Eurus Energy Holdings Corporation has achieved a significant milestone in Japan’s renewable energy landscape with the successful commencement of operations at the Kabaoka Wind Farm. The project is located in Wakkanai City, Hokkaido. This wind farm is developed by the group subsidiary Dohoku Wind Farm LLC, boasts a capacity of 42 megawatts (MW). The project, which officially began operations on February 5, 2024, represents a pivotal addition to the Dohoku Wind Power Generation Project, augmenting a series of successful wind farms including Hamasato, Kawaminami, and Kawanishi. Its feature includes ten wind turbines, each with an impressive output of 4.2 MW and…
Author: Rashida
Basic Energy Corporation and Japan’s Renova have announced a collaboration for the development of the Mabini Wind Energy Project in the Philippines, with a capacity of 50 megawatts (MW). This partnership was finalised through a memorandum of understanding signifying the initial and definitive step towards a Joint Development and Shareholders Agreement between Basic Energy’s subsidiary, Mabini Energy Corporation, and Renova. The Mabini Wind Energy Project, covered by the Wind Energy Service Contract granted by the Philippines’ Department of Energy in 2021, indicates a major step towards advancing renewable energy initiatives in the region. This project aims to harness the abundant…
The PetroVietNam Technical Service Corporation (PTSC) has put forth plans to establish a renewable energy centre in Ba Rịa – Vung Tàu Province, aiming to bolster Vietnam’s movement towards the realm of renewable energy. According to Le Mạnh Cuong, Director-general of PTSC, since 2021, the corporation has diversified its focus to include offshore renewable energy as one of its key business domains. PTSC has attained and sustained most of the certifications for the oil, gas, and renewable energy services sector. As per the firm, PTSC offers a wide array of services to the offshore renewable energy sector, with the exception…
CATL, a leading Lithium battery company based in China, is venturing into the renewable energy domain by establishing new subsidiaries focused on wind and photovoltaic power stations. The firm is also focusing on managing carbon assets. According to reports from the Chinese company profile platform Tinyancha, CATL has launched a subsidiary named ‘Times Carbon Asset Management’. This new entity operates under the ownership of Times Green Energy, another CATL subsidiary dedicated to clean energy services and renewable energy projects. The primary mission of Times Carbon Asset Management is to delve into carbon management efforts, encompassing emission reduction strategies and advancing…
SN Aboitiz Power’s 24 MW Magat Battery Energy Storage Systems (BESS) have commenced commercial operations in the Philippines’ reserve market, boosting the nation’s energy infrastructure in the Philippines. As per reports, after the provisional authority granted on January 17th by the Energy Regulatory Commission, the project officially began its service on January 26th, playing a crucial role in bolstering the reliability and stability of the Luzon grid. The project is located alongside the Magat hydroelectric power plant in Ramon, Isabela. Isabela is the second-largest province of the Philippines. The BESS is strategically positioned to leverage synergies with existing energy infrastructure.…
The commencement of operations at the 150 MW solar projects in Sukkur, Pakistan, has marked a significant advancement in the country’s renewable energy landscape. These projects can produce approximately 300 gigawatt hours of electricity annually, and they are expected to contribute significantly to Pakistan’s energy needs. Under a 25-year USD-indexed power purchase agreement (PPA) with the Central Power Purchasing Agency of Pakistan, the projects assure a stable revenue stream, instilling confidence among investors and stakeholders. Scatec ASA’s collaboration with its local partner, Nizam Energy, underscores the synergy between international expertise and indigenous knowledge in driving sustainable energy solutions forward. The…
Swedfund’s recent contribution of $12 million to the Southeast Asia Clean Energy Fund II (SEACEF II) is a crucial step towards advancing the low-carbon transition in Southeast Asia. This investment aims to provide significant financial support to early-stage companies committed to driving the low-carbon agenda in countries heavily reliant on fossil fuels across the region. Southeast Asia faces significant challenges in achieving emission reduction targets due to its heavy dependence on fossil fuels. Furthermore,the renewable energy sector in the region has struggled to secure adequate funding, hindering the development of sustainable projects. Swedfund’s investment in SEACEF II is poised to accelerate the…
The shortage of qualified workforce and the absence of a proper regulatory framework for renewable energy systems within semiconductor supply chains are few of the hurdles identified by Jose Fernandez,the United States Under Secretary for Economic Growth, Energy, and the Environment, for the US companies interested in investing in Vietnam’s semiconductor industry. He revealed this during his recent visit to Vietnam to advance the implementation of the Comprehensive Strategic Partnership between the US and Vietnam. Fernandez highlighted the significance of diversifying semiconductor supply chains, noting Vietnam’s inclusion among the seven countries receiving funding from the International Technology Security and Innovation…
Basic Energy Corp. and Japan’s Renova Inc. are in the final stages of negotiating a memorandum of understanding (MOU) for the joint development of the Mabini wind project in Batangas (Philippines). This was disclosed by Basic in a statement to the stock exchange. As per the firm, the proposed MOU with Renova signifies a significant step towards establishing a joint development shareholders’ agreement for the Mabini wind energy project. This project, slated to be a 50-megawatt (MW) endeavor, encompasses approximately 4,860 hectares in the Mabini Peninsula of Batangas. Previously, Basic Energy Corp. engaged in non-disclosure agreements with various entities after conducting…
Singapore’s YTL PowerSeraya has secured an order from the Energy Market Authority (EMA) to develop a 600-megawatt hydrogen-ready Combined Cycle Gas Turbine (CCGT) unit. This decision follows a request for a proposal issued by EMA in July 2023 to fortify Singapore’s energy security. As per the reports, EMA received four proposals for the construction of a new CCGT unit, which is slated for commissioning by the end of 2027. According to EMA Chief Executive Ngiam Shih Chun, entrusting YTL PowerSeraya with the construction, ownership, and operation of this new power plant will enhance the reliability and security of Singapore’s power system.…