The Malaysian government has plans to launch two roadmaps in the second half of the year, focusing on the country’s potential for developing hydrogen fuel and carbon capture and storage technology. The news was disclosed by Malaysian Prime Minister Anwar Ibrahim at the Energy Asia 2023 event being held in Malaysia, from June 26-28. He was speaking at the opening ceremony of the event. The event is hosted by Malaysia’s state oil firm Petronas. He said, “Achieving net-zero emissions targets should not come at the expense of economic growth or vice versa,” and also added that hydrocarbons will be an…
Author: Saur News Desk
Pacifico Energy K.K.,based in Minato-ku, Tokyo has announced the successful commencement of commercial operations for two Energy Storage System (ESS) in Japan. This was disclosed by Hiroki Matsuo, President & CEO in a statement. The facilities are developed in Itoshima City, Fukuoka Prefecture, and Sapporo City, Hokkaido. The firm said, “The ESS projects, which began operating in June 2023, mark a significant milestone as Japan’s first large-scale gridconnected ESS facilities involved in market bidding. The ESS facilities have been specifically designed to enhance the stability of the power grid by providing ancillary services, capacity services and energy arbitrage.” The projects…
Russia’s Rosatom’s wind power division NovaWind has signed two wind power projects deals with Myanmar. The firm will develop a total of 372 megawatts (MW) of wind power projects in the country. In a press statement, Rosatom informed that one MoU was signed between Rosatom’s wind power division NovaWind, Ministry of Electric Power of Myanmar, and Myanmar’s Zeya & Associates to launch feasibility study for a wind farm construction. As per the MoU, cooperation in the framework will be organised for the construction of a wind farm with a total capacity of 200 MW in the villages of Kyaukpadaung and…
South Korea has an ambitious target of reaching 14.3 GW of offshore wind power by 2030. To this end, Copenhagen Infrastructure Partners (CIP) is providing the support with investments of US$350m into offshore wind projects in South Korea. As per CIP’s commitment, the investments from CIP’s Flagship funds will support the development and construction of GW-scale offshore wind projects in South Korea. It should be noted that since 2018 CIP has been in the nation developing offshore wind projects and has secured Electricity Business License for the projects. The projects include both fixed bottom and floating offshore wind which are …
As a part of its expansion plans in the solar energy business, Hamburg-based investment management company Aquila Capital has plans to add a battery storage business in the country. Alexander Lenz, CEO of Aquila’s Asia Pacific region, said, “In Japan, we started with the first acquisition, which is currently under construction – a solar project – but we are now looking forward to also focusing on battery energy storage systems.” Lenz said that Aquila, in which Japan’s Daiwa Securities Group Inc has a 40 percent stake, is targeting the battery storage business to allocate solar power and stand-alone batteries to…
French energy management firm GreenYellow’s subsidiary GreenYellow Vietnam has announced the completion of a 750 kWp rooftop solar power project for Vietnam’s Dong Anh Chainsaw Joint Stock Company (Dong Anh C&F). The firm disclosed that this project is the largest rooftop solar power project to date for GreenYellow Vietnam. Per the statement, the solar panels were installed on Dong Anh C&F’s factory rooftop in Dong Anh District, Hanoi, Vietnam. The firm said the project is expected to generate over 1,000,000 kWh of electricity annually, saving Dong Anh C&F approximately 1 billion VND of annual electricity expenses. Financed by GreenYellow Vietnam,…
The Philippines is steadily moving towards achieving its renewable target of a 35 percent share of renewable energy (RE) in the power generation mix by 2030 and a 50 percent share by 2040. To this end, the Department of Energy (DoE) of the Philippines, following consultations with industry experts, is firming up the guidelines for issuing offshore wind energy service contracts in the next two months. DOE assistant secretary Mylene Capongcol said, “They needed to update the draft OSWESC guidelines, taking into account additional inputs from the private sector and other agencies.” “The detailed guidelines on offshore wind developments can…
Nexif Ratch Energy (Nexif Ratch Energy Investments Pte. Ltd.), a 51:49 joint venture between Nexif Energy (Singapore) and Ratch Group ( Thailand), has announced achieving financial close. With this, it would begin the construction of its 74MWp ground-mount solar photovoltaic (PV) project located in Calabanga, Camarines Sur, South Luzon, Philippines. In its statement, the firm said, “It is a significant step forward in our commitment to investment in sustainable energy in the Philippines.The Calabanga project is being implemented by our Philippines’ subsidiary, Calabanga Renewable Energy, Inc., and will sell about 85% of the generated energy through a power supply agreement…
ACWA Power, a Saudi energy firm, has signed the Engineering, Procurement, and Construction (EPC) contract with Energy China Group Corporation (CEEC) for a solar photovoltaic (PV) project in Tashkent, Uzbekistan. In March 2023, a Power Purchase Agreement for the project was signed between ACWA Power and (JSC) National Electric Grid of Uzbekistan (NEGU) and the Ministry of Investment, Industry and Trade. With this tie up, Uzbekistan will be moving towards ambitious targets to achieve a low-carbon economy as well as diversify its energy mix. The EPC contract was signed by Raad Al Saady, Vice Chairman and Managing Director of ACWA…
SolarDuck AS has joined hands with project partners, TNB Renewables Sdn Bhd (TRe) and TNB Research Sdn Bhd (TNBR), wholly owned subsidiaries of Tenaga Nasional Berhad, Hydro Extrusion Norway AS to roll out an offshore floating solar project in Malaysia. “We are extremely pleased to start our work together with TRe, TNBR and Hydro. For SolarDuck, this means that we are building a footprint in Malaysia, a country in a region with the world’s largest potential for offshore floating solar”, says Koen Burgers, CEO SolarDuck. SolarDuck will be establishing a 780kW offshore floating solar (OFS) plant. It will be set…