ACEN Renewables International Pte. Ltd. (ACRI), the energy firm under the Philippines Ayala group, has partnered with a Singapore-based company to develop solar projects in Taiwan to expand internationally and reach its renewable energy expansion target. In a stock filing recently, ACEN said its renewable energy unit, ACEN Renewables International Pte. Ltd. (ACRI), had signed a shareholders’ agreement with Silverwolf Capital Ltd. for the project through a joint venture platform called ACEN-Silverwolf Pte. Ltd. According to ACEN, the listed energy platform of the Ayala group, ACRI will invest around $2 million as working capital for the project. ACEN will have…
Author: Saur News Desk
In a new round of auctions for green energy projects, the Philippines will seek bids from renewable energy developers to install about 8 gigawatts (GW) of geothermal and hydropower supply. Informing of the auction, a government official said that the 8 GW or 8,000 megawatt (MW) target capacity represents the unsubscribed portion of the 11,600 MW of additional supply from solar, onshore wind, biomass and waste-to-energy resources, for which the Department of Energy had sought bids at an auction on July 3. The officials said that the developers had subscribed to about a third, or a total of 3,580.76 MW,…
BayWa r.e. Solar Trade, the solar trading arm of the global renewable energy developer, service provider and solar distributor, BayWa r.e., has surpassed a cumulative sale of 1 GW (gigawatt) of string inverters in Thailand for the first half year of 2023, making it a milestone for the region’s top global distributor. The 1 GW of string inverter sales is equivalent to 200,000 units of 5 kW (kilowatt) inverters, said the firm. BayWa r.e. Solar Trade entered Thailand in 2017, expanding to the Philippines in 2019 and later into Vietnam and Malaysia. Commemorating the milestone, Junrhey Castro, Managing Director, BayWa…
China Petroleum & Chemical Corporation completed the construction of the Sinopec Xinjiang Kuqa Green Hydrogen Pilot Project, a release from the company said. China’s largest photovoltaic green hydrogen production project lately is put into operation to produce an annual green hydrogen of 20,000 tons at full capacity, a significant breakthrough in China’s scaled industrial applications of green hydrogen. The green hydrogen produced by the project will supply to Sinopec Tahe Petrochemical to replace the existing natural gas and fossil energy used in hydrogen production, realizing the low-carbon development of modern oil processing and green hydrogen coupling. The project is China’s first large-scale…
Bangladesh-based two local garment exporters –Viyellatex Group & Comfit Composite Knit Ltd, a private Saudi Energy firm ACWA Power and State-run Bangladesh Power Development Board (BPDB) have ambitious plans to set up a jointly solar power plant with a generation capacity of 300 megawatts (MW), as per the local reports. Recently, the country inaugurated its biggest solar power plant that generates 200MW of electricity, built by Beximco Power Ltd in Sundarganj Upazila of Gaibandha with an investment of $300 million. It is reported that Viyellatex Group and Comfit Composite Knit Ltd will each own a 15 percent share and ACWA…
Singapore-headquartered solar developer, ib vogt APAC has won the award of a project under the Corporate Green Power Programme (“CGPP”) with Samsung SDI Energy Malaysia. In its statement, the firm said, “CGPP is a virtual power purchase programme implemented by the Energy Commission to enable corporates to procure and consume renewable energy for their sustainability goals.” Commenting on this, Samsung SDI said in a statement, “The PPA with ib vogt is a major step for Samsung SDI to meet their stated goal of reducing greenhouse gas emissions.” Through this project, ib vogt APAC will deliver 29.99 MW capacity of clean…
The Petrovietnam Technical Services Corporation (PTSC) and its Singaporean partner Sembcorp Utilities Pte Ltd will be carrying out the steps related to a project on developing offshore renewable energy in Vietnam and exporting clean electricity to Singapore. To this end, the firms have been granted a survey licence and a letter of content in the presence of Prime Ministers Phạm Minh Chính and Lee Hsien Loong, at a conference held in Hà Nội ,recently to promote investment cooperation projects between the two countries. PTSC, a member of the Vietnam Oil and Gas Group (Petrovietnam) was handed over a decision approving…
GreenYellow Cambodia has completed Phase I of the Bakheng Water Treatment Plant Solar Power project in Cambodia, boasting a capacity of 1.9MWp. In its statement, the firm said, “The Bakheng Water Treatment Plant is a pivotal water supply and treatment facility in Cambodia, capable of delivering up to 390,000 m3/day (Phase 1: 195,000 m3/day) to areas encompassing Phnom Penh City and Takmao Street at the border.” The 1.9 MWp project comprises 3,500 solar panels that will provide clean energy to the plant, which is expected to reduce carbon emissions significantly. Bakheng Water Treatment Plant is the biggest water supply and…
To ensure a just and systematic transition, the Malaysian government hopes to work closely with all parties in the renewable energy (RE) industry. The government’s Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said, “A new investment of approximately RM637 billion up until 2050 in RE is required, which includes investments in RE generation sources, strengthening of grid infrastructure including transmission lines enhancement, energy storage systems integration and grid system network operation augmentation. He opined that a robust and flexible grid is critical as the intended ramping up of RE will be very much solar-based. “Taking into account the…
Philippines Manila Electric Co. (Meralco) had exceeded its target renewable energy (RE) contracts with an equivalent capacity of 1,880 megawatts (MW) as part of its long-term sustainability strategy. This was disclosed recently in a press statement. The firm said, “It had breached its initial target of 1,500 MW of RE capacity from various suppliers in compliance with the government’s renewable portfolio standards (RPS) policy.” “Our just, orderly, and affordable transition to clean energy is at the core of our sustainability journey, and this commitment solidifies our drive to bring to life projects that will help serve the country’s growing energy…