News

ACEN Corporation commits $148.4m to Giga Ace 8

It subscribed to more shares of Giga Ace 8 to fund its solar project. 

First Gen needs $9b to boost RE capacity

The company has to increase its capacity by almost four times to reach 13 GW by 2030.

IEEFA calls for stricter regulations as $1.8b supernormal profits burden consumers

This was driven by under-forecasting which was left unchecked for years.

EMA and KOGAS ink deal on liquefied natural gas collaboration

They will share best practices and knowledge on procurement and supply management. 

EGAT and MHI partner for hydrogen-natural gas blending in power generation

This will also support Thailand’s goal to reach net zero emissions by 2065.

Alternergy raises $340.7m funding for RE projects

It is developing two wind farms and a solar farm that are targeted to start by 2025.

Octopus Australia secures land for 1 GW Merina Wind Farm

It now has 35,000 hectares of land within the South-West NSW Renewable Energy Zone.

Philippines to receive $500m in CIF funding to accelerate coal plant retirements

Coal-fired plants accounted for 44% of the country’s installed capacity.

ACWA Power sells 30% stake in RAWEC to Hassana

The company holds a 99% stake in the independent water, steam and power producer.

EMA seeks proposals for two 600MW hydrogen-ready CCGTs

Interested parties have until 31 October 2024 to submit their proposals. 

Accelerating clean energy adoption can lower power costs

Solar and wind are the cheapest renewable energy options.

Solar potential underutilised in sunniest markets

Access to financing remains a barrier to increasing solar capacity.

State Grid Zhenjiang’s new module enhances low-voltage PV estimation accuracy

State Grid Jiangsu Electric Power Research Institute developed the module.

First Gen sets $1.27b capex for 2024

The funding focus will be hydropower and other renewable energy projects.