Namibia is making strides in renewable energy with a new solar power project. The state-owned utility, NamPower, has signed a major contract with a Chinese joint venture for a 100-megawatt solar power plant at Rosh Pinah. The joint venture includes China Jiangxi International Economic and Technical Cooperation Co., Ltd. and China New Energy Development (Zhejiang) Co., Ltd. The deal is worth over 1.4 billion Namibian dollars, which is about 78 million U.S. dollars. This project highlights the significance of renewable power and sustainability in Namibia. It aims to improve the country’s electricity security and push forth its sustainability goals. Kahenge…
Author: Lakshita Kapoor
Singapore is set to import 1.4 gigawatts (GW) of electricity from two new solar power projects in Indonesia, according to Senior Minister Teo Chee Hean. This move is part of Singapore’s strategy to boost its low-carbon energy supply. The new agreement adds to an earlier deal for 2 GW of solar power from Indonesia. The projects will deliver clean electricity generated by solar panels and battery storage systems. This deal helps Indonesia transition from being a coal and natural gas exporter to a renewable energy exporter. Indonesian Senior Minister Luhut Pandjaitan highlighted that this collaboration is a key step in…
Solarvest Holdings Berhad, Malaysia’s largest clean energy firm, has secured a RM113 million Engineering, Procurement, Construction, and Commissioning (EPCC) contract from P Solar Sdn Bhd. This deal is part of the Corporate Green Power Programme (CGPP). The contract involves developing a 45-megawatt peak (MWp) solar farm in Mukim Pekan, Pahang. Once completed by the end of 2025, the solar farm will generate approximately 57,500 megawatt-hours (MWh) of clean energy each year. This output will help offset around 36,800 tonnes of CO2 emissions annually. The solar farm will cover 88 acres of repurposed coastal land. It will feature monsoon-resistant design elements…
Hygreen Energy, a leading global manufacturer of electrolyzers and hydrogen technology, is set to make a significant mark on Europe’s renewable energy landscape with its latest expansion plans. The company will invest over 2 billion euros in Spain, focusing on establishing a new electrolyzer manufacturing plant, advancing its technology, and developing large-scale green hydrogen production facilities. The centerpiece of Hygreen’s expansion is a new electrolyzer production factory in Malaga. This facility will initially produce 5-megawatt electrolyzers, which meet European standards and have the potential to scale up to 5 gigawatts, depending on market demand. These electrolyzers are essential for splitting…
French oil giant TotalEnergies and India’s Adani Green Energy are moving ahead with their new joint venture. On Monday, Adani Green’s board approved a deal where TotalEnergies will invest $444 million. This investment is a jump from the $300 million previously announced in September 2023. The deal will give TotalEnergies direct ownership of wind and solar farms managed by Adani Green in India. TotalEnergies is a major player in the global oil and gas industry. Based in Paris, the company is focusing on expanding its renewable energy portfolio. TotalEnergies aims to have 45 gigawatts of renewable energy capacity by 2030.…
South Korea is enhancing its clean energy efforts through a new agreement with Western Australia. On Monday, Trade Minister Cheong In-kyo and Western Australian Premier Roger Cook signed a memorandum of understanding (MoU) in Perth. This event marked the 10th anniversary of their bilateral free trade agreement (FTA). The MoU focuses on expanding cooperation in the clean energy sector and the supply chain for essential minerals. South Korea’s Ministry of Trade, Industry, and Energy highlighted the importance of this deal. Western Australia is rich in critical minerals and has significant solar and wind resources, making it a key partner in…
PetroChina is making a significant move towards clean energy. The company has announced it will spend 5.979 billion yuan (US$839 million) to purchase CNPC Electric Energy from its parent company, China National Petroleum Corporation (CNPC). This deal will help PetroChina expand its business to include electricity, thermal energy, and hydrogen, alongside its traditional focus on oil and gas. The acquisition will support PetroChina’s goal of transitioning to greener energy. According to Huang Yongzhang, PetroChina’s president, the company aims to enhance its new energy business and develop a platform for trading power. PetroChina’s investments in wind and solar power are already…
China is set to make major changes in its energy sector. The country plans to increase investments by 25% by 2027 compared to 2023 levels. This push is outlined in a new document from the National Development and Reform Commission and the National Energy Administration. The plan focuses on seven key areas: thermal power, electricity transmission and distribution, wind power, and photovoltaics. It aims to improve energy efficiency and foster technological advancements in these sectors. Wang Weiquan from the China Energy Research Society highlighted that this shift is from “quantity” to “quality” development. Part of the plan involves recycling outdated…
In the fight against climate change, the construction industry has a crucial role to play. Malaysia Steel Works (KL) Bhd, also known as Masteel, is leading the way in making steel production more environmentally friendly. Masteel recently received major recognition at the ESG Positive Impact Awards 2023. The company won the “Most Outstanding ESG Initiative of the Year” and the “Gold Award in Supply Chain Management,” showing its strong commitment to environmental and social governance (ESG). The steel industry is known for its high carbon emissions, but Masteel is working to change that. With modern induction furnaces and the use…
Vietnam’s renewable energy goals have hit a roadblock with the recent decision by Norway’s Equinor to withdraw from its offshore wind projects in the country. This move comes as a significant setback for Vietnam’s plans to develop its green energy sector. Equinor, a state-controlled energy giant, has announced it will close its Hanoi office and cease its business development in Vietnam. This marks the first time the company has shut down an international office focused on offshore wind, following its global shift towards renewables and low-carbon systems. Equinor’s exit follows a similar move by Danish firm Orsted, which also paused…