Trina Solar, a smart photovoltaic (PV) and energy storage solution prover, announced its strategic expansion into Thailand’s renewable energy sector. Leveraging nearly three decades worth of experience in the solar industry, Trina Solar brings globally leading technology for solar modules, trackers and energy storage systems to serve a diverse range of sectors, including utilities, commercial and industrial projects (including manufacturing, healthcare and hospitality), as well as residential projects. It opines that robust Solar + Battery Energy Storage Systems (BESS) will be a key component to meet the kingdom’s energy commitments. According to Thailand’s Power Development Plan (PDP), renewable energy is…
Author: Chitrika Grover
Hyundai Motor Group and LG Energy Solution have launched Indonesia’s inaugural electric vehicle battery cell production facility, capable of producing 10 Gigawatt hours (GWh) annually. This plant is a cornerstone of Hyundai Motor and LG Energy Solution’s pledge to invest up to $9.8 billion in Southeast Asia’s largest economy, aimed at building a robust EV supply chain. The Indonesian government highlighted the nation’s abundant reserves of nickel and copper as key advantages driving this initiative.”Mineral resources of this nation, such as iron and nickel, are important components in batteries that will mobilize millions of EVs globally,” Hyundai Motor executive chairman…
Google has purchased a stake in Taiwanese solar power firm New Green Power (NGP). The cloud giant, having acquired the stake, will be able to set up to 300MW power via power purchase agreements (PPAs). Amanda Peterson Corio, Google’s global head of data center energy, said, that the company’s operations in Taiwan still relied on fossil fuels for nearly 85 percent of its power. NGP is owned by a fund managed by BlackRock’s Climate Infrastructure business. Neither BlackRock nor Google have stated the size of Google’s stake, but Corio said the capital associated with it would be able to drive the…
During a meeting between Cambodia’s Minister of Mines and Energy Keo Rattanak at the Minister’s office on 25 June 2024 with Indonesian Ambassador Santo Darmosumarto, Indonesia’s minister expressed readiness to work together with Cambodia in identifying and mapping potential mineral reserves in the country.While coal remains the leading trade commodity between the two countries, both the Ambassador and the Minister believe that there is immense potential for the two countries to cooperate in new and renewable energy resources. This is in line with Indonesia and Cambodia’s commitment to tackle climate change and reduce carbon emissions.”Indonesia is dedicated to participating in…
TOKYU LAND CORPORATION Tokyo President, Hiroaki Hoshino; hereinafter, JDC CORPORATION (Head Office. Minato-ku, Tokyo; President: Isao Hayashi, and Marubeni Corporation together formed a consortium the Consortium, represented by TOKYU LAND CORPORATION). This consortium was selected as the developers for the “Sazan Tosu Cross Park,” a new industrial park that was solicited by Tosu City (Mayor Keito Mukaikado). This project was developed in cooperation with Saga Prefecture (Governor: Yoshinori Yamaguchi). They hereby announce that they have concluded a basic agreement with Tosu City. This project aims not only to develop advanced logistics facilities but also to attract manufacturing companies and establish…
Sembcorp Industries (Sembcorp) today announces that its wholly-owned subsidiary, Sembcorp Power Pte Ltd (Sembcorp Power), has secured long-term power purchase agreements (PPAs) with subsidiaries of global biopharma company, GSK. Under the PPAs, Sembcorp Power will supply up to 10MW1 of electricity to all three of GSK’s global manufacturing sites in Singapore. Sembcorp will also be supplying up to 87,600MWh of renewable energy certificates annually to GSK from Sembcorp’s solar projects, enabling GSK’s manufacturing operations in Singapore to achieve its 100% purchased renewable electricity target by 2025. The PPAs have tenures of up to 10 years and will commence on January…
Institute of Energy Economics and Financial Analysis (IEEFA), a research-based organization, in its recent report found potential in solar and offshore wind power projects to have investment potential to develop a supply chain that can exceed US$1.1 trillion by 2050. It holds the capacity to generate 873 gigawatts (GW) of clean energy, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).“This report highlights the here-and-now opportunity to capitalize on the renewable energy supply chain,” says Grant Hauber, IEEFA’s Strategic Energy Finance Advisor, in Asia. “Solar energy offers immediate investment benefits to the Asia Pacific,…
The Asian Development Bank (ADB) signed a $40 million financing package with Ananta Knitwear Limited (AKL) to finance a new knit fabric factory in Narshingdi, Bangladesh. AKL is part of the Ananta Group, one of the largest exporters of ready-made garments in Bangladesh. The financing comprises a $20 million loan from ADB and a syndicated B-loan of $20 million from the ILX Fund, an Amsterdam-based emerging market asset manager focused on Sustainable Development Goals, with ADB as the lender of record. As the mandated lead arranger, ADB arranged and syndicated the financing package. The new factory is expected to receive…
Clean energy solutions provider Gentari Sdn Bhd (Gentari), a subsidiary of Malaysia’s PETRONAS Group, is collaborating with leading EV charging business solution provider Virta through its subsidiary Gentari Green Mobility to expand the EV charging network across Southeast Asia.Leveraging Virta’s digital platform services, technology and industry expertise with Gentari’s deployment and operation of EV charging infrastructure, the partners will also work with third-party entities to enable EV charging interoperability in the region.In line with its long-term aim to become Asia Pacific’s leading green mobility solutions partner, Gentari is deploying technologically advanced EV charging services across the region through its clean…
In the bustling streets of Bangladesh, where millions rely on three-wheelers daily, Tiger New Energy (Tiger), a Bangladeshi clean energy startup, is setting a new standard in urban mobility with its innovative battery-swapping technology. ADB Ventures has provided the company with an additional US$1 million in funding, augmenting the US$2.5 million seed round led by Wavemaker Partners last year. The investment accelerates the deployment of Tiger’s battery-swapping network across Bangladesh, advancing its mission to promote eco-friendly mobility and deliver substantial socio-economic benefits. Driving Change for Green Mobility and Empowering Local Communities Harvard Business School alumni Nicole Mao and Yiwei Zhu founded Tiger New Energy to address the pressing issues of…