Page 7 - John Yeap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 the risks and capture the opportunities of climate change, which will also serve as a storage for res...

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 add the second largest amount of solar during the same period, followed by Japan, South Korea, Vietn...

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 reported that the plant will cost $1.5 billion and will deliver electricity from Laos to central Vietnam...

Power arm of Thailand's 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 renewables, including hydropower, up from the current 12%. Global Power Synergy said it has formed a subsidi...

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 in development since 2019 and will be reaching financial close in 2022. Mainstream has signed a deal ...