The United Kingdom (UK) and the Philippines have marked a milestone in their climate collaboration with the official launch of the new Philippines Country Fund under the UK Partnering for Accelerated Climate Transitions (UK PACT) programme. Held in Manila, the event underscored both nations’ shared commitment to advancing low-carbon development through technical assistance and institutional capacity-building. The UK PACT initiative supports partner countries in speeding up their transitions to net-zero economies. In its first year of implementation, the Philippines-UK PACT Country Fund will concentrate on the energy sector. The sector is identified as a key priority area aligned with the…
Author: junaid shah
Best Power Equipments Private Limited (BPE), an Indian power solutions provider, has entered into a partnership with Powerlines Digital Concepts Corporation (PDCC), an electrical and engineering solutions firm in the Philippines. This collaboration focuses on advancing Battery Energy Storage Systems (BESS). The partnership aims to jointly deliver innovative Battery Energy Storage Solutions across diverse applications in the Philippines. PDCC’s initial product order is valued at USD 200,000. Amitansu Satpathy, Managing Director of BPE, said, “We are delighted to partner with Powerlines Digital Concepts Corporation in furthering our vision of expanding access to reliable and sustainable power solutions across Southeast Asia.…
Pentagreen Capital, a manager of blended finance strategies under Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative, has backed Citicore Solar Energy Corporation, part of Citicore Renewable Energy Corporation, with a USD 55 million development and construction loan to catalyse new solar and battery storage projects across the Philippines. Marat Zapparov, CEO of Pentagreen Capital, commented, “We are honoured to extend our long-standing partnership with Citicore as the company surpasses its goal of completing 1GW of renewable capacity annually in the Philippines. With support from partners in Singapore’s FAST-P initiative, Pentagreen is committed to accelerating the region’s clean energy transition.” Scope…
South Korean solar cell manufacturer OCI Holdings Co. has announced a USD 78 million investment in a wafer manufacturing facility in Vietnam, marking a strategic move to expand its foothold in the US clean energy supply chain while navigating tightening American trade restrictions on foreign clean-tech firms. Strategic Expansion via Southeast Asia The company said on Sunday that its Malaysian subsidiary, OCI TerraSus Sdn Bhd, has formed a special-purpose vehicle, OCI One, in Singapore to acquire a 65 percent stake in a Vietnamese wafer plant under construction by Elite Solar Power Wafer Co. The USD 120 million project will have…
Rystad Energy projects that onshore wind capacity in Southeast Asia will expand from 6.5 gigawatts (GW) in 2024 to 26 GW by 2030, an addition of 19.5 GW. The onshore wind market in Southeast Asia has historically seen only modest growth. A mix of regulatory hurdles, weak grid infrastructure, high investment costs, and the region’s continued reliance on coal as a cheap and stable power source has long curtailed progress. Over the past decade, this left wind lagging behind other renewable technologies in deployment. This outlook is now beginning to change. As per Rystad Energy, the surge is expected to…
BYD has unveiled its latest innovation in utility-scale energy storage, introducing the “Haohan” DC battery energy storage system (BESS) at the International Digital Energy Expo in Shenzhen last week. With a 14.5 MWh single-unit capacity, Haohan sets a new benchmark in the energy storage industry, nearly doubling the current industry standard. Breaking Capacity Records According to BYD, Haohan achieves a minimum capacity of 14.5 MWh per unit, substantially more compared to today’s typical 6-7 MWh systems. Even in a standard 20-foot container, the system provides 10 MWh of storage, while offering a volumetric energy density of 233 kWh per cubic…
Blueleaf Energy, a pan-Asian renewable energy platform owned by a fund managed by Macquarie Asset Management, has entered into a strategic partnership with Chemsain Sustainability Sdn Bhd (Chemsain), an established Malaysian sustainability advisory firm, for renewable expansion in Malaysia. The two companies signed a Memorandum of Understanding (MoU) to collaborate on the potential development of up to 3 gigawatts (GW) of onshore utility-scale renewable energy projects in Sarawak, Malaysia. The agreement was formalised during the Macquarie ASEAN Conference in Singapore, in a closed-door signing ceremony witnessed by senior officials from Malaysia, Australia, and Singapore, along with industry representatives and investment…