Sustainability
Singaporean startup Solar AI Technologies raises $1.5M to hyperscale solar
Singapore-based startup Solar AI Technologies, has recently closed its $1.5 million seed round led by Earth Venture Capital. Solar AI Technologies on Wednesday said that the round also saw participation from Undivided Ventures, Investible and climate-tech angel investor David Pardo.
Touchstone Partners and Temasek Foundation launch global climate innovations competition in Vietnam
Touchstone Partners, a Vietnam-based early-stage venture capital firm, and Temasek Foundation, a Singapore-based, non-profit philanthropic organization, have on Tuesday co-launched Net Zero Challenge 2023 (N0C 2023), a global climate innovations competition, in partnership with the Ho Chi Minh City Institute for Development Studies (HIDS). The competition…
Renewable energy manufacturing in Southeast Asia can generate $90B to $100B in sustainable revenue by 2030
Renewable energy manufacturing in Southeast Asia can generate $90 billion to $100 billion in sustainable revenue by 2030, said the Asian Development Bank (ADB) on Thursday. According to new research released by the Asian Development Bank (ADB), Bloomberg Philanthropies, ClimateWorks Foundation, and Sustainable Energy for All (SEforALL), the Southeast Asian…
Malaysia’s UEM acquires majority shares in Sustainable energy solutions company Cenergi
Malaysian engineering-based infrastructure and services company UEM Group Berhad has secured majority shares in sustainable energy solutions company Cenergi SEA Berhad (Cenergi) from Khazanah Nasional Berhad (Khazanah).
Malaysia’s Solarvest eyes further expansion in Taiwan’s clean energy market
Malaysian clean energy firm Solarvest Holdings Berhad has on Friday established a new wholly-owned subsidiary, Solarvest (Taiwan) Corp Ltd (STCL) in Taipei, Taiwan, with the strategic intent to strengthen its market presence and explore clean energy project opportunities in the country.
Malaysia’s Bintang Capital invests in Singaporean integrated waste management firm Blue Planet
Bintang Capital Partners Berhad (Bintang) has announced its investment under its maiden fund, BCP Asia Fund I L.P (BCPAF I) into Singapore-based waste management firm Blue Planet Environmental Solutions Pte Ltd (Blue Planet) to support the continued growth of its sustainable waste management technologies and capabilities.
BlackRock targets $1.21B for climate infrastructure strategy to support New Zealand’s net zero goals
BlackRock has targeted NZD 2 billion ($1.21 billion) for climate infrastructure strategy to support New Zealand’s net zero goals. The firm plans to launch a New Zealand-focused strategy, via its Climate Infrastructure franchise, that will provide a platform through which institutional investors can invest in New Zealand’s transition to a low-carbon……
Malaysia’s TNB partners Laos’s EDL to boost cross-border renewable energy trade
Malaysian electricity utility firm Tenaga Nasional Berhad (TNB) has partnered with Laos state-owned electricity firm Electricite Du Laos (EDL) to boost cross-border renewable energy (RE) trade from Laos with potential trade value ranges from MYR 460 million ($101 million) and MYR 2.3 billion ($500 million) beyond 2030.
Australian clean energy company MGA Thermal secures $8.25M funding to accelerate operations
Australian clean energy company MGA Thermal, has secured $8.25 million in funding as it prepares to scale its long-duration energy storage (LDES) solution. The fundraising effort attracted strong support from existing investors, including Main Sequence, Varley Holdings, Melt Ventures and New Zealand’s Climate Venture Capital Fund.
UEM partners local, foreign investors to develop hybrid solar photovoltaic power plant in Malaysia
UEM Group Berhad, the wholly-owned subsidiary of Malaysian sovereign wealth fund Khazanah Nasional Berhad (Khazanah), has inked Memorandums of Understanding (MoUs) with local and foreign investors to develop a one gigawatt (GW) hybrid solar photovoltaic (PV) power plant integrated with a Renewable Energy (RE) Industrial Park in Malaysia.
