France-based TotalEnergies has signed a deal with Petronas and Mitsui to develop a carbon storage project in Southeast Asia. As per the deal, the partners will evaluate several CO2 storage sites in the Malay Basin, including both saline aquifers and depleted offshore fields. The firms will focus on developing a CO2 merchant storage service to decarbonise for industrial customers in Asia. The agreement was signed by Patrick Pouyanné, Chairman and CEO of TotalEnergies, Tan Sri Tengku Muhammad Taufik, President and Group CEO of Petronas, and Toru Matsui, Senior Executive Managing Officer of Mitsui & Co., on the opening day of…
Author: Saur News Bureau
TotalEnergies has entered into a strategic collaboration agreement with Malaysia’s Gentari Renewables Sdn Bhd, the clean energy solutions firm of Petronas. The partnership aims at developing renewable energy projects in the Asia Pacific region. The agreement was signed during the Energy Asia Conference in Kuala Lumpur by Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables, and Sushil Purohit, Chief Executive Officer of Gentari, in the presence of Patrick Pouyanné, Chairman and CEO of TotalEnergies and Tan Sri Tengku Muhammad Taufik, Gentari Chairman as well as Petronas President and Group CEO. As per the agreement, TotalEnergies…
The South Korean tech giant LG Electronics has joined RE 100 Climate group, which is the global corporate renewable energy initiative committed to 100% renewable electricity by 2040. LG has pledged to transition its entire operations to 100% renewable energy by 2050 with short-term targets of 60 percent by 2030 and 90 percent by 2040. Further,the company plans to expand its renewable energy sources by installing high-efficiency solar panels at its facilities. Among its ongoing eco-initiatives it is constructing a solar power station in Changwon’s LG Smart Park together with the regional energy provider GS EPS, scheduled to be completed…
Japan-based Shizen Energy Inc., dealing in building, financing and managing renewable energy plants along with Thailand’s Constant Energy, a renewable electricity generation and storage investment platform, have signed a long-term power purchase agreement (PPA) with Molten (Thailand) Co. Ltd, to build a roof-mounted solar power generation facility with a capacity of 999 kWp (DC). Molten (Thailand) Co. Ltd is a local subsidiary of Japan based Molten Corporation that manufacturers sports equipment. As per the deal,an industrial-type roof-mounted solar power plant will be installed on a total area of 4,738 ㎡ on Molten (Thailand)’s factory site located in Sriracha, Chonburi Province.…
Oman Power and Water Procurement Company (OPWP) will devleop 500 MW solar plant in the Manah region of the sultanate in collaboration with South Korean group KOWEPO (Korea Western Power). As per the agreement, the Manah 1 solar power project will be developed by KOWEPO and its French partner EDFR at an investment of 600 billion won ($452 million), while Manah 2 will be built by Jinko Power from China and Sembcorp from Singapore. The project was awarded by OPWP in two separate orders in 2019- Manah 1 (500 MW) and Manah 2 (500 MW).Once completed, it will be the…
To develop and accelerate renewable energy in Indonesia, state electricity firm PT PLN (Persero) has collaborated with Chinese engineering, procurement, and construction (EPC) company, China Communications Construction Dredging Co., Ltd (CCCC), in Beijing. As per the deal, there are plans to expedite the development of renewable energy plants and to work towards the development of energy transition cooperation with Indonesia. The firm stated that PLN is expediting the development of renewable energy power plants. These include the development of a hydroelectric power plant, solar power plant, wind power generator, and pumped storage power plant too in Indonesia. With this co-operation,…
Chinese firm Mingyang Smart Energy has tied up with Unison Ltd., a South Korean wind turbine manufacturer and wind power company in Zhongshan, Guangdong. As per this localisation co-operation agreement, Mingyang will invest 400 billion Korean won, approximately 2 billion RMB, to promote its business in the domestic and international markets. The agreement was signed between Zhang Qiying, President and Chief Technology Officer of Mingyang Smart Energy, and Park Won-seo, CEO of Unison, while Zhang Chuanwei, Mingyang Smart Energy’s Chairman and CEO, was also present at the meeting. Mingyang will carry out various forms of localization cooperation with Unison, which…
VinFast, Vietnam’s EV manufacturer is expecting a tremendous boom in its EVs sales with an estimation of around 50,000 electric vehicles (EVs) to be sold this year. This is almost a sevenfold increase over 2022 with its export ramping up for North America and shipment beginning for Europe. This was disclosed by the firm during the AGM (Annual General Meeting). Speaking at the AGM, Pham Nhat Vuong, Chairman of the country’s largest conglomerate Vingroup and Founder of its auto unit VinFast, said, “We could hit break even as soon as the end of 2024 if things go as planned.” Vuong…
Chinese wind turbine maker Mingyang Smart Energy Group Limited has announced that it has secured a 306-MW order from Singaporean renewable energy company Vena Energy for two onshore wind projects in Philippines. Mingyang said that the two onshore wind projects are the 212.5-MW Talim and 93.75-MW Sembrano. Mingyang also informed that the wind projects will be located in the Province of Rizal and will be the country’s largest onshore wind projects and will feature Chinese wind turbines for the first time. The order includes the supply, transportation, installation and commissioning of 49 MySE 6.25-172 wind turbines of Mingyang as well…
Manila-based SunAsia Energy Inc. and Singapore-based Blueleaf Energy have partnered together to invest ~$1.7 billion in the development of 1.3 gigawatt-peak floating solar projects in the Philppines. The two firms have been awarded solar energy operating contracts from the Department of Energy (DOE), Philippines. The firms will be building rge-scale floating solar projects with a combined capacity of 610.5 MW for construction. With this, the Department of Energy (DoE) has issued the first set of Solar Energy Operating Contracts (SEOCs) for a total of 1.3 GW in floating solar projects. Speaking on the contract turnover ceremonies, Energy Secretary Raphael Lotilla…