Energy

Malaysia's state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) has forged a partnership with United Kingdom-based chartered professional membership body Energy Institute (EI) for Asia's energy transition.

Malaysia’s clean energy solutions provider Solarvest Holdings Berhad has partnered with Australia's sustainable real estate firm EXAL Group to bring clean energy infrastructures to EXAL’s architectural developments in Sarawak.

Helion, a fusion energy company, has on Tuesday announced a $425 million Series F investment round that will be used to scale commercialization efforts for the company’s groundbreaking fusion technology.

Vietnam-based Saigon Jim Brother’s Corporation (EVM), Solarvest (Vietnam) Company Limited (Solarvest) and Power Engineering Consulting Joint Stock Company 2 (PECC2) have forged strategic partnership to accelerate renewable energy adoption in Vietnam through the new direct power purchase agreement mechanism (DPPA) via national grid.

Swiss fund manager SUSI Partners has raised $139 million additional investor capital for its Southeast Asia-focused strategy, increasing its total size to $259 million.

The enhancements to the Corporate Renewable Energy Supply Scheme (CRESS) is expected to boost Malaysia's renewable energy (RE) sector despite challenges remain, Affin Hwang Investment Bank said last Friday.

The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has announced a $20 million investment in CME Solar to support the company to develop a pipeline of rooftop solar projects for companies in Vietnam.

TA Securities has estimated that Malaysia's carbon capture technologies could attract over $10 billion in capital expenditures by 2030, in line with the government's National Energy Transition Roadmap (NETR) target of 40-80 million tons per annum (MTPA).

Kenanga Research said Monday that rising electricity costs and corporate requirements to report energy-saving initiatives are set to accelerate solar adoption in Malaysia, driving solar engineering, procurement, construction and commissioning (EPCC) players' order books to all-time highs.

Singapore state-owned investor Temasek and Sweden global investment organization EQT Infrastructure IV have announced the sales of Indian renewable energy platform O2 Power to India-based power firm JSW Neo Energy for $1.5 billion.