China will donate solar panels to Lebanon to support its solar energy generation project at telecommunication centers. This was disclosed by Chinese Ambassador to Lebanon Qian Minjian, recently. He revealed this plan after meeting with Lebanese Prime Minister Najib Mikati and President of the Lebanese Council for Development and Reconstruction Nabil Al-Jisr. “The project is expected to cover around 358 centers of Lebanon’s state-owned telecoms operator, Ogero, benefiting over half of Ogero’s total stations across the country,” said Al-Jisr. “We are in dialogue with the Chinese side on the following stages of this project while also discussing new future cooperative projects between the…
Author: Rashida
Effective from 1st January 2024 to 31st December 2026, the GITA (Green Investment Tax Allowance) Project for Own Consumption will be merged with the GITA Asset and will fall under the purview of the Malaysian Green Technology and Climate Change Corporation (MGTC). Hence, all new applications for GITA Asset for own consumption to be submitted to MGTC within the stipulated timeframe. As per the Malaysian government website, the application period for the Green Investment Tax Allowance (GITA) Project for business purposes and Green Income Tax Exemption (GITE) for Solar Leasing incentives has been extended until 31st December 2026. Dwelling on…
To boost the renewables in the country, Thailand’s Industry Ministry is set to recalibrate incentive packages for organizations as part of the RE100 global renewable energy initiative. It is expected to allure more investors and facilitate new investment within the nation. RE100, a worldwide initiative comprising hundreds of companies, is committed to 100% renewable energy usage. “This aligns with Thailand’s ambitions of reducing carbon dioxide emissions and constructing a low-carbon society by 2050,” said Industry Ministry chief Pimphattra Wichaikul. As per reports, the authorities will deliberate on bolstering RE100 in Thailand since Thai and foreign investors have expressed interest in…
The year 2023 has witnessed the fastest global growth rate of renewable energy (RE) in over twenty years. As per the latest report from the International Energy Agency (IEA), China’s extraordinary acceleration in renewable energy capacity propelled the global growth rate of RE. The report said, “China’s solar PV (photovoltaic) deployment in 2023 increased by 116%, matching the global total of 2022, while its wind power installations increased by 66% compared to the previous year. The world’s annual additions to renewable electricity generation capacity soared by nearly 50%, reaching approximately 510 gigawatts (GW) – marking the 22nd consecutive year of setting new records…
The Philippines is moving successfully in achieving its goal to boost its share of renewable energy (RE) in its generation mix, but could be “more aggressive” in its targets. This was disclosed by a climate and clean energy expert. Ramnath Iyer from the research team of Climate & Renewable Energy Finance for Asia at the Institute for Energy Economics and Financial Analysis (IEEFA), said, “ It must be pointed out that the Philippines is abundant in resources and would do well to drive policies that further encourage investors, particularly from the “vibrant” private sector, said Iyer said the Philippine government has taken significant…
In a move toward sustainability, the rooftop of the Ilocos Norte capitol building is currently undergoing the installation of solar panels. With this, it aims to achieve long-term cost savings on electricity. It is estimated to cost around PHP45 million, which will be invested by the National Electrification Administration (NEA). Cipriano Martinez. the acting General Manager of Ilocos Norte Electric Cooperative, Inc. (INEC), mentioned that the installation began in December and is expected to conclude soon. INEC has also been assigned to install solar panels in public hospitals and schools. “Once operational, the solar power project is projected to reach a capacity of 470 kilowatts, significantly reducing the…
China’s exports of rare earths in 2023 has risen 7.3 per cent from the prior year, as per the customs data. The factors driving its boost include competitive prices and growing overseas demand from electric vehicle makers and other high-tech sectors. As per reports, China has shipped 52,307 metric tons of the minerals abroad last year, the highest since 2018, as per the data from the General Administration of Customs. Further, demand for rare earths is driven by the rapid development of new energy vehicles, wind power and inverter air conditioners, as per the analysts. It may be noted that last year, China introduced restrictions on exports…
In order to tap demand for increased renewable energy production in urban areas, Japanese chemical company Kaneka plans to triple its annual production capacity of solar panels that are integrated into the sides of buildings by 2030. The firm informed that it has developed its building-integrated photovoltaics with major construction company Taisei. “The panels, which can be used in the place of windows or as exterior wall materials, consist of high-performance solar cells developed in-house that are sandwiched between panes of glass,”said the firm. Kaneka has plans to boost the production capacity of its existing factory in Toyooka, Hyogo prefecture, in stages, and is…
Dohoku Wind Farm LLC, a group company of Eurus Energy, has completed construction of the north section with the capacity of 68.8 MW of the “Ashikawa Wind Farm” having a total capacity of 128.8 MW in Toyotomi Town, Hokkaido. When the south section is completed, the “Ashikawa Wind Farm” will be Japan’s largest onshore wind farm, as stated by the firm. The Wind Farm is a part of the “Dohoku Wind Power Generation Project”, which will install a total of 107 wind turbines at a total of six wind farms in the northern Hokkaido area. “While northern Hokkaido is one…
ACEN Corp. and Barito Renewables have acquired three late-stage wind development assets in Indonesia. Having a combined potential capacity of 320 megawatts, the projects are located in South Sulawesi, Sukabumi, and Lombok provinces. Barito Wind owns a 51% stake in the projects, while ACEN HK owns the remaining 49%. The renewable energy unit of ACEN Corp. and Barito Renewables have completed the acquisition of wind projects under development in Indonesia. It may be noted that last Dec. 15, ACEN HK and PT Barito signed a sale and purchase agreement (SPA) with UPC Renewables Asia Pacific Holdings for the acquisition of…