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renewables

Asia

Thailand’s oil giant is going on a green spending spree

Thailand’s oil giant, whose sales account for about 10% of the nation’s economic output, is suddenly spending billions of dollars on electric-vehicle and renewable-energy companies and tilting its traditional businesses toward chemicals and plastics.

Oil & Gas

Singapore prepares to swap its oil hub status for greener future

Royal Dutch Shell announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a turning point in one of the most successful bets on fossil fuels in history.

UK

BP pledges £10bn spending spree if ScotWind bid comes good

Energy giant BP will make Aberdeen the centre of its global offshore wind business as part of a £10billion spending spree if it secures a lease to install and manage turbines in the North Sea.

Asia

Petronas talks up New Energy business

Petronas, which has yet to make a firm carbon-neutral pledge, sees significant growth ahead for solar and wind, particularly as a hedge against volatile fossil fuel prices, Jay Mariyappan, head of the state-backed Malaysian company’s new energy business told the APAC power and renewables summit.

Energy Transition

Southeast Asia emerging as key solar market hotspot

Southeast Asia is emerging as a hotspot for global solar investment with over $10 billion invested just last year. In 2020, the region represented 12% of the global solar market and installed capacity has more than doubled every year since 2018, Rishab Shrestha, analyst at Wood Mackenzie told the APAC power and renewables summit today.