At the Bloomberg New Energy Finance Summit in Shanghai on November 27, the leaders of China’s, and the world’s largest solar module firms expressed worries on the all time low module prices seen in recent weeks and months. For what it is worth, prices are expected to drop even further before any recovery can start. As we reported earlier, polysilicon prices are expected to hit all time lows before any meaningful recovery starts, providing some margin cushion to PV makers that buy it from other suppliers. Leadership from majors including Trina Solar, Longi Green Energy Technology, Jinko Solar all held…
Author: Saur News Desk
The EMBER report finds that an increasing use of solar and wind generation by ASEAN countries, has led to a shift towards clean power. This is especially true when 99% of the wind and solar potential in ASEAN, reportedly remains untapped. Using solar and wind would reportedly help to get on track with the IEA’s 2050 net zero scenario, 164 GW of solar and 65 GW of wind need to be installed by 2030. In its report titled, ‘Beyond Tripling: Keeping ASEANs Solar and Wind Momentum’ EMBER tracks solar and wind generation in ASEAN between 2015 and 2022. It analyses…
The Bangladesh government has approved Denmark’s green investment proposal to carry out a detailed feasibility study and implement the first phase of development in the next three years. The proposal is valued at USD 1.3 billion for developing the country’s first 500 MW utility-scale offshore wind energy project. To this end, Denmark’s Copenhagen Infrastructure Partners (CIP), Copenhagen Offshore Partners (COP) in association with Bangladesh’s Summit Group had submitted the foreign direct investment (FDI) proposal in July 2023. The proposed project site is located offshore of Cox’s Bazar district. Once operational, the 500 MW (installed) wind energy project would generate electricity, which…
TotalEnergies and Cambodia-based The Royal Group have joined hands for the development of new renewable energy projects and other decarbonisation initiatives in Cambodia. To this end, they have signed a MoU and look forward to leveraging their expertise, wherein TotalEnergies is a major energy player, and The Royal Group has an experience in Cambodia’s local power projects. “Combining the resources and skills of both organizations will ensure the best research and development of the most optimal renewable projects in Cambodia,” Neak Oknha Kith Meng, Chairman and CEO of Royal Group, said. TotalEnergies is currently supporting the energy transition in Cambodia…
Japan-based energy producer JERA Co., Inc. has started a demonstration project for a large-scale energy storage system that recycles electric vehicle drive batteries. As per the firm, it utilises a latent integration into an extra-high-voltage transmission grid. It said that with technical expertise from Toyota, the project will promote the establishment of a concrete sweep energy storage system that can be connected to the transmission grid the first-ever reusable energy to be applied in the world. The firm said that as electric vehicles (EVs) are growing in demand, lithium-ion and several vehicle batteries are opening opportunities for more secure energy generation…
Black & Veatch, a firm dealing in sustainable infrastructure, has conducted a feasibility study for Augustus Global Investment (AGI) on the generation of green hydrogen in Indonesia. The project envisions green hydrogen production using electrolysers powered by grid-supplied renewable energy. As per the statement, Black & Veatch provided a plant configuration and technology analysis and order-of-magnitude cost estimates for hydrogen generation and storage. The firm said that the study finds that the project can be technically and economically feasible and has the potential to significantly contribute to Indonesia’s energy transition. “With Indonesia’s vast energy and renewable resources including geothermal energy, there…
China based firm, Trina Solar, that makes solar panels, has set sights on making an investment of an additional $420 million in Thai Nguyen, Vietnam. This would take up the total investment of the firm in the country to close to $900 million. The revelation came after a meeting was held between Trina’s Chairperson Gao Jifan and Deputy Prime Minister Tran Luu Quang. Jifan informed that support is anticipated from authorities to fuel research and investment in rooftop solar power projects at local level. Trina is among the largest makers of solar panels in Vietnam. The firm already operates two…
With the aim of supplying low-carbon electricity to Singapore from 2027, an Indonesian renewable energy company will be building solar power plants costing US$9 billion (S$12.3 billion) on an island near Batam from 2024. In a recent agreement, Marubeni Global Indonesia (MGI) has committed to provide 600 megawatts (MW) of electricity to Tuas Power, Singapore’s top power generation company, Tuas Power said. “It will submit its proposal to Singapore’s Energy Market Authority (EMA) by the end of November to import the electricity generated, which will be enough to power about 730,000 households.” MGI Managing Director Tjaw Hioeng said, “The first phase…
Interra Resources Limited (5GI), a petroleum exploration and production company, has collaborated with VibroPower Corporation Limited for a joint venture agreement and a convertible bond agreement. As per the Joint Venture Agreement, Interra Resources and VibroPower will jointly work to establish a 2-megawatt solar farm in Sabah, Malaysia. With the generating capacity of up to 2,000 kilowatts of electricity from sunlight, it will serve as the foundation for a renewable energy supply business. The project is estimated to cost S$3,000,000 for the total development and construction cost of the Solar Farm. Interra Resources will provide S$1,500,000, secured by the Convertible…
As per Comprehensive Investment and Policy Plan (CIPP) of the Indonesian government, the country has set out to achieve Indonesia’s decarbonisation initiatives by 2050. This includes reaching net zero and expanding the country’s installed solar capacity to 264.6 GW by the middle of the century. As per reports, the CIPP draft is open for public consultation until 14 November and depicts Indonesia’s contribution to meeting the Just Energy Transition Partnership (JETP) programme. The government agreed to the JETP initiatives during last year’s G20 Summit, held in Indonesia, and received US$20 billion in funding to support its decarbonisation goals. The draft…