As the transformation continues, 2024 is expected to be an exciting year for the electric vehicle (EV) industry in Sri Lanka. According to Euromonitor’s Mobility forecasts, 25% of all new passenger car registrations are forecast to be electric in 2024, exceeding 17 million units in sales globally. In 2024, the projected revenue in the Electric Vehicles market in Sri Lanka is expected to reach US$13.4m. The Association of International Marketing Graduates in Sri Lanka (AIMG), together with the Ceylon Motor Traders Association (CMTA), recently organized a joint forum titled “Road to Electrification,” which delved into the future of the EV…
Author: Nidhi Sinha
A latest report from the International Energy Agency (IEA) claimed that delays in the execution of policies are proving a deterrent in the deployment of renewable energy in Indonesia. “For the ASEAN region, our forecast is mostly unchanged from last year. In Indonesia, the government issued a decree in 2022 to establish a policy framework for a new auction-based renewable energy support system. However, the detailed regulations necessary for procurement and project development were still pending as of October 2023, which has delayed the expected positive impact of the new policy,” the IEA report said. The IEA report said that…
Indonesian President Joko Widodo (L) and his Philippines counterpart Ferdinand Romualdez Marcos delivered a joint statement during their meeting at the Malacanang presidential palace in Manila, the Philippines recently to strengthen energy cooperation to safeguard energy security. Indonesia and the Philippines are the second and third globally regarding installed geothermal generation plants. Both are currently highly dependent on coal-fired power plants and seek an orderly transition to cleaner technologies. The Department of Energy (DOE) said that two countries– Indonesia and the Philippines had agreed to facilitate cooperation between their respective business sectors, “particularly during periods of critical supply constraints on…
The Philippines Department of Energy (DOE) has now issued a fresh list of solar energy project installers in the country. As per the latest solar energy installers registry list, the country’s energy department listed around 49 solar installers eligible to install solar projects in the South Asian country. The list includes region-wise names and details of the companies involved in these services. Some of the companies featured in the list included–Smart Power, Solarised Incorporated, Green Energy Development Corporation, and others. These listed green firms operate in different regions of the Island country, like Leyte, Oro City, Loon, and Bataan, among others. The…