Chinese solar manufacturer LONGi has announced a new record for solar cell efficiency, reaching 27.81% for its Hybrid Interdigitated Back Contact (HIBC) crystalline silicon solar cell.The figure was certified by Germany’s Institute for Solar Energy Research Hamelin (ISFH), the company said in a statement. The result marks a new milestone in the photoelectric conversion efficiency of monocrystalline silicon photovoltaic (PV) cells.LONGi has made a series of advances in recent years. In November 2022, it set a record at 26.81%, before raising it to 27.3% in May 2024. The company has since achieved successive improvements, culminating in the latest result of…
Author: Chitrika Grover
Bharat Petroleum Corporation Limited (BPCL) and Sembcorp Green Hydrogen India Private Limited, a subsidiary of Sembcorp Industries (Sembcorp) have entered into a joint venture (JV) agreement. Following its earlier announcement on September 13, 2024, the latest agreement between the both the companies would explore renewable energy and green hydrogen projects across India. This strategic partnership aims to support India’ energy transition and development goals.The JV will also consider projects in green ammonia production and bunkering, emissions reduction for port operations and other emerging green fuel technologies. The potential projects will leverage Sembcorp’s renewables experience and BPCL’s expertise in the petroleum…
Trinasolar International System Business Unit (ISBU), the utility-scale solar and battery storage development arm of Trina solar Co., Ltd, has signed a a 20-year renewable energy PPA with Equinix, a global data center provider. The agreement will allow Trina ISBU to supply solar power generated from the 30MW Yufutsu Abira Project in Hokkaido. The project is expected to supply electricity from 2028 Q3. This PPA marks a significant step in Trinasolar ISBU’s transition from a renewable solutions provider to a clean energy supplier in Japan. It supports Equinix’s long-term sustainability goals and commitment to reducing carbon emissions across its operations. “Trinasolar…
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…
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…