Sustainability

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…

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).

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.

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 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……

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, 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 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.

Malaysia ranked 20th in the world based on the report of The Global Startup Ecosystem 2023, valuing the Malaysian start-up ecosystem at $46 billion for the first half of 2020 to 2022.

In the interview, Alibaba Cloud Vice President and General Manager of Enterprise Service Cloud William Xiong also shared about how digitization can help carbon neutralisation, insights on the latest development and technology for carbon management, Alibaba’s own approach to carbon reduction, among others.