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Asia Connect
A unit of Samsung Electronics has received approval to invest another US$841 million in Vietnam, raising its capital in the country to US$2.84 billion. Samsung Electronics HCMC CE Complex (SEHC) in Ho Chi Minh City’s Saigon Hi-Tech Park is the Korean giant's second-largest manufacturing site worldwide for TV screens and home electronics, after the largest in Mexico. All in all, Samsung has channelled more than US$20 billion into Vietnam, 28 times higher than its initial commitment.
29 Jun 2022
Macquarie’s Corio Generation is partnering with Vietnamese construction company Fecon to develop and operate a 500-megawatt offshore wind farm in Ba Ria, Vung Tau province in southern Vietnam.
29 Jun 2022
Construction will soon get underway for the new Terminal One at New York's John F. Kennedy International Airport, to be completed in three phases by 2030.
29 Jun 2022
British oil and gas major BP and Malaysia’s Petronas have signed production sharing contracts (PSCs) for three oil and gas exploration blocks in Indonesia.
29 Jun 2022
Saudi developer ACWA Power has signed an agreement to develop a 1.1 gigawatt wind project in Egypt, which will be one of the world’s largest onshore wind projects.
29 Jun 2022
With most of the world reeling from energy shortages and high energy prices, hydrogen is gaining wider acceptance as a clean and reliable energy source that could play a crucial role in the transition to net zero.
27 Jun 2022
A new study has identified 54 markets globally, including eight in Asia-Pacific, that show huge potential for floating offshore wind (FOW) development. According to the report, Floating Offshore Wind International Market Opportunities, prepared for the Floating Offshore Wind Centre of Excellence (FOW CoE) in collaboration with Offshore Wind Consultants (OWC), FOW can play a significant role in helping countries achieve their net-zero targets, with emerging players such as China and India potentially sharing in the 250 gigawatts of projected generation capacity by 2050.
22 Jun 2022
ConocoPhillips and Eni are the two latest international oil and gas companies to sign deals with QatarEnergy for its North Field East LNG expansion project. The US$30 billion project has already signed up TotalEnergies as a partner.
22 Jun 2022
The OPEC Fund for International Development is providing a US$72 million loan in support of a major hydropower project in Pakistan.
22 Jun 2022
China Three Gorges Spain (CTGS) will acquire 619 megawatts of solar photovoltaic assets across the regions including Andalucia, Castilla-La Mancha, Comunidad Valenciana and Extremadura.
22 Jun 2022
London-based sustainable infrastructure investor Actis has agreed to acquire a portfolio of six in-operation toll road projects in India. Welspun Enterprises Limited (WEL) is disposing of the assets for an aggregate enterprise value of US$775 million.
22 Jun 2022
Oil and gas major BP has agreed to acquire a 40.5% equity stake in the Asian Renewable Energy Hub (AREH) and become the operator of one of the world's largest renewables and green hydrogen energy hubs based in Australia.
21 Jun 2022
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Huaneng Tiancheng Financial Leasing has secured a three-year 187 million yuan (US$27.8 million) account receivable financing facility to fund its direct leasing for two wind power projects in China. The deal marks Deutsche Bank’s first sustainable trade finance transaction aligned with the Common Ground Taxonomy (CGT)
15 Jun 2022
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