Month: May 2023

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Copenhagen Infrastructure Partners Joins the Global Offshore Wind Alliance to Accelerate Offshore Wind Deployment Worldwide

Launched at COP27 in Egypt in November 2022, the Global Offshore Wind Alliance (GOWA) brings together governments, the private sector, and international organizations to accelerate the deployment of offshore wind power.

COPENHAGEN, Denmark, May 01, 2023 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Partners (CIP) is joining the Global Offshore Wind Alliance, an international coalition founded by the Government of Denmark, the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) to help countries transform their economies using offshore wind power.

GOWA’s objective is to be a global driving force for an ambitious uptake of offshore wind and contribute to achieving a total offshore wind capacity of a minimum of 380 GW by 2030, and an installed capacity increase of at least 70 GW per year from 2030.

Torsten Lodberg Smed, Senior Partner in Copenhagen Infrastructure Partners said: “Offshore wind is a reliable source of clean, green, and affordable renewable energy – and it has a vital role to play in the ongoing global transition to green energy. Across most economies and markets, governments and private sectors are already discussing how to deliver the enormous potential of offshore wind made possible by rapid technological progress. We believe that we have the expertise required to make a positive contribution to this conversation and are proud to join GOWA and share our knowledge and experiences. We look forward to working alongside the members of the alliance to remove barriers to the deployment of offshore wind in new and existing markets.”

In joining GOWA, CIP pledged to work with the alliance’s membership to ramp up offshore wind deployment worldwide. Governments that have so far joined the alliance include Australia, Belgium, Colombia, Denmark, Germany, Ireland, Japan, the Netherlands, Norway, the UK, and the USA.

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages ten funds and has to date raised approximately EUR 19 billion for investments in energy and associated infrastructure from more than 140 international institutional investors. CIP has approximately 400 employees and 11 offices around the world. For more information, visit www.cip.com

For further information, please contact:

E-mail: media@cip.dk

Simon Mehl Augustesen, Chief Communication Officer
Phone: +45 3052 6721
Email: siau@cip.dk

Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.dk

GlobeNewswire Distribution ID 1000807396

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ASEAN, Russia commit to strengthening strategic partnership

ASEAN member states and Russia reaffirmed commitments to strengthen their strategic partnership at the 19th ASEAN-Russia Senior Officials Meeting (ARSOM) held recently in Siem Reap, Cambodia.

Taking place on April 27 and 28, the meeting was co-chaired by the Secretary of State and ASEAN-Cambodia’s SOM Leader, Kung Phoak, and Russian Deputy Minister of Foreign Affairs and SOM Leader, Andrei Rudenko; and was attended by ASEAN SOM leaders, the ASEAN Secretariat, and Timor-Leste as observer.

At the event, Kung Phoak underlined the two sides’ long-standing friendship and the importance of Russia’s firm support for ASEAN Centrality which has been reflected in its active participation in ASEAN-led mechanisms to promote peace, security, stability and socio-economic growth and prosperity in the region.

He said the bloc and Russia need to further strengthen cooperation within the three pillars of the ASEAN Community to advance their partnership to new heights.

Andrei Rudenko reaffirmed Russia’s continued commitment to further enhancing the relations and support for the ASEAN Centrality in the evolving regional architecture to uphold peace, stability and prosperity in the region.

Participating senior officials from both sides noted the progress made in the implementation of the ASEAN-Russia Comprehensive Plan of Action (2021-2025) which guides their endeavours in realising mutually beneficial objectives of the partnership. They said they are committed to the full implementation of the remaining action lines.

The meeting highlighted the importance of reinforcing cooperation in a number of key priority areas such as politics and security, countering terrorism and transnational crime, ICT security, economy, industry, finance, science and technology, smart cities, energy, disaster management, health, connectivity, Initiative for ASEAN Integration, and food security.

Participants also exchanged views on matters of common interest and concern relating to the sides’ interactions in the regional fora and regional architecture in the Asia-Pacific, stressing the importance of enhancing joint work in the post-COVID-19 recovery period./.

Source: Vietnam News Agency

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HCM City unlocks resources for development

The year 2023 is considered a pivotal year to drive growth of Ho Chi Minh City for upcoming years under its economic recovery and development strategy for 2022-2025, after achieving impressive recovery last year.

However, adverse developments such as conflicts, inflation, and global financial issues leading to a widespread decrease in demand have had a significant impact on the economy of Vietnam in general, and Ho Chi Minh City in particular.

In such context, since early this year, Ho Chi Minh City has actively adopted a series of measures to unlock resources, fulfill economic growth targets, and ensure social welfare both in the short and long run.

The latest survey by the municipal Union of Business Associations in February showed that businesses continue facing difficulties due to the prolonged decline in orders since late 2022. Specifically, orders for apparel, wood products and construction materials to key markets decreased by 30-60%. The increase in inventory has resulted in the lack of cash flow while firms without orders had to cut workforce or suspend operations.

In face of the downturn, the municipal authorities implemented many credit programmes to assist businesses, enhanced trade promotion to stimulate demand, renewed promotional activities to market products and images of businesses in the community.

Since the beginning of this year, dozens of trade and investment promotion programmes have been held at home and abroad via seminars and business-to-business (B2B) networking.

In the first quarter this year, nearly 500 million USD in foreign direct investment poured into the city. The total value of foreign-invested projects rose by 22.4% year-on-year.

Chairman of the municipal People’s Committee Phan Van Mai said the city is building mechanisms to unlock resources, especially foreign and private investment for the city’s technical, socio-cultural, sport and tourism infrastructure.

He added that the city attaches importance to regional and sectoral connectivity, considering it one of the important resources for its development.

Ho Chi Minh City has taken initiative in collaborating with localities in the Central Highlands, southeastern and Mekong Delta regions to build transport infrastructure and production and marketing chains.

The city benefits the most from the expansion of development space, accessing many innovative and creative ideas as well as various development models, he said./.

Source: Vietnam News Agency

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Vietnamese athletes win two medals at fifth Asian U18 Athletics Championship

Vietnamese young athletes won one gold and one bronze at the fifth Asian U18 Athletics Championship which closed on April 30 in Uzbekistan.

Nguyen Khanh Linh finished first in the girls’ 1,500m with a time of 4min 35.15sec. The 17-year-old defended her top place grabbed from last year’s event.

Aiana Bolatbekkyzy of Kazakhstan came second and Maftuna Ahmedova of the hosts was third.

Later, Do Hoang Nghia claimed a bronze in the boys’ high jump. After six attempts, Nghia’s best result was 2.01m, helping him share the third podium with Kim Hyeonsik of the Republic of Korea.

Devdavs Ismailov of Uzbekistan won a gold as he jumped over 2.06m.

Rathnaweera Patabendige Nilupul Pehe of Sri Lanka bagged a silver with 2.01m. Although he has the same result as Nghia and Kim, he was placed second because he spent less attempts to beat previous heights than them.

Bùi Th? Kim Anh failed in the girls’ high jump with a fourth-place position.

Vietnamese young athletes will take part in the continental championship for the U20s in July in the RoK./.

Source: Vietnam News Agency

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Vietnamese U22 men’s football team begin SEA Games title defence with victory

The Vietnamese U22 men’s football team began their defence of the SEA Games title with a 2-0 win against Laos on April 30.

The men in red, who were heavy favourites, got off to a great start in the second minute.

Vietnam had some chances in the first half, but coordination and luck were not on their side and the first half ended with a narrow 1-0 lead.

The struggles continued for Vietnam in the second half, as Laos stayed strong in defence, and even got dangerous from counters.

Vietnam doubled their lead in the second minute of added time. Substitutes Khuat Van Khang and Nguyen Quoc Viet combined to secure Vietnam’s three points, with a pinpoint cross and finish.

With this result, Vietnam are currently in second place in Group B, behind rivals Thailand who won 3-1 against Singapore earlier.

Elsewhere in Group A, hosts Cambodia hammered Timor Leste 4-0 in their opening match, while another favourite, Indonesia, confidently won 3-0 against the Philippines.

Vietnam will play their second match of the group stage against Singapore on May 3./.

Source: Vietnam News Agency

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Thailand’s industrial output declines for six straight month

Thailand’s industrial output declined for the sixth straight month in March as weak global demand hampered exports, the country’s Ministry of Industry has announced.

Accordingly, the country’s manufacturing production index (MPI) dropped 4.56 % in March from a year earlier but climbed 5.47 % month-on-month.

The March figure came after a 2.38 % and 4.81% year-on-year fall in February and January, respectively. For the first quarter of the year, the index fell 3.94 % from one year earlier, the ministry said in a statement.

Despite sustained declines in hard disk drives, furniture and plastic pellet manufacturing, air conditioner production expanded 7.09 % from a year earlier last month, the highest in eight years, due to demand from Southeast Asian countries, the industry ministry’s Office of Industrial Economics Director-General Worawan Chitaroon told a press conference.

The ministry expects industrial output to improve in April, driven by domestic demand on the back of the tourism recovery, while expansion of investment and the construction sector supports manufacturing production, Worawan said./.

Source: Vietnam News Agency