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IRENA’s energy transition platform bags $1b investments
IRENA’s energy transition platform bags $1b investments
The platform aims to ramp up funding for renewable projects in developing countries.
AGL breaks ground for 50MW grid-scale battery
It is expected to start operations by mid-2023.
Adani unit cash profit up 50% in Q2 FY23
Its operational capacity grew 24% YoY to 6,724MW.
Global Power Synergy net profit falls over 50% in Q3
This was linked to the higher fuel prices.
PetroGreen, Copenhagen Energy to form SPVs for 4GW offshore wind in the Philippines
They were awarded offshore wind service contracts in 2021.
China’s offshore wind to grow to 97GW by 2031: report
This represents an annual growth rate of 14.3%.
ACWA Power, OIA ink MoU to co-invest in 1.5GW wind project in Egypt
The Oman Investment Authority is looking into owning 10% of the project.
AIIB, GEAPP to invest $1b for energy transition projects
They will identify co-financing opportunities in both the public and private sectors.
Rapid growth seen in Asia’s offshore wind capacity: report
It is expected to rise by 15.3% annually.
Tata Power unit to build 150MW solar project in Maharashtra
It is expected to be commissioned within 18 months from the PPA execution date.
Masdar to co-develop 10GW onshore wind project in Egypt
An MoU was signed with Infinity Power and Hassan Allam Utilities.
NTPC profit up 3.65% YoY in H1 FY23
Its generation rose by around 15% to 204 billion units.
ACEN net income climbs by 23% in Q3
Its net income stood at P1.9b.
Japan, 8 others join Global Offshore Wind Alliance
The alliance targets to speed up the installation of offshore wind.
JERA, Chevron tie up to study lower carbon technologies
They will focus on the Asia Pacific region and the US.
Renewables are now more cost-effective for Indonesians: report
Energy cost-saving is estimated to be worth US$400b-600b to 2050.
ACEN divests 246MW Philippine coal plant
This is the first-ever transaction completed through the Energy Transition Mechanism.
Thought Leadership Centre
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1. $281b annual investment projected as Southeast Asia scales energy transition 2. Asia fusion market enters decisive phase with $5b China lead 3. Grid-forming inverters seize control to stabilise Asia’s power 4. India advances green shipping with ₹1,200 crore Kandla e-methanol plant 5. India could double biofuel production by 2030 with stronger policiesResource Center
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The firm achieved recognition for initiatives addressing critical water access in Bali, reforestation in West Java, and sustainable supply systems in East Java.
