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Asia and the Pacific needs grid upgrade to drive energy transition, says ADB reportInadequate investment in power grids is holding back developing countries in Asia and the Pacific from embracing the full benefits of an energy transition, including enhanced energy security, the creation of millions of green jobs, and the expansion of electricity access, the Asian Development Bank (ADB) said in its new report. ADB said in a statement on Monday that the bank calls for the...
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BDx Data Centers, HEXA Renewables sign strategic 50 MW deal to power SEA’s AI boom with green energyBDx Data Centers (BDx), a data center operator in Asia, Tuesday announced a strategic partnership with HEXA Renewables, a regional renewable energy firm, to create an innovative cross-border model that adds new clean energy capacity to the region, specifically the Singapore-Malaysia energy grid. BDx said in a statement that the collaboration directly addresses challenges around sourcing...0 Commenti 0 condivisioni 582 Views 0 Anteprima
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Clime Capital invests in smart energy management solution provider AmpotechClime Capital, the Singapore-based fund manager focused on accelerating the low carbon transition, has on Tuesday announced an investment in Ampotech, a Singapore-based energy management solution provider with operations in Vietnam. This investment, facilitated through the Southeast Asia Clean Energy Fund II (SEACEF II), will support Ampotech’s regional Southeast Asia expansion with an...0 Commenti 0 condivisioni 10K Views 0 Anteprima
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Clime Capital’s second SEA clean energy fund achieves maximum capitalization with $175M committedClime Capital, the Singapore-based fund manager, has announced that the South East Asia Clean Energy Fund ll (SEACEF ll) has achieved maximum capitalization with $175 million committed. SEACEF ll, the first blended investment fund established in Southeast Asia to provide early-stage high-risk capital to support promising businesses accelerating the region’s low-carbon transition, now...0 Commenti 0 condivisioni 9K Views 0 Anteprima
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Gentari breaks ground on Maryvale solar and energy storage projectMalaysia’s clean energy solutions provider Gentari has on last Wednesday marked the groundbreaking of the Maryvale solar and energy storage project, a key milestone in delivering reliable, low-carbon energy for New South Wales (NSW). The firm said in a statement that the project Maryvale is a next-generation hybrid renewable energy facility that integrates a 243 MWp solar installation...0 Commenti 0 condivisioni 1K Views 0 Anteprima
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Gentari inks deal to power TM’s key operations with solar energyMalaysian clean energy solutions provider Gentari, through its wholly-owned subsidiary Gentari Renewables Sdn Bhd, has signed landmark Solar Power Purchase Agreements (PPA) with telecommunications company Telekom Malaysia (TM) to power six key TM facilities with solar energy. Gentari said in a statement on last Thursday that these PPAs are part of an ongoing collaboration between TM and...0 Commenti 0 condivisioni 7K Views 0 Anteprima
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IFC invests $92M in Thailand’s Winchai to boost renewable energy access in SEATo address Southeast Asia’s growing energy demand and support local economies, the International Finance Corporation (IFC), a member of the World Bank Group, is providing a loan package of up to THB3,140 million (approximately $92 million) to Winchai Company Limited – a wholly-owned subsidiary of Sermsang Power Corporation Public Company Limited (SSP). IFC said in a statement on...0 Commenti 0 condivisioni 7K Views 0 Anteprima
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Maharlika, CP Group to launch $1B private equity fund for agri-food, digital, and green energy in the PhilippinesThe Philippines’ sovereign wealth fund Maharlika Investment Corporation (MIC) and Thai conglomerate Charoen Pokphand Group Co., Ltd. (CP Group) are launching $1 billion private equity fund for agri-food, digital, and green energy in the Philippines. MIC said in a statement on last Saturday that the duo have formalized their strategic partnership at Malacañang Palace, inking a...0 Commenti 0 condivisioni 9K Views 0 Anteprima
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Petronas FutureTech 4.0 seeks innovators to drive the future of energyMalaysia’s state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) has launched the fourth edition of its accelerator program, FutureTech 4.0, aimed at scaling innovative solutions that addresses real-world industry challenges and redefine the future of energy. Open for applications now, this edition will focus on driving innovation and sustainability across three key...0 Commenti 0 condivisioni 9K Views 0 Anteprima
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Seraya Partners: energy transition, digitalization, and regionalization are driving new investment opportunities across developed and emerging AsiaSeraya Partners said Monday that energy transition, digitalization, and regionalization, are driving new investment opportunities across developed and emerging Asia, as the region continues to drive global economic growth. The Asia-based independent private equity fund said in its latest whitepaper that an estimated $1.7 trillion in annual funding is required to sustain growth, modernize...0 Commenti 0 condivisioni 10K Views 0 Anteprima
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Singapore’s Quantified Energy secures Series A funding led by Vertex Ventures Southeast Asia & IndiaQuantified Energy (QE), a Singapore-based deep-tech company, announced its Series A fundraise led by Vertex Ventures Southeast Asia & India on Tuesday. With this latest funding round, QE will accelerate its global business development efforts and double down on product innovations to cater to the needs of the fast-growing solar industry, the firm said in a statement. “With this new...0 Commenti 0 condivisioni 8K Views 0 Anteprima
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