Power Utility

It is unlikely that the carbon price in the region could reach $40 per tonne of carbon dioxide.

The country set a 36-38% renewable energy target in 2030. 

Having a 15% regional grid connection will create 870,000 jobs.

The country only has a capacity of 443MW onshore win, as of 2020.

Wood Mackenzie projected the markets to have 422GWh and 600GWh by 2031. 

Natural gas holds the largest share in the country’s power mix.

The system is expected to supply 1,500 local residents amongst others. 

The government will be introducing a 25% rate on solar cells and 40% on solar modules in April.

This is the company’s 11th straight profit after tax YoY quarterly growth.

The company’s core net loss amounted to P645,000, down from P16.6m in the previous year. 

This includes the Reforms-based and Results-linked Revamped Distribution Sector Scheme.

This is due to the lower economic growth and high energy prices.

It is expected to grow by 2.4% this year, down from the 6% rise in 2021.

The GWEC outlined a five-point action plan.

Its total capacity reached 532GW in 2021.

Of the 41 projects under development in Asia, 26 were from Indonesia.