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The Department of Energy will require clean energy plants generating at least 10 megawatts to integrate energy storage systems for grid stability. But the move could result in more expensive and fragmented storage units, warns industry association.
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The Philippine bank is the biggest lender to the US$2.64 billion MTerra Solar project, which aims to provide clean energy to about 2.4 million local households.
Singapore's sovereign wealth fund says the odds of “delayed disorderly transition” and “too little too late” scenarios have risen amid current economic and geopolitical headwinds. State investor peer Temasek is also reviewing its baseline climate scenario.
The ex-chief investment officer for Asia at Morgan Stanley Investment Management will head up the new office tasked with deploying up to US$500 million from the Singapore government towards clean energy infrastructure in the region.
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