The Asian Development Bank (ADB) will invest THB5 billion (US$155 million) in Thai firm B.Grimm Power's maiden 5-year and 7-year green bonds – the first certified climate bonds to be issued in Thailand – in order to finance renewable energy projects in the Southeast Asian country.
Myanmar-based off-grid PV company SolarHome has raised US$10 million in debt funding from a group of international investors, including Crowdcredit from Japan and Trine from Sweden, in order to expand across Myanmar.
UPDATED: A controversial House Bill granting private Filipino firm Solar Philippines a PV mini-grid and transmission franchise across the Philippines has all but passed through Congress, with only a procedural third step left to confirm the final draft of the Bill.
Vietnamese conglomerate TTC Group and Gia Lai Electricity JSC (GEC), a member of the TTC, have launched a 49MW solar PV project in Krong Pa District in Gia Lai Province, Vietnam, which is the company's second plant, and the largest in the country.
A bill that is currently passing through the Philippines Senate would allow commercial and industrial (C&I) entities to optimise the use of their rooftops with solar power, while also helping reduce costs for housing initiatives for the underprivileged, according to the head of a Filipino trade association.
The new chairperson of the Philippines Energy Regulatory Commission (ERC) has showed clear intention to solve the huge build-up of pending approvals of power projects, in what she dubbed as the ‘Zero Backlog Program’.
Seraphim Solar has signed agreements to provide modules for two separate PV projects totalling 80MW in Vietnam, developed by a joint venture between Vietnam-based firm AMI Renewables and AC Energy of the Philippines.
Singapore-based solar develop Sunseap Group is developing one of the world’s largest offshore floating photovoltaic (OFPV) systems, a pilot system standing at 5MW on sea water along the Straits of Johor.