Sembcorp Industries (Sembcorp) through its wholly- owned subsidiary, Sembcorp Utilities Pte Ltd, and PT PLN Energi Primer Indonesia (PT PLN EPI), a sub-holding company of PT PLN (Persero), have entered into a joint development agreement (JDA) for a green hydrogen production facility in Sumatra, Indonesia, capable of producing 100,000 metric tonnes per annum. The project is poised to become Southeast Asia’s largest green hydrogen development initiative, with the goal of creating a regional green hydrogen hub connecting Sumatra, the Riau Islands, and Singapore.The JDA, signed today at the Singapore International Energy Week 2024, builds on the joint development study agreement…
Author: Chitrika Grover
Sembcorp Industries (Sembcorp), through its whollyowned renewables subsidiary Sembcorp Green Infra Private Limited, has received the Letter of Award (LOA) for a 150MW Inter State Transmission System (ISTS) connected wind-solar hybrid power project (the Project) from Solar Energy Corporation of India Ltd(SECI). The build-own-operate Project is part of a 600MW bid issued by SECI.Subject to the execution of a power purchase agreement (PPA) and upon completion of the Project, power output from the Project will be sold to SECI under a 25-year longterm PPA. The Project is expected to be ready for commercial operation within 24 months from the date…
The Asian Infrastructure Investment Bank (AIIB) and the Alliance to End Plastic Waste (AEPW) together launched a cofinancing initiative to integrate solid waste management services and solutions in more than 10 cities and districts in Indonesia.Held earlier in Uzbekistan alongside the 2024 AIIB Annual Meeting, the event was attended by Dian Lestari, Director of Grants and Loans, Ministry of Finance, and Ariadi Kurniawan, Senior Representative of Indonesia’s Ministry for National Development Planning. Jacob Duer, President and CEO of AEPW, and Rajat Misra, AIIB Acting Vice President for Investment Clients Region 1 and Financial Institutions and Funds, Global, signed the Letter…
The Kingdom of Saudi Arabia’s Forward7 Initiative collaborates with Sistema.bio, a global social enterprise known for its biogas technology. Together they have launched an initiative to provide subsidized biodigesters to small farm holders in Nepal and Indonesia. Forward7 previously known as the Kingdom’s Clean Fuel Solutions for Cooking, project aims to install 800 biogas units across these countries in addition to facilitate an entry to Sistema.bio. This new collaboration aims to provide future services in Indonesia and Nepal in collaboration with PT. Biru Karbon Nusantara (BKN) and the Nepal Biogas Promotion Association as the key implementation partners. Scheduled to conclude…
Prozeal Green Energy Limited, an energy-based company in India, and Golyan Power Limited, a corporate group in Nepal, have signed a joint venture to revolutionize Nepal’s energy landscape. Together, the two companies will develop over 500 MW of solar energy projects, including rooftop and ground-mounted photovoltaic (PV) solar plants, across multiple locations in Nepal over the next 18 months. This joint venture between Prozeal Green Energy Nepal Pvt. Ltd. (60% stake) and Golyan Group (40% stake) reflects the companies’ shared vision for a sustainable and decarbonized future. A Joint Vision for a Solar-Powered Nepal The primary goal of this JV is to harness Nepal’s…
The International Greentech and Eco Products Exhibition & Conference Malaysia (IGEM) 2024, the region’s longest-running green technology exhibition, officially opens today, reaffirming Malaysia’s leadership in sustainable development with this year’s theme “Race Towards Net Zero: Regional Leadership for Climate Urgency”. Organised by the Ministry of Natural Resources and Environmental Sustainability (NRES) and co-organised by the Malaysian Green Technology and Climate Change Corporation (MGTC), with the Malaysian Investment Development Authority (MIDA) and The C0_LAB Pte Ltd as the strategic partner, IGEM 2024 sets an ambitious target of RM4.8 billion in business leads and drawing 48,000 visitors from over 48 countries. Hosted…
Eco Wave Power Global AB (publ) (Nasdaq: WAVE) (“Eco Wave Power” or the “Company”), a leading, publicly traded onshore wave energy technology company announced today that it signed an agreement for the sale of the first wave energy generation unit with I-Ke International Ocean Energy Co. (“I-Ke”), a subsidiary of Lian Tat Company (“Lian Tat”), a leading maritime engineering company, with the purpose of bringing Eco Wave Power’s wave energy technology to Taiwan. According to the terms of the agreement, I-Ke will be providing the full financing for the 100KW pilot project, by buying a turnkey conversion unit from Eco Wave…
The Asian Infrastructure Investment Bank (AIIB) has signed a USD100 million commitment toward climate transition investments in emerging Asia. Of the total commitment, USD75 million is committed to the Actis Asia Climate Transition Fund (the Fund), managed by Actis GP LLP, and up to USD25 million co-investment sleeve alongside the fund. This marks AIIB’s first climate transition-themed fund dedicated to emerging Asia and highlights the Bank’s commitment to sustainable development and climate change mitigation in the region. “Our commitment to the Actis Asia Climate Transition Fund underscores AIIB’s dedication to financing sustainable infrastructure and fostering low-carbon solutions in Asia,” said Rajat…
Sungrow, a global PV inverter and energy storage system provider, recently inked an agreement with MSR Green Energy SDN BHD (MSR-GE) to advance a 100MW/400MWh Battery Energy Storage System (BESS) project in Sabah, Malaysia. This project’s final installed capacity will be 517MWh to meet the client’s long-term capacity needs. MSR-GE, the lead company in the venture, successfully secured the tender from Sabah Electricity Sdn. Bhd. (SESB) and accepted a Letter of Award dated September 11, 2024. The contract, valued at approximately RM645 million, covers the engineering, procurement, and construction of the Sabah BESS Project. The signing ceremony was attended by Sungrow Senior Vice…
Recently, Sungrow, the world’s leading inverter seller in 2023, delivered 66 sets of its energy storage system, PowerTitan 2.0, in the UK, demonstrating its acceleration of energy storage deployment in Europe. In the Middle East, over 1,500 sets of PowerTitan 2.0 are set for deployment, contributing to one of the world’s largest energy storage projects with a capacity of 7.8 GWh. Similarly, in Asia, multiple PowerTitan 2.0 projects have been successfully commissioned, showcasing impressive performance in cost reduction, safety, grid forming, etc. PowerTitan 2.0 has been rapidly gaining global traction, pioneering the energy storage industry’s transition into the AC Block…