A four-eye meeting between the Cambodian National Assembly President Heng Samrin in Phnom Penh and Dewan Rakyat (Lower House of Malaysia) Speaker Tan Sri Johari Abdul welcomed the cooperation between Cambodia and other ASEAN member countries to explore an initiative to develop a renewable energy ecosystem in the region. Johari was on an official visit to Cambodia from July 20 to 24. He was invited by the Cambodian government, in his capacity as an observer in Cambodia’s general elections. The statement said, “The Malaysian Parliament announced the initiative, which includes the exchange of expertise, capacity building and technical assistance; taking…
Author: Saur News Desk
Chinese oil refiners and petrochemical companies are on an investment spree to produce high-end chemicals for solar panels and lithium-ion batteries to reap profits from the growing demand for energy transition technologies. The investment is estimated to be around tens of billions of dollars. With this, China aims to reduce its import dependence and further strengthen its dominance of renewable energy and electric vehicle supply chains. The Chinese companies are competing against Dow Chemical, Exxon Mobil and BASF in making key materials. As per industry analysts, firms including Wanhua Chemical, Zhejiang Petrochemical Corp (ZPC) and Hengli Petrochemical and state oil…
Electricity Generating Public Company (EGCO), the power generation arm of the state-run Electricity Generating Authority of Thailand, has joined hands with Hong Kong-based Diamond Generating Asia, a wholly owned subsidiary of Mitsubishi Corporation, to study and develop the value chain of hydrogen-related businesses in Australia. As per the MoU (memorandum of understanding), Egco and Diamond Generating Asia, a clean electricity generation firm, aim to produce green hydrogen at the 113-megawatt Boco Rock wind farm in New South Wales, Australia, which is wholly owned by Egco. Egco sees an opportunity to invest in this type of clean energy and related businesses,…
Global Energy Transition is creating a win-win situation for the Philippines’ local nickel miners as they are betting on clean energy and smart cities to accelerate nickel demand over the medium to long term. This was revealed by the Philippine Nickel Industry Association (PNIA) in a press note. It is the country’s largest private sector grouping of nickel mining players informed that aside from being a critical component in electric vehicle batteries, raw nickel ore is also processed to create stainless steel, which is used in the development of megacities and in renewable energy technology. According to PNIA, President Dante…
The World Economic Forum has declared Malaysia a leader with first place in Southeast Asia in WEF Energy Transition Index. Commenting on this, Economy Minister Rafizi Ramli, said ,”This achievement shows that Malaysia is on the right track to manage a fast, safe and affordable energy transition.” The index takes into account the system performance and the country’s readiness to switch to more environmentally friendly energy sources. “Malaysia also has various strategic advantages such as a strategic location, diverse renewable energy sources (RES) and a high level of skills to become a regional leader in the field of energy transition,”…
The FusionSolar Global Energy Storage Summit, 2023 edition, took place in Singapore, with the theme of “Making the Most of Every Ray.” The ideas on best practices and development strategies for large-scale PV and energy storage projects were exchanged by over 400 PV industry leaders, technical experts, associations and ecosystem partners at the event. Charles Yang, Huawei Senior Vice President and President of Global Marketing, Sales and Services at Huawei Digital Power, said, “The carbon neutrality drives the PV and energy storage industries to embrace great development opportunities. As technologies continue to advance, the levelised cost of electricity (LCOE) for…
Japanese Prime Minister Fumio Kishida recently visited UAE during his tour of Gulf countries. It was a part of his recent visits to Gulf and Arab countries to discuss issues related to energy and commerce with them. His recent visit to UAE opens up potential collaboration on green technology. The partnership is built around developing green energy cooperation. Through this cooperation, Japan will offer the UAE cutting-edge technology and support the Middle East’s green energy initiative. This initiative is noteworthy for boosting bilateral cooperation on building technology for clean hydrogen, ammonia, recycled carbon, and carbon fuels. This cooperation will deliver…
With the aim of boosting renewable energy goals and carbon reduction goals, the Bangladesh government has floated an international tender to lease around 63 lakh square feet of rooftop spaces on factory and warehouse buildings at 13 state-owned jute mills to install solar systems. As per local reports, the Bangladesh Jute Mills Corporation (BJMC), a government agency responsible for all public jute factories, has called upon interested parties to submit their proposals by 25 July. As per tender documents, the lease will be for a duration of 20 years, with the option of extending the time-period based on the performance…
The US and Canadian firms have shown keen interest in investing in Philippines in renewable energy among other sectors, during the roadshow organised by the economic team of Philippines. The statement said that the roadshow organised by economic managers was concluded recently and it composed of a series of roundtable meetings in New York and Toronto . The non-deal roadshow showcased the opportunities for investors in the Philippines by focusing on its growth outlook, economic and fiscal policy environment, investment opportunities, and growth engines in the medium and long term, informed the statement. Over 80 senior executives of Canada-based funds…
Hutchison Ports’ Hongkong International Terminals (HIT) has installed PV system on the quay cranes, comprising 84 solar panels, with the investment of $9.9m (HK$78m). With these two new solar panel on quay cranes, the energy collected will be used to power auxiliary systems including air conditioning and lighting systems in the quay cranes. It is estimated that with the three hours of exposure to sunlight every day, the photovoltaic system on quay cranes will be able to generate roughly 42,000 watt-hour (Wh) of energy with a 98.75% system efficiency. Moreover, with the existing solar panels in eight car parks and…