energy transition

Data centre race: Singapore betting on quality over scale, say observers

The city-state is pursuing a ‘sustainable’ data centre strategy – but what stands in the way of its ambitions?

Announced in October 2024, the project marks the first deployment of a floating storage and regasification unit in Singapore.

Mitsui OSK inks financing deal for Singapore LNG terminal with banks including DBS, OCBC

Agreement is for a newbuild floating storage and regasification unit that will be operated by Singapore LNG Corporation

EDP Renewables will concentrate on growing its projects in Australia, Japan and Singapore.

Capital allocation in Asia remains the same despite EDP Renewables exiting several markets

The renewables energy company says it will invest up to US$2 billion in the region by 2030

While commercial reactors have run on nuclear fission for decades, there has been growing interest in commercialising nuclear fusion.

Why investors are betting on nuclear fusion even as it remains elusive

Interest has been fuelled by the proliferation of data centres, as tech firm hunt for sources to power their cloud computing and AI operations

Coal consumption growth in South-east Asia will lead the world until 2030, says the International Energy Agency.
ESG INSIGHTS

Issue 176: Indonesia’s U-turn on coal phase-out; climate scenarios caught in paper retraction

This week in ESG: Cancellation of coal plant’s early retirement jeopardises multilateral programme; Retracted study used to model climate damage by central banks

As at end-2024, 68% of Sembcorp’s total energy portfolio came from installed, secured or under-construction renewable capacity.
HOCK LOCK SIEW

Sembcorp’s purchase of Alinta has green risks

Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition

Indonesia’s state-owned utility company PLN cites extremely high costs as the reason behind its decision to scrap Cirebon-1’s early shutdown.

Investor interest in Indonesia’s energy transition may suffer after first coal phase-out project scrapped

The policy U-turn contradicts the country’s own commitments, says a think tank

Clean-energy stocks are among this year’s best performers across regions, with some players' gains exceeding the rally in US tech heavyweights.

Green stocks are big winners as tech boom drives energy demand

Lower interest rates have also improved the outlook for debt-heavy clean-power counters

Vietnam’s Prime Minister Pham Minh Chinh (with raised hand) visited the Nhon Trach 3 and 4 LNG-fired power plants on Dec 14.

Vietnam switches on first LNG-fired power plants, plans 20 more by 2035

Early liquefied natural gas imports have come from Indonesia, Malaysia, Qatar and Russia, with growing interest in US supplies

Alinta’s indirect emissions exceed Sembcorp’s mostly due to contracted power purchased from a coal plant.
ESG INSIGHTS

Issue 175: Sembcorp courts still-brown Alinta; Asia can’t let coal go

This week in ESG: Sembcorp to buy Australian utility A$6.5 billion; coal phase-out fizzling out in Asia