News
First Gen’s net income down 8% YoY to $194m in first 9 months
First Gen’s net income down 8% YoY to $194m in first 9 months
The result was due to lower earnings in natural gas.
Asia coalition launched to accelerate clean energy procurement
ACEC’s vision includes clean energy’s accessibility and affordability in the region by 2030.
Industry decarbonisation alliance identifies six priorities
The six pillars include renewables, and green energy, amongst others.
Fossil fuel cost savings in Asia could reach $44b: report
This $10b more than in the first half of 2022.
How much did these Asian countries saved with solar power
Seven countries were able to save about 9% of their fossil fuel costs in the first half.
Ingka Group becomes Asia Clean Energy Coalitions’ founding member
The coalition will convene the world’s leading clean energy buyers, investors, and developers.
Brookfield, MidOcean proposes Origin Energy shares acquisition
The proposal is priced at A$9 per share or a total of A$18.4b.
IRENA’s energy transition platform bags $1b investments
The platform aims to ramp up funding for renewable projects in developing countries.
AGL breaks ground for 50MW grid-scale battery
It is expected to start operations by mid-2023.
Adani unit cash profit up 50% in Q2 FY23
Its operational capacity grew 24% YoY to 6,724MW.
Global Power Synergy net profit falls over 50% in Q3
This was linked to the higher fuel prices.
PetroGreen, Copenhagen Energy to form SPVs for 4GW offshore wind in the Philippines
They were awarded offshore wind service contracts in 2021.
China’s offshore wind to grow to 97GW by 2031: report
This represents an annual growth rate of 14.3%.
ACWA Power, OIA ink MoU to co-invest in 1.5GW wind project in Egypt
The Oman Investment Authority is looking into owning 10% of the project.
AIIB, GEAPP to invest $1b for energy transition projects
They will identify co-financing opportunities in both the public and private sectors.
Rapid growth seen in Asia’s offshore wind capacity: report
It is expected to rise by 15.3% annually.
Tata Power unit to build 150MW solar project in Maharashtra
It is expected to be commissioned within 18 months from the PPA execution date.
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