Building on their two-year collaboration on charging services in North America, Bosch and VinFast have partnered to provide VinFast customers in Europe with the confidence to embark on journeys across the continent through easy access to a vast network of compatible charging stations.Aligned with VinFast’s principle of “placing customers at the forefront,” this partnership highlights the company’s dedication to supporting communities in Europe with their transition to sustainable transportation. It also marks a pivotal achievement in VinFast’s efforts to expand in the European market.This agreement ensures an accessible charging experience for VinFast customers, who can locate, charge, and pay seamlessly…
Author: Chitrika Grover
Trina Solar, the global leader in smart PV and energy storage solutions, announces its unwavering commitment to the Pakistani market with the introduction of its world-record-setting solar modules to the Pakistani market. In a strategic move to bolster Pakistan’s solar industry, Trina Solar has signed a series of strategic Memorandums of Understanding (MOUs) with leading local distributors, reinforcing its dedication to providing Pakistan with cutting-edge solar solutions.Pakistan, with its abundant sunlight and ambitious renewable energy targets, presents a prime opportunity for solar innovation. Trina Solar, renowned for its innovation and technological prowess, is recognizes the importance of empowering Pakistan’s transition…
In a move to spur sustainable investments in Sri Lanka, the International Finance Corporation (IFC) and the European Union (EU) partnered with the Commercial Bank of Ceylon (CBC) to scale up green finance, supporting the country’s commitments towards a low-carbon economy.The partnership, which is under the EU’s regional initiative ‘Accelerating Climate Smart and Inclusive Infrastructure in South Asia (ACSIIS)’, will help CBC set the foundations for net zero transition. With IFC’s technical support, CBC aims to grow its green financing portfolio by expanding into areas such as blue finance and green SMEs.”The formulation of a robust climate transition strategy stands…
Laos’ government recently signed a joint development agreement for investment in the energy sector with Thailand-based alternative energy company Energy Absolute (EA). The collaboration highlights the setting up of a joint venture company, Super Holding Company, to manage and distribute clean energy, promote the adoption of electric vehicles (EVs), and advance the country’s sustainable growth initiatives.This will enable Laos to generate revenue from clean energy within three years, alleviate its dependency on crude oil imports, facilitate the development of energy storage and EV solutions, and achieve its national goal of being the “Battery of Asia”.“The initiative aims to generate value…
South Korea’s Hyundai Asset Management Co. Hyundai announced that it signed a business agreement with Cyan Renewables, a Singapore-based specialist in offshore wind support vessels. With this agreement, Cyan Renewables enters the South Korean domestic offshore wind power market.During the signing ceremony held at Cyan Renewables’ South Korea office last week, attended by officials from both companies including Hyundai Asset Management CEO Jeong Wook and Cyan Renewables chief executive officer (CEO) Lee Keng Lin, discussions were held on strengthening supply chains to meet the rapidly growing demand for vessels in the South Korean offshore wind power market.By combining Cyan Renewables’…
Bursa Carbon Exchange a wholly-owned Bursa Malaysia Berhad subsidiary plans to host its first Malaysian carbon credits auction on 25 July 2024.The auction of carbon credits from the Kuamut Rainforest Conservation Project will mark a significant milestone for BCX on several fronts – the offering of its first Malaysia Nature-based Carbon Credits Plus (MNC+) generated via a domestic forestry project; and the expansion of BCX’s product offering to include local carbon credits in addition to global carbon credits.Located in the Tongod and Kinabatangan districts in Sabah, Malaysia, the Kuamut Project protects and restores 83,381 hectares of tropical forest. The project…
Trina Solar, a smart PV and energy storage solution provider recently ramped up production of its manufacturing facility in northern Vietnam.When the US$203 million factory in the northern city of Thai Nguyen started production last August it had 700 workers. It was producing its industry-leading 210mm monocrystalline silicon wafers. Since then, the workforce has more than doubled to 1,500 workers and the factory is now also producing solar cells and modules; representing more advanced stages of value-added manufacturing.The facility is steadily ramping up to its maximum annual production capacity: 6.5GW of wafers, 4GW solar cells, and 5GW modules.”Trina Solar is…
Canadian Solar Inc. recently won three battery energy storage system (BESS) projects, of 193 MW, in Japan’s first Long-Term Decarbonization Power Source Auction (LTDA). The winners of Japan’s auction were announced on April 26, 2024, with the company securing 13.3% of the total awarded energy storage projects. Canadian Solar will enter into Capacity Reserve Agreements (“CRA”) with the Organization for Cross-regional Coordination of Transmission Operators (OCCTO). These energy storage projects will provide capacity over 20 years, in return for Capacity Reserve Payments to offset fixed storage system costs.Located in Aomori, Fukushima, and Yamaguchi prefectures respectively, the three projects are expected…
Vietnamese electric vehicle maker VinFast Auto announced its plan to enter the Philippine EV market at the end of May. VinFast planned to expand its presence in many international markets such as the US, Canada, and Europe. It recently entered the Indonesian, Indian, and Thai markets. The Philippines is VinFast’s next step in its expansion strategy in the Southeast Asian market, especially as the country is adopting policies to promote the development of electric vehicles. Nguyen Minh Ngoc, General Director of VinFast Philippines said the company commits to joining hands with the Philippines in the electric mobility revolution. The company is…
Sri Lanka has signed a deal with Adani Green Energy Limited (AGEL) for a power purchase agreement for 20 years, the country’s cabinet statement read. The company will be paid 8.26 cents per kilowatt-hour (kWh) as per the agreement for the wind energy projects it has developed, the cabinet statement said. The Sri Lankan Cabinet has appointed a negotiation committee to evaluate the project proposal which was furnished by Adani Green Energy. Adani Green Energy has already won approval in February last year to invest $442 million and develop the 484 megawatts wind power plants in Mannar town and Pooneryn village,…