Equinix, Inc., the world’s digital infrastructure company, made a funding commitment of over S$9 million through 2028 to accelerate Singapore’s clean energy transition and innovation. In a press release, the company announced making this investment in line with the Singapore Green Plan 2030. It secured funds the funding under this program to bring together industry and academia to explore viable energy options in Singapore.This marks a pivot in Singapore’s energy sourcing, which currently relies heavily on natural gas to meet its energy needs, by diversifying its energy mix with cleaner sources by 2035 and beyond. As part of the Singapore…
Author: Chitrika Grover
British International Investment (BII), the UK’s development finance institution and impact investor, has backed the inaugural international green bond programme by Ho Chi Minh City Development Commercial Bank (HDBank) to support Vietnam’s journey towards a sustainable future. BII and the Dutch entrepreneurial development bank, FMO, have committed $20 million and $30 million, respectively, to the second tranche of HDBank’s green bonds, following IFC’s $50 million in the first tranche. This collaboration marks a major milestone in strengthening Vietnam’s green finance ecosystem and accelerating its energy transition. The proceeds will support solar energy, electric vehicles, green buildings, and energy-saving solutions, helping to reduce approximately 102,000…
Blueleaf Energy, a pan-Asian renewable energy platform and an independent power producer (IPP), secured an order from Malaysia’s Energy Commission (Suruhanjaya Tenaga). The company said in a press release that it secured the order to build, own, and operate a 100 MW/400 MWh utility-scale Battery Energy Storage System (BESS), to be developed in partnership with Universal Peak Sdn. Bhd in Malaysia.The company explained that the project is part of the Malaysia Battery Energy Storage System (MyBeST) programme, which offers a competitive bidding initiative. This also represents one of the largest grid-connected BESS in Peninsular Malaysia to date. With a targeted…
British International Investment (BII), the UK’s development finance institution (DFI), committed £308 million in climate finance across South-East Asia during its current strategy period, advancing its ambition to invest up to £500 million by 2026. In a press release, BII said its investments are expected to deliver over 1.8 GW of clean energy capacity and avoid more than 1.6 million tonnes of greenhouse gas emissions, supporting the region’s green transition.South-East Asia is among the most climate-vulnerable regions globally, facing rising sea levels, extreme weather events, and significant threats to food and water security. The region is also heavily dependent on…
The World Bank Group (WBG), through its private sector arm, the International Finance Corporation (IFC), Permodalan Darul Ta’zim (PDT) — the investment arm of Johor State — and Ditrolic Energy have agreed to jointly develop the Southern Johor Renewable Energy Corridor (SJREC).In a press release, the International Financial Corporation (IFC) said, “The 2,000-square-kilometer hybrid solar and battery energy storage zone in Johor can supply clean electricity to support the state’s industrial development and facilitate cross-border electricity trade under the ASEAN Power Grid (APG) initiative.”IFC said the $6 billion project will generate clean electricity to meet the renewable energy needs of…
Singapore-based Aslan Energy Capital (Aslan) signed a Heads of Agreement with the Government of Karimun Regency, Riau Islands, Indonesia, located at the crossroads of Singapore, Malaysia, and Indonesia. This landmark agreement marks a pivotal step in the establishment of MU CITY — a City of Dynamic Innovation in Energy, Mobility, and Urbanization, designed to accelerate Southeast Asia’s transition toward a low-carbon, digital, and inclusive future. Signed in collaboration with the Karimun Regency Government, the agreement affirms a shared commitment to building a next-generation integrated industrial and innovation ecosystem. MU CITY is now firmly positioned as a regional gateway for clean energy, green manufacturing, advanced…
ACCIONA Energía has been awarded a 20-year power supply contract for the full output of two renewable projects totaling 281MW in the Philippines, through Round 4 of the Department of Energy’s Green Energy Auction Program (GEAP).The auction award is for the Kalayaan 2 wind farm (101MW) in Laguna, which is under construction, and the Daanbantayan solar plant (180MWp) in Cebu, where construction will begin before the end of 2025. The award gives long-term certainty for the energy these projects will produce, supporting the Philippines in reaching its renewable energy targets while delivering clean, reliable power to consumers.In addition to these…
Indonesia is advancing its clean energy transition while maintaining a strong reliance on thermal generation, supported by major investments in solar PV, onshore wind, and geothermal energy. The country’s cumulative renewable power capacity is projected to reach 38.1GW by 2035, up from 8.4GW in 2024, registering a compound annual growth rate (CAGR) of 14.7% during 2024–35, reveals GlobalData, a leading data and analytics company.GlobalData’s report, “Indonesia Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035,” reveals that solar PV and onshore wind will drive Indonesia’s renewable growth, supported by evolving policy and…
Levanta Renewables (Levanta), Actis’ pan–Southeast Asia renewable energy platform, has completed the acquisition of a fully operational 91 MWp+ ground-mounted solar portfolio in Thailand.Spanning across ten sites in the Suphanburi and Kanchanaburi provinces, the portfolio generates approximately 155 GWh of renewable electricity annually for the Provincial Electricity Authority (PEA) under long-term Power Purchase Agreements (PPAs).This acquisition marks a key milestone in Levanta’s growth in Thailand and reinforces our commitment to supporting the country’s renewable energy ambitions. It reflects our vision to build a cleaner, more resilient energy future for the region. Leadership View Pramod Singh, Chief Executive Officer of Levanta,…
Singapore-based Sembcorp Utilities Pte Ltd, a subsidiary of Sembcorp Industries (Sembcorp), and Sarawak Energy Berhad (SEB) (collectively known as the Consortium), were granted conditional approval by the Energy Market Authority of Singapore (EMA). They received approval to import around 1 GW of renewable energy from Sarawak to Singapore. with support from SP PowerInterconnect as a technical partner.The project, which is anticipated to commence operations around 2035, will import electricity generated predominantly from hydropower sources in Sarawak. These sources are expected to receive sustainability certification under the Hydropower Sustainability Standard. The electricity will be transmitted to Singapore through subsea cables spanning…