USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
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USAID has partnered with ADB to invest heavily in clean energy projects, energy efficiency and power sector reform in the Asia-Pacific region. The partnership, signed at ACEF being held at ADB headquarters in Manila, plans to mobilize US$7 billion of investment to add 6GW of renewables capacity over the next five years.
Manila Electric Co. (Meralco) on Tuesday said it is developing 1,000 megawatts of renewable energy projects in the next five to seven years. In a statement, Meralco President and Chief Executive Officer Ray C. Espinosa said the expansion is in keeping with the company’s unwavering shift to renewable energy and the adoption of sustainable practices.
Like solar installers across much of America, Mark Hagerty is adapting to drastic changes in the economics of his business. The changes are part of a flurry of activity across the country as regulators and legislatures referee a showdown between utilities and a rooftop solar industry offering options that are more affordable and popular than ever. States are moving away from net metering policies that require utilities to pay solar owners the full retail rate for excess electricity sent to the grid.
Thai firm B.Grimm Power has brought into commercial operation two huge solar PV projects in Vietnam, including a 420MW plant in Tay Ninh and 257MW installation in Phu Yen. The 420MW installation was spread across two plants which came online to supply electricity to the national utility EVN.