The Suez Canal Economic Zone’s (SCZONE) delegation to China held meetings with major international firms dealing in clean energy, digital solutions and the automotive industry in Hong Kong. The delegation also met with eminent officials associated with the Hong Kong Investment Authority, members of the Environmental Business Council and regional players in the field of clean energy. The statement said that the meetings were held especially in light of the Egyptian state approving special incentives for the green economy and the presence of economic zones with the package of benefits it offers to many sectors. Moreover,the strategic location also allows…
Author: Saur News Desk
The pursuit of renewable energy sources has become increasingly vital today, driven by the urgent need to combat climate change and reduce our dependence on fossil fuels. To address this global challenge, the ZGC Forum, a renowned platform for innovation and entrepreneurship, recently organized an event in Beijing that highlighted nature-inspired renewable energy innovations. The event kickstarted on May 25 and was successfully wrapped up on May 30. The forum brought together experts, researchers, and industry leaders to showcase and discuss cutting-edge technologies that draw inspiration from the natural world to create sustainable energy solutions. Biomimicry in Renewable Energy One…
Canadian Solar Inc. has announced that its majority-owned unit, CSI Solar Co Ltd, will seek to raise CNY 6 billion (USD 845.4m/EUR 790.4m) gross in its initial public offering (IPO) in Shanghai. CSI Solar is a solar module manufacturer and also operates as a total system solutions provider. As per the firm, CSI Solar’s stock is planned to be listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange. Chinese regulators had cleared the deal at the end of 2021 and accordingly, about 541.1 million shares will be issued at a price of CNY 11.10 apiece. A 30-day option…
Acen, the Phillipines based renewable energy major that is part of the Ayala group, is set to make Australia’s largest storage battery project linked to a solar farm. The project, to come up in the New England region of New South Wales, has secured approvals to take its size to 1.4 GW (1,400MW) and 2.8 GWh, or two hours of storage. The battery will accompany Acen Australia’s 720 MW New England solar farm. The new battery, if built, will overtake the 850MW/1680MWh Waratah Super battery, besides the recently announced 500MW/2000MWh Collie battery in Western Australia. The new project will play…
A latest report by the International Energy Agency (IEA) claimed that China would continue to withhold its globally dominant position in solar module manufacturing capacities even in 2030. The report estimated the likely production capacities of solar modules in different countries by 2030 if the announced projects are implemented. The report titled ‘The State of Clean Technology Manufacturing’ also said India might replace Vietnam’s solar module capacity by 2030 with the current growth and announced manufacturing capacities. In addition, it claimed that globally clean energy technology manufacturing saw a surge due to supportive policies, ambitious corporate strategies, and consumer demands. The IEA…
The National University of Singapore is developing fast-charging batteries that would fully charge an electric vehicle (EV) in the time that is taken to fill up petrol at the petrol pump. These fast-charging batteries are among the key projects of a new $5 million battery innovation NUS facility which is backed by the National Research Foundation, that was officially opened on May 22. The battery is made using Niobium metal with the aim to last a full decade longer than those powering EVs today, and it may possibly outlast the vehicle itself. The NUS has come into the race of…
To strengthen the ASEAN Power Grid (APG) interconnectivity and to establish itself as a RE hub in the region, Malaysian electricity firm, Tenaga Nasional Bhd (TNB) will collaborate with regional players in Vietnam and Laos. In a statement, TNB further disclosed that it had signed three memorandums of understanding (MoUs) for the expansion of its wholly owned subsidiary- TNB Power Generation Sdn Bhd (TNB Genco) and also aims to expand its new energy division into Southeast Asia. Amongst the total of three MoUs, two were signed in Vietnam. This has been signed between TNB Renewables Sdn Bhd and Saigon Gia…
Chinese EV battery Contemporary Amperex Technology Co. Ltd. (CATL), the electric vehicle battery giant, will focus on innovative solutions in solar panels to enhance its performance. CATL said in its statement that it is focusing on the R&D of perovskite cells, which is said to be the most promising methods to drive new improvements in solar panel performance. Additionally, it collaborated with JA Solar Technology Co., China’s fourth-biggest module maker, for scientific innovations, marketing and storage. CATL said, “We are building a pilot test line,” without providing any further details. With the global data indicating record number of solar panels…
In a bid to boost renewable sources for power generation, reduce carbon emissions and replace diesel power generators, Perusahaan Listrik Negara, the Indonesian state utility is seeking a $700-million investment for installing 200-megawatt (MW) solar panel. This is part of its plan to reach net zero carbon emissions by 2060. PLN has planned to have 4.68 gigawatts (GW) of solar panels installed between 2021 and 2030. Without dwelling on much details about the project’s construction timeline,the company’s director Evy Haryadi said, “The 200 MW solar panel is the first phase of a longer term plan to replace 1 GW of…
The Government of Maldives, with support from Asian Development Bank (ADB), has proposed to implement Accelerating Sustainable System Development Using Renewable Energy (ASSURE) Project which will support capital intense investments (battery energy storage, grid upgrades and Energy Management Systems) to support renewable energy development. To complement this project, the Government of Maldives is undertaking a project which will install 20 MWp solar PV systems in 20 inhabited islands of the Maldives under the Public-Private Partnership model. The last date to submit bids is August 14, 2023. The Ministry of Finance, on behalf of Ministry of Environment, Climate Change and Technology…