Huasun Energy, a leader in high-efficiency heterojunction (HJT) technology, has achieved significant gains in the Thai market following the successful conclusion of the “ASEAN Sustainable Energy Week Thailand 2024”. Recently, Huasun Energy and A2 Technologies, a leading EPC company in Asia, signed a cooperation agreement for the supply of G12-132 high-efficiency HJT modules. The agreement aims to strengthen their competitiveness in the Asia-Pacific and international markets by leveraging the core resources of both parties. The signing ceremony, attended by Jacky Chan, Huasun’s Director of Overseas KA Sales & Project Development, and Suryion Udcharchon, CEO of A2 Technologies, signifies a new…
Author: Chitrika Grover
In a possible move to allow solar producers to find more avenues for their excess power generation, the Vietnamese government has announced that direct power purchase agreements (PPAs) between independent power producers and large electricity consumers will be allowed. Vietnam saw a massive solar boom till about a year back, which led to grid issues for the country.The power sales have been allowed via two routes. First, sales through the national grid, which involves the purchase and sale of electricity via a term contract between an independent power producer (IPP) and a large electricity user or an authorized electricity retailer…
South Korea’s GS Entec Corp. is set to invest 300 billion won ($216.8 million) in facilities to manufacture wind power equipment as it shifts its business focus toward the eco-friendly industry.The energy equipment manufacturing unit of South Korea’s energy-to-retail conglomerate GS Group on Tuesday unveiled a plan to spend 214 billion won on automatic equipment to produce wind power foundations and 86 billion won on buildings for the business.“GS Entec’s investment and business shift is in line with GS Group’s new strategy of future growth through digital eco-friendly sectors,” said a GS Group official. “The unit plans to accelerate cooperation…
Enfinity Global Inc., a renewable energy provider received $164 million (JPY 26.24 bn) financing for a 250 MW solar PV portfolio in Japan. The financing, made in partnership with Macquarie Capital and a syndicate led by Shinhan Asset Management, positions the company for further growth in Japan.The portfolio consists of seven operating utility-scale solar projects, one project under construction, and has an enterprise value of over $1 billion. The portfolio is expected to produce more than 300 GWh of clean energy annually, enough to power 60,000 Japanese homes and offset 35,000 tons of CO2 emissions.”We are delighted to partner with…
Levanta Renewables has opened its account in Thailand with the acquisition of a 139.4 MW solar portfolio from Super Energy Corporation Public Co. The portfolio consists of 24 ground-mounted projects across four Thai provinces, all of which are contracted under 25-year power purchase agreements (PPA) with the Provincial Electricity Authority of Thailand.The Vietnam-based Levanta Renewables is 90% owned by renewable energy infrastructure investor Actis. Levanta has set itself a target of a 1.5 GW renewables portfolio in South East Asia. Levanta Renewables (Levanta), Actis’ (a leading sustainable infrastructure investor) renewable energy developer and independent power producer in Southeast Asia, has…
HSBC and Leader Energy of Malaysia have inked a financing deal worth 593 billion Vietnamese dong ($23.3 million) for a solar power plant in the southern Vietnamese seaside province of Binh Thuan.Leader Energy will use the seven-year loan to refinance its power plant, which generates 83,000 megawatt-hours of electricity a year, offsetting 75,000 metric tonnes of carbon, according to a statement on Monday. Group CEO Jenny Ng said investments in Vietnam will help her company hit its target of net-zero greenhouse gas emissions by 2050. The power producer is transitioning from coal and diesel to renewable energy.As Southeast Asia’s top…
Volt Singapore Pte Ltd (Volt), the electric vehicle (EV) charging arm of Keppel’s infrastructure division, has been awarded a contract to implement and operate a public EV fast-charging hub at Jalan Papan by Setsco Services Pte Ltd (Setsco), a wholly owned subsidiary of VICOM Ltd (VICOM). Setsco will provide electrical infrastructure and facilities while Volt operate the fast-charging hub for up to 15 years. This initiative is in line with the Singapore Green Plan 2030, supporting the nation’s electrification efforts by significantly enhancing the charging infrastructure for EVs.The EV chargers at the new hub are expected to be the largest…
Samsung Electronics Vietnam is on track to ramp up its climate action by expanding its procurement of renewable energy. The Vietnamese government issued a decree on direct power purchase agreement (DPPA) that allows enterprises to purchase renewable energy from private producers without an intermediary.The agreement allows enterprises to sign renewable energy contracts exceeding a certain scale with private producers, not just the state-owned Vietnam Electricity (EVN). Until now, enterprises mainly procured renewable energy through small-scale solar panels on the roofs of their business sites or by purchasing renewable energy certificates (RECs).With the implementation of the DPPA, Samsung Electronics Vietnam will…
Electric Power Development Co., Ltd. (J-POWER, signed an aggregation service contract for electricity from solar power generation through an investment special purpose company. This is the second solar power generation electricity aggregation service contract between J-POWER and PHOTON, following the “Aggregation Service Contract Signed for Virtual Power Purchase Agreement for PV Solar Power Plants” The Contract covers the virtual power purchase agreement (PPA2 ) signed between PHOTON and a major Japanese manufacturer in May 2024. Under the agreement, PHOTON will develop seven new high-voltage PV solar power plants (total capacity: approximately 20 MW DC) on idle land in the Hokkaido,…
Asian Infrastructure Investment Bank (AIIB) provides an investment of US$75 million to the green and blue bonds issued by Southeast Asia Commercial Joint Stock Bank (SeABank)AIIB’s US$75 million investment in SeABank’s green and blue bond project is expected to further strengthen the Bank’s strong capital base to expand financing for sustainable economic activities linked to the sea and water and grow green assets such as green buildings, renewable energy, and energy efficiency.”Viet Nam’s Nationally Determined Contribution lays emphasis on the importance of resource mobilization from financial and international credit institutions to support climate mitigation and adaptation ambitions. AIIB is very…