News, reviews, and insights from the climate tech world.
Sunnova Energy, a leading U.S. residential solar panel installer, announced Thursday it will lay off approximately 55% of its workforce—impacting 718 employees—in a sweeping move to slash operating costs as it faces mounting debt and softening market demand. The decision comes as part of a broader restructuring effort, with Sunnova signaling it is actively pursuing […]
Adani Green Energy Ltd (AGEL), India’s leading renewable energy company, has successfully refinanced a $1.06 billion construction facility originally secured in 2021. The funds were initially raised to develop India’s largest solar-wind hybrid renewable energy cluster in Rajasthan—one of the most ambitious clean energy projects in the country. The newly secured long-term financing comes with […]
The Malaysian Investment Development Authority (MIDA) and the UN Global Compact Network Malaysia & Brunei (UNGCMYB) have formalised a strategic partnership to fast-track the integration of environmental, social, and governance (ESG) principles across Malaysia’s business landscape. Through a newly signed Memorandum of Understanding (MoU), both organisations aim to catalyse the country’s transition toward a more […]
Malaysia’s push for residential solar adoption has hit a milestone, with the Net Energy Metering (NEM) Rakyat programme reaching full subscription. According to the latest figures from the Sustainable Energy Development Authority (SEDA), nearly the entire 600MW quota allocated under NEM Rakyat has been applied for, with 579MW already approved. NEM Rakyat forms one of […]
Global electricity generation from solar farms is on track to eclipse nuclear output for the first time this summer, marking a pivotal moment in the rise of solar energy as a cornerstone of the global power mix. Although solar farms only generate during daylight hours—leaving their annual output behind that of wind, nuclear, and hydro—summer’s […]
Asia Platinum Capital Bhd (APC) has taken a major step toward shaping the future of sustainable finance in ASEAN and beyond, signing three high-impact Memoranda of Understanding (MOUs) designed to accelerate environmental, social, and governance (ESG) investments across Southeast Asia and the Gulf Cooperation Council (GCC) nations. At the heart of these agreements is a […]
Landmark Agreement Targets 12.5 GW of Green Energy by 2040 Saudi Arabia’s ACWA Power has signed a transformative US$10 billion agreement with key Malaysian government agencies and strategic partners to spearhead the development of clean energy infrastructure across Malaysia—marking one of the country’s most ambitious sustainability initiatives to date. At the core of this partnership […]
Artificial intelligence (AI) is emerging as a cornerstone of Petroliam Nasional Bhd’s (PETRONAS) strategy to navigate the energy transition. From cutting emissions to boosting operational efficiency, AI is enabling the national oil and gas company to reimagine sustainability at scale. “Smart energy solutions, digitalisation, and AI are not just enablers — they’re essential components of […]
In a landmark stride toward regional decarbonization, leading energy companies from Malaysia, Singapore, and Vietnam have signed a Joint Development Agreement (JDA) to explore the export of renewable electricity from Vietnam to Malaysia and Singapore. Signed during the ASEAN Summit, the agreement represents a decisive step in the realization of the ASEAN Power Grid and […]
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