Sustainability
India’s Varaha raises $8.7M in Series A funding round led by RTP Global
Varaha, an India-based full-stack climate-tech company that specializes in generating carbon credits from nature, has on Thursday announced it has raised $ 8.7 million. The Series A funding round is led by RTP Global with contributions from Omnivore and Orios – both returning investors – and marks the inaugural investment by Norinchukin Bank, one of Japan's…
Malaysia’s TNB to develop hybrid hydro-floating solar photovoltaic projects
Malaysian utility firm Tenaga Nasional Berhad (TNB) is planning to build hybrid hydro-floating solar (HHFS) Photovoltaic (PV) projects under National Energy Transition Roadmap (NETR) at its hydro dam reservoirs.
South Korea’s InnoCSR secures new investment from ADB Ventures, Garden Impact Fund, and Clarion Newlife Capital
South Korea's green energy firm InnoCSR has secured a substantial investment for its technology, Good Bricks System, through a successful Series A funding round. This new investment comes from ADB Ventures, along with support from Singapore-based Garden Impact Fund and Clarion Newlife Capital.
IFC invests in Tajikistan’s first green bond to support climate-smart projects
The International Finance Corporation (IFC) has announced a subscription of up to $10 million in a landmark local currency green bond issued by Tajikistan's Eskhata Bank—the first in the country — to boost access to climate finance for smaller businesses amid a challenging macro-economic environment.
Blue Planet Boosts Circular Economy with a majority stake in Mahindra Waste to Energy
Blue Planet Environmental Solutions Pte. Ltd. (Blue Planet), a Singapore-based sustainable waste management firm, has finalized the acquisition of Mahindra Waste to Energy Solutions Limited (MWTESL), a subsidiary of Mahindra Group.
Malaysia, Indonesia, Thailand and Singapore stock exchanges team up to develop ASEAN Interconnected Sustainability Ecosystem
Stock exchanges in Malaysia, Indonesia, Thailand and Singapore said Thursday they have teamed up to develop an ASEAN Interconnected ASEAN Interconnected Sustainability Ecosystem (ASEAN-ISE), to advance Asean’s sustainable development through the implementation of common environmental, social and governance (ESG) metrics in their respective data…
IFC opens public access to AI-powered accelerator for sustainable investments
The International Finance Corporation (IFC) has on Tuesday announced the release of MALENA, a tool powered by artificial intelligence (AI) to transform environmental, social, and governance (ESG) analysis for emerging markets.
Solarvest partners CENTEXS, Huawei to unveil new wind turbine testbed and green energy gallery
Solarvest Borneo Sdn Bhd, a subsidiary of Malaysia-based clean energy expert Solarvest Holdings Berhad, has unveiled a new green energy testbed with the Centre for Technology Excellence Sarawak (CENTEXS) and Huawei Technologies (Malaysia) Sdn Bhd at CENTEXS’ Headquarters in Santubong, Kuching, Sarawak.
ADB commits record climate finance of almost $10B in 2023
The Asian Development Bank (ADB) said Wednesday that it has committed a record amount of climate finance in 2023 to help its developing member countries (DMCs) in Asia and the Pacific cut greenhouse gas emissions and adapt to the impacts of a warming planet.
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…
