Solar power projects worth a total of US$503 million will be constructed in Western Pangasinan. Recently, the provincial government of Pangasinan signed an agreement with CS First Green Agri-Industrial Development Inc., URIT Limited Philippines Corporation, and China Energy International Group. The solar farms are located in the upland areas in the towns of Infanta and Dasol in western Pangasinan. Commenting on this, Governor Ramon Guico III,said, “There’s a looming energy crisis. In some parts of the province, there have been outages. And again, Pangasinan is going to play a key role in contributing to the power requirements of our country.”…
Author: Saur News Desk
The US solar technology firm, Maxeon has announced its plan to invest $900 million in solar energy in the Philippines. This comes as a part of expanding its operations in the country. This was announced after the officials of Maxeon met with President Ferdinand R. Marcos Jr. and his delegation in Washington DC. Bill Mulligan, CEO of Maxeon which operates the SunPower brand in all global markets including the Maxeon brand in the United States, Canada and Japan, said, “The investment will provide more than 3,000 jobs in the next few years.” He expressed confidence in administration of President Marcos…
Indonesian power utility PLN (Persero) has collaborated with Total Eren SA in the construction of a 70 MW wind power plant project in Tanah Laut, South Kalimantan, Indonesia. This is also the first renewable project in Indonesia equipped with a 10 MWh Battery Energy Storage System (BESS) technology. Adaro Power and Pembangkitan Jawa Bali Investasi (PJBI) are also involved with Total Eren in the RE project. This collaboration was marked by the signing of the Power Purchase Agreement between the PLN and Total Eren, Adaro Power and PJBI. The wind and BESS project is an innovation carried out by the…
The Malaysian Hektar Real Estate Investment Trust (Hektar REIT) has now planned to rope in solar energy to reduce the energy costs of its malls in the South Asian country. CEO of the trust Johari Shukri Jamil recently revealed the plans to use solar power in their malls. Hektar REIT owns 2 million square feet of retail space in four states in Malaysia. Their assets are valued at RM1.2 billion as of Dec 31, 2022. Some of its commercial properties included– Subang Parade in Selangor; Mahkota Parade in Melaka; Wetex Parade and Classic Hotel in Muar, Johor, Central Square in…
National Energy Administration (NEA) has recently reported that China’s installed renewable energy capacity has shown robust growth in the first quarter amid the country’s pursuit of green transition. The NEA drafts China’s national energy strategy, implements energy policy, and regulates energy sectors including coal, electricity, oil and gas, and nuclear power. According to NEA, China saw its newly installed capacity of renewable energy rise 86.5 percent year on year to 47.4 million kilowatts in the first quarter, which accounted for 80.3 percent of the country’s newly installed power generation capacity. It further reported that by the end of March, the…
Shenzhen-based EV giant, BYD has reported its profits to have risen five-fold in Q1. The firm has consolidated its leadership in China’s domestic electric vehicle market and has emerged as a tough competitor to other EV global giants in the domestic market. It said in the stock market filing that its net profit was 4.13 billion yuan ($596.56 million) in the first quarter of 2023, up 410.9 percent from 808.41 million yuan one year earlier. As per data available from the China Association of Automobile Manufacturers, it is reported that the company outsold rival Volkswagen in the first quarter of…
Philippines-based renewable energy firm ACEN Corp., the power generation arm of Ayala Corporation has major plans to construct 8,000 megawatts of renewable energy projects in the Philippines until 2030 with estimated investments of about $8 billion. ACEN President and CEO, Eric Francia informed, “About 600 MW of RE capacity was already in operation,while 1,000 MW was under construction, of which 70 percent would soon be operational.” Francia further noted that the Philippines would be ACEN’s core market at 40 percent of the 20,000-MW target by 2030, followed by Australia with a footprint of 5,000 MW. “In addition, we will continue…
Manish Narula is the Executive Vice President of Chinese solar manufacturer–Jinko Solar (South Asia). In an exclusive interview with Saur Energy in Hyderabad, Narula talked about his company’s experiments with newly-started energy storage devices, bifacial solar panels, and the future of these in India. Excerpts: How has the experience of Jinko Solar been in India till now? The company started its operations around a decade ago. We started doing business in India in the last 7-8 years. Our journey in India had been exciting. We are growing with a Compound Annual Growth Rate (CAGR) of 30 percent annually. Last year…
Philippines-based Buhawind Energy Philippines (BEP) will be making investments worth P740 B for three offshore wind projects in the Philippines. BEP is a joint venture between Danish firm Copenhagen Energy (CE) and Yuchengco-led PetroGreen Energy Corporation(PGEC), which was formed in 2022. Once completed, it is expected to add 4,000 megawatts of renewable energy (RE) capacity to the Philippines power supply upon completion. Commenting on this, Copenhagen Energy Chief Executive Officer Jasmin Bejdic said that the first offshore wind project in Ilocos Norte with the capacity of 1,650 to 2,000 megawatts will be completed in 2027, while the next phases of…
The United Kingdom will be providing its support to Philippines for its shift to renewable energy. This has been disclosed by Richard Graham, a British officials who was a member of the UK Prime Minister’s trade envoy visiting the country. The envoy had visited Philippines last week. The envoy expressed support in the Philippines’ offshore wind agenda. Speaking at the event, Graham reaffirmed the UK’s support to the Philippines’ energy transition shift and acceleration of renewables. “The UK has been providing strong government and industry support to the Philippine energy sector including the recent successful offshore wind study visit in the…