Germany’s Augustus Global Investment has plans to invest $500 million in Indonesia’s Aceh province to build a green hydrogen plant next year. This was disclosed by its CEO Fadi Krikor recently during a press conference in Jakarta. Dwelling on the project, he said, the planned facility would have an annual output capacity of 35,000 metric tons green hydrogen, hydrogen produced using renewable energy. The firm signed an initial deal with Indonesian state-owned fertiliser company PT Pupuk Indonesia and PT Pupuk Iskandar Muda and state utility company PT Perusahaan Listrik Negara for power supply and contruction site for the planned investment,…
Author: Saur News Desk
ASEAN countries are moving towards boosting green energy in the region. To this end, Malaysia, Indonesia, Brunei, and Philippines will be forming a sub-region focus group to boost existing inter-connectivity for green energy sustainability. Dadan Kusdiana, the Secretary-General of the Ministry of Energy and Mineral Resources of Indonesia, said that the group of countries will embark on renewable energy (RE) cooperation that can be executed immediately. He said collaborations on plant-based biofuels amid ASEAN’s abundant biomass resource will be proposed. He was speaking to media after the joint opening ceremony of the 41st ASEAN Ministers on Energy Meeting (AMEM-41) and…
The years between 2025 and 2030 will witness nearly six-fold rise in the renewable energy investments by Malyasia’s Tenaga Nasional Bhd (TNB) for its future energy transition (ET). The plan was disclosed by TNB’s President and Chief Executive Officer, Datuk Baharin Din, while speaking at the ASEAN Energy Business Forum (AEBF) 2023, in Nusa Dua, recently. He said, “ TNB is keen to expedite its investments in the Grid to avoid bottlenecks that are currently happening in mature markets, which could delay the scale-up of renewables as connection queues for wind and solar projects grow to record sizes.” “Bottlenecks can…
The Southeast Asian region could lose up to 30% of its gross domestic product by 2050 due to increases in global temperature and extreme weather events, but boosting up the region’s renewable energy manufacturing capacity would position Southeast Asian countries to create new jobs and meet growing energy demand while drastically reducing emissions. This was disclosed in a new research released on the sidelines of the ASEAN Finance Ministers and Central Bank Governors Meeting by the Asian Development Bank (ADB), Bloomberg Philanthropies, ClimateWorks Foundation, and Sustainable Energy for All (SEforALL). The report named ‘Renewable Energy Manufacturing: Opportunities for Southeast Asia,’…
SunAsia Energy, a solar engineering, procurement and construction (EPC) firm will build 1.3 GW of floating solar PV (FPV) projects on the Laguna Lake, the largest lake in the Philippines. The project will be implemented in partnership with its investment partner BlueLeaf Energy. It may be noted that SunAsia Energy was awarded the projects as the winning bidder of an auction by the Laguna Lake Development Authority (LLDA) for 10 blocks of lake surface totalling 1,000 hectares. In a statement, BlueLeaf said that by signing the lake lease agreement the projects have secured tenurial rights like environmental compliance certificates. The…
Beximco, the largest private sector group in Bangladesh has constructed the country’s largest solar power plant at 200 megawatts (MW) at Sundarganj in the Gaibandha district on a 650-acre plot of infertile land through its Teesta Solar Limited subsidiary. As per reports, speaking at the inaugural function at the Rangpur Zila School ground earlier this month, Prime Minister Sheikh Hasina pointed out that energy security is a priority for the country, which is experiencing the worst energy crisis in a decade. “We think the renewable energy sector will be very important for future energy, so we have taken decision to…
Philippines based ACEN Corp. has joined hands with German solar developer ib vogt (Singapore) Pte. Ltd. to fund the construction and development of at least 1,000 megawatts (MW) of solar projects in Asia. In its regulatory filing on Tuesday, the Ayala-led firm-ACEN said the shareholder’s agreement for the joint venture of the ACEN Renewables International Pte. Ltd. and ib vogt has been declared effective on Aug. 18 after regulatory approvals and conditions have been satisfied. As per the agreement, the two firms will set up a funding platform that will be utilised for the construction and operation of large-scale solar…
Meralco Power Gen Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), is all set to invest around P18 billion to boost its renewable energy (RE) buildout. MGen said in a press note that it would use the investment to build more than 2 gigawatts (GW) of gross RE capacity from solar and wind by 2030. As per the firm’s statement, “This investment will facilitate the development of over 2 GW of gross RE capacity from solar and wind sources. This initiative is a collaborative effort between the company and its partners, with the goal of achieving these…
Southeast Asian national oil companies (NOCs) and traditional upstream players are progressively focusing on cleaner and more environmentally friendly energy initiatives. Rystad Energy’s analysis reveals a consistent commitment to these initiatives in the years to come, with investments set to exceed $76 billion from 2023 to 2025. The upward trend is set to continue, with a projected total outlay of $119 billion by the end of 2027. This expenditure will be driven by investments in wind, solar and geothermal projects. Regional NOCs like Indonesia’s Pertamina are expanding their participation in geothermal, while Malaysia’s Petronas aims to establish a notable presence…
HSS Engineering Sdn Bhd (HSSE), an arm of HSS Engineers Berhad (HSS), which is an engineering and project management firm, in partnership[ with Shizen International Inc, Solarvest Asset Management Sdn Bhd, and Aziho Trading Sdn Bhd, has got a Letter of Notification from the Energy Commission (Suruhanjaya Tenaga). This notification will pave the path for the development of 29.99 MW Solar PV Plant in Kedah in Malaysia. HSSE boasts of a 10% stake in the Consortium. The project looks into the development, financing, construction, ownership, operation, and maintenance of the solar plant on a BOOT (build, operate, and transfer basis).…