Envision Energy has collaborated with BASF Process Catalysts to promote advancement in sustainable energy solutions. This would be achieved by integrating BASF’s SYNSPIRE catalyst technology with Envision Energy’s energy management system. With this, it is expected that the efficiency of generating e-methanol from green hydrogen and carbon dioxide would be greatly enhanced. This collaboration underscores the commitment of both companies toward driving the accelerated transition to green energy. As per the firm, Envision Energy’s track record in green technology, particularly its leadership in green hydrogen production, positions it as a key player in the global effort towards decarbonization. Their innovative…
Author: Rashida
Clime Capital, based in Singapore, is moving ahead with further investments following its successful backing of a dozen clean tech firms in Southeast Asia. With a focus on blended finance, the fund plans to make 27 additional investments in the coming years. Clime Capital has announced a substantial increase in its funding, supported by institutional investors and the World Bank, totaling at least US$127 million, up from just over US$20 million in its initial iteration four years ago. As per the firm, each investee now stands to receive loans of up to US$10 million, a tenfold increase from previous levels. Mason Wallick,…
VinFast, a subsidiary of the Vingroup conglomerate and the Vietnamese electric vehicle (EV) maker, has recently disclosed that it failed to meet its 2023 delivery goal. The firm had delivered just under 35,000 cars instead of the targeted 40,000 units. As per the firm, the shortfall is due to the sluggish adoption of EVs in certain regions, intense competition, and economic uncertainty. However, VinFast reported a notable 35% increase in deliveries during the last quarter of 2023 compared to the third quarter, reaching a total of 13,513 units. It may be noted that the firm introduced its sport utility vehicle…
Japan is inviting developers for two offshore wind projects, one situated in the Sea of Japan off Aomori prefecture, and the other off the coast of Yusa town in Yamagata prefecture, as announced by the Ministry of Land, Infrastructure, Transport, and Tourism. To this end, Japan is inviting tenders for the same. It may be noted that the tender is a part of Japan’s third offshore wind tender, where interested developers can submit proposals until July 19, with the winners set to be revealed in December. These two areas were earmarked for offshore wind park development in October, and the release of the tender follows a period…
In a move towards fostering sustainability in the pharmaceutical sector, a strategic collaboration has been formed between PT Ineco Solar Solutions (“Inecosolar”), a subsidiary of Yinson Renewables, and PT Finusolprima Farma Internasional (“Finusolprima”), a key entity of PT Kalbe Farma Tbk. The primary objective of this partnership is to implement an advanced 264 kWp rooftop solar photovoltaic (PV) system at Finusolprima’s factory in Bekasi, marking a pioneering move towards adopting clean energy. This strategic collaboration emphasizes Inecosolar’s position as a leading Energy as a Service (EaaS) provider and Finusolprima’s commitment to environmental stewardship. In an industry grappling with sustainability challenges, this…
Samaiden Group Berhad, a renewable energy firm, in collaboration with JS Solar Sdn Bhd and their subsidiary, Samaiden Sdn Bhd, have secured a substantial Engineering, Procurement, Construction, and Commissioning (EPCC) contract valued at RM100.00 million from NUR Renewables Sdn Bhd. This contract is for establishing a 50 megawatts (MWac) solar power plant at Kulim Hi-Tech Park (KHTP) in Kedah, Malaysia. NUR Renewables, a key player in Malaysia’s electricity generation, transmission, distribution, and retail, holds exclusive rights in KHTP, positioning it as the sole independent power utility in the region. The solar power plant’s primary objective is to provide green energy…
The latest report from Rystad Energy said Southeast Asia would account for 10% of the region’s total solar capacity by 2030, encompassing ground-mounted, rooftop and FPV installations. It said floating solar will likely play a critical role in the transition to clean energy in Southeast Asian countries like Thailand, the Philippines, and Indonesia. The Rystad Energy report highlighted a few points on the impact of floating solar on the overall clean energy capacities in Southeast Asia. Land Rights Challenges: Addressing land rights is a significant challenge for solar developers in Southeast Asia, where available land is often used for agricultural…
Thailand expects to witness significant increase in electric vehicle (EV) imports, with an estimated 175,000 units within two years. This was disclosed by the Ekniti Nitithanprapas, Director-General of the Excise Department. This comes as part of a four-year plan, EV3.5 (2024-27), which requires importers to establish a production base in the country from 2024-25 onwards, to replace imports with domestically produced EVs. As per the plan, it predicts a domestic production of between 350,000 and 525,000 EV units by 2027. The estimated subsidies provided under this scheme amount to 34 billion baht. Ekniti Nitithanprapas elaborated on the objectives of EV3.5, stating that the plan aims…
The Osaka-based electronics-maker – Panasonic plans to produce the upgraded electric vehicle battery cells with improved capacity sometime during 2024 or 2025. As per reports, the firm’s Chief Technology Officer Shoichiro Watanabe, for EV batteries, said, “Production of a revamped version of the company’s 2170 cells will begin at its manufacturing plant in Nevada.” He further pointed out that the firm can deliver quadruple production capacity by the 2030 fiscal year and need not rely completely on building a new factory or heavy investments to do so. “ Panasonic has been working to boost the energy density of the 2170 cell that could help reduce the overall cost of an electric vehicle,” he said. “We will expand battery…
Shams Power Limited, Pakistan’s leading solar energy developer and investor, has successfully received finds worth PKR 2 billion for the solar plants from Bank Alfalah with a partial credit guarantee covering 75 percent of the facility from GuarantCo, part of the Private Infrastructure Development Group (PIDG). The funds will support Shams Power for the construction of approximately 21 MW rooftop and ground-mounted solar plants at commercial, industrial, and institutional (e.g., university, hospital) sites across Pakistan to reach grid-connected users. As per the note, Bank Alfalah will provide Sham Power with the financing in the form of a 10-year term loan totalling PKR 2 billion that…