Malaysia’s Kawan Renergy Bhd, a prominent player in the engineering solutions sector, marked a successful debut on the ACE Market with an optimistic outlook for the future. Targeting an impressive RM100 million in revenue for the year, the company’s Managing Director, Lim Thou Lai, emphasized the pivotal role of renewable energy (RE) in driving this growth. Lim highlighted the group’s strategic focus on acquiring high-yield job orders, which are expected to significantly boost gross profit margins, driving the company towards achieving its revenue targets. Despite challenges such as the impending fuel subsidy rationalization program, Kawan Renergy remains bullish on the…
Author: Lakshita Kapoor
In a recent event at the Laos-Australia Renewable Energy Day, stakeholders gathered to explore the promising prospects of renewable energy in Laos. Hosted by the Australian Embassy to Laos and facilitated by EnergyLab, Partnerships for Infrastructure, and AustCham, the event served as a platform to delve into the technological, economic, and societal dimensions of renewable energy transition. Director General Mr Chantho Milattanapheng from the Department of Energy Efficiency and Promotion, Ministry of Energy and Mines, highlighted Laos’ ambitious plans to embrace renewable energy sources such as wind, solar power, pumped hydro energy storage, and green hydrogen. The event featured insights…
Sarawak, Malaysia, is on a mission to boost its power generation capacity to 10 gigawatts (GW) by 2030, driven by the rising demand for clean energy from industries like those emerging in the Sarawak Energy Hub in Bintulu. The state plans to generate this electricity primarily from renewable sources such as hydropower, solar, gas turbines, and biomass energy, according to Sarawak Premier Tan Sri Abang Johari Tun Openg. State-owned Sarawak Energy Bhd (SEB) has witnessed a significant growth in its energy generation capacity, reaching 5,745 megawatts (MW) in 2023, with a focus on renewable hydropower supplemented by indigenous coal and…
Itochu Corporation (8001.T) announced an agreement on Friday, forging a long-term partnership with Google (GOOGL.O) to advance renewable energy initiatives in Japan. This strategic alliance underscores a pivotal moment in the country’s transition towards sustainable energy solutions. The essence of the agreement revolves around Itochu’s commitment to support Google in attaining its renewable energy goals within Japan. The cornerstone of this collaboration lies in Itochu’s portfolio company, Clean Energy Connect (CEC), which is poised to play a pivotal role in delivering renewable power to Google’s operations. According to the information unveiled by the Japanese trading house, CEC is slated to…
Abu Dhabi Future Energy Company PJSC – Masdar, a powerhouse in clean energy from the UAE, has taken steps in bolstering Indonesia’s renewable energy sector. At the 10th World Water Forum in Bali, Masdar inked strategic agreements, witnessed by His Excellency Suhail Mohamed Al Mazrouei, UAE’s Minister of Energy and Infrastructure, marking a pivotal moment in the collaboration between the two nations. Masdar’s partnerships, including an agreement with Pertamina Power Indonesia for solar, wind, and green hydrogen projects, reflect a shared commitment to sustainable development. The signing also included a Joint Development Study Agreement with PLN Nusantara Power to expand…
Abu Dhabi’s Mubadala Investment Company has taken a step towards advancing clean energy initiatives in Japan through a strategic investment in PAG’s Asia Pacific renewable energy platform. The cornerstone investment focuses on delivering solar power to corporations throughout Japan, aligning with the nation’s ambitious plans to install 108GW of solar capacity by 2030. Leveraging PAG’s extensive experience in the Japanese real estate sector and the expertise of its in-house renewable energy team, PAG REN I aims to operate across developed Asia Pacific economies with a primary focus on Japan. Hammad Rahman, head of Asia Pacific – traditional infrastructure at Mubadala,…
Tenaga Nasional Bhd (TNB) gears up for Regulatory Period 4 (RP4) 2025-2027 with substantial capital expenditure (capex) aimed at bolstering Malaysia’s energy transition and meeting the projected growth in electricity demand. Under the National Energy Transition Roadmap (NETR), TNB is spearheading three pivotal large-scale renewable energy and clean technology initiatives. These include centralised large-scale solar (LSS) parks, hybrid hydro floating solar (HHFS) arrays, and hydrogen and ammonia co-firing projects. With a goal of achieving over 3,000 megawatts (MW) of renewable-energy capacity by 2040, TNB plans to focus on deploying HHFS technology, with approximately 2,500MW, and establishing five different LSS parks…
China’s commitment to low-carbon development is not only reshaping its own economy but is also propelling a global shift towards sustainability. According to experts speaking at the China Economic Roundtable, hosted by Xinhua News Agency, China’s surge in new energy initiatives is not only meeting its green development targets but is also driving global momentum towards a cleaner future. In 2020, China pledged to peak its carbon dioxide emissions before 2030 and achieve carbon neutrality by 2060. Since then, the country has accelerated its efforts in renewable energy, industrial upgrades, and new energy vehicle (NEV) production. With its NEV fleet…
China has unveiled its pioneering sodium-ion battery energy storage station in Nanning, a move that could revolutionize the clean-energy industry. Located in the Guangxi autonomous region, this station boasts an initial storage capacity of 10 megawatt hours (MWh), with plans to expand to 100MWh. Once completed, it is projected to deliver 73,000MWh of renewable energy annually, meeting the needs of 35,000 households and slashing 50,000 tonnes of carbon dioxide emissions yearly. Compared to traditional lithium-ion batteries, the sodium-ion battery system exhibits superior energy conversion efficiency, surpassing 92%. This breakthrough promises enhanced performance and reliability for energy storage, crucial for scaling…
In a bid to reduce trade ties with China by hiking tariffs, the United States (US) has inadvertently fueled a surge in imports from Vietnam. This shift has significantly widened trade imbalances, with Vietnam now boasting a trade surplus with the U.S. amounting to approximately $105 billion, a staggering 2.5 times larger than in 2018 when tariffs curbs on Chinese goods were first imposed by the Trump administration. Data reviewed from various sources including the United Nations, U.S., Vietnam, and China, along with preliminary estimates from the World Bank and experts, confirm this burgeoning relationship. It reveals that Vietnam’s export…