Page 4 - John Yeap News Today

Hong Kong regulator announces new green finance measures Out-Law News | 21 Jul 2021 | 11:25 pm | 1 min. read Financial regulator the Hong Kong Monetary Authority has announced new measures focusing on climate-related disclosures, sustainability reporting and carbon market opportunities. It has also established the Centre for Green and Sustainable Finance (CGSF) to take new measures to further Hong Kong’s green finance development. The CGSF aims to help the financial industry manage t...

China will add 619GW of solar power by 2030, say analysts Out-Law News | 21 Jul 2021 | 11:40 pm | 1 min. read China plans to add 619 gigawatts (GW) of solar power generating capacity by 2030, according to a report by a data company Wood Mackenzie. The report said that solar power capacity in Asia Pacific will be tripled to 1.5 terawatts (TW) in the next 10 years. China’s solar targets mean it will contribute over 60% of Asia Pacific’s solar capacity by 2030. Meanwhile, India will ...

Laos wind power project signs cross-border PPA Out-Law News | 16 Jul 2021 | 12:03 am | 1 min. read Vietnam Electricity (EVN) has agreed to buy power from 600 megawatts (MW) windfarm the Monsoon Wind Project in southern Laos. EVN and Impact Energy Asia Development (IEAD) signed a 25-year power purchase agreement (PPA) for Monsoon which, once operational in 2025, will be the largest wind plant in southeast Asia. This is the first cross-border PPA for wind power in the region. It is repo...

Power arm of Thailands PTT to invest $635m in Asian renewables Out-Law News | 06 Jul 2021 | 1:33 am | 1 min. read Global Power Synergy, the power arm of Thailand’s state-owned oil and gas group PTT, will invest THB20 billion ($635 million) in renewable energy across Asia including China and India. The company will borrow the fund from PTT for investment focusing on solar and wind projects. The company is reported to be aiming to have 30% of the power it generates come from renewable...

Mainstream to buy stake in 405MW of solar in Vietnam Out-Law News | 01 Jul 2021 | 1:40 am | 1 min. read Wind and solar company Mainstream Renewable Power has acquired an 80% stake in Vietnam’s Technology and Development Joint Stock Company (D&T), which has three solar projects with a combined 405 megawatts (MW) of generating capacity in Dak Nong province, central Vietnam. The three projects are listed in the Vietnam government’s power development plan VII (PDPVII) which has been i...

Philippines launches offshore wind development roadmap Out-Law News | 30 Jun 2021 | 12:32 am | 1 min. read The Philippines Department of Energy (DOE) has launched a roadmap to develop its potential offshore wind power projects under the support of the World Bank Group (WBG). The roadmap aims to “identify areas with high potential for offshore wind development; establish short and long-term offshore wind targets; formulate strategies to successfully integrate offshore wind in the gove...

IFC lends $57m to two wind projects in Vietnam Out-Law News | 02 Jun 2021 | 2:25 am | The International Finance Corporation (IFC) is providing a $57 million loan to the developer of two onshore wind projects in Vietnam. The financing package includes financing mobilised by the multi-investor Managed Co-Lending Portfolio Program (MCPP) which is managed by IFCs innovative syndications platform, said a statement. The two plants are Phu Lac 2 in Binh Thuan province and Loi Hai 2 in Ninh Thuan pro...

The Indonesia Investment Authority (INA) and three other investment groups have established Indonesia’s first infrastructure investment platform.

Bidder details announced for Uzbekistans 200MW solar PV station Out-Law News | 19 May 2021 | 2:27 am | 1 min. read A solar photovoltaic (PV) power station project in Uzbekistan has moved to the next stage of the procurement process with the announcement of the details of four of the bids for the Asian Development Bank (ADB)-backed project. The 200 megawatts (MW) solar PV project, in the Sherabad district of the Surkhandarya region, is part of a programme to created 1 gigawatt (GW) of solar PV ...

Mitsui plans solar plant in Philippines with local partner Out-Law News | 17 May 2021 | 3:03 am | Japanese company Mitsui and Philippine independent power producer Global Business Power Corp will jointly develop a 115 megawatt (MW) solar project in the Philippines. It is reported that the project will be located in the northern province of Rizal and is expected to cost ¥7 billion yen ($63.8 million). 40% of the cost will be covered by Mitsui. The plant is expected to be completed by March 202...