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…
Author: Chitrika Grover
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…
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…
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…