Energy

Malayan Banking Bhd (Maybank) announced Monday its support for Altervim, the renewable energy unit of Thailand’s leading conglomerate Charoen Pokphand Group (CP Group), in its expansion into Malaysia.

Malaysia's state-owned firm Petroliam Nasional Berhad (Petronas) and South Korean public natural gas company Korea Gas Corporation (KOGAS) have strengthened their long-standing partnership with the signing of a memorandum of understanding (MoU) aimed at driving innovation and sustainability within the global energy sector.

Philippine renewable energy developer Citicore Renewable Energy Corporation (CREC) and Indonesia state-owned Pertamina New and Renewable Energy (Pertamina NRE) have inked a $120 million strategic partnership.

Malaysia's state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) and Japan's power generation company JERA have agreed to expand their collaboration for sustainable energy.

Malaysia's state-owned oil and gas firm Petroliam Nasional Bhd (Petronas) and its partners have launched the Petronas Energy Transition Academy (P-ETA) on Monday which is designed to help prepare the future workforce to meet the demands and respond to the challenges and the opportunities of the lower carbon energy industry.

Malaysia-based clean energy infrastructure developer, Solarvest Holdings Berhad, through its wholly-owned subsidiary, Atlantic Blue Sdn Bhd, has secured Brunei’s largest national solar project via a joint venture company, Seri Suria Power (B) Sdn Bhd, in partnership with Serikandi Oilfield Services Sdn Bhd and Khazanah Satu Sdn Bhd.

To address Southeast Asia’s growing energy demand and support local economies, the International Finance Corporation (IFC), a member of the World Bank Group, is providing a loan package of up to THB3,140 million (approximately $92 million) to Winchai Company Limited – a wholly-owned subsidiary of Sermsang Power Corporation Public Company Limited (SSP).

Hong Kong-based renewable energy (RE) specialist Clean Kinetics has announced it has raised S$4.3 million in a Series A funding round to drive its asset development and international expansion plans in the renewables infrastructure space.

Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, has signed an agreement with ACEN, the listed energy company of the Ayala group, to sell a 25 percent minority stake in the San Miguel Bay offshore wind project in Camarines Sur subject to applicable regulatory approvals.

In a landmark move for regional energy cooperation, leading energy companies from Malaysia, Singapore, and Vietnam have signed a joint development agreement to explore the export of renewable electricity from Vietnam to Malaysia and Singapore.