Pengerang Energy Complex Secures USD 3.5 Billion Financing for Low-Carbon Petrochemicals Facility
Pengerang Energy Complex (PEC) has secured project financing of USD 3.5 billion from leading export credit agencies (ECA) and Islamic financing entities to develop a state-of-the-art low-carbon petrochemicals facility in Malaysia. The financing agreement was ratified...
Vietnamese and American Companies Partner to Boost Renewable Energy in Vietnam
Vietnam’s Power Engineering Consulting JSC 2 (PECC2) has entered into a collaboration with the US solar manufacturer First Solar to utilize the direct power purchase agreement (DPPA) mechanism and distribute photovoltaic (PV) modules. The memorandum of understanding...
ADB and Gulf Energy Sign USD 820 Million Loan to Scale Up Solar and Battery Storage in Thailand
The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited have entered into a USD 820 million loan agreement to finance a portfolio of 12 renewable energy projects in Thailand. This portfolio includes eight ground-mounted solar photovoltaic (PV)...