Southeast Asia is steadily moving towards clean energy and increasing renewable energy sources for generating power. In this effort, it is also focusing on greening value chains and shifting to more sustainable industry practices, which also includes reskilling its labour force to accept new technologies and modes. This also includes ensuring jobs to vulnerable groups. This was disclosed by ADB Southeast Asia Development Solutions (SEADS) in its report sighting solutions for just energy transition. The organisation help a steady stream of insights on new technologies, innovations, and best practices that can help countries address pressing development challenges. The report by…
Author: Saur News Desk
UK finance institution British International Investment (BII) has revealed plans to make an investment worth US$15 million in a fund that looks at developing energy transition infrastructure for Southeast Asia. BII has set sights on investing up to £500 million ($622.3 million) in climate finance in Southeast Asia. It aims to achieve 30% of cumulative new commitments to climate finance, as shared by the U.K. embassy. Investments will be made across energy transition in renewable energy, energy efficiency, and energy storage projects. The fund will accelerate global climate mitigation goals and finance clean energy solutions, including disadvantaged areas. Southeast Asia…
The largest fertiliser manufacturer in Asia, PT Pupuk Indonesia (Persero) has signed a Memorandum of Understanding (MoU) with Japan Bank for International Corporations (JBIC), a state-owned financial institution for the development of a future clean energy ecosystem through clean ammonia and hydrogen. Vice President Director of Pupuk Indonesia, Nugroho Christijanto, said, “The company has cooperation in the development of clean ammonia with a number of Japanese companies. Because Japan is aiming to utilize clean ammonia as carbon-free fuel for its decarbonisation. Pupuk Indonesia and JBIC agreed to exchange information regarding the potential for cooperation between Pupuk Indonesia and a number…
EDP, the renewables unit of Portugal’s largest utility has plans to expand in Asian market by selling power directly to Japanese and Korean companies. Under its expansion plans, the unit, EDP Renovaveis SA (EDPR), aims to invest 21 billion euros ($23.12 billion) in renewables over the next four years, 80% in North America and Europe. However, it hopes that deals with corporates will help to break into the Asia-Pacific region. “We’re actually in negotiation and actually starting to open up to the Japanese and South Korean corporates, which can itself be a huge enabler for growth,” Pedro Vasconcelos, the Chief…
Chinese solar module manufacturer–JinkoSolar announced that has been recognized as the top performer in a rating on module reliability. The report titled ‘2023 PV Module Reliability Scorecard’ was published by PV Evolution Labs (PVEL). This was the ninth consecutive year that Jinko was declared as the top performer in this category. Jinko Solar with its major module manufacturing units in China also has business in several South Asian countries like India, Myanmar, Vietnam and others. PVEL’s 9th edition of its PV Module Reliability Scorecard featured 35 solar module manufacturers. JinkoSolar was the one of only two global manufacturers recognized as…
Farmers in the Pangasinan province of the Philippines are all set to get an impetus in their farm productivity with a ₱3.985 million solar-powered irrigation pump (SPIP) aid, especially in Barangay Calmay-Lebueg. The project aims mainly at the agrarian reform beneficiaries (ARBs) in this community after the Department of Agrarian Reform’s (DAR) final inspection. DAR Ilocos Regional Director and Concurrent Provincial Agrarian Reform Program Officer II Ma. Ana Francisco said that the SPIP is scheduled for a turnover to the Calmay-Lebueg Farmers Irrigators Association, Inc. this year. “The facility can irrigate up to 15 hectares of farmland benefiting 21 ARBs…
To contribute significantly to the electric vehicle ecosystem development and accelerate electric mobility in Indonesia, the country’s State-owned Enterprises (SOEs) have decided to focus on work in synergy. State-owned Enterprises Minister Erick Thohir disclosed this intention recently. In a recent statement, he said, “Transition towards electric vehicles will surely improve national energy security. Moreover, the effort will promote cheaper, more eco-friendly transportation in the future.” He further elaborated,” With its abundant reserves of minerals needed for electric vehicles, Indonesia will contribute significantly to electric vehicle ecosystem development by pursuing collaboration through its SOEs.” He stressed the importance of the companies’…
In order to accelerate progress toward a clean energy transition, APEC (Asia-Pacific Economic Cooperation) energy officials are strengthening cooperation while ensuring sustainable and inclusive economic growth in the Asia-Pacific region. Speaking during the group’s meeting on May 21-22, Ariadne BenAissa, the Lead Shepherd of the APEC Energy Working Group (EWG) said,”Energy is the foundation on which our economies are built, and it is what makes everything else possible.” However, she opined that the current energy systems are the primary driver of climate change, which is the greatest existential threat. The APEC region contributed to 59 percent of the global total…
London-based Corio Generation and Daewoo Engineering and Construction (Daewoo E&C) have joined hands to jointly develop offshore wind projects in South Korea. As per the MoU, Corio and Daewoo E&C have agreed to explore collaboration opportunities in developing bottom-fixed offshore wind projects. The pact will also cover all three projects in Corio’s portfolio in Busan like 200 MW Gijang, the 40 MW Cheongsapo, and the up to 96 MW Dadaepo offshore wind farms, with plans to follow further opportunities across the Asia-Pacific region. Under the agreement, Corio will develop projects, make investments and look into project management while Daewoo E&C…
Singapore based Pacific Stream Renewables has officially announced its launch as a fully integrated renewable energy platform. As per its statement, the firm is co-founded by established renewable energy veterans Carlos García García, Ignacio Miralles de Imperial and Andres Martin Buldu. The newly launched firm already has to its credit the development, construction, finance and operation of renewable energy projects in the Asia Pacific region for leading renewables companies such as X-elio, Trina Solar, Keppel, FRV, Canadian Solar, Total, and Equis. The other key management members with leading regional expertise and involved in the launch of Pacific Stream Renewables, include…