USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
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The declining price of solar power gets more press, but there are big things happening in wind technology too. GE Renewable Energy announced that it will be investing $400 million to develop a new monster turbine: the Haliade-X, which will be the biggest, tallest, and most powerful in the world.
Electrify, which aims to use blockchain to let users buy electricity from energy retailers and other consumers, has raised US$30 million in under 10 days via a token sale, the Singapore-based startup said in a press release. This makes it one of the largest token sales from a Singapore company on record.
ASEAN is currently facing some dilemmas on renewable energy as they have to focus on the need to deliver secure energy, grow consistently, and also develop in a sustainable way. A recent research paper suggests that tidal stream energy might be an attractive choice for Southeast Asian countries as opposed to other forms of renewable energy.
The “Vietnam Energy Efficiency for Industrial Enterprises” project aims to promote efficient energy use and contribute to the country’s overall goals of energy efficiency and conservation. The project was established by the World Bank and MoIT on December 29, 2017, and will last until July 2022, with a total budget of 158 million USD.