Singapore-based Sembcorp Industries Ltd (SGX:U96) today unveiled a strategic plan to shift its portfolio from brown to green that includes quadrupling renewable energy capacity to 10 GW by 2025 from 2.6 GW in 2020. The company, which following the demerger with Sembcorp Marine in September 2020 is a focused energy and urban business, currently has […]
Singapore and Sweden Can Help Each Other in Sustainable-Related Businesses
Speaking at the Sweden-Southeast Asia Business Reset Summit 2021 on 25 May, Singapore’s Trade and Industry Minister Gan Kim Yong said that Singapore and Sweden can help each other in sustainable-related businesses. The Hybrid event was the 3rd edition of the Sweden-Southeast Asia Business Summit by Team Sweden and this year the event focused on […]
Maxeon Solar lands 1-GW Module Supply Contract in Nevada
Singapore-based Maxeon Solar Technologies Ltd (NASDAQ:MAXN) has won an order to supply about 1 GW of bifacial modules for the Gemini solar-plus-storage project near Las Vegas in Nevada. Primergy Solar LLC, a portfolio company of Quinbrook Infrastructure Partners, has contracted the SunPower spin-off to deliver almost 1.8 million shingled bifacial Performance 5 UPP solar panels […]
DBS, SGX, Standard Chartered and Temasek to Take Climate Action Through Global Carbon Exchange and Marketplace
DBS, SGX, Standard Chartered and Temasek to develop a carbon exchange and marketplace, Climate Impact X; providing organisations with high-quality carbon credits to address hard-to-abate emissions Climate Impact X will use satellite monitoring, machine learning and blockchain technology to enhance transparency, integrity and quality of carbon credits. Forged as a result of Singapore’s Emerging Stronger […]
How East Asia’s Diverse Markets are Fueling Renewables Development
RECAI 57: policy and capital market activity are aligning as East Asian markets attempt to address power demand growth and climate concerns. A strong outlook for power demand and growing concerns about climate change are the common themes that link many of the diverse power markets of East Asia. The region has a robust pipeline […]
Foreign Investors Increase Acquisitions of Renewable Energy Projects in Vietnam
Foreign investors from China, Thailand, and Singapore are increasingly acquiring renewable energy projects located at strategic positions from domestic enterprises. Chinese investors are increasing their ownership in numerous renewable energy projects in Central Vietnam, the Central Highlands region, and Southwest Vietnam. Notably, in Dak Nong Province, the joint venture between Hung Bac Energy Investment JSC […]
Green Buildings do More Than Keep Tropical Tenants Cool
Architects are no longer trying to insulate workers, instead trying to adapt structures to their natural surroundings, which can present unique challenges, from intense downpours to constant heat and humidity. On a typically hot and humid afternoon in Singapore, a fresh breeze blows beneath the canopy of the South Beach development, keeping temperatures several degrees […]
KKR-Backed Renewables Platform Buys 76 MW of Solar Portfolio From Singapore Firm Sindicatum
Virescent Infrastructure, a renewable energy platform backed by global asset manager KKR & Co, has acquired the 76 megawatt (MW) India solar asset portfolio of Singapore-based Sindicatum Renewable Energy Company Pte Ltd. VCCircle was the first report to last month that KKR was looking to buy the assets spread across Gujarat, Rajasthan and Madhya Pradesh. […]
Good Chance S’pore Can Achieve 6% Growth This Year: PM Lee
SINGAPORE – There is a good chance that Singapore can achieve 6 per cent growth or better this year, but this will only take the country back to where it was before Covid-19 struck, Prime Minister Lee Hsien Loong said on Saturday (May 1). Singapore’s workers must grow new muscles, seize new opportunities and prepare […]
Latest Transforming Business Poll Shows Hong Kong and Singapore Businesses are Prioritizing Sustainability to Drive Innovation
Sustainability was one of the top innovation investments by companies in Hong Kong and Singapore, according to the latest Transforming Business poll. Because of their work, Insider named some of the poll respondents to our annual list of the 10 leaders transforming energy. Despite the long list of obstacles companies have faced throughout the pandemic […]