Philippines’ Meralco posts 20% net income growth in first nine months
Its reported net income stood at P19.8b (US$341m).
Why Philippines’ EDC will not fire up coal
The devastating effects of climate change led the company to develop REs only.
Philippines’ ACEN to offer P10b green bonds
This will fund three major solar farms with a combined capacity of about 460MW.
ONGC signs 6 contracts for offshore fields in Arabian Sea, Bay of Bengal
Four of which were signed as the sole bidder, whilst two were in partnership with IOCL.
Vena Energy to expand offshore wind in Taiwan
The company will launch two new projects in the country.
First Gen unveils LNG storage unit ‘BW Batangas’ in the Philippines
It will provide for the company’s gas-fired power plants.
Sembcorp to sell India unit to Tanweer Infrastructure
The proposed sale will cut Sembcorp’s GHG emission intensity to 0.32 tCO2e/MWh.
NTPC acquires Jhabua Power
This will bring the IPP’s total installed capacity to over 70GW.
JERA wins public auction for additional power capacity
It will be carried out from 4 January to 28 February 2023.
Philippines’ SPNEC to ‘catalyse’ 10GW project via stock rights offering
The SRO has proceeds worth P2.8b.
Adaro Energy's net profit soars 611% YoY to $1.3b in H1 2022
Thanks to higher average selling prices.
TNB, PETRONAS to explore hydrogen, carbon capture
The companies seek to unlock at least RM10b in commercial value up to 2035.
Queensland’s largest energy storage system starts operation
It has a 100MW of capacity.
Coal companies' cash balance could fund Indonesia’s green transition
The combined cash balance amounted to $6.8b in the first quarter.
TP Renewable, SIDBI partner to set up 1,000 green energy enterprises in India
This is meant to promote sustainable rural entrepreneurship.
ReNew Power records US$1m loss in Q123
This is down from a net profit of US$5m in the same quarter in 2022.
Vena Energy bags JPY5.36b green loan for 17MW solar project
The project is scheduled to start commercial operation in 2023.
Commentary
Offshore wind power needs Singapore’s expertise as Asia’s reliance on fossil fuels rises