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Indonesia to merge three geothermal companies Out-Law News | 05 Mar 2021 | 2:25 am | 1 min. read Indonesia’s State-Owned Enterprises (SOEs) Ministry is planning to merge three state-owned geothermal companies to form a giant geothermal holding company for domestic green energy use. The three companies are PT Geo Dipa Energi, PT Pertamina Geothermal Energy (PGE) and PT PLN Gas and Geothermal (PLN GG). They have a combined installed geothermal capacity of 1.0225GW, nearly half of Indonesia’s 2.1307GW installed capacity. It is reported that the joint holding company will be the larg...

Hong Kong government to issue $175.5bn green bonds in next five years Out-Law News | 26 Feb 2021 | 10:57 am | 1 min. read The Hong Kong government will issue green bonds worth $175.5 billion in the next five years, according to financial secretary Paul Chan of the government of Hong Kong Special Administrative Region of China (HKSAR). According to Chan’s 2021 budget, the government’s green bond programme will be scaled up and its borrowing ceiling will double to $200bn while green bonds will be issued more regularly in future. Citizens will be able to participate through retail g...

Solar Philippines to build 2GW solar power project Out-Law News | 26 Feb 2021 | 11:09 am | 1 min. read Solar Philippines Biga Corporation is planning to build a 2 gigawatts (GW) solar plant, combining with 6GW battery energy storage system and 600 megawatts (MW) diesel backup in Nasugbu, Batangas, 115 kilometres south west of Metro Manila, Philippines. The firm has secured a solar service energy contract from Philippines’ energy department for exclusive right to explore, develop and use the solar energy resources. The project will be developed on an area of 2,000 hectares. The fea...

The Philippines has set an aim to raise $23.71 billion from external funds to cover the budget deficit and finance infrastructure projects, according to its finance department (DOF).

Hong Kong government issues $2.5bn in green bonds Out-Law News | 04 Feb 2021 | 5:55 am | 1 min. read The government of Hong Kong Special Administrative Region of China (HKSAR) this Wednesday launched green bonds worth $2.5 billion, to be available on the Hong Kong Stock Exchange and the London Stock Exchange on 2 February. The offering includes $1bn 5-year bonds at 0.635%, $1bn 10-year bonds at 1.414% and $500 million 30-year bonds at 2.431%. This is the first 30-year green bond issued by an Asian government and the longest period that has been issued by the HKSAR government, a state...