The Davao Oriental provincial government has signed a deal with power firm Dy Green Energy to explore the development of the province’s first 50-megawatt (MW) solar power plant in the Philippines. According to the memorandum of agreement (MOA), the Solar Power Generation Plant (SPGP) will be situated on a 40-hectare land in Barangay Maputi, Banaybanay town, which the provincial government will acquire and, in turn, lease to the company for 15 years, . Provincial Information Officer Kare Lou Deloso, said, “Both parties will begin the project as soon as the land acquisition is completed and the SPGP obtains the required…
Author: Saur News Desk
Sunview Group Bhd has tied up with UOB (United Overseas Bank) Malaysia to provide installation and management services of solar power systems for local businesses and consumers. The services will be provided through its wholly-owned unit Fabulous Sunview Sdn Bhd. It will ovide services in the development, planning, procurement, as well as construction and maintenance of solar photovoltaic (PV) systems for commercial, industrial, residential and large-scale solar (LSS) projects, said the firm in a statement. The finances for the project will be provided by UOB Malaysia, to complete the projects as well as supply chain support, including access to the…
TUV Rheinland, a provider of technical, safety, and certification services, has launched its first-ever Hydrogen Safety Training Courses to support the growing Hydrogen Industry in Hong Kong. In his 2022 Policy Address, the Chief Executive announced to commence trials on Hydrogen Fuel Cell double-deck buses and heavy vehicles in 2023 and formulate the long-term strategies for the application of hydrogen energy in road transport by 2025. In preparation for the technology’s local application and the development of supporting facilities, the Inter-departmental Working Group on Using Hydrogen as Fuel, led by the Environment and Ecology Bureau (EEB), has approved six trial projects…
A consortium of Japanese Sumitomo Corporation and Parker Bangladesh is setting up a 200MW solar power plant in the Barapukuria coal mine area in the North-Western Dinajpur district, Bangladesh. The plant is composed of a 50MW floating and a 150MW ground-mounted units. The floating unit will be installed in two reservoirs covering 109 and 95 acres, while the ground-mounted unit will be installed on 448.17 acres of land. According to officials at the Power Division, Prime Minister Sheikh Hasina has already approved the plant. As per reports, Sumitomo Corporation is also constructing a Japanese economic zone in Narayanganj. In addition,…
In a significant step towards a more sustainable energy future for Malaysia, Majuperak Holdings Bhd (MHB), a subsidiary of Perak State Development Corp (PKNPk), has recently signed a memorandum of understanding (MOU) with SPIC Energy Malaysia Bhd, a subsidiary of State Power Investment Corporation (SPIC), one of China’s largest electricity generating companies. It is a collaborative effort to explore the potential development of ground-mounted and floating solar photovoltaic projects in Perak. It also aims to explore potential joint ventures for engineering, procurement, construction, and commissioning services to potential investors. This initiative aligns with the 12th Flagship Perak Sejahtera 2030 program,…
Asia Pacific (APAC) solar power market size was US$ 317.4 billion in 2022 and is projected to reach US$ 2,486.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 25.7% during the forecast period from 2023 to 2031, as per the Astute Analytica market report. As per the report, the Asia Pacific region has established itself as a powerhouse. The Asia Pacific solar power market is expanding due to falling solar panel prices, a focus on distributed solar power generation, and rising energy storage demand. It said India has advanced significantly in the Asia Pacific solar power…
Around 380 GW of capacity by 2032 is expected to be added to the global offshore wind industry. Nearly half of this will come from the Asia-Pacific (APAC) region, according to the industry body the Global Wind Energy Council (GWEC). “The APAC region, along with a number of other new countries turning to offshore wind for their energy needs, represents the next frontier for the industry,” said the report. Around 180GW of additional capacity has been identified in the APAC region outside of China, with Australia alone accounting for more than 50 GW, according to the Global Offshore Wind Report…
The Philippines is banking on the Middle East to seek investments of billions of dollars worth in renewable energy (RE) to sustain the country’s socioeconomic transformation until 2040. This was disclosed by the National Economic and Development Authority (NEDA),recently, in a statement. Dwelling on the visit of Philippines officials to the ME nations viz. Dubai and Qatar, it said in a statement that during the Philippine Economic Briefing in Dubai, United Arab Emirates, Socioeconomic Planning Secretary Arsenio M. Balisacan said the country needs $103.6 billion in RE investments until 2040. This will allow the economy to attain its target mix…
Though Vietnam is moving ahead towards implementing renewable energy plans, the latest reports say that the renewable energy firms in the country have recorded declining earnings results. The reason is the burdens on corporate bond payments. As per the local reports, one of the firms is Xuan Thien Group, one of the major investors in the energy sector, with two clusters of solar power projects in Ninh Thuan and Dak Lak. Besides solar power, the group also invests in hydropower, with 20 projects with a total capacity of 400 MW developed to date. The reports quoted Nguyen Van Thien, Chairman…
Two production sites of PREMO Vietnam Co. Ltd in Quang Nam Province, Vietnam is installed with rooftop solar, which was completed by Spain’s TotalEnergies. As per the statement, TotalEnergies completed the building of 1 megawatt-peak (MWp) Rooftop Solar Photovoltaic (PV) System at the sites. PREMO is a leading provider of electromagnetic motion tracking sensing solutions and designs. This PV system will power about 25% of the facilities with renewable energy. With over 1,700 of modules installed, the PV system will generate approximately 1,350 megawatt-hours (MWh) of renewable electricity annually. PREMO Vietnam will achieve cost savings for the facilities and reduce…