The renewable energy penetration looks bullish in the South East Asia. The new evidence comes from the fact that the Asian Development Bank (ADB) has signed a transaction advisory services mandate with Cambodia’s national utility company Électricité du Cambodge (EDC) to support the development of 2 GW of solar power in Cambodia. According to a statement by ADB, the mandate will help the country achieve its goal of carbon neutrality by 2050. Under this mandate, ADB will help EDC conduct a nationwide study on opportunities for additional solar power capacity in combination with a Battery Energy Storage System (BESS), to…
Author: Saur News Bureau
Australian solar and storage developer Sun Cable, which has been in the limelight for its massive plans to export renewable power generated in Australia to Singapore through a trans ocean power line, has entered into an MoU with the Indonesian government now, to unlock more than $150 billion in green industry growth in the archipelago. The focus on South East Asia has been a constant for Sun Cable, besides it’s plans to get into green hydrogen manufacturing too. The MoU was signed at the G20/B20 summit in Bali by Sun Cable founder and CEO David Griffin and Indonesia’s minister for…
Indonesia is mulling over capitalising on its renewable energy potential and raising its share in the energy mix. Indonesia’s Coordinating Minister for Maritime Affairs and Investment, Luhut Pandjaitan, delivered a keynote in BNEF Summit in Bali and held that Indonesia will stand on its commitment to achieve net-zero emissions target by 2060. Pandjaitan mentioned that net zero target is achievable as Indonesia has new and renewable energy potential of 437 GW and the government is looking to develop the clean energy sources through PT PLN (Persero), a government-owned electricity firm. Pandjaitan further added, “Pak Darmawan (PLN President Director) mentioned and…
Singapore’s Nanyang Technological University is investing S$5.7 million to improve solar energy generation as part of the university’s commitment to combating climate change. More than 13,000 new solar photovoltaic (PV) panels will be installed as part of this program on the NTU Smart Campus. This will be added to the University’s current 19,000 solar panels, which were installed in 2015. These solar PV panels take in solar energy from the sun and transform it into electricity, which is utilized to run the NTU building and its facilities. By the time it is finished in the last quarter of 2023, the…
Saudi Arabia based developer, investor, and operator of power generation and green hydrogen plants, ACWA Power Company, has said that PT Perusahaan Listrik Negara (Persero) or PLN, Indonesia’s state-owned electricity utility, has chosen ACWA Power to develop two floating solar PV projects in Indonesia. ACWA Power said that this marks first foray into Indonesia, as well as the company’s first floating solar PV projects in its portfolio. Named the Saguling Floating Solar PV project and Singkarak Floating Solar PV Project, the facilities will have a capacity of 60MWac and 50MWac respectively and represent a combined investment value of $105million. ACWA…
The Philippines Department of Energy reports that the country’s renewable energy market will soon be fully open to foreign ownership. Officials from the DOE stated that after changes to the implementing rules and regulations (IRR) of the Renewable Energy Act are completed and signed, the agency wants the sector opened to 100 percent foreign ownership before the end of the month. The DOE Assistant Secretary Mylene Capongcol added, “So, before November concludes. The proposed changes to the Renewable Energy Act’s IRR were already made available for public feedback and consultation last month. The IRR amendment attempts to address the common…
Singapore’s Energy Market Authority (EMA) has said that the country has begun to import renewable energy from Laos through Thailand and Malaysia. The authority held that this is the first such transfer of RE into Singapore. In September 2021, a power purchase agreement (PPA) was signed between Keppel Electric of Singapore and Electricite du Laos (EDL), a state owned entity of Laos. It is under this PPA that the present transfer of renewable energy has taken place. The PPA holds that up to 100 MW of green and clean energy will reach Singapore from Laos. The transfer will take place…
The south-east Asian country of Laos is bullish on wind energy as it seeks to add to the country’s sustainability and strengthen the power export portfolio. In the latest development, the Laos Government and energy firms are looking to invest more than $2 billion for the development of wind energy of 1.2 GW in Lako area, Sepon District, Savannakhet Province. A memorandum of understanding (MoU) was signed between Laos’ Deputy Minister of Planning and Investment, Sathabandith Insisiengma, Savan Vayu Renewable Company and LTM Lao Company to examine if the wind power projects could be developed in the region. The companies…
The Ministry of Agriculture and Cooperative of Thailand has announced plans to install solar power panels on at least one million of farms as a pilot project. With this move, the Ministry is targeting to reduce electricity bills of farmers by 20-30 per cent in next 15-20 years. Deputy Agriculture Minister Praphat Phothasuthon says that Thailand, like other countries, is facing an energy crisis owing to rising fuel prices. Sri Lanka, another littoral in the Indian Ocean that counts on tourism revenues as a key inflow, already has an economic emergency declared in the country. The ministry will issue a…
Vietnam-headquartered Boviet Solar has signed a contract with a renewable energy provider to supply 255 MW of PV Modules for a utility-scale solar project in the United States. It has a 1.5 GW Monocrystalline PERC Cell & Module Manufacturing capacity. Boviet Solar makes monocrystalline wafer technology integrated with PERC, half-cut, multi-busbar, Monofacial, and Bifacial PV with large cell design, and strong manufactured modules. Since 2019, Boviet Solar’s modules have been on the top performance list of PVEL, and since 2017,it has been on the Tier 1 product title list given by BloombergNEF, claims the company. The developer picked PERC Monocrystalline…