The Asian Development Bank (ADB) along with Southeast Asian governments and major development financiers has launched the “ASEAN (Association of Southeast Asian Nations) Catalytic Green Finance Facility,” a new initiative that aims to mobilize more than $1 billion in green infrastructure investments across Southeast Asia. The initiative is expected to provide loans and technical assistance for sovereign gre ...

Spending on smart city initiatives in Asia/Pacific excluding Japan (APEJ) will reach $35.4bn by 2022, a 16.8 per cent increase over the 2018 forecast, according to IDC. The analyst’s Worldwide Semiannual Smart Cities Spending Guide reports that the combined spending from smart cities programmes from Singapore, Beijing, Shanghai, and Seoul are expected to hit over $4bn this year. China will account ...

The Association of Southeast Asian Nations, the Asian Development Bank (ADB) and major financiers on Thursday launched a facility to spur more than US$1 billion (31.78 billion baht) in green infrastructure investments across Southeast Asia. The facility offers loans and technical assistance for sovereign projects in areas such as sustainable transport and clean energy, the ADB said during the meetings of As ...

Rolls-Royce and ABB announce global microgrid cooperation •       Partnership on microgrid solutions that integrates digital technology and efficient hybrid power systems  •       Rolls-Royce and ABB will offer microgrids for utilities, commercial and industrial establishments Rolls-Royce and ABB have an ...

The first order is the company’s first V150-4.2 MW order in Southeast Asia for a project in Vietnam, and the second order was secured using customised solutions for a 43 MW order with a first 20-year service contract in Taiwan. In Vietnam, the company has won its first V150-4.2 MW order in Southeast Asia, signed the project with an undisclosed foreigner investor. This 42 MW order includes supply and install ...

Japan’s environment minister has announced he will “in principle” oppose any new plans to build or expand coal-fired power stations, as further signs emerge of a dramatic energy pivot by Australia’s top export market for thermal coal. Guardian Australia reported in March that Japan had cancelled a large percentage of planned investments in coal-fired power, while Japanese investment vehicles were ditching c ...

Technological innovations and favourable government policies are among the four trends expected to drive Southeast Asia’s transition to renewable energy in the coming years.  A report published by global auditing firm KPMG on Tuesday titled ‘The Renewable Energy Transition’ noted that while there are still 70 million ASEAN citizens without access to reliable electricity, the potential for renewable ene ...

How ASEAN’s power industry is shaping up in the digital economy Technology is fast becoming the bedrock of any energy and power-related goals in ASEAN. Catalysed by ambitious goals, such as expanding the region’s renewable energy to 23% by 2025, the power and energy industry is ripe for disruption. However, as cities drive their manufacturing sectors towards Industry 4.0 and ready themselves for smart and s ...

GE and Uniper Unveil ‘GT26 HE’ Solution, the World’s First High-Efficiency Upgrade for the GT26 Gas Turbine Fleet • By Tapping into GE’s H-Class, F-Class and Additive Manufacturing Technologies, GE Unleashes Full Performance of the GT26 Platform • GE’s GT26 High-Efficiency Upgrade Provides a Leap Forward in Efficiency; Significantly Decreases Fuel Costs, Increases Plant Output up to 55 Megawatts per Unit an ...

EverSource Capital, the joint venture between private equity firm Everstone Capital and global solar project developer Lightsource BP, is looking to invest over $1 billion in renewable energy investments through its Green Growth Equity Fund, said a senior company executive. The National Investments and Infrastructure Fund (NIIF) of India and the UK government are anchor investors in Green Growth Equity Fund ...