Major Thailand-based financier TMB Bank has issued the country’s first green bond, with the World Bank's IFC as the sole investor of the US$60 million bond, the funds of which will be used exclusively to finance climate-smart projects, particularly renewable energy.
According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.
A prolific trio of major companies in natural gas, energy storage and renewable energy project development have united to take on Asia’s energy storage market, with Japan’s JERA, Australia’s Lyon Group and US-headquartered multinational Fluence announcing a partnership this morning.
The Asian Development Bank (ADB) is providing a roughly US$40 million project financing package for Vena Energy, formerly Equis Energy, to build four solar plants in eastern Indonesia, which are said to be the Southeast Asian country’s first utility-scale PV plants.
Philippines' AC Energy to sell coal unit stake to boost renewables, GameChange Solar bags 305MW of tracker and racking orders in Florida, T-Plus starts construction of 105MW of solar in Russia.
Solar Media, the publisher of sites including Energy-Storage.News and PV Tech, has just launched the latest edition of the annual Global Energy Storage Opportunity report for this year - available now as a free download.
A joint venture between Sunseap, InfraCo Asia and CMX Renewable Energy Canada has received the green light for a 168MW solar PV project in the Ninh Thuan province of Vietnam, which will be the largest in the country.
Malaysian utility Tenaga Nasional Berhad (TNB) has signed a 21-year power purchase agreement (PPA) with Halpro Engineering for a 30MW(AC) solar project in Pahang, Malaysia.
Singapore-based clean energy provider Sunseap Group has contracted German energy storage firm Hoppecke Asia Pacific to bring storage to Sunseap’s hybrid off-grid solar system at Tanglin Academy, the largest tennis academy in Singapore.
