The Bugallon Solar Power Project, located in Pangasinan, Philippines, has secured financing and begun construction. The project is a joint venture between Vena Energy and MGen Renewable Energy Inc. It has a planned capacity of 550 megawatts (MW). The project is partly financed through a $325 million Green Loan facility. Security Bank Corporation, Rizal Commercial Banking Corporation (RCBC), and Philippine National Bank (PNB) are the lenders and hedging banks for the loan. SB Capital Investment Corporation, RCBC Capital Corporation, and PNB Capital and Investment Corporation are the lead arrangers, while RCBC acts as the green loan coordinator. Construction of the…
Author: Lakshita Kapoor
JERA Co., Ltd. and East Japan Railway Company (JR East) have entered into an agreement to introduce a corporate power purchasing model focused on renewable energy. This arrangement will enable JR East to source electricity generated offsite from clean energy facilities. The initiative is designed to provide renewable power to JR East’s commercial operations, starting from February 1, 2025. Under the agreement, JERA will supply solar energy through its subsidiary, JERA Cross Inc., which will act as the aggregator. East Japan Railway Trading Co., Ltd., a JR East subsidiary, will retail this electricity to Atre Oimachi and Lumine Yokohama, two…
The Asian Development Bank (ADB) has agreed to provide $92.6 million in funding to PT Supreme Energy Muara Laboh (SEML) to expand geothermal energy production in Indonesia. The project, located at Muara Laboh in West Sumatra, will include the development of a new geothermal power plant. Once completed, the plant is expected to have a generation capacity of approximately 83 megawatts (MW). The funding package is made up of contributions from various sources. ADB is supplying $38.8 million from its regular financial resources. Another $38.8 million is coming through a syndicated loan from Sumitomo Mitsui Banking Corporation, with ADB serving…
Malaysia and Japan are strengthening their energy cooperation with a focus on hydrogen energy development. This was announced during Japanese Prime Minister Shigeru Ishiba’s recent visit to Malaysia. Malaysian Prime Minister Anwar Ibrahim confirmed that Japan has agreed to support Malaysian energy firms Petros and Petronas in advancing hydrogen energy projects. The Malaysian leader stated that both countries aim to expedite this collaboration. A potential timeline for further discussions was suggested for May 2025, to take place in either Tokyo or Kuala Lumpur. The partnership will also include joint efforts in carbon dioxide capture and storage, ammonia-based power generation, power…
Sabah Electricity (SE) has launched two renewable energy projects in the state of Sabah, Malaysia. These initiatives aim to support the region’s energy transition by increasing the use of solar power and energy storage technologies. The first project is a 15-megawatt alternating current (MWac) Large-Scale Solar Photovoltaic (LSSPV) installation in Kampung Langkon, Kota Marudu. The Energy Commission of Sabah (ECoS) offered SE the opportunity to develop this project, which was formalized through a Letter of Notification. SE is working on the project in partnership with TNB Renewables Sdn Bhd (TRe). Once operational, the solar facility will supply renewable energy to…
Eurus Energy and GE Vernova’s Onshore Wind business are collaborating on the development of two wind farms in Aomori Prefecture, Japan. The projects, named Iwaya and Shitsukari, will be located near Higashidori in northern Japan. The wind farms will use a total of 14 wind turbine units supplied by GE Vernova. According to Eurus, the projects are scheduled to become operational in 2028. Once completed, the wind farms are expected to contribute to Japan’s renewable energy goals. These goals are part of the Ministry of Economy, Trade, and Industry’s 6th National Electricity Mix, which aims to increase the share of…
MSpectrum, Inc., a subsidiary of Manila Electric Company (Meralco), has completed the installation of a rooftop solar facility for General Trias Water Corporation (GTWC) in Cavite, Philippines. The project has a capacity of 33 kilowatt-peak (kWp) and is expected to produce around 45,350 kilowatt-hours (kWh) of electricity annually. This solar energy will power GTWC’s water pumps, making it the first water utility in the area to adopt solar energy for its operations. In addition to supplying renewable energy, the project is expected to bring environmental benefits. MSpectrum estimates that the facility will reduce carbon emissions by 32.3 metric tonnes annually.…
CHN Energy, China has connected its 400-megawatt (MW) solar-hydrogen-storage project in Rudong County to the power grid as of December 31, 2024. The facility, located on tidal flats in the Yudong Reclamation Area, is China’s first offshore site integrating solar energy production, hydrogen generation, and storage technologies. This large-scale project covers an area of 287 hectares and includes several advanced components. Among them are a 220-kilovolt onshore booster station, a 60 MW/120 megawatt-hour energy storage unit, and a hydrogen facility capable of producing 1,500 cubic meters of hydrogen per hour. The hydrogen station can also refuel up to 500 kilograms…
South Korea is advancing its renewable energy initiatives with a focus on hydrogen production from biogas. A new commercial agreement has been signed between Utility, a U.S.-based company specializing in eXERO™ gas production technology, and GH EnA, a Korean engineering firm. The agreement supports South Korea’s Hydrogen Economy Roadmap, which emphasizes biogas and hydrogen as tools for achieving carbon neutrality and reducing reliance on imported fossil fuels. The agreement includes projects to deploy Utility’s H2Gen® reactors in several South Korean locations, including Chuncheon, Taebaek, Hongcheon, Sokcho, Yangyang, Goseong, and Inje. These hydrogen plants will convert biogas into carbon-negative hydrogen for…
Toshiba Energy Systems & Solutions Corporation (Toshiba) has announced that it will supply a steam turbine and generator for the Patuha Geothermal Power Plant Unit 2 in West Java, Indonesia. The order was placed by PT Inti Karya Persada Tehnik (IKPT), a subsidiary of Toyo Engineering Corporation and the EPC contractor for the project. The Patuha Geothermal Power Plant is owned and operated by PT Geo Dipa Energi, an Indonesian state-owned company. The new unit, scheduled to begin operations in 2027, will have a generating capacity of 60.3 megawatts (MW). Once completed, this expansion will double the power generation capacity…