Philippines utility Meralco has sunk PHP424 million (US$8.2 million) of equity funding into its renewables subsidiary, MGreen, to support 210MW of solar projects. The solar projects are estimated to have a total project cost of PHP10.01 billion (US$193 million). The plants will be spread across Luzon, the country's largest island, including some in Meralco's franchise area, according to a company statement published by local media.
Cambodia’s ranking in the latest global energy sustainability survey has improved dramatically, indicating that the Kingdom’s efforts to solve its energy woes and providing an adequate power supply are making headway. This also means that Cambodia, which suffered a crippling power problem a few months ago, has recovered well from that crisis. After many of its hydropower dams dried up because of a lingering drought, Cambodia was forced to ration power in many parts of the country early this year.
The government plans to issue operating licences for community waste power projects for a combined 400 megawatts of new power capacity during 2019-20. Wattanapong Kurovat, director-general of the Energy Policy and Planning Office (Eppo), said the office is the project's coordinator, working closely with the Interior Ministry and the private sector. "We are conducting a feasibility study before seeking applications from private power companies," he said.
Vietnamese advocates of solar power have begun a "Million Green Homes" project, aimed at spreading the use of solar power in the country instead of coal and other fossil fuels. The project is being undertaken by the new Vietnam Coalition for Climate Action, formed in August by a group of leaders from business, academia and public organizations, and is designed to use a combination of public outreach and financial initiatives to get solar power on an additional million buildings.
Vietnamese firm Da Nhim–Ham Thuan–Da Mi (DHD), a subsidiary of national utility EVN, has bagged a US$37 million loan from the Asian Development Bank (ADB) for a 47.5 MW floating solar project that is claimed to be the first and largest such project in the Southeast Asian nation. The project will be built on a man-made reservoir in Southern Vietnam where DHD operates its existing 175 MW Da Mi hydropower plant, co-locating the two energy technologies in a manner that is expected to be replicated elsewhere in Vietnam and across the Asia Pacific region.
Nguyễn Mạnh Cường, an official from the Institute of Energy’s Department of Electrical System Development under the Ministry of Industry and Trade, spoke with Vietnam News Agency about the implementation of the national power development master plan in 2021-2030 (or Power Development Master Plan 8). The Government has approved the scheme for power development master plan 8, which was submitted by the ministry. The ministry is still awaiting the official decision signed by the Government.
Australian energy tech startup Power Ledger is keen to expand business in Southeast Asia, as the region is expected to become the fourth-largest energy consumer in the world by 2030...Maria Atkinson, an adviser to Power Ledger, outlined the company's business presence worldwide, with projects in Thailand, Japan, Europe, Australia and the US. Power Ledger runs blockchain-backed peer-to-peer energy trading that can support uptake of renewable energy in the future.
Renewable energy sources including hydropower are set to account for 49 percent of the world’s electricity generation by 2050, up from 28 percent in 2018, the U.S. Energy Information Administration (EIA) said on Wednesday. Last year, as much as 96 percent of the 28-percent share of renewables in global electricity generation came from hydropower, wind, and solar energy, the EIA says in its International Energy Outlook 2019 (IEO2019).