Aslan Energy Capital, Singapore, and PT Calypte Sugi Power, Indonesia recently signed a Memorandum of Understanding (MoU), to develop a power generation hub in Sugi Island, Riau Islands Province in Indonesia. The focus of the power hub is to develop largescale solar and sustainable clean power generation capacity in the Riau Islands province. Initial planning targets 1 GW solar power production capacity by Q3 2026, with definitive plans to achieve up to a combined 2 GW of solar power generation capacity by Q4 2027, leveraging the unique and favourable conditions for clean energy development on Sugi Island.”The Sugi Power Hub…
Author: Chitrika Grover
Trina Solar, a global leader in smart photovoltaic (PV) and energy storage solutions, is proud to announce the commercial operation of its latest agrivoltaics project in Fukuchiyama, Kyoto Prefecture. Developed by its International System Business Unit (ISBU) arm, which specializes in the production and delivery of utility-scale solar projects for the global market, this large-scale initiative represents a significant milestone for its operations in the Japanese market, demonstrating the potential of agrivoltaics to harmonize renewable energy production with agricultural activities.The Fukuchiyama project utilizes 3,392 of Trina solar’s ultra-high power Vertex N 720W series modules (TSM-690NEG21C.20), incorporating the latest 210mm wafer…
Thiru. M.K. Stalin, Chief Minister of Tamil Nadu recently virtually laid the foundation stone for a state-of-the-art green ammonia plant in Tuticorin, Tamil Nadu.In his address the Chief Minister said, “Tamil Nadu has been a frontrunner in renewable energy initiatives, playing an important part in advancing India’s energy transition targets. I am confident that this project in Tuticorin will be a stepping stone to establish Tamil Nadu as a global hub for green hydrogen production. This collaborative project reflects the commitment of all the partner nations – India, Singapore, and Japan – to work towards a sustainable future for the…
Solarvest Holdings Berhad (Solarvest), a Malaysian clean energy solutions provider, and Agmo Holdings Berhad (Agmo), homegrown digital solutions and application development specialist, entered a strategic joint venture to codevelop digital clean energy applications for the advancement of the clean energy sector.Witnessed by the Deputy Prime Minister and Minister of Energy Transition and Water Transformation, Dato’ Sri Haji Fadillah Bin Haji Yusof, during the 6th International Sustainable Energy Summit (ISES) 2024, this partnership is expected to undertake a major digital transformation in Malaysia’s clean energy sector by providing comprehensive digital solutions that benefit both consumers and providers of clean energy.The joint…
ACEN, GenZero and Keppel Ltd. (Keppel) have signed a Memorandum of Understanding (MOU) to jointly explore the origination and utilisation of Transition Credits (TCs) to accelerate the retirement of the South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant (CFPP) in Batangas, the Philippines, and replace it with a clean energy despatch facility. When completed, this project is expected to be one of the first converted CFPPs in the world to generate TCs. This pioneering initiative reflects the shared commitment of the partners to accelerate the orderly and just transition to clean energy in Southeast Asia.CFPPs are the single largest…
Renewable energy is becoming a crucial factor for national competitiveness, influencing geopolitical influence, national security, industrial leadership, access to financing, and public well-being. According to the recent report by International Institute for Energy Exconomics and Financial Analyisis (IIEFA). The report found that, despite pledging to achieve net-zero emissions by 2050, South Korea’s renewable energy accounted for only 9.64% of its power generation mix in 2023, significantly below global averages. South Korea’s 11th Basic Plan for Long-Term Electricity Supply and Demand (BPLE) still prioritizes fossil fuels and speculative Small Modular Reactors (SMRs), even though the country aims to reduce its reliance…
TotalEnergies Marine Fuels, a TotalEnergies’ dedicated business supplied its first B100 biofuel bunker on 5 August in Singapore, expanding itself into low-carbon fuels as it supports the decarbonization goals of global shipping.TotalEnergies Marine Fuels used an IMO Type II chemical bunker tanker, MAPLE, owned by Global Energy Group, to transfer 700 metric tons (mt) of the 100% Used Cooking Oil Methyl Ester (UCOME-based) biofuel to a Pure Car and Truck Carrier (PCTC), Glovis Cosmos, which is owned by Hyundai Glovis. The UCOME biodiesel supplied is a second-generation, waste-based fuel sourced in Southeast Asia. This circular economy approach minimizes competition with…
With the support of the Royal Government of Bhutan and the Government of India, Tata Power, one of India’s largest integrated power companies, has entered into a strategic partnership with Druk Green Power Corporation Ltd (DGPC) of Bhutan for the development of the 600 MW Khorlochhu Hydropower Project. The Project is located in the Trashiyangtse Dzongkhag (District) in Eastern Bhutan on the Kholongchhu river. While the clean power from the project will help meet Bhutan’s increasing electricity requirements, it will also complement and contribute to India’s energy transition to renewables. The partnership involves a 40% equity investment by Tata Power…
Sembcorp Industries (Sembcorp) posted a turnover of S$3.2 billion and Group net profit before exceptional items (EI) of S$532 million for the first half of 2024 (1H2024), compared to S$3.7 billion and S$602 million respectively in 1H2023. Group net profit after EI and discontinued operation was S$540 million, 2% higher compared to S$530 million in 1H2023.Net profit before EI for the Gas and Related Services segment was S$339 million, compared to S$435 million in 1H2023. Excluding the planned major maintenance for the Singapore cogeneration plant in 1H2024, earnings for the segment remained resilient despite a decline in Singapore wholesale power…
Indonesia urgently needs US$146 billion in near-term private investments to meet its 2030 climate targets, necessitating substantial policy reforms to boost investor confidence, according to a recent Institute for Energy Economics and Financial Analysis (IEEFA) report. Despite abundant renewable energy potential and robust economic growth, Indonesia has seen stagnation in renewable energy investment over the past seven years. In 2023, it attracted only US$1.5 billion, adding a mere 574 megawatts (MW) of capacity. This falls far behind neighboring countries like Vietnam, which boasts 13,035MW of solar and 6,466MW of wind capacity. The report identifies several barriers hindering investment, including complex…