News

June 26, 2019
Thailand to Develop Power Transmission Lines to Become Electricity Hub of ASEAN

Thailand has announced it will develop its power transmission lines to become the electricity hub of the region, sourcing hydropower from Laos and selling it to Malaysia, Cambodia and Myanmar. The idea is part of energy plans that ASEAN energy ministers will discuss in their meeting in September to guarantee cheap electricity for people in Southeast Asia.

June 26, 2019
Renewables are winning the economics battle against new coal and gas, stunning study shows

A new study reveals just how stunningly rapid the clean energy transition is. Bloomberg New Energy Finance reported that renewables are now the cheapest form of new electricity generation across two thirds of the world — cheaper than both new coal and new natural gas power. Yet just five years ago, renewables were the cheapest source of new power in only 1% of the world.

June 26, 2019
Regional energy project backed by USAID, ADB to unlock private investment

ADB and USAID recently signed an agreement to mobilize about $7 billion worth of investment for energy projects in Asia and the Pacific. USAID Asia Bureau Acting Assistant Administrator Gloria Steele said with the targeted investment, the agencies hope to increase the capacity of deployed energy systems by six gigawatts, and increase regional energy trade by 10% over the next five years.

June 26, 2019
ASEAN’s Biggest Solar Farm Project Commences Operations in Vietnam

Vietnam has constructed ASEAN’s largest solar farm with a combined generation capacity of 677 MW. Mrs. Preeyanart Soontornwata, president of Thailand’s B.Grimm Power, said the projects started to commercially sell electricity in June. “It is a successful startup, right on time and heralds a new era for the renewal energy scene in Vietnam while also representing a new significant revenue stream for BGRIM,” she said.

June 20, 2019
Meralco to invest in more green energy projects

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.

June 20, 2019
As Rooftop Solar Grows, What Should the Future of Net Metering Look Like?

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.

June 20, 2019
B.Grimm brings online 677MW of solar in Vietnam

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.

June 20, 2019
USAID, ADB to invest US$7bn to add 6GW of renewables in Asia-Pacific

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.

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