Pentagreen Capital (Pentagreen) and British International Investment (BII) have announced joint financing of US$80 million to accelerate the rollout of utility-scale solar and battery storage projects across Southeast Asia. These companies are developing their latest project in collaboration with ib vogt Singapore Pte. Ltd. (ib vogt), an international renewable energy development platform. Pentagreen is the sustainable infrastructure debt financing platform established by HSBC and Temasek in 2021. BII is the UK’s development finance institution and impact investor. The joint US$80 million Development and Construction Facility (the Facility) will finance the development and construction of solar, hybrid solar, and battery storage projects…
Author: Chitrika Grover
India’s adoption of carbon capture, utilisation, and storage (CCUS) is crucial for the country’s decarbonisation efforts, but a new report from Wood Mackenzie states that substantial government support of US$4.3 billion at today’s prices will be necessary to ensure the viability of the projected capacity. The report, ‘Country insight: five ways India could enable CCUS,’ highlights that the development of a better carbon market could significantly decrease the reliance on direct government support and enhance the overall feasibility of CCUS projects. The country is all set to define emission targets for nine key sectors and begin carbon trading from 2026.…
Peak Energy Development Pte Ltd. (“Peak Energy”), a leading renewable energy developer and independent power producer with operations across Asia, has acquired a 1MW solar rooftop installation in Singapore, further expanding its renewable energy portfolio.In parallel, Peak Energy has entered into a Virtual Power Purchase Agreement (vPPA) contract with Arkema Pte Ltd. (“Arkema”), a global leader in specialty materials production, for its Symphony Plant located on Jurong Island, the world’s largest integrated bio-factory. Through this agreement Peak Energy will help Arkema achieve its Science Based Targets initiative (SBTi)-approved goal of a 48.5% reduction in Scope 1 + 2 greenhouse gas…
A seismic shift in Asia’s green economy is underway. The Institute of Strategic & International Studies (ISIS) Malaysia and the Council on Energy, Environment and Water, two major think-tanks, have inked a memorandum of understanding (MoU) to expedite India-Malaysia cooperation on sustainability. The MoU is one of the outcomes of a joint Institute of Strategic & International Studies Malaysia and the High Commission of India in Kuala Lumpur’s conference titled ‘India’s Act East Policy in the second decade: perspectives from ASEAN and India.’As both India and Malaysia scale up their climate ambitions, this collaboration will serve as a launchpad to…
The Singapore-based Sembcorp Industries (Sembcorp) delivered a resilient performance for the full year of 2024 (FY2024). Group net profit before exceptional items (EI) and discontinued operation were S$1.02 billion, comparable to FY2023, despite a planned major maintenance in the first half of 2024 (1H2024). Group net profit after EI and discontinued operation was S$1.01 billion, 7% higher than S$942 million in FY2023. Net profit before EI and discontinued operation for 2H2024 was S$487 million, 17% higher than 2H2023 mainly due to higher earnings in the Gas and Related Services and Integrated Urban Solutions segments.Sembcorp’s FY2024 net profit before EI for…
TotalEnergies ENEOS has announced the completion of its first ground-mounted solar photovoltaic (PV) project in Singapore, in partnership with Tanah Merah Country Club (TMCC), one of the most prestigious golf destinations in Singapore and the Asia region. This positions TMCC as Singapore’s first country club to be primarily powered by an onsite ground-mounted solar PV system.The 2.2 MWp ground-mounted PV system has more than 3,700 solar modules installed and will generate over 3,000 megawatt-hours (MWh) of renewable electricity annually, enough to power about 700 four-room HDB flats a year. This brings about significant cost savings for the club while reducing…
Iberdrola and the Japanese electricity company Kansai announced the extension of their strategic alliance to accelerate electrification globally. This collaboration will focus on various electricity grid and renewable energy projects in different countries.Both companies see this new agreement as a strategic milestone that will allow them to jointly explore other investment opportunities in different technologies and regions within the renewable energy and electricity grid industry.The agreement strengthens the relations of both companies, following the co-investment in the Windanker offshore wind farm at the end of December 2024. The Windanker offshore wind farm, located in the German Baltic, will have an…
Cleantech Solar, a renewable energy solutions provider to corporations in India and Southeast Asia, has commissioned 10 MWp of floating solar PV systems for Cargill in Thailand. These PV systems are part of nearly 30 solar PV projects under various stages of operations, construction, and development. This project is for the food processing giant in Thailand, and numerous other projects in Southeast Asia and India. The floating solar PV projects add to Cleantech Solar’s existing rooftop solar projects and are located at Cargill’s fully integrated poultry processing units in Korat and Saraburi.Floating Renewable Energy SystemsThe floating renewable energy systems are…
The pipeline of prospective utility-scale solar and wind capacity grew by a fifth last year, but the world’s richest countries account for only a fraction of new construction, according to a new report from Global Energy Monitor (GEM).The Global Solar Power Tracker and Global Wind Power Tracker include all projects that have been announced, entered pre-construction, or are currently under construction for solar capacity over 1 megawatt (MW) and utility-scale wind capacity over 10 MW.During 2024, prospective utility-scale solar and wind capacity grew to 4.4 TW. Utility-scale solar and wind are largely equal in their prospective development, with 2 TW…
JinkoSolar Holding Co., Ltd. a solar module manufacturer achieved a significant breakthrough in the development of its N-type TOPCon-based perovskite tandem solar cell. Independently tested by the Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences, the cell achieved an impressive conversion efficiency of 33.84%, surpassing JinkoSolar’s previous record of 33.24%. This achievement marks the 27th time JinkoSolar has set a world record for efficiency and power output for PV products.The record-breaking perovskite tandem solar cell utilizes JinkoSolar’s N-type high-efficiency monocrystalline TOPCon solar cell as the bottom cell, enhanced by significant advancements across multiple key technologies. Innovations such…