ASEAN quickly turning to renewable energy hub

first_img FacebookTwitterLinkedInEmailPrint分享The Asean Post: Technological innovations and favourable government policies are among the four trends expected to drive Southeast Asia’s transition to renewable energy in the coming years. A report published by global auditing firm KPMG titled ‘The Renewable Energy Transition’ noted that while there are still 70 million ASEAN citizens without access to reliable electricity, the potential for renewable energy is huge in those markets and governments are increasingly turning to solar and wind energy to address the issue.Consumers driving the green agenda forward and the entry of new funds into the ASEAN renewable energy market are two other trends identified in the report.Each of ASEAN’s 10 members have set targets for renewable energy, and technological innovations, such as better solar power efficiency and floating solar panels, mean that renewable energy is now more accessible than ever before.The establishment of RE100 in 2014 – a collaborative, global initiative uniting more than 100 influential businesses committed to 100 percent renewable energy – is a prime example of how consumers are helping to boost demand for renewable energy, especially since commerce and industry use up two thirds of the world’s electricity. Among the companies in the group include Google, Microsoft, Coca Cola and IKEA – all of which have a strong presence in ASEAN.The World Bank, Asian Development Bank (ADB) and Japan Bank for International Cooperation are leading the way in renewable energy investment in the region, which has helped to bring prices down. While prices have often been a key concern, falling costs and rising demand are now helping to push the industry forward.The Institute for Energy Economics and Financial Analysis (IEEFA) released a report in August 2018 which showed that the Philippines – where an estimated 20 million people lack constant electricity supply and 12 million have none at all –  can reduce its electricity costs to just 2.50 Philippine pesos (US$0.05) per kilowatt-hour (kWh) by installing rooftop solar. By comparison, diesel costs 15 Philippine pesos (US$0.28) per kWh and coal costs 3.8 Philippine pesos (US$0.07) per kWh.“Solar, wind, run-of-river hydro, geothermal, biogas, and storage are competitive, viable domestic options that can be combined to create a cheaper, more diverse and secure energy system,” said Sara Jane Ahmed, an IEEFA energy finance analyst and the author of the report.With its huge potential in renewable energy, ASEAN can be the new hub for renewable energy deployment, innovation and investments.More: ASEAN quickly turning to renewable energy hub ASEAN quickly turning to renewable energy hublast_img read more

Fitness boosts for Man City and Liverpool ahead of European tests

first_imgLiverpool midfielder Emre Can has surprisingly returned to training following injury ahead of Thursday’s Europa League semi-final second leg with Villarreal.He was expected to miss the rest of the Premier League season after straining ankle ligaments last month.It’s not clear if Can will be ready for Thursday’s match at Anfield – where Liverpool will try to overturn a 1-nil deficit against the Spanish club. The midfielder’s trained after he missed their last two games with a thigh injury. The tie’s level at nil-nil. David Silva will miss the match with a hamstring problem – and Samir Nasri’s ineligible.  Tonight Bayern Munich host Atletico Madrid trailing 1-0 from the first leg. Kick off is at 7.45last_img read more

CIRSA completes €390 million bond placement eyeing future investments

first_imgShare Andrea Vota – Jdigital’s challenge of Spanish restrictions is led by logic and rationale August 13, 2020 Submit Spanish gambling firm Grupo CIRSA has confirmed that it has secured a €390 million bond placement with private investors.Issuing a market filing, CIRSA majority owned by US private equity firm Blackstone, confirms that 120 institutional investors have backed its bond arrangement, which maintains a 4.75% annual interest rate, with debt maturity triggered in 2025.In its update, CIRSA governance details that its bond proceeds will be used to strengthen the firm’s financial structures and further help the company access direct capital for future investments.“The placement has been very well received by investors, which demonstrates their confidence in the multinational, its operations and its economic results” CIRSA governance details to stakeholders.The Spanish gambling group’s bond placement was supported by Deutsche Bank, Barclays, BBVA, Credit Suisse, Jefferies and UBS.European business analysts are monitoring the movements of CIRSA closely. Backed by PE giants, Blackstone, CIRSA seeks to become the ‘global leading’ Spanish language gambling operator.  A busy May 2019,  has seen CIRSA governance file a lawsuit against joint-venture partner Ladbrokes, contesting the ownership structure of its Sportium Spanish market sportsbook property.Further Spanish market news, saw Blackstone acquire fruit machine supplier and arcade halls operator GIGA Games for an undisclosed sum from Barcelona fund Conei Corporacion, merging the asset with CIRSA retail portfolio. Related Articles Martin Lycka – Regulatory high temperatures cancel industry’s ‘silly season’ August 11, 2020 StumbleUpon Share Winamax maintains Granada CF sponsorship despite bleak Spanish outlook August 19, 2020last_img read more

LiveScore enhances content offering with Sportal365 deal

first_img CMS platform provider Sportal365 has secured a new partnership with LiveScore which will see the two collaborate on boosting brand engagement across their global audience.As part of the agreement, LiveScore has agreed to integrate Sportal365’s sports content management system which will ‘enrich LiveScore’s editorial content’.Stilian Shishkov, CEO and Founder of Sportal365, said: “We are thrilled that LiveScore have chosen Sportal365 to deliver our industry leading sports content management system. LiveScore are the world’s leading sports updates provider, having built a much-loved brand which caters for millions of sports fans in an incredibly challenging space.“We are excited now to help facilitate the production of truly immersive content, allowing LiveScore’s editorial teams to take full advantage of our platform’s capabilities.”Earlier this month, LiveScore confirmed that all remaining matches in Italy’s Serie A season will be broadcast to UK fans after securing live streaming rights after launching its first streaming service.Ric Leask, Marketing Director at LiveScore, added:“We are delighted to announce our new partnership with Sportal365, who are leading specialists in sports editorial content management systems.“In using Sportal365’s data-driven content publishing platform, we can enhance the experience for millions of LiveScore users, building our sports audiences by delivering premium content and engaging products. Our partnership with Sportal365 will accelerate this ambition and ensure LiveScore remains the go-to sports updates destination for fans around the globe.” StumbleUpon Related Articles LiveScore adds new leagues to streaming offering August 12, 2020 Share Share LiveScore celebrates streaming service launch with Serie A partnership June 17, 2020 Dugout upgrades content outreach capacity with Sportal365 June 9, 2020 Submitlast_img read more