Vietnam has recently achieved a milestone with the completion of a 29.7 MW wind project. The project, which harnesses the power of wind has now gone online and is operational. The 29.7-megawatt (MW) ECOWIN wind project operated by 51% RATCH Group-owned ECOWIN Energy Corporation will supply the electricity produced to the state-owned Vietnam Electricity. The installation of wind turbines in Vietnam contributes to the country’s efforts to transition towards cleaner and more sustainable energy sources. In a statement, Thailand-based RATCH Group said, “ The onshore wind project, composed of nine wind turbines with 3.3 MW of capacity each, is located…
Author: Saur News Desk
Malaysia and the United Arab Emirates have agreed to jointly establish renewable energy capacity of 10 gigawatts in Malaysia worth $8 billion by 2025. This was disclosed by Prime Minister Datuk Seri Anwar Ibrahim on a social media post. He said that the collaboration is outlined in a preliminary agreement between the Malaysian Investment Development Authority and Abu Dhabi Future Energy Company PJSC (Masdar). On his work visit to the UAE, speaking to captains of industry during a roundtable meeting in the United Arab Emirates (UAE) yesterday (5-10-2023), he emphasised Malaysia’s commitment to implementing good and clear policies with regard…
Japanese shipping firm Mitsui O.S.K. Lines, Ltd (MOL) and EDF Renewables have signed a pact to co-operate for the the development of offshore wind and related business and to focus on the developments in green hydrogen. As per the pact, both partners will collaborate and leverage their respective expertise and experience in offshore wind energy, as well as in green hydrogen solutions. EDF Renewables and MOL aim to contribute to offshore wind energy goals and meet hydrogen strategies towards a net zero carbon future, said the firm. Frèdèric Belloy, Executive Vice President of International Operations for EDF Renewables, said, “We…
Chinese firm Ningbo Shanshan, the world’s largest supplier of electric car battery materials has ambitious plans to invest up to 1.28 billion euros ($1.35 billion) in a new project in Finland. The project is a part of the Chinese company’s plan to expand its overseas presence and meet growing demand, said the firm. The project, undertaken by the subsidiary Shanghai Shanshan Lithium Battery Material Technology Co. Ltd., will involve the construction of a facility capable of producing 100,000 tons of lithium-ion battery anode materials a year, according to the recent stock exchange filing by the firm. Shanshan said that it…
Hong Kong’s Unity Group, a green energy services firm, has launched a joint venture with an Abu Dhabi-based firm Lead International Investment, to optimise energy efficiency in 700 commercial and residential buildings in Abu Dhabi. Lead is a holding subsidiary of investment company Ethmar International Holding (EIH), an Abu Dhabi based investment company chaired by UAE politician and royal Sheikh Hamdan bin Mohammed bin Zayed al Nahyan, who is a son of the late Sheikh Zayed bin Sultan al Nahyan, Founder of the UAE. Unity Group also has plans to expand across the UAE and the Middle East, the firms…
Thailand based, Prime Road Power, an operator of solar farms and provider of solar panel installation services, aims to increase clean power generation capacity to 1,800 megawatts across Asia within five years. This was disclosed by Chairman and Founder Somprasong Panjalak. “The company’s current capacity is 307.5MW. Part of the new capacity will come from Prime Road’s energy projects in Taiwan, where the authorities are promoting investment in clean energy,” said Somprasong. It may be noted that the Taiwanese government plans to increase renewable power generation capacity to 20 gigawatts by 2025, which is presently 7.7 GW. As per the…
PLN Nusantara Power, an Indonesian state-owned electricity generator and Abu Dhabi-based Masdar will collaborate to expand the Cirata Floating PV (FPV) power plant in West Java in Indonesia by up to 500MW. The UAE Embassy of Indonesia hosted the ceremony at the UAE-Indonesia Economic Forum to deepen the clean energy partnership between the two nations. It is reported that the Cirata floating PV power plant on the Cirata Reservoir in West Java, Indonesia, is scheduled to start generating 145 MW by the end of this year. The companies did not disclose information about the completion of the expanded second phase…
Bina Darulaman Bhd (BDB), the Kedah government’s investment holding company, under its newly set up renewable energy unit BDB Energy Sdn Bhd, is joining hands with a local solar energy firm, Pumar Solar Power Sdn Bhd to pursue solar energy opportunities in the country jointly. It is BDB’s first venture into the renewable energy sector. In its bourse filing recently, BDB said, “ BDB Energy has inked a Memorandum of Understanding (MOU) with Pumar Solar Power, which outlines the terms of their collaboration, with a specific focus on exploring opportunities in Kedah, besides other potential states.” “This partnership holds paramount…
Chinese photovoltaic firm LONGi has signed a letter of intent to supply advanced modules for several solar projects in Indonesia. To this end, the firm has signed the letter with a number of major players in the Indonesian energy industry that includes miner PT Adaro, oil and gas firm PT Medco and power developer PT Energi Baru TSB. It is expected that the deal would benefit from a Singaporean initiative to import 4GW of low-carbon electricity from overseas, a project introduced in 2021. It is reported that Singapore currently imports 3 GW of such electricity, with 2 GW of this…
It is a win-win situation for Laos and other ASEAN countries as they strive to move away from fossil fuel consumption and toward renewable energy sources. The move has allowed countries like Laos to increase its renewable power generation capacity. According to reports, Singapore, whose primary source of energy is natural gas (95 percent), is trying to make a shift towards importing 30 percent of its energy supply from 4 gigawatts of low-carbon electricity by 2035. It may be noted that around 80 percent of the electricity produced by Laos is sold to neighboring countries, Thailand and Vietnam, making up…