Sustainability
Malaysian RE developer Ditrolic Energy secures investment backing from BlackRock’s Climate Finance Partnership
Malaysian renewable energy (RE) developer Ditrolic Energy Holdings Sdn. Bhd. has secured investment backing from global asset management company BlackRock’s Climate Finance Partnership1 (CFP), its flagship public-private finance vehicle. The duo have entered into an agreement in which CFP will back Ditrolic Energy’s expansion to build commercial and…
Danfoss unveils Asia Pacific’s Sustainability Technology Center in Singapore to accelerate decarbonization efforts regionally
Danish multinational engineering group, Danfoss, has unveiled Asia Pacific’s first Sustainability Technology Center (STC) in Singapore on Monday at the Nordic European Center, International Business Park. The STC is set to become a prime gateway for introducing global decarbonization solutions to bolster the region’s sustainability efforts through…
Malaysia’s TNB partners China’s state-owned utilities to shake up ASEAN power grid with HVDC technology
Malaysian utility firm Tenaga Nasional Berhad (TNB) is spearheading a transformative partnership with China’s state-owned power utilities, aiming to revolutionize the ASEAN power grid (APG) through cutting-edge highvoltage direct current (HVDC) technology.
Clime Capital hits first close of second Southeast Asian clean energy fund at $127M
Clime Capital, the Singapore-based fund manager focused on accelerating the low carbon transition, has on Monday announced the first close of the South East Asia Clean Energy Fund II (SEACEF II), with $127 million committed. SEACEF ll is the first blended investment fund established in Southeast Asia to provide early-stage high-risk capital to support…
Societe Generale and IFC seal new agreement to accelerate on sustainable finance
European bank Societe Generale and IFC, a member of the World Bank Group, have signed a collaboration framework agreement to accelerate on sustainable finance in developing countries, as part of both institutions' shared ambition to contribute to the UN Sustainable Development Goals (SDGs) and strong commitment to the environmental transition and…
Australia’s Element Zero raises $10M in seed funding led by Playground Global
Element Zero, an Australia-based green materials platform company, announced Wednesday that it has raised $10 million in seed funding led by Playground Global. The firm will use the funding to grow research and development (R&D), engineering, and project development teams and scale the development of a pilot iron plant.
BCX inks deal with MPIA to enhance voluntary renewable energy certificates market
Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Malaysian stock exchange Bursa Malaysia Berhad, has announced a strategic collaboration with the Malaysian Photovoltaic Industry Association (MPIA), marking a significant step in the enhancement of Malaysia’s voluntary renewable energy certificates (RECs) market.
Malaysia’s Gentari acquires stake in Hai Long offshore wind project in Taiwan
Malaysia-based clean energy solutions provider Gentari, through its subsidiary Gentari International Renewables Pte Ltd has added offshore wind capacity into its portfolio, following an investment into the Hai Long offshore wind project located off the Changhua coast in the Taiwan Straits.
India’s Adani Green Energy raises $1.13B to boost capacity
Adani Green Energy Ltd (AGEL), India’s largest renewable energy developer, said its shareholders will invest INR 9,350 crore ($1.13 billion) in the company to boost its capacity. The funds will be utilized for deleveraging and accelerated capital expenditure.
Malaysia’s TNB partners Sime Darby to accelerate sustainable township development in Malaysia
Malaysian utility firm Tenaga Nasional Berhad (TNB) and property developer Sime Darby Property Berhad have joined forces in a landmark collaboration aimed at expediting sustainable energy projects within Sime Darby Property’s Township developments.
