Vietnam-based manufacturer of starch, Hiep Phat International Agricultural Co. Ltd (Hiep Phat) has joined forces with TotalEnergies for the establishment of a 2.1 MWp solar system. The ground-mounted solar and agri-PV project will be set up at the agricultural firm’s unit in Tay Ninh as well as office facilities. The solar project will help Hiep Phat meet 20% of its energy needs. The project will boast more than 3,600 solar panels. It is expected to produce about 3,250 MWh of renewable electricity every year. With this initiative, Hiep Phat will be able to make savings while also cutting yearly carbon…
Author: Saur News Desk
The IEA’s World Energy Outlook 2023 has been released and its findings about Southeast Asia are as follows- Clean energy transitions in Southeast Asia, supported by the JETP programme, will reshape power systems and help to strengthen energy security. Establishing markets and mechanisms for renewables deployment, scaling up clean energy investment and limiting coal-fired power will be crucial in the period to 2030. Integrating rising wind and solar PV capacity into electricity systems will become an increasingly central task after 2030, as their share of the overall generation mix rises from 20% in 2030 to over 50% in 2050 in…
J-Wind Co., Ltd., the wholly owned subsidiary of Electric Power Development Co., Ltd. (J-POWER), headquartered in Chuo-ku, Tokyo has completed renovations at the New Tomamae Winvilla Wind Farm located in Tomamae Town, Hokkaido. The New Tomamae Winvilla Wind Farm started commercial operations on 20 October, 2023. The wind farm located in Tomamae Town, Hokkaido, is upgraded to eight wind turbines with an improved generation performance capable of a 4,300-kW output. It is the first wind-based facility to start operations within the J-Power group and one of the largest in Japan. It is reported that due to this facility replacement project-introducing…
Singapore will be the first country in Southeast Asia to get the first floating and stacked Energy Storage System (ESS) at Seatrium’s Floating Living Lab, with a maximum storage capacity of 7.5 megawatt-hours. It will start operations in the first quarter of 2024. Seatrium has been working in partnership with Singapore’s Energy Market Authority (EMA), and this is the first floating and stacked ESS in Southeast Asia, the company said in a statement. It is part of a $10 million partnership between the Energy Market Authority (EMA) and Seatrium to develop innovative energy solutions in the marine sector and was…
Canadian Solar Inc. has issued a JPY18.5-billion green bond in Japan, with plans to use the funds to grow its solar and energy storage unit, Recurrent Energy. This green “samurai private placement” was arranged by Goldman Sachs Japan Co. The private placement has a three-year tenor with a mix of both semi-annual fixed (1.82% p.a.) and floating (circa 1.49% p.a.) coupons. As per reports, Canadian Solar has been a seasoned project bond issuer in Japan and had closed seven transactions for its ground mounted solar projects totaling over forty billion Japanese yen since 2016. Dr. Shawn Qu, Chairman and CEO…
PT PLN (Persero), Indonesia’s state-owned electricity company, has tied up with two major Chinese clean energy corporations, the State Grid Corporation of China (SGCC) and Trina Solar China, at the Indonesia-China Business Forum (ICBF). With this partnership, the firm will focus on developing new and renewable energy (NRE) in Indonesia. PLN and the Chinese corporations will work together on developing a smart grid as the backbone of clean energy electricity in Indonesia. The PLN-SGCC partnership aims at collaborative studies on utilizing renewable energy, electric power storage, power grid integration, and smart grid management to enhance the reliability, quality, and cost-effectiveness of the power…
Indonesia has invited European countries to cooperate in the green economy sector to support energy transition programs and achieve the targets of lowering carbon emissions. Speaking at the 2023 Indonesia-Europe Business Forum (IEBF) in Jakarta, recently, Deputy Minister of Foreign Affairs, Pahala Nugraha Mansury, said, “I believe that Indonesia and Europe share the same view on how to advance energy transition and the green economy. We also see plenty of opportunities to cooperate in the blue economy sector in certain regions and countries.” The Indonesian government has been promoting the adoption of new economies with the objective of helping the…
ACEN Corp., the energy firm under the Ayala Group, has secured a P5-billion loan from Metropolitan Bank & Trust Co. to further expand its renewable energy portfolio. As per reports, the proceeds will be used for general corporate purposes, including but not limited to capital expenditures for RE (renewable energy) projects of the ACEN Group. ACEN did not disclose any further details about the loan but noted that it was part of its procurement of P32 billion in loans to fund renewable energy development plans. In March, ACEN said that its board had approved the procurement of additional credit facilities…
Vena Energy, Vivant Energy and Aboitiz Renewables have joined hands to develop and operate the 206 megawatts (MW) San Isidro Wind Project in Central Philippines. In its statement, Vena Energy said the Sonshore, an Isidro Wind Project will be one of the largest onshore wind projects in the country. It comprises 33 wind turbines with 6.25 MW each. The project is located in Northern Samar in the Visayas region. The project is expected to reach a financial close and start construction in the fourth quarter of 2023 and benign commercial operation in the first quarter of 2025. “Vena Energy is excited…
BayWa r.e. Solar Trade, the solar trading arm of BayWa group has launched the sale of Electric Vehicle (EV) chargers in partnership with Huawei in Thailand at the ASEAN Sustainable Energy Week 2023. As per the statement, BayWa r.e. and Huawei unveiled the EV Chargers at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, officiated by Junrhey Castro, Managing Director of Solar Trade in Southeast Asia, and Nitinan Pooltananan, Business Development Manager at Huawei Digital Power Thailand. Junrhey Castro, Director of Solar Trade in SEA, said, “As a recognised leading Solar Trade Business, we are thrilled to be working together…