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Abler Nordic, Livelihoods Funds, Musim Mas, and Temasek Foundation Launch Blended Finance Initiative on Sustainable Oil Palm to Combat Deforestation and Aim to Support at least 400 Smallholders

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SINGAPORE, March 24, 2025 /PRNewswire/ — Impact fund manager Abler Nordic has partnered with Temasek Foundation, a Singapore-based philanthropic organisation that drives impact programmes in Asia, together with sustainable palm oil producer Musim Mas, and Livelihoods Funds to launch the Sustainable Oil Palm Replanting in Indonesia (SOPRI) project. The pilot initiative facilitates access to financing and resources for smallholders to sustainably replant oil palms, increasing their income while preventing forest encroachment.

In Indonesia, smallholders cultivate over 40% of the country’s oil palm land but face a significant challenge: aging oil palms that reduce yields, making replanting an urgent and costly necessity. Without access to affordable financing, some smallholders may expand into rainforest areas, accelerating deforestation and climate change.

The SOPRI project is a key component of Abler Nordic’s broader Climate Smart Fund—launched in the pilot phase with funding from the Norwegian Ministry of Climate and Environment—combining public, philanthropic, and private capital to create deforestation-free value chains and support smallholder resilience projects. Temasek Foundation strengthens this blended finance model by setting aside catalytic capital to guarantee and derisk loans to smallholders for the SOPRI project, thereby reducing financing costs for smallholders and de-risking private investment.

In its first phase, the SOPRI project will support 400 smallholders across 400 hectares in Sumatra, offering long-term replanting loans, financial literacy training, sustainability certification, land title support, and participatory village planning to promote responsible land use. In return, smallholders commit to avoiding forest encroachment, monitored through satellite and on-the-ground checks.

The project is designed to demonstrate that sustainable replanting is both financially viable and scalable, with future phases aiming to reach over 20,000 smallholders.

The Climate Smart Fund will act as the lead organisation, managing financial operations and coordinating implementation with local partners such as Koltiva and Bank Amar. Musim Mas is providing technical support to help smallholders achieve sustainable palm oil certification and access markets, while Livelihoods Funds brings expertise in training and certification to help farmers transition to sustainable practices.

Beyond replanting, the project is also exploring climate-resilient agroforestry models, integrating oil palms with shade trees and cash crops to improve soil health, regulate microclimates, and support smallholders in adapting to climate change.

Abler Nordic now aims to expand the broader Climate Smart Fund from the initial USD 10 million fund to 40 million USD in its first close, using a mix of investor capital, guarantees, and grants to scale concrete and sustainable climate action.

Arthur Sletteberg, Managing Director of Abler Nordic, said: “Building long-term relationships with local smallholders, communities and partners is at the heart of our work. What we’re doing is complex and unprecedented in many ways, but the results so far demonstrate that we have the right model and risk mitigation to expand the Climate Smart Fund and create long-term, meaningful change for both smallholder farmers and the climate.”

Sébastien de Royer, Senior Project Manager – Southeast Asiaof Livelihoods Ventures, said: “At Livelihoods Ventures, we believe in long-term solutions that address challenges at their root. Through this partnership, we aim to empower smallholders with the technical support and advisory needed to transition to sustainable and resilient farming systems.”

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Mr Rob Nicholls, General Manager of Projects and Partnerships, Musim Mas, said: “This initiative is not just about financial support; it is about empowering smallholders with the knowledge and resources they need to implement sustainable practices. We believe that through collaboration and commitment, we can create a positive impact on both the environment and the communities involved in palm oil production.”

Ms Heng Li Lang, Head of Climate and Liveability of Temasek Foundation, said: “This pilot initiative will be a game-changer. By unlocking financing with catalytic capital, smallholders can replant sustainably without bearing huge financial risks. Temasek Foundation is committed in collectively building this Public-Private-Philanthropic partnership with Abler Nordic, Livelihoods Funds and Musim Mas in Nature-based Solutions. We are not only driving positive environmental impact, but also paving the way for scalable and meaningful long-term solutions.

Media contact:

Devane Sharma,
Corporate Communications Department
Email: media@musimmas.com 
Phone: (65) 6576 6500
Media Enquiries: (65) 9012 1582 (WhatsApp Calls only)

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TutorABC Expands Leadership Team to Drive Global Growth in Language Learning and Livestreaming E-Commerce Innovation

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TAIPEI, March 31, 2025 /PRNewswire/ — TutorABC, a global leader in online education and live-streaming e-commerce, has appointed George Loup and Maximilian Corbet Smith as Directors of Business Development to lead strategic global expansion. George will oversee language learning and corporate training solutions, while Maximilian will spearhead the global licensing of TutorABCShop.com, the company’s innovative live-commerce platform.

Expanding Global Presence in Language Learning & Corporate Training

George Loup brings over a decade of international education experience, focusing on establishing new partnerships for TutorABC‘s language courses and corporate training solutions. The company already provides premium language training to employees at global enterprises including Apple, Google, Microsoft, and HSBC, leveraging an AI-powered platform that enhances workforce communication and reduces operational costs.

TutorABCShop.com – The Most Advanced Live-Streaming E-Commerce Platform

TutorABCShop.com, backed by US$300 million investment and 19 patented technologies, is revolutionizing retail through innovative live-commerce solutions. The platform offers:

  • Interactive Shopping in Real Time 
  • Seamless Multi-Platform Streaming 
  • Maximizing Instant Conversions 
  • Engagement Through Entertainment & Education
  • Advanced Data & Analytics

Strengthening TutorABC’s Global Leadership

“George and Maximilian bring unparalleled expertise in business development and technology-driven solutions,” said Co-Chairmen Rodney Miles and Samuel Yang. Both executives, educated in the UK and with extensive international experience, are well-positioned to drive TutorABC‘s global expansion in education and e-commerce innovation.

TutorABC has built strategic global partnerships with some of the world’s most prestigious educational institutions and corporations, including Oxford and Cambridge Universities, National Geographic, Barron’s, Kaplan, the British Council, and ETS, reinforcing its dedication to world-class, high-quality education and enterprise solutions.

Blending Strategic Expertise with Global Experience

With over six years of business development experience, Maximilian has led expansion efforts across England, Europe, and Asia, driving market growth and forging strategic partnerships worldwide. He has a proven track record in scaling technology solutions for enterprise clients, with previous clients including HSBC, Lloyds Banking Group, Close Brothers, Virgin Money, Imperial Hotels, Mastercard, EY, and many others.

George, with over a decade of experience in international education, has played a pivotal role in expanding global partnerships and increasing access to premium language and corporate training programs.

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Born and raised in Hong Kong, Maximilian and George both bring a unique international perspective. Educated in the UK at Harrow School (Maximilian) and Eton College (George), as well as Manchester University, they are well-positioned to lead TutorABC‘s global expansion and innovation efforts.

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Sungrow ESS Experience Day Munich: Accelerating to a Sustainable Future for Europe

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  • As Energy Storage holds a key role in the support of the grid and energy transition efforts, Sungrow’s ESS Experience Day in Munich was a insightful opportunity for leading experts across Europe to exchange thoughts on this crucial topic towards a sustainable future.
  • The event was followed by almost 300 attendees and covered a broad range of topics, relevant to the technological, business and safety implications of ESS.

MUNICH, March 31, 2025 /PRNewswire/ — Reconfirming its commitment to supporting its partners and driving the transition to a clean and sustainable future, Sungrow successfully hosted the ESS Experience Day in Munich on the 20th of March, bringing together industry experts, partners, and stakeholders to explore the latest advancements in Energy Storage Systems (ESS). The event underscored Sungrow’s devotion to driving the transition towards a more resilient, stable, and renewable-powered energy landscape across Europe.

Energy Storage: A Cornerstone for Europe’s Renewable Future

As Europe accelerates its shift to renewable energy, the need for grid stability and flexibility has never been greater. Energy Storage Systems play a critical role in balancing supply and demand, enabling a higher penetration of renewables into the grid. By 2030, Europe aims to generate at least 45% of its energy from renewable sources, according to the European Commission’s REPowerEU plan[1].

However, intermittent generation from solar and wind requires advanced storage solutions to maintain grid stability and prevent curtailment. The deployment of ESS projects requires advanced technologies, but also strong collaboration between involved parties and devoted teams of experts that secure the swift and efficient operations, as Mr. Shawn Shi, Vice President of Sungrow and President of Sungrow Europe emphasized in his speech that opened the event. “The outstanding result that made possible the commercial operation of the BW ESS Bramley 331MWh project in just 12 days after the grid energization, reflects not only the technical innovation of PowerTitan 2.0, It is also a reflection of our excellent delivery management capabilities and close collaboration with our partners.”

An Evening Full of Insights and Meaningful Discussions

The event in Munich acted as a platform to exchange in-depth knowledge and thoughts by experts of the industry, case studies, while the almost 300 attendees had also the opportunity to experience hands-on demonstrations of Sungrow’s state-of-the-art latest battery storage systems, the liquid-cooled PowerStack 200CS and PowerTitan 2.0.

One of the highlights of the event was the presentation, “Policies & Trends of Battery Storage” by Mr. Antonio Arruebo, Market Analyst at SolarPower Europe (SPE), which included an exclusive preview of preliminary figures from the SPE Battery Outlook, the leading report about the current and future development of the field, that will be officially published at Intersolar in May 2025. Mr. Arruebo underlined the need for flexibility of the grid, predicting that EU power flexibility needs to increase five-fold by 2030 and batteries & demand response can meet 2/3 of the flexibility requirements. At the same time, the forecast beyond 2024, is that the European BESS market is expected to expand by 30-40% year on year to reach 260 GWh by 2028, while the high scenario by SPE foresees that this figure could reach up to 400 GWh by the same year.  

The agenda of the event covered a broad range of issues related to the ESS and energy transition, including the latest developments on Grid Forming Capabilities by Dr. Ivan Volodin, ESS Product Manager at Sungrow Europe, and the impressive PowerTitan 2.0 Large-scale Burn Test presented by Mr. Yang Ye, Senior Technical Marketing Manager at Sungrow OSKA, showcasing the latest developments on the BESS safety. Moreover, Mr. Andres Doebel, Head of ESS for the DACH region at Sungrow Europe emphasized in his speech the crucial aspect of the one-brand solution in securing a successful ESS project and Mr. Robert Von Wahl, Director of Sungrow EV Charging Europe, analysed the opportunities that ESS holds also for the crucial role of EV charging infrastructure and operation in Europe.

The event hosted also the presentation of two case studies, showcasing two milestone ESS projects in the region, the Bramley 100MW/331MWh ESS project by BW ESS in the UK and the Vilvoorde 200MW/800MWh ESS project by Engie in Belgium. Dr. James Li, ESS Director Europe of Sungrow, highlighted the successful delivery story of the Bramley BESS project, while Mr. Dries Herman, Technical Project Manager of the Vilvoorde project draw attention on the key factor of flexibility to deploy more renewable energy and fight negative prices and price volatility.        

Finally, the panel discussion, with the ESS Analyst Mrs. Starry Ce, the Vice President of Strategy and Development of the Griffin Group Energy Mr. Adam Zalewski, the Director of Product and Supply Chain of Kyon Energy Mr. Florian Diehm, the CCO of Entrix Mr. Lars Löhle and Dr. Stefan Zhao, Director of Sungrow European Research Institute, conclude the main part of the event, with a valuable debate on the challenges and opportunities that the present and future holds on ESS development and energy transition.

As the global energy storage market is bolstered by an annual growth rate of 21% to 137GW/442GWh by 2030 (BloombergNEF[2]), the Europe emerging as a key driver of growth. Events like the ESS Experience Day in Munich serve as crucial platforms for knowledge-sharing and fostering partnerships that accelerate the deployment of storage technologies. The success of the ESS Experience Day in Munich marks another milestone in Sungrow’s mission to lead the renewable energy transition with reliable, efficient, and sustainable storage technologies and services.

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  1. https://energy.ec.europa.eu/topics/renewable-energy/renewable-energy-directive-targets-and-rules/renewable-energy-targets_en
  2. https://about.bnef.com/blog/global-energy-storage-market-records-biggest-jump-yet/

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow has installed 740 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world’s most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects in over 180 countries, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com

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BRI Holds 2025 Annual General Meeting of Shareholders (AGMS), Distributes IDR 51.73 Trillion in Dividends and Prepares for IDR 3 Trillion Buyback

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JAKARTA, Indonesia, March 29, 2025 /PRNewswire/ — PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) held its Annual General Meeting of Shareholders (AGMS). At this year’s AGMS, BRI approved the distribution of dividends amounting to IDR 51.73 trillion, an increase compared to the 2024 dividend of IDR 48.10 trillion. In addition, BRI will also carry out a share buyback of up to IDR 3 trillion.

BRI’s 2025 AGMS approved 10 agenda items, with three key topics highlighted by Corporate Secretary Agustya Hendy Bernadi: dividend distribution, share buyback, and management changes.

Use of the Company’s Net Profit (Cash Dividend Distribution)

For the 2024 fiscal year, BRI posted a consolidated net profit of IDR 60.15 trillion, allocating up to IDR 51.73 trillion for cash dividends. An interim dividend of IDR 20.33 trillion (IDR 135 per share) was distributed on January 15, 2025, leaving a remaining payout of up to IDR 31.40 trillion. Of the total, IDR 27.68 trillion will go to the state, with the rest distributed proportionally to shareholders listed on the recording date.

Share Buyback Plan

In addition to the dividend distribution, BRI’s 2025 AGMS also approved the company’s plan to repurchase or buy back shares in an amount of up to IDR 3 trillion. The buyback will be carried out through the Stock Exchange or outside the Stock Exchange.

Changes to the Company’s Management

The 2025 AGMS resolved changes to the company’s management, including the honorable discharge of the following 19 individuals, among them Sunarso as President Director and Catur Budi Harto as Deputy President Director.

Additionally, BRI appointed 16 individuals, including Hery Gunardi as President Director and Hakim Putratama as Director of Operations.

The AGMS also reassigned Agus Noorsanto from Director of Wholesale and Institutional Business to Deputy President Director, and Ahmad Solichin Lutfiyanto from Director of Compliance to Director of Human Capital & Compliance.

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In total, BRI’s 2025 AGMS discussed and resolved 10 agenda items. The complete resolutions are available on the BRI website at www.bri.co.id

“The decisions made in this AGMS reflect BRI’s commitment to continuously improve performance and deliver added value to shareholders and other stakeholders,” concluded Hendy.

For more information about BANK BRI, visit www.bri.co.id

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