Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has recently implemented MEMR Regulation No. 2/2024, discontinuing net metering for rooftop PV installations. The net metering was initially introduced in November 2018 that permitted solar project owners to export surplus electricity to the grid managed by state utility PT PLN, thereby reducing their electricity expenses. The regulation underwent several enhancements since its inception. The latest policy revision, effective since Jan. 30, includes a provision ensuring that customers with rooftop solar systems installed before this date remain governed by the previous regulation for the ensuing 10 years. However, Marlistya Citraningrum, Program Manager at the Institute for…
Author: Rashida
The Asia Pacific (APAC) region is witnessing a remarkable decline in the cost of electricity generated from renewable sources, reaching an unprecedented low in 2023, according to the latest analysis by Wood Mackenzie. This significant reduction in the levelised cost of electricity (LCOE) for renewables is making them increasingly competitive against conventional low-cost coal power. The analysis attributes this decline primarily to a substantial reduction in capital costs for renewable power installations. As per the reports by Wood Mackenzie renewable energy costs in 2023 were reported to be 13% cheaper than conventional coal, and they are projected to be 32%…
VinFast, the Vietnamese electric vehicle manufacturer, has taken a significant step forward in its global expansion efforts by finalizing a dealer sales agreement with Bahwan Automobiles Trading LLC (BAT) to distribute electric vehicles in Oman. This pivotal agreement signifies VinFast’s strategic entry into the Middle East market, highlighting the company’s commitment to fostering sustainable mobility solutions worldwide. As per the agreement, BAT assumes the role of VinFast’s official dealer in Oman, tasked with spearheading the distribution and servicing of VinFast electric vehicles across the country. Within the course of 2024 to 2027, BAT aims to establish and operate a network of…
Vietnam has made a significant stride in the sector of renewable energy sector with the construction of its largest onshore wind turbine by diameter in the Vietnamese market to date. This also marks a momentous step towards sustainable power generation. To this end, Chinese onshore wind power equipment manufacturer, Electric Wind Power, a subsidiary of Shanghai Electric, has sealed a pivotal agreement to supply cutting-edge wind turbines for the Hai Anh Wind Farm Project in partnership with Hai Anh Wind Power Company, IPC Construction Joint Stock Company (IPC E&C), and Asia Industrial Technology Joint Stock Company (ACIT). The project is…
China based data centre firm, GDS, recently solidified a substantial 21-year Virtual Power Purchase Agreement (VPPA) with Cenergi SEA Berhad, a leading renewable energy firm based in Malaysia. As per the firm, this agreement operates within the framework of Malaysia’s Corporate Green Power Programme (CGPP), an initiative spearheaded by Suruhanjaya Tenaga, Malaysia’s Energy Commission. The CGPP program facilitates businesses’ involvement in VPPAs, contributing to the expansion of renewable energy projects throughout Malaysia. The CGPP initiative has allocated a significant quota of 800MW of solar energy generation capacity. Developers are eligible to apply for up to 30MW of capacity with a…
JinkoSolar Holding Co., Ltd., a leading global solar module manufacturer, has recently introduced its Neo Green panels, representing a significant leap in sustainable solar technology. These N-type TOPCon Tiger Neo panels are manufactured in facilities that have received the prestigious “Zero Carbon Factory” certification from TÜV Rheinland, underscoring JinkoSolar’s commitment to stringent environmental standards. Notably, JinkoSolar is the inaugural recipient in the industry of the “Zero Carbon Factory” certification across various stages of production, including Silicon Ingot Manufacturing, Silicon Wafer Cutting, Solar Cell Manufacturing, and Solar Module Manufacturing. This milestone reflects JinkoSolar’s dedication to fostering sustainability, innovation, and environmental stewardship…
Premier Datuk Patinggi Tan Sri Abang Johari Openg of Sarawak has outlined ambitious plans for the state to become a leader in renewable energy, particularly hydrogen production, by 2027. To this end, it is looking forward to collaborating with companies from South Korea, such as Lotte Chemical and Samsung Engineering. Sarawak aims to establish hydrogen production facilities to cater to both domestic needs and international export. Expressing optimism for next three years, he said, “By 2027, we will have a plant to produce hydrogen together with South Korean companies namely Lotte Chemical and Samsung Engineering, which have become offtakers to…
Singapore based renewable energy firm, Vena Energy has secured a $600 million sustainability-linked Revolving Credit Facility (RCF) marking a pivotal moment in their ongoing commitment to sustainable energy solutions. This five-year facility, specifically earmarked for sustainability initiatives, shows the company’s dedication to environmental preservation, fostering workplace diversity, and ensuring health and safety standards. The participation of esteemed financial institutions such as DBS Bank Ltd., MUFG Bank, Ltd., and Mizuho Bank, Ltd., among others, signals widespread recognition and endorsement from the financial sector for initiatives aimed at sustainability within the energy industry. Notably, the involvement of ING Bank and BNP Paribas…
Gentari Sdn Bhd, through its subsidiary Gentari Green Mobility Sdn Bhd, has launched Gentari Go, a customer experience platform aimed at providing an integrated sustainable lifestyle through its clean energy ecosystem. The platform, currently active in Malaysia, plans to expand to Southeast Asia and India in 2024. Gentari Go focuses on green mobility and renewable energy solutions, with an emphasis on making the transition to clean energy seamless for consumers. The platform offers an intuitive EV charging experience designed for the Asian market, featuring simple interfaces for first-time users and advanced features like the charging curve for seasoned users. It…
HEXA Renewables, in collaboration with Ciel & Terre Taiwan, has successfully completed the expansion phase of the floating solar project within the Changbin industrial zone. This significant addition, totaling approximately 192.3 megawatts-peak, further enhances the renewable energy landscape in the region. The project, known as Changbin #3 and #4 extensions, commenced construction in October 2022 and achieved commercial operation status by October 2023. The project is spread over 171 hectares of water surface area, these extensions represent a remarkable feat in harnessing solar energy amidst the dynamic coastal environment characterized by bi-daily tidal changes and occasional typhoons. Addressing the complexities…