Solar on stilts - The Philippines is adding 422 MWp in renewable energy capacity through a partnership with Vietnamese renewable energy developer VinEnergo to develop solar-on-water facilities worth $406 mln, the developers announced this week. VinEnergo and SunAsia Energy will install three projects in the Negros Occidental region from 2027-28, reducing carbon emissions by more than 460,000 tonnes annually, the announcement said. The facilities are expected to generate lifetime revenues exceeding $1.5 bln. Solar panels mounted on concrete piles above water could accommodate simultaneous aquaculture operations, potentially safeguarding the traditional livelihoods of communities that depend on the waters, the companies said.

The Australian government has signed off on the improved native forest management (INFM) carbon credit methodology developed by the New South Wales government.