Malaysian Sunview Group Berhad’s subsidiaries, Fabulous Sunview Sdn. Bhd. and Solarcity REIT Sdn. Bhd. have been selected as solar power producers under the Corporate Green Power Programme. Among one of the 22 entities, Solarcity REIT Sdn. Bhd., is selected to be a solar power producer under the CGPP, and has been allocated an export capacity of 29.99 megawatt (“MWac”). This is the maximum quantum assigned to a solar power producer. Meanwhile, as a part of the group that includes, JAKS Solar Power Sdn. Bhd. and Ann Joo Green Energy Sdn. Bhd., Fabulous Sunview Sdn. Bhd.it has also been allocated with…
Author: Saur News Desk
With various significant green projects getting implemented in Thailand, the country is set to be the powerhouse for clean energy in Southeastern region. Kansai Electric Power Rooftop Project Among the noteworthy green projects in the country is the latest installation project of panels on the rooftop of a factory in Thailand manufacturing high-performance Falken tires for the European market. This will be the world’s biggest stand-alone rooftop solar panels project to be built by Japan-based Kansai Electric Power’s Thailand unit. The size of the rooftop is equivalent in size to over 18 football pitches. Located in the heart of Thailand’s…
The latest report by RMI, an energy think tank, discussed the bottlenecks in the long-term coal power Power Purchase Agreements (PPAs) and the challenges toward energy transition in Indonesia. The report titled ‘Coal to Clean PPA Replacement’ sheds light on the clean energy transition in the Southeast Asian country. The report highlighted the importance of building a clean energy regime with a minimum local procurement of fossil fuels. It talked about the importance of including storage in the grid. It included storage of about 0.17 MW per MW for solar PV. The report made three broad suggestions to achieve the…
Renewable energy developer Vena Energy has entered into a framework agreement with technology suppliers for a cross-border clean energy ‘hybrid megaproject’ located in Indonesia’s Riau Islands province. The firm has revealed that it will explore opportunities to manufacture solar panel components as well as battery energy storage systems in the southeastern country, which will pave the way for the set up of a hybrid megaproject with up to 2 GW of solar and over 8 GWh of energy storage. The other firms that are part of the agreement include Chinese solar technology firm Suntech, US-based battery energy storage system (BESS)…
Philippines-based ACEN has signed an amended and restated loan and security agreement with Nature’s Renewable Energy Devt. Corp. (NAREDCO) and CleanTech Renewable Energy 4 Corp. (CREC4) to increase the loan facility signed last year by up to ₱ 1.16 billion, with same terms and securities applying. In a stock exchange filing, it said that the raised funds would be used to fund the remaining requirements of the first phase of the Cagayan North Solar Power project. It may be noted that in July 2022 that the firms signed a loan and security agreement, where ACEN granted NAREDCO a loan of…
Malaysia’s Gentari and its wholly-owned subsidiary, Gentari Green Mobility, have signed a Memorandum of Understanding (MoU) with BMW Malaysia to work towards implementing green mobility services and solutions and deploying renewable energy. Both firms aim to explore potential collaborations in areas such as the expansion of electric vehicle (EV) charging infrastructure, various EV fleet solutions, value-added services for BMW EV owners (EV charging subscription plans, electric forecourts, portable charging, and mobile charging services) and the deployment of joint renewable energy infrastructure. “We are thrilled to collaborate with a prestigious automotive brand like BMW to expand the accessibility of green mobility…
Indonesia and the United Kingdom (UK) have agreed to extend the MENTARI Energy Transition programme. In a statement, the Indonesian Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif disclosed this. MENTARI (Menuju Transisi Energi Rendah Karbon Indonesia) is a partnership between the governments of Indonesia and the UK to promote the uptake of low-carbon energy, supporting Indonesia’s just energy transition. The programme was launched in 2020 and is led by the British Embassy in Jakarta and Indonesia’s Ministry of Energy and Mineral Resources. Aimed at enhancing the planning and procurement of renewable energy, the programme was initially scheduled to…
Cypark Resources Berhad and RGFC Ventures Sdn Bhd have entered into a Memorandum of Business Exploration (MOBE). The announcement follows Malaysia’s launch of the National Energy Transition Roadmap (NETR), which eyes gigantic renewable energy ambitions of 40% by 2035 and 70% by 2050. Malaysia-based Cypark Resources is a developer and provider in integrated renewable energy, green technology, environmental engineering solutions, and construction engineering. RGFC Ventures is the business and investment arm of Selangor Football Club that is mandated to generate non-football revenue for the club The agreement will pave the way for the two firms to exploit the potential of solar energy…
Constant Energy and Virya Energy are set to acquire a majority stake in Constant Energy by Virya. This will be done by way of a combination of primary investments and secondary shares from Olympus Capital Asia. Olympus Capita Asia is a middle-market investment firm focused on Asia. Singapore-based renewable power platform Constant Energy delves into renewable electricity generation and storage development. It is a key played in Southeast Asia. The agreement will give an impetus to Virya Energy’s solar goals. The firm looks into the development, financing, construction and operation of sustainable energy sources solar. The firm has a strong…
In a step towards strengthening its commitment towards environmental and sustainability efforts and to achieve net zero emissions across its global operations by 2050, McDonald’s is making its eating joints solar-powered. After UAE’s branch being partially solar-powered, McDonald’s Malaysia has signed Supply Agreement with Renewable Energy (SARE), with Tenaga Nasional Bhd (TNB) and GSPARX Sdn Bhd (GSPARX) for the installation of rooftop solar photovoltaic (PV) facilities. As per SARE, the solar PV facilities will be installed at 100 selected McDonald’s Drive-Thru restaurants across the nation in phases, with the project scheduled for completion by December 2024. It may be noted that…