Trina Solar, a global leader in smart PV and energy storage solutions, has signed a memorandum of understanding (MOU) with two Korean companies to develop solar projects in Korea totaling 100MW by the end of 2025, helping to accelerate the RE100 movement in the country.It signed the MOU with renewable energy consultancy CSC Energy and engineering, procurement and construction (EPC) company SolarTEQ. This alliance aims to empower businesses committed to clean energy by developing large-scale, ground-mounted solar power plants. The MOU establishes a framework for collaboration, leveraging each party’s strengths to specifically target the rapid growth of the RE100 initiative…
Author: Chitrika Grover
Mitsubishi Electric Corporation, Mitsubishi Electric Mobility Corporation (Mitsubishi Electric and Mitsubishi Electric Mobility are collectively referred to as “Mitsubishi Electric Group.”) and AISIN CORPORATION (TOKYO and NAGOYA: 7259) announced today the three companies have reached a basic agreement to establish a joint venture (the “JV”) company to handle products for next-generation electric vehicles (EVs) (the “Transaction”). The JV will succeed to part of Mitsubishi Electric Mobility’s business, and will develop, produce and sell traction motors, power converters (inverters, etc.) and their control software, which will be optimized for vehicles and relevant systems and used in next-generation EVs, including battery EVs…
The US Department of Commerce recently initiated a countervailing duty investigation of whether silicon photovoltaics are assembled into modules from Malaysia or not. According to reports shared by the ministry, the investigation found that solar cells were from sent to these countries from China. These countries in Southeast Asia are Cambodia, Malaysia, Thailand, and Vietnam Solar cells completed in Cambodia, Malaysia, Thailand, or Vietnam from a Chinese wafer. Then these solar cells were sent to another inquiry country (Cambodia, Malaysia, Thailand, or Vietnam) for assembly into a solar module with three or more Chinese components, and the solar module was…
Indonesia’s government recently shared proposed to Indonesian official said Monday that the government has proposed to Tesla CEO Elon Musk the construction of an electric vehicle battery plant in the nickel-rich country.The official spoke after Musk met with Indonesian President Joko Widodo while attending a water conference on the island of Bali.“We made an offer, is it possible to build an EV battery factory, precursor to cathodes, here. And he said he will consider it,” Coordinating Maritime Affairs and Investment Luhut Binsar Pandjaitan, told reporters.Indonesia is keen to build up industries to exploit is rich natural resources, which include the…
Mubadala Investment Company (Mubadala), the Abu Dhabi sovereign investor, has invested in PAG’s Asia Pacific renewable energy platform (PAG REN I), primarily focused on supplying solar power to corporations across Japan.PAG REN I will leverage PAG’s multi-decade experience in the Japanese real-estate space as well as the expertise of its in-house renewable energy team, PAG Renewables. The platform aims to operate across developed Asia Pacific economies with a strong focus on Japan and will support Japan’s ambitious solar plans, with the country targeting to install 108GW of solar capacity by 2030.Hammad Rahman, Head of Asia Pacific – Traditional Infrastructure at…
SCG Cleanergy, a wholly owned subsidiary of SCG, that provides power solutions from renewable energy in Thailand and the ASEAN region and beyond. It recently developed Southeast Asia’s first heat battery – the world’s first commercial heat battery at a cement plant – and opens the path to simple, low-cost industrial decarbonization.Rondo Energy, and SCG Cleanergy, a wholly owned subsidiary of Siam Cement Group (SCG), announced that the companies have begun construction of a Rondo Heat Battery (RHB) in Thailand. Rondo Heat Batteries capture intermittent electricity, store energy as high-temperature heat in brick, and deliver continuous industrial heat and power…
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…
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…