Southeast Asia ‘on course to meeting green goals’

Southeast Asian nations are on course to meeting their goal of sourcing 23% of total primary energy from renewables by 2025. That’s according to new analysis from the International Renewable Energy Agency (IRENA), which suggests achieving this target would significantly improve access to affordable clean energy in the region. Currently, 65 million people in the […]

Southeast Asia to maximise clean power potential

Southeast Asian nations have signed a Memorandum of Understanding with a renewable energy organisation to accelerate the region’s transition to a low carbon energy system. The Association of Southeast Asian Nations (ASEAN), which includes Myanmar, Thailand and Vietnam, hopes the collaboration with the International Renewable Energy Agency (IRENA) will result in the region’s renewable energy […]

Green energy fund worth €250m hits Southeast Asia

A €250 million (£222.3m) fund has been launched to accelerate the transition to a low carbon energy system in Southeast Asia. Sustainable investors SUSI Partners and low carbon project developer South Pole Group have created the Asian Energy Transition Fund (AETF), which aims to combine their expertise in financing, planning and building green energy projects. […]

Southeast Asia ‘must boost energy efficiency’

The economic losses caused by the impacts of climate change in Southeast Asia could be 60% higher than expected. That’s according to a study released by the Asian Development Bank (ADB) at the COP21 conference in Paris, which suggests the region “must step up efforts” on energy efficiency. It focuses on Indonesia, Malaysia, Philippines, Thailand and […]

Myanmar to get 220MW solar farm

A solar farm with a capacity of 220MW is to be developed in Myanmar. It is said to be the largest solar plant in Southeast Asia. It will generate power for more than 75% of Myanmar’s population that have no access to electricity. Black & Veatch will develop the project, owned by Green Earth Power, […]

IEA: Southeast Asia needs $1.7trillion in energy investment

Southeast Asia will require around $1.7 trillion (£1.05tn) worth of investment in energy infrastructure over the next two decades to cope with an increase in demand. In a new report looking into Southeast Asia’s energy future, the International Energy Agency (IEA) called for the region to take “serious action” to improve energy efficiency in a […]

Fund for small-scale renewables raises nearly £84m

A private equity fund investing in small-scale renewable energy and resource efficiency projects in South East Asia has raised $130 million (£83.6 million) in it’s third closing. The Armstrong South East Asian Clean Energy Fund expects to make 10 to 15 investments over its 10-year life, putting between $5 million  (£3.2 million) and $12 million […]

US agency provides $360m for overseas renewables

A US agency has released $360 million (£230 million) to back two overseas funds that will provide the latest renewable technologies and help lay the foundations for emerging markets in the world. The Overseas Private Investment Corporation (OPIC), the US Government’s development financial institution, will provide a share of $125 million (£80 million) to Alternative […]