Sustainability
China’s GDS inks renewable energy agreement with Malaysia’s Cenergi
GDS, a China-based developer and operator of high-performance data centers, has reinforced its commitment to sustainability by establishing a 21-year renewable energy virtual power purchase agreement (VPPA) with Malaysia’s solar power producer and diversified renewable energy developer, Cenergi SEA Berhad (Cenergi).
India’s InSolare Energy raises $8M to enhance renewable energy business
InSolare Energy, an India-based renewables engineering, procurement and construction (EPC) company dedicated to customer-centric and technology-driven solutions, has raised Rs 660 million (approximately $8 million) in a growth funding round.
Malaysia’s Gentari partners SEDC Energy to develop centralized hydrogen production hub in Sarawak
Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari), through its subsidiary Gentari Hydrogen Sdn Bhd, has signed a heads of agreement (HOA) with SEDC Energy Sdn Bhd (SEDCE), a subsidiary of the Sarawak Economic Development Corporation, for the joint development of a centralized hydrogen production hub in Sarawak’s Bintulu, to be known as the…
India’s Varaha raises $8.7M in Series A funding round led by RTP Global
Varaha, an India-based full-stack climate-tech company that specializes in generating carbon credits from nature, has on Thursday announced it has raised $ 8.7 million. The Series A funding round is led by RTP Global with contributions from Omnivore and Orios – both returning investors – and marks the inaugural investment by Norinchukin Bank, one of Japan's…
Malaysia’s TNB to develop hybrid hydro-floating solar photovoltaic projects
Malaysian utility firm Tenaga Nasional Berhad (TNB) is planning to build hybrid hydro-floating solar (HHFS) Photovoltaic (PV) projects under National Energy Transition Roadmap (NETR) at its hydro dam reservoirs.
South Korea’s InnoCSR secures new investment from ADB Ventures, Garden Impact Fund, and Clarion Newlife Capital
South Korea's green energy firm InnoCSR has secured a substantial investment for its technology, Good Bricks System, through a successful Series A funding round. This new investment comes from ADB Ventures, along with support from Singapore-based Garden Impact Fund and Clarion Newlife Capital.
IFC invests in Tajikistan’s first green bond to support climate-smart projects
The International Finance Corporation (IFC) has announced a subscription of up to $10 million in a landmark local currency green bond issued by Tajikistan's Eskhata Bank—the first in the country — to boost access to climate finance for smaller businesses amid a challenging macro-economic environment.
Blue Planet Boosts Circular Economy with a majority stake in Mahindra Waste to Energy
Blue Planet Environmental Solutions Pte. Ltd. (Blue Planet), a Singapore-based sustainable waste management firm, has finalized the acquisition of Mahindra Waste to Energy Solutions Limited (MWTESL), a subsidiary of Mahindra Group.
Malaysia, Indonesia, Thailand and Singapore stock exchanges team up to develop ASEAN Interconnected Sustainability Ecosystem
Stock exchanges in Malaysia, Indonesia, Thailand and Singapore said Thursday they have teamed up to develop an ASEAN Interconnected ASEAN Interconnected Sustainability Ecosystem (ASEAN-ISE), to advance Asean’s sustainable development through the implementation of common environmental, social and governance (ESG) metrics in their respective data…
IFC opens public access to AI-powered accelerator for sustainable investments
The International Finance Corporation (IFC) has on Tuesday announced the release of MALENA, a tool powered by artificial intelligence (AI) to transform environmental, social, and governance (ESG) analysis for emerging markets.
