BayWa r.e. has partnered with Swiss-based infrastructure investment manager SUSI Partners to deliver high-quality solar energy solutions to Southeast Asia. As per the statement, the two partners have signed a framework agreement to direct capital from SUSI Partner’s Southeast Asia-focused “Asia Energy Transition Fund” to the realisation of sizable rooftop PV projects contracted with larger C&I corporations. The primary markets will be Thailand, Malaysia, Vietnam, the Philippines and Indonesia. “This partnership centres on the end-to-end development, construction, and operation of PV projects with a capacity of up to 20 MWp, initiated through PPAs with established corporations. BayWa r.e. will handle…
Author: Saur News Desk
Japan’s shipping firm Mitsui OSK Lines (MOL) has invested in a floating wind technology start-up, TouchWind. TouchWind has developed the tilting-angled one-piece rotor wind turbine that is expected to reduce wind interference between wind turbines that tends to occur in large wind farms and improve overall wind farm power generation efficiency. As per the firm, its design enables the wind turbines to operate in strong winds, reduces the weight of the wind turbine and floating parts, and is expected to improve the utilisation rate and the economics of the wind turbine equipment through their lifecycle. The firm said that since…
Philippines-based Citicore Renewable Energy Corp. (CREC), the solar development vehicle of Citicore Renewable Energy Corporation, has signed a $100-million financing deal for faster roll out of solar projects in the Philippines with Singapore based Pentagreen Capital, a sustainable infrastructure debt financing partnership established by shareholders HSBC and Temasek. CREC said the landmark funding facility is organised by Pentagreen is a mezzanine construction green loan facility with an initial tranche commitment of $30 million for a portfolio of six solar power projects with capacity of 490 megawatts across Luzon in the Philippines. The solar projects includes the 36 MW Arayat 1…
In order to connect to more renewable power sources, state utility PLN plans to add 32 gigawatts of renewable energy capacity and invest in grids. Speaking during ASEAN Indo-Pacific Forum. its Chief Executive Darmawan Prasodjo, said, ”The plan is part of the company’s efforts to speed up adoption of renewable power and reduce reliance on coal, which is used to generate about half of Indonesia’s power output. PLN is revising its power supply master plan to incorporate more renewables.” Informing more about the plans, he said, “Under the current plan for 2021-2030, the company targeted expanding renewables-sourced power capacity by…
Pavilion Real Estate Investment Trust ( REIT) has signed a memorandum of understanding (MoU) with five renewable energy (RE) companies through its trustee, MTrustee Bhd. With this MoU, one of the largest retail concentrated REIT in Malaysia has plans to buy electricity generated by a solar power plant to be located in Pasir Mas, Mukim Apam, Kelantan, to power its malls, Pavilion KL, Pavilion Bukit Jalil, and Intermark in Malaysia. The plant is expected to be commercially operational in the third quarter of 2025, according to a stock exchange filing. MTrustee signed an agreement with a consortium consisting of reNIKOLA…
Yokogawa Electric Corporation’s subsidiary Yokogawa Australia will be supplying an energy management system (EMS) for the initial phase (“phase 0”) of the Yuri Green Hydrogen Project (hereafter, Yuri), from Monford Group Pty Ltd. The firm is constructing an industrial-scale renewable hydrogen production complex in Australia. As per the statement, the Yuri project is being undertaken in the Pilbara region of Western Australia by Yuri Operations Pty Ltd, a joint venture between ENGIE Renewables Australia Pty Ltd and Mitsui & Co., Ltd. A consortium consisting of the engineering, procurement, construction and commissioning (EPCC) companies Technip Energies and Monford Group Pty Ltd.…
As an additional source of energy and to reduce carbon footprint, the construction of a solar farm at Palm Concepcion Power Corp. (PCPC) has commenced in Concepcion town, Iloilo province in the Philippines. The commencement of the construction is part of the seventh anniversary of the commercial operations of Palm Concepcion Power Corp. (PCPC). PCPC is the operator of a 135-MW coal-fired power plant in Concepcion town. PCPC President and Chief Executive Officer Nicandro Fucoy said, “The solar facility is part of PCPC’s expansion into renewable energy. The solar farm can reduce carbon footprint and be an additional source of…
GoodWe, a firm that delves in solar inverter and energy storage solutions, hosted a ceremony, in Perak, to celebrate a significant milestone achieved in collaboration with two esteemed partners, M K Land Holdings Berhad (M K Land) and Solarvest Holdings Berhad. The partnership included the completion of a 10.95-megawatt (MW) large-scale solar photovoltaic (PV) plant in Perak, Malaysia. The ceremony was graced by esteemed guests, including representatives from local authorities and government bodies who played an instrumental role in supporting and facilitating this project. The project, a part of the fourth cycle of the Large-Scale Solar 4 (LSS4) scheme, exemplifies…
Multinational utility firm, ENGIE and Gamuda Land have signed a deal to collaborate on sustainable energy solutions for Gamuda Land’s townships in Malaysia. To this end, Thomas Baudlot, CEO Energy Solutions APAC and Country Head for Southeast Asia at ENGIE South East Asia and Gamuda Land CEO Chu Wai Lune have signed the MoU. Gamuda Land Chief Operating Officer (strategic operations) Jess Teng Poh Fern, and ENGIE Services Malaysia Managing Director Wong Yin Kee also attended the signing ceremony. Through this strategic partnership, ENGIE, which delves in in low-carbon energy and services and Gamuda Land Sdn Bhd, one of Malaysia’s…
In order to harness clean energy for the petroleum production process in the S1 Project, Thailand’s PTTEP has launched a 9.98-megawatt solar power project – Lan Sang Arun. The project is being operated by FutureTech Energy Ventures Company Limited (FTEV), a subsidiary of PTTEP is operating the project. With this it has become the first kind of project in Thailand where power from renewable energy sources is employed to support petroleum production activities. As per the firm, this will help reduce GHG emissions by approximately 13,000 tons of carbon dioxide equivalent per year, supporting PTTEP’s endeavor to achieve Net Zero…