Energy

Singapore has updated its standard for renewable energy certificates (RECs), requiring companies to use certificates linked to renewable electricity supplied directly to the country's power grid to substantiate claims of renewable electricity consumption.

DBS Bank Ltd., the International Finance Corporation (IFC), a member of World Bank Group and Malayan Banking Berhad (Maybank), will back the $6 billion Johor-Singapore renewable energy financing framework. 

Malaysia-based Petroliam Nasional Berhad (Petronas)’ wholly-owned subsidiary, Petronas CCS Ventures Sdn. Bhd. (PCCSV), TotalEnergies EP CCS Malaysia (TotalEnergies) and Mitsui & Co., Ltd. (Mitsui) have signed a Joint Venture Agreement (JVA) to develop the carbon dioxide (CO2) storage areas offshore Peninsular Malaysia, a key component of Malaysia's…

LS Eco Energy, under South Korean chaebol LS Group, will invest KRW64.86 billion ($49 million) in building a new production line for medium-sized ultracapacitor cells at its Vietnamese subsidiary, LS Cable & System Vietnam.

The Ministry of Energy, Trade and Industry (METI) and Energy Market Authority (EMA) have on Monday launched three schemes to support the development of a strong pipeline of local expertise in nuclear energy in Singapore.

Singapore and Malaysia have renewed an energy cooperation agreement to strengthen technical collaboration on solar power, energy storage systems, renewable energy certificates and cross-border electricity trading, supporting regional power grid integration and the transition to cleaner energy, the duo said on Monday. 

Singapore's Energy Market Authority (EMA) has granted conditional approval to Sembcorp Utilities as the designated importer for the 1.3-GW Vietnam-Malaysia-Singapore renewable electricity initiative.

The Singapore Economic Development Board (EDB) has appointed three power generators, Keppel Energy, Sembcorp Utilities, and Tuas Power Generation, as biomethane aggregators under Singapore's 300-MW regulatory sandbox.

Singapore has launched a S$143 million ($112 million) funding initiative to speed up the development and commercialization of low-carbon technologies for industry.

Vietnam National Industry-Energy Group (Petrovietnam or PVN) and Denmark's Copenhagen Infrastructure Partners (CIP) have signed an agreement to develop the Nam Trung Bo 1 offshore wind project in Vietnam's south-central region.