Cypark Resources Bhd (CYPARK), a waste management and renewable energy company based in Malaysia, has signed a memorandum of agreement (MOA) with Melaka Corp (MCORP) and Jakel Capital to develop energy solutions for the German Technology Park (GTP) in Melaka. GTP is expected to generate 1,000 MW of solar power over the next decade. Data centers will also occupy part of the park. Part of the solar energy expertise of Cypark will be availed when the sustainable sources of power are needed by the park. Speaking of the importance of the partnership for the role of Cypark in renewable energy…
Author: Lakshita Kapoor
Nobuhiko Murakami, Chairman of the Toyota Tsusho Corporation Group, met with Prime Minister Kamel Madouri at the Government Palace in the Kasbah. During the meeting, Murakami expressed the Japanese group’s commitment to launching new renewable energy projects in Tunisia. Murakami highlighted the support provided by Tunisian authorities, which has helped Toyota Tsusho develop its activities and successfully implement existing projects in the country. The upcoming renewable energy projects are part of the company’s plan to expand in the clean energy sector. Prime Minister Kamel Madouri reaffirmed Tunisia’s objective to create a favorable investment climate for both domestic and international investors.…
Dongfang Electric Corporation on Saturday unveiled an off shore wind turbine project of 26 MW in Fuqing, Fujian. The wind project is the largest of its kind in the world, with hub height at 185 meters and the longest rotor diameter in the world. It can produce up to 100 million kilowatt-hours of electricity in a year, with an average speed of 10 meters per second. An amount of electricity of this size can be fully used for electricity in 55,000 households every year. In totality, function of this turbine will save more than 30,000 tons of standard coal and…
China’s Huasun Energy signed a deal with Malaysia’s largest solar power developer ITRAMAS Corporation Sdn.Bhd.to develop 1.5 GW solar projects in Malaysia. It announced the pact at the International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) 2024. The Memorandum of Understanding (MoU) was signed between Huasun and ITRAMAS in the presence of YB Tuan Mohd Rafizi Bin Ramli, Minister of Economic Affairs of Malaysia. As per the agreement, from 2025, Huasun will supply megascale solar plants with the state-of-the-art 700W+ heterojunction (HJT) solar modules to ITRAMAS. The partnership is expected to expand the supply chain of solar power…
Leader Energy Group Bhd, Malaysia, the wholly owned unit of HNG Capital Sdn Bhd, secured an investment amounting to more than US$100 million led by China-Asean Investment Cooperation Fund II (CAF II), sub-advised by ESR Group Ltd, a real asset manager in the Asia-Pacific region. Leader Energy has stated that the investment will see further expansion of the company’s renewable power generation and transmission portfolio across South-East Asia. The journey into renewable energy started in 2016, and since then, the company has become one of the region’s biggest players in the renewable energy sector. Leader Energy currently has an operating…
Under the state’s blueprint, Sarawak Energy will increase its renewable energy capacity to 15GW by 2035. The position made for the state would be a green energy powerhouse. The case, in this sense, would be for Sarawak to export sustainable power to neighboring countries such as Singapore and Indonesia. Premier of Sarawak, Tan Sri Abang Johari Openg, delivered these visions in a keynote speech during the Sarawak Future Forum. He emphasized Sarawak’s leadership in clean energy production, particularly through its existing hydropower capacity. Abang Johari highlighted green hydrogen as part of Sarawak’s clean energy strategy. Sarawak eyes to be one…
Seal Incorporated Berhad, Malaysia, said it intends to diversify its business activities in line with its strategic objective to include investments and related activities in renewable energy (RE) that includes the field of solar energy, the company said in a filing with Bursa Malaysia. Seal carries out operations mainly in property investment, building contracting, managing property development projects, and timber extraction and sales. Revenues experienced a decline for the past three financial years up to the year ending June 30, 2024. Mainly, the group’s performances during this period depended on property development and investment, which together accounted for about 86%…
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the Japan Bank for International Cooperation (JBIC) signed a $150 million credit agreement to finance renewable energy and power transmission projects in Vietnam. The deal supports Vietnam’s objective to obtain net-zero emissions by 2050. The ceremony to sign the agreement was held at headquarters of VPBank in Hà Nội. Japanese Ambassador to Vietnamese, Ito Naoki, JBIC’s Senior Executive Officer Ogawa Kazunori, VPBank’s General Director Nguyễn Đức Vinh and leaders from the two sides were present at the signing ceremony. JBIC is the government-owned financial institution focused on environmental protection and mitigation…
SEG Solar, a US-based solar photovoltaic (PV) module manufacturer, indicates that it has started construction of an integrated PV industrial park in the Central Java province of Indonesia. In the Kawasan Industri Terpadu Batang (KITB) region, this will be the largest integrated industrial park for solar PV manufacturing in the country. Ultimately, the facility will house an annual production capacity for silicon ingots, wafers, cells, and modules of 5 GW. The setup of 10 production lines for N-type cells will include the first phase of the project, with SEG expecting the output from these lines to reach 5GW annually by…
Chinese researchers now promise to have discovered a sustainable way to extract lithium from seawater using solar energy. Chinese researchers have found a promising method, and it looks more feasible in extracting lithium from seawater with solar energy instead of with more conventional means. It may solve the growing demand for lithium, thanks to car batteries and renewable energy storage. The element lithium is still primarily drawn from hard rock ores and natural brines, an energy-intensive process that also disrupts the environment. A new lithium extraction method from seawater powered by sunlight is now published in the journal “Science”, co-authored…