APAC energy transition investments
World Bank to boost energy transition in East Asia, Pacific with $2.5b programme
World Bank to boost energy transition in East Asia, Pacific with $2.5b programme
This will fund around 2.5 GW of additional renewable energy.
Global power sector needs $115t to achieve 2050 net zero goal
However, some consumers, including Singaporeans, do not want to spend more on electricity.
Lodestone acquires two grid-scale solar sites in Manawatu region
These can generate 27-megawatt-peak each.
Aquila Clean Energy and Farm North Solar Farm secure financing for 4 New Zealand solar projects
The first project will be completed in 2025.
Basic Energy to develop wind power project in northern Philippines
The project is located in the municipality of Pasuquin in Ilocos Norte province.
Eastland Group sells 50% stake in generation unit to Obayashi Corp
The capital raise included three geothermal projects, amongst others.
Cambodia to expand renewables capacity under Power Development Plan
The country may need $9.1b to support the development plan.
Copenhagen-based fund to invest in 3 offshore wind projects in the Philippines
The capacity of the three projects stands at around 2,000MW.
PAG launches renewables development, investment platform
The company is expected to invest more than $1b in the platform
Bp to acquire 40.5% shares in Asian Renewable Energy Hub
It will assume operatorship by 1 July 2022.
Record global energy investment to grow 8% to $2.4t in 2022: IEA
This is on the back of investment in renewables and grids.
SEA needs $190b annual energy investments by 2030: IEA
This amount will help the region reach its climate goals.
APAC energy transition investments reach $368b in 2021
The region accounts for 49% of the global energy transition investments.
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