National Power Supply Public Company Limited( NPS) has said that the company has successfully completed the installation of the first phase of the 60 MW floating solar power plant or “Floating Solar Farm” on the well, measuring 1,200 rai, at Si Maha Phot District Prachinburi Province. Yothin Damnernchanvanit President of NPS said that it will start its operations in the fourth quarter of 2023. The firm is in the process of installing a 90 MW Floating Solar Farm Phase 2, which is expected to be completed and ready to generate electricity in the first quarter of 2024. With a total…
Author: Saur News Desk
A study entitled ‘Global Market Outlook For Solar Power 2023-2027’ (With a Focus on South East Asia) has been released. The major findings of the insightful report are as follows- With improvement in solar investments SEA market is expected to grow 13% to 3.8 GW this year. However, report says as most SEA nations are still gearing up their solar programmes,so there are uncertainties regarding the deployment of the plans . As per the report, as of 2022, there was a rise of 12% making the operating solar capacity in the SEA region nearly 32 GW. Despite the dip in…
The recent Global Market Outlook report on solar power by Intersolar Europe and Global Solar Council claimed that several countries in the Southeast Asian market are on a liberalization spree to reform their power sector. These reforms aimed to boost the production of renewable energy and its use to cater to the power needs of corporate clients across the region. The report, which presents a sneak peek of the power sector in the region for the period 2023-27, claimed that countries like Thailand, Malaysia, and the Philippines had taken several measures in this direction. It said that several power sector…
South Korea’s Samsung and Germany-based SMA, the inverter manufacturer, have tied up to interlinking their communications and to facilitate the integration of Samsung heating systems into SMA´s home energy management system. To this end, the two firms have developed an innovative cloud-to-cloud solution that allows PV systems with SMA inverters to be integrated into Samsung’s SmartThings smart home ecosystem. Thus, incorporating heat pumps into their domestic energy systems, enables them to become less dependent on rising energy prices and monitors a Samsung heat pump installed at the property. “The good thing for users is how simple it is to integrate…
Vietnam’s Deputy Prime Minister Tran Hong Ha recently held a working session with representatives from the Ministry of Industry and Trade (MoIT), the Vietnam Electricity (EVN) and a number of relevant ministries and agencies on policies to boost the installation of roof-top solar power systems in the community. This aligns with the National Power Development Plan (PDP VIII) for the 2021-2030 period, with a vision until 2050. It aims to use solar power in 50% of office buildings and 50% of residential houses for self-consumption by the year 2030. At the recent working session, participants highlighted various kinds of difficulties…
Singapore-based renewable firm, Vena Energy has received a green loan for the 53 MW Kasama Solar Project in Ibaraki Prefecture, Japan. The Project has the capacity to meet the power needs of over 14,000 households annually, which will be equivalent of reducing over 38,000 tonnes of greenhouse gas emissions and saving up to 54 million litres of water, compared to thermal generation, the firm said in its press statement. Dwelling on the details, the statement said that the JPY16.9B financing arrangement was led by MUFG Bank, Ltd. with co-financing by Joyo Bank in Japan, and it is in line with…
Japanese auto giant Toyota has ambitious plans to enhance its vehicles driving range, charging time and slash the costs of future EVs. To this end, it will introduce high-performance, solid-state batteries and other technologies. Dwelling on its technology roadmap, it said in its official statement that it aims to cover aspects as varied as next-generation battery development and a radical redesign of factories. This aligns with its plan to compete in the fast-growing market for EVs, where it is reported to need to catch up to its prime competitors such as Tesla. “With the evolution of the vehicle’s operating system,…
Malaysia-based Terengganu Inc (TI), Terengganu state government’s strategic holding investment company, has tied up with the Tenaga Nasional Bhd’s (TNB) Power Generation Sdn Bhd (TNB Genco) to carry out studies for the development of a floating solar photovoltaic plant at Tasik Kenyir. TI chairman Datuk Seri Dr Ahmad Samsuri Mokhtar said, “The study is aimed to identify some critical aspects before the 1,000 megawatts (MW) floating solar plant project is to be greenlighted. This MoU was made because the planned project is big, and an expected 1,000 MW solar pump will be built in Kenyir. Hence, TI has to ink…
Singapore-based renewable energy platform Athein is seeking to raise funds between $250 million and $300 million in equity from investors to build its solar and wind projects in selected Southeast Asian countries like India, the Philippines, and Vietnam. Milan Koev, Athein’s Chief Executive Officer (CEO), said that the cleantech company sought $1 billion over the next five years to fund the 2.5 gigawatt-peak (GWp) pipeline of projects. The remaining funds will be in the form of debt. Moreover, he said the firm hired Hong Kong-based Green Horizon Capital Partners to advise on the equity raise. This equity raise is the…
Malaysian firm Kinergy Advancement Berhad (formerly known as Kejuruteraan Asastera Berhad), dealing in energy and engineering solutions, has officially unveiled its new name and logo. The firm stated that rebranding signifies its commitment towards the regional expansion of its sustainable energy solutions (SES) business. In its statement KAB said “Kinergy” is a fusion of the words “kinetic” and “energy”. It symbolises the motion, force and momentum generated when the group takes action to drive positive change and progress toward its goals. The word “Advancement”, represents the group’s commitment for continuous improvement and progress. KAB group Managing Director Datuk Lai Keng…