Author: Chitrika Grover

The solarising initiative at Jawaharlal Nehru Hospital in Mauritius was inaugurated on 3 June 2024 by Dr the  Kailesh Kumar Singh Jagutpal, Minister of Health and Wellness and Georges Pierre Lesjongard, Minister of Energy and Public Utilities in the presence of Mahen Kumar Seeruttun, Minister of Agro-Industry and Food Security, Naveena Ramyad, Minister of Industrial Development, SMEs and Cooperatives, Teenah Jutton, Parliamentary Private Secretary; and H.E. K. Nandini Singla, the High Commissioner of India in Mauritius, and senior officials from the Ministry of Energy, Ministry of Health, Mauritius Development Bank, and the International Solar Alliance (ISA) Mauritius, in line with…

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The Asian Infrastructure Investment Bank (AIIB) has signed a USD100 million (equivalent in CNY) green and blue loan to JC International Finance & Leasing Co., Ltd. (JC Leasing), a member of Legend Holdings Corporation. This is AIIB’s first “blue” loan, focused on ocean and coastal preservation and increasing access to clean water resources.The loan will help grow JC Leasing’s green and blue finance portfolio in China, aligning with AIIB’s thematic priorities of Green Infrastructure and Private Capital Mobilization. Loan proceeds will support blue activities such as water supply and sanitation, along with green activities such as energy efficiency, clean transport…

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Nepal Parliament endorsed agreement on establishment of International Solar Alliance, floated by India, France. Addressing queries raised by lawmakers about the establishment of the ISA, Minister Basnet stated that it would guide the development of the energy sector and minimize the effects of climate change. He clarified that the government prioritized national benefits and that this establishment would not add any financial liability to the country. “In the next two years we will be able to produce 1,000 Mega Watt (MW) solar power, the work is already underway and the competitive PPA (Power Purchase Agreement) bidding also has started. At…

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UEM Group Bhd, a wholly-owned unit of Khazanah Nasional Bhd, said on Wednesday that it has signed an agreement to develop a 500-megawatt (MW) hybrid solar power plant project in Johor.UEM Group through its green industry arm UEM Lestra Bhd inked the agreement with Blueleaf Energy and ITRAMAS Corporation Sdn bhd. This marks the second project to be developed by UEM Lestra and its partners as part of the one-gigawatt (GW) hybrid solar power plant flagship venture under the National Energy Transition Roadmap (NETR), according to a statement.“In less than a year of us signing the Memorandum of Understanding (in…

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Sembcorp Green Hydrogen Pte. Ltd., a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), has signed a Heads of Terms (HoT) agreement with Sojitz Corporation and Kyushu Electric Power Co., Inc. (the Consortium), paving the way for the Consortium to finalize a definitive green ammonia offtake agreement. This builds on the Memorandum of Understanding signed by the consortium and announced on December 18, 2023, to explore supplying Japan with green ammonia produced in India (the Project). As the lead developer and operator of the Project, Sembcorp will utilize renewable energy to produce an initial 200,000 metric tonnes per annum of green ammonia…

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Minister of State for Power Ali Pervaiz Malik reiterated the government’s commitment to pursue renewable energy projects in a brief video message on Wednesday while categorically denying any decision to impose duty or tax on solar panels. Malik’s statement came as local media outlets reported that the administration in Islamabad had decided to amend the net metering regulations to impose new tariffs on the sale and purchase of solar energy produced by users. These reports also claimed the government was planning to impose a fixed tax on those who have installed solar panels. Net metering is a billing mechanism that…

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Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, announced the addition of three Vietnam Singapore Industrial Parks (VSIP) to its portfolio. The investment licenses for VSIP Thai Binh, VSIP Quang Ngai II, and Becamex-VSIP Binh Thuan were awarded to companies held by Vietnam Singapore Industrial Park Joint Venture Company (VSIP JV Co). VSIP JV Co is Sembcorp’s 49.3% owned joint venture company with Vietnam state-owned enterprise, Becamex IDC Corporation. Sembcorp’s effective shares in the three new projects range from 24.6% to 49.3%.Low-carbon Industrial ParksIncluding the new projects, Sembcorp has participated in the development of 18 VSIPs with total licensed land…

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Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, and EcoPro Co., the country’s leading electric vehicle battery materials producer, have teamed up to advance their technology and build a global network for the electric vehicle battery recycling business.The two companies said on Monday they signed a memorandum of understanding on business cooperation late last month. Under the initial agreement, the partners cooperate across businesses, including recycling process automation and building a supply chain management system for used batteries.Hyundai Glovis handles vehicles made by Hyundai Motor Group’s two automaking units – Hyundai Motor Co. and Kia Corp.…

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Finland-based Fortum Battery Recycling has entered into a preliminary agreement and signed a memorandum of understanding with Marubeni Corporation to jointly build a sustainable lithium-ion battery recycling chain, focusing on graphite recycling. Marubeni will support Fortum in supplying in-process waste materials and process chemicals, and also seek the possibility of graphite and lithium recycling technologies, to develop a recycling value chain to meet the market demand. Both companies will continue to explore other potential business opportunities and promote sustainable growth in the clean energy field.“We are very excited to be cooperating with Marubeni to explore potential business opportunities within graphite recycling.…

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Rystad a research-based organization recently released a report highlighting the growth in the Asia Pacific (APAC) region in the carbon capture and storage (CCS) sector. Asian countries are intensifying their decarbonization efforts, despite challenges for several countries in the region, such as unsuitable geological conditions for carbon capture, utilization, and storage (CCUS). Rystad Energy’s research highlights Australia, Malaysia, and Indonesia as emerging hubs in the APAC region. These technologies are. carbon dioxide (CO2) storage potential in their depleted oil and gas reservoirs and stricter environmental regulations, despite recent improvements and updates in policy. The region attracts a substantial portion of…

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