The power company has launched three procurement auctions for a total of 2.9 GW of power generation capacity. Renewable energy companies are among the bidders to have expressed interest in providing electricity.
An EU funded solar-plus-storage project has been tendered in the Philippines. The United Nations is seeking bids for the system, to support the seaweed industry on the island of Tawi-Tawi. Combining PV with aquaculture brings many advantages for both, including water conservation, a more controlled aquatic environment, and ecosystem restoration.
An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.
Using an application based on resource data and country-specific techno-economic inputs, a report has analyzed the costs of developing utility scale renewables in Southeast Asia and found abundant, cost-competitive potential.
Two reports have concluded rooftop solar may replace PV parks as the main growth driver in the two big Asian markets over the next decade. Support programs for utility scale PV in both countries no longer seem attractive enough.
Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.
No more than four hours per day, did the 160 households enjoy energy supply. This has had negative impacts on the economic development of the islands. With support from the ADB, the island inhabitants now have 24h supply of clean energy, and new billing methods that suit the economic realities of poorer households.
World Bank sister organization the IFC has made a $75 million commitment to a green bond recently issued by Philippines based developer AC Energy. Vietnam’s sub-standard financial sector performance has prompted the Asian Development Bank to suggest green bonds could best leverage the country’s renewable energy targets.
The bank continues its involvement in Thailands largest IPP B.Grimm, which is set to grow its renewable energy portfolio. According to ADB, the green bond proceeds will go to nine operational solar PV plants with a cumulative rating of 67.7 MW, and 30.8 MW that are currently still under construction.
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