IPP

GPSC profit down 70% YoY to $19.3m in Q2 2022

Quarter-on-quarter, the net profit rose 118%.

AGL expands green hydrogen study in Hunter Energy hub

Fortescue Future Industries will provide green hydrogen for the project.

Philippines’ ACEN net income climbs 25% in Q2

Its net income stood at P1.8b during the quarter.

CLP Power upgrades programme to help businesses save energy, decarbonise

It is backed by the CLP Community Energy Saving Fund with HK$2m support.

Indian PM to dedicate 5 NTPC RE projects to the nation

These include the two largest floating solar projects in India.

Philippines’ SMC Global Power lists P40b bonds

This will allow the company to provide reliable power supply.

TNB eyes early retirement for coal plants to accelerate sustainability goals

It plans to retire 1400MW plants up to one year before the expiration of the PPAs.

Japan’s JERA posts JPY11.7b loss in Q1

This is a JPY75.8b drop from the JPY64b profit last year. 

ADB, Masdar to build 230MW solar power plant in Azerbaijan

The loan financing the project is worth $21.4m.

ACEN green lights final tranche of energy transition financing

The company will divest its shares in SLTEC for P3.7b. 

Philippines’ Meralco core income climbs 15% in first half

The company recorded a net income of P12.1b during the period.

ROSATOM, An Xuan Energy to construct 128MW wind farm in Vietnam

It will be located in the Son La Province in north western Vietnam.

ACWA Power, POSCO partner to develop green hydrogen in South Korea

The MoU seeks to decarbonise POSCO Group’s power generation.

Central Retail, GULF partner for solar power production

They invested $2.5m to establish Greengen Energy.

What happens to CLP Power as Hong Kong transitions to carbon neutrality

Since 2020, it has increased its gas-fired power generation proportion to around 50% to make up for the coal-fired generation to be phased out.