The Philippines has conducted the opening of Applications for the 3rd Open and Competitive Selection Process (OCSP3) which now allows for 100 percent foreign participation in large-scale geothermal exploration, development, and utilization projects.
Singapore’s strategies for achieving a low carbon energy future include an SGD49 million (US$36.6 million) LowCarbon Energy Research Funding Initiative to support projects in low carbon energy technologies over the next five years; increasing hydrogen developments; expanding the solar deployment to 1.5 GWp by 2025; and piloting the nation’s first floating energy storage system.
Indonesia’s state-owned power company, State Electricity Corporation (PLN), plans to expand electricity access and promote renewable energy in eastern Indonesia with the US$600 million loan it has received from The Asian Development Bank (ADB).
WHAT ARE KEY ENERGY TRANSITION PRIORITIES IN SOUTHEAST ASIA?
Grid modernization and renewable energy integration will remain investment priorities as Southeast Asia expands its energy system to support rising demand created by growing populations and expanding economies.
One key priority in Southeast Asia is enhancing energy security and grid resilience with supply that is reliable and sustainable. This priority is creating opportunities in renewable energy integration, energy markets modernization, smarter grid management planning and automation.
Another key priority in the region is rural electrification. Addressing rural electrification is creating opportunities for distributed power generation. Distributed energy resources (DER) like microgrids can provide the power reliability that remote locations need while ensuring the facilities are commercially viable.
This story is from the Issue 15, 2021 edition of SME Magazine Singapore.
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This story is from the Issue 15, 2021 edition of SME Magazine Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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