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Multilateral climate funds redirect energy finance towards emerging markets

Between 2015 and 2024, four multilateral climate funds committed nearly eight bn USD to clean energy, attracting private capital through concessional terms while Africa and Asia absorbed more than half of the volume.

PTT Oil posts record profit and accelerates expansion in Asia

PTT Oil and Retail Business announces a 46% increase in net profit for the first quarter of 2025, driven by regional expansion in its energy and non-energy activities, alongside an integrated ESG strategy.

Global small-scale LNG market to reach $31.78bn by 2030

The small-scale liquefied natural gas market is forecast to grow at an annual rate of 7.5%, reaching an estimated total value of $31.78bn by 2030, driven particularly by maritime and heavy-duty road transport sectors.
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Russia and Mali Sign Trade Agreements and Target Nuclear Energy

Russia strengthens its economic presence in Mali with new agreements, notably in nuclear energy and gold refining, consolidating strategic cooperation within a rapidly evolving geopolitical context.

African Debt: Why Investors Must Anticipate Immediate Climate Impacts

African countries now spend more on debt service than on education and healthcare, limiting essential investments despite significant energy potential. The G20, under pressure, struggles to provide an adequate response to the financial and climate challenges.

Up to 30% of ASEAN data centres could be powered without batteries by 2030

A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
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CIP sells 25% stake in offshore wind project in the Philippines to ACEN

Copenhagen Infrastructure Partners sells a minority stake in its 1 GW project to ACEN to accelerate its development ahead of upcoming energy auctions planned by the Philippine government.

Ember forecasts solar and wind could power 30% of ASEAN data centres

Ember anticipates that a third of ASEAN data centre electricity demand could be met by wind and solar by 2030, without batteries, if appropriate political measures are implemented.

Qair launches two hybrid solar plants totalling 30 MWp with storage in Chad

French group Qair has begun construction on two hybrid solar plants in N’Djamena totalling 30 MWp with battery storage, under a 20-year BOOT contract with the Chadian government.
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EMBER: ASEAN’s interconnected grids could unlock 30 GW of solar and wind energy

A report identifies 30 GW of solar and wind potential along Southeast Asia’s interconnection corridors, highlighting the challenges tied to regional electricity infrastructure.

Natural gas demand in Southeast Asia to surpass oil and coal by 2050

Driven by economic growth and renewable energy limitations, natural gas consumption in Southeast Asia is expected to nearly double by 2050, according to Wood Mackenzie.

Maxeon restructures operations after 55% annual revenue drop

Facing a U.S. import ban and a sharp sales decline, Maxeon Solar Technologies is now focusing its efforts on the American market.
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Mainstream sells 675 MW of wind and solar projects to Celsia in Colombia

Mainstream Renewable Power sold its entire Colombian portfolio to Celsia, marking its exit from the country to focus operations on three strategic markets.

ACEN Australia raises EUR 456 mn to expand its solar and hybrid projects

ACEN Australia has raised EUR 456 mn to support its renewable energy projects in Australia, backed by 11 local and international financial institutions.

Aker Horizons and Mitsui secure €128mn funding for Mainstream

Aker Horizons and Mitsui have finalised a structured financing agreement with DNB to support Mainstream Renewable Power’s targeted strategy in South Africa, Australia and the Philippines.
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Global white hydrogen reserves spark a new race for exploration

From France to Mali and Albania, recent discoveries of substantial white hydrogen reserves are fueling global competition for commercial exploitation of this still-underestimated resource.

Nexif Ratch Energy secures key permit for 500 MW offshore wind project in the Philippines

Nexif Ratch Energy has received preliminary environmental approval from the Philippine government to initiate technical studies for its 500 MW San Miguel Bay offshore wind project.

Sungrow deploys PowerTitan 2.0 in 100 MWh energy storage project in Finland

Sungrow will supply its liquid-cooled PowerTitan 2.0 system for the Kalanti BESS project, a 50 MW/100 MWh facility developed by Renewable Power Capital in southwest Finland.
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ACCIONA Energía launches the construction of the Daanbantayan solar plant in the Philippines

ACCIONA Energía has started the construction of the Daanbantayan solar plant, a €120 million project in the Philippines, with operations expected to begin in late 2026.

Philippines Launch Major 9 GW Energy Auction for 2029

The Philippines announces the launch of a major energy auction targeting more than 9 GW of new solar and wind capacities combined with storage solutions, offering 20-year contracts.

Nexif Ratch Energy finalizes the financial close of its 145MWp Bacolod Solar Project in the Philippines

Nexif Ratch Energy has completed the financial phase of its 145MWp Bacolod Solar Project in the Philippines, marking a significant step in the development of renewable energy in the region.

Adani Group Accelerates Its Global Expansion with 10 GW of Hydroelectric Projects

Adani Group, a leader in renewable energy, plans to develop 10 GW of hydroelectric capacity in several Asian and African countries, including Bhutan, Nepal, Kenya, and Vietnam, to strengthen its green portfolio and achieve carbon neutrality by 2050.

Ending Coal Use Through Carbon Credits?

A Rockefeller Foundation-led initiative aims to prematurely close coal-fired power plants in developing countries using carbon credits to reduce CO₂ emissions.
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Alaska: A Strategic Geothermal Hub for the US Indo-Pacific Policy

With its vast geothermal resources, Alaska is positioning itself as a strategic pillar for the US energy policy in the Indo-Pacific, supporting key regions such as Taiwan, Japan, and the Philippines with sustainable and local production.

Colombia Accelerates the Development of its Geothermal Potential

Colombia is intensifying the development of geothermal energy to diversify its energy mix. The country is relying on public-private partnerships and favorable regulations to attract the necessary investments.

Philippines recover 96% of fuel oil after tanker sinks

Philippine authorities have recovered 96% of the fuel oil from a tanker sunk in Manila Bay. The successful operation prevented a major oil spill, with minimal economic impact.
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Southeast Asia steps up coal imports as China peaks

South-East Asia, with countries such as Vietnam and the Philippines, should see its coal imports grow, while Chinese demand stabilizes.

Algeria: Tebboune aims for economic reforms to consolidate his power

Abdelmadjid Tebboune, Algerian President and candidate for re-election, is focusing his strategy on economic reforms against a backdrop of dependence on hydrocarbons and criticism of the political status quo.

Vena Energy and MGen join forces for 550 MW solar project in the Philippines

Vena Energy and MGen Renewable Energy Inc. launch a 550 MW solar project in Bugallon, boosting the Philippines' renewable energy production capacity.
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Vena Energy and MGen join forces for 550 MW solar project in the Philippines

Vena Energy and MGen Renewable Energy Inc. launch a 550 MW solar project in Bugallon, boosting the Philippines' renewable energy production capacity.

Philippines: Conversion of a coal-fired power plant to 246 MW of renewable energy

ACEN, GenZero and Keppel join forces to convert a Philippine coal-fired power plant into a renewable energy facility by 2030, using transition credits as financial leverage.

Aqaba: First LNG Onshore Terminal in Jordan

Jordan is counting on an LNG terminal in Aqaba to diversify its energy sources and secure its natural gas supply, with delivery scheduled for 2026.
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Philippines: Conversion of a coal-fired power plant to 246 MW of renewable energy

ACEN, GenZero and Keppel join forces to convert a Philippine coal-fired power plant into a renewable energy facility by 2030, using transition credits as financial leverage.

South Korean refiners under pressure from Chinese oil exports

Increased exports of Chinese petroleum products are threatening the margins of South Korean refiners, already under pressure, in a fragile regional economic context.

Singapore and the United States sign civil nuclear partnership agreement

Singapore and the United States sign an agreement to strengthen cooperation on the peaceful use of nuclear energy, with the aim of diversifying Singapore's energy sources.
Le secrétaire d'État américain Antony Blinken et le ministre des Affaires étrangères singapourien Vivian Balakrishnan

Philippines: Siphoning of oil tanker Coulé postponed

The Philippines delay the pumping of hydrocarbons from the MT Terra Nova, accentuating the ecological risks. The leaks must be plugged before the 1.4 million liters of hydrocarbons can be siphoned off.

Japanese Strategic Investments in Asian Gas Markets

Japanese companies are investing massively in gas infrastructure in Asia to offset future overproduction of liquefied natural gas (LNG) and strengthen their energy security.

Mali and Rosatom seal nuclear energy cooperation agreements

The Malian military junta and Rosatom, a Russian state-owned company, have signed three cooperation agreements, including a project for a low-power nuclear power plant.
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Towards greater dependence on coal in the Philippines and Indonesia

Coal's share of the energy mix in the Philippines and Indonesia continues to grow, holding back the development of renewable energies, according to a recent report.

Record growth for Offshore Wind in 2023

By 2023, the offshore wind industry had expanded significantly, laying the foundations for a decade of rapid growth thanks to key policy developments and strengthened collaborations.