The Asian Development Bank (ADB) has approved a US$90 million loan to help Cambodia strengthen climate resilience and modernize the agriculture sector, including the promotion of renewable energy.
Thai agro-industrial and food conglomerate Charoen Pokphand Foods (CPF) has signed an agreement with local clean energy firm Gunkul Engineering to install a 40MW rooftop solar project at CPF’s manufacturing plants for self-consumption.
Sharp Energy Solutions Corporation (SESJ), a subsidiary of Japan’s Sharp Corporation, has completed a 1.6MW solar project inside Jakabaring Sports City, a sports complex in Palembang, South Sumatra, Indonesia.
Thailand has filed a complaint with the World Trade Organisation (WTO) requesting consultations with the US over its 30% solar import tariffs and discussions over trade compensation, according to a WTO filing dated 21 June.
Thailand’s B.Grimm Power has signed a cooperation agreement with Vietnam’s Xuan Cau to develop the largest solar PV project in Southeast Asia, standing at 420MW capacity in Tay Ninh, southwest Vietnam.
Independent French power producer Akuo Energy has commissioned three PV-plus-storage microgrid projects that will provide power to the villages of Merabu, Long Beliu and Teluk Sumbang in Indonesia.
Sunseap International, a subsidiary of Singapore-based Sunseap Group, has started construction of its 186MW, US$150 million solar farm in Vietnam – claimed to be the largest PV project in the ASEAN region.
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.
