Filipino energy secretary Alfonso Cusi has euphemistically admitted that the suspension of four commissioners of the Energy Regulatory Commission (ERC) may cause delays in power projects, while the already inert solar industry has seen conditions go from bad to worse.
California-based clean energy firm Vasari Energy plans to build and operate two ground-mount and two floating solar projects in Vietnam over the next two years.
Fund manager Global Infrastructure Partners (GIP) and its co-investors have closed on their previously announced acquisition of 100% of the equity interest in renewable energy developer Equis Energy, in what is the largest renewable energy generation deal in history.
Several provincial authorities in Vietnam are developing guidelines for renewables that should improve the country’s solar market, but stubbornness from the monopoly utility EVN means that the largest-scale projects remain the preserve of big risk-takers, according to a representative of international law firm Baker McKenzie.
Ho Chi Minh City-based conglomerate TTC Corp plans to start constructing three solar projects, totalling 150MW of capacity, in Vietnam in the first half of next year.
Chinese clean energy firm Linyang Energy has signed an MoU with Singapore-based solar developer Sunseap to work on distributed solar, floating solar, module supply and energy efficiency projects locally in Singapore.
Philippines-based commercial bank, BDO Unibank, has issued its first green bond investment for US$150 million to sole investor the International Finance Cooperation (IFC), to expand finance for private sector investments and to tackle climate change.
The Energy Commission of Malaysia (EC) has released the list of winning developers in its second Large-Scale Solar (LSS) tender round, offering roughly 563MWac of capacity.
A consortium involving Malaysia-based developer Cypark Renewable Energy and Revenue Vantage has won a 43.18MW (30MWac) solar PV project in Malaysia from the Energy Commission (EC), according to a filing on Bursa Malaysia.
