Author: Akash

REDEX will be an exclusive partner to TNBX to support the development of the Malaysia Green Attribute Trading System (mGATS) into the country’s preeminent digital trading platform for Malaysia Renewable Energy Certificates (mREC). The upgraded platform will provide a new avenue for businesses to conveniently pursue their renewable energy commitments and accelerate the nation’s pursuit of a sustainable energy future. Launched five years ago as an information hub on RECs, the revamped mGATS will leverage REDEX’s innovative technological solutions to facilitate live trading and auctions while providing users with price transparency for mRECs acquisition. REDEX Founder and CEO Kang Jen…

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In the Philippines, Longi Hi-MO X6 was deployed on the rooftops of a nearby chicken farm in collaboration with the farm, setting a new standard for sustainable and low-carbon agriculture. Solar power is viewed as a game-changer in lowering operating costs and enhancing the competitiveness of the agriculture sector amid skyrocketing global energy costs. The Philippines’ poultry farm has adopted Hi-MO X6 by Longi, which is expected to generate 300,000 kWh annually. This energy source will meet the farm’s energy needs and result in a net reduction of 4439 tons of CO2 emissions over the course of its lifetime, which…

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The United States Mission to Vietnam has announced that the United States Agency for International Development (USAID) and Standard Chartered Bank (Vietnam) have signed an MoU for achieving net-zero emissions by 2050. In his remarks, USAID/Vietnam Mission Director Grubbs emphasized the importance of this partnership in facilitating financing for the private sector to spearhead Vietnam’s advanced clean energy initiatives. He highlighted the MOU as a model for expanding collaboration with financial institutions to accelerate the nation’s ambitious net-zero emissions goal. This partnership underscores the United States’ commitment to Vietnam’s transition to a clean, secure, and market-based energy sector, aligning with…

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Gstar, photovoltaic making firm, has initiated the construction of a state-of-the-art silicon rod and wafer factory in Jakarta, Indonesia. The groundbreaking ceremony marks a pivotal moment in the company’s strategic expansion and commitment to vertical integration within the global solar energy sector. Spanning across 60,000 square meters, the modern facility is poised to revolutionize silicon wafer production with its fully digitalized and intelligent manufacturing processes. Equipped with advanced production equipment and technologies, the factory aims to establish itself as a leading global hub for silicon wafer production. Scheduled to commence production by the close of 2024, the factory targets an…

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G7 leaders tasked the International Renewable Energy Agency (IRENA) to track and monitor the group’s collective contribution toward the global renewable tripling target by 2030. The target was established by the UAE Consensus last November at COP28, aligning global climate ambitions with IRENA’s 1.5°C pathway, mapped out by the Agency’s World Energy Transitions Outlook. “Trust and transparency go hand in hand,” said IRENA Director-General Francesco La Camera, who is attending the G7 Ministers’ Meeting on Climate, Energy and Environment. “IRENA will respond swiftly to the request by G7 members to track the group’s progress toward the global target to triple…

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Leading solar player Trina Solar, which has a strong presence across the supply chain from modules to trackers to mounting systems and ESS, announced its financial results for 2023 and the first quarter of 2024 . The company reported revenue of $16.09 billion (RMB 113.392 billion) for 2023, 27.26% more than in 2022. The final quarter of 2023 saw it doing $4.93 billion in revenues. the first quarter of 2024 however saw it bow to industry trends, thanks to the drop in module prices seen since middle of 2023. Revenue at RMB18.3b was down 14% from 1Q 2023, with Net…

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German wooden wind turbine blade manufacturer Voodin Blade Technology has announced the world’s first prototype installation of its 19.3-meter wooden wind turbine blades. The blades are installed on an existing wind turbine in Breuna, Germany. The turbine is made of laminated veneer lumber (LVL) a material that is more sustainable than current materials and enables noticeably better recycling of decommissioned blades, a high level of automation – which is not possible with current materials – and more flexibility. Voodin Blade Technology’s wooden wind turbine blades are made of LVL. Wood is a much more sustainable raw material than the currently used…

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Heterojunction (HJT) product manufacturer Huasun Energy has unveiled high-efficiency modules, featuring zero busbar (0BB) technology. This cutting-edge advancement has been seamlessly integrated into Huasun’s mass production lines, including the Himalaya G12 Series and Everest G12R Rectangular Series of large-format modules. Leveraging innovative improvements in printing processes, front-layer welding, fine solar ribbons, ultra-thin silicon wafers, encapsulation, and sealing techniques, Huasun has significantly elevated the electrical, optical, and temperature coefficient performance of HJT modules, enhancing the market competitiveness of its product lineup. As per Huasun, while 0BB technology is advancing towards industrialisation, variations exist among companies regarding specific implementation methods. Huasun’s approach…

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American Alliance for Solar Manufacturing Trade Committee of US solar manufacturers represented by DC law firm Wiley Rein LLP, filed a set of antidumping and countervailing duty petitions with the US International Trade Commission (USITC) and the US Department of commerce. The companies subject to this investigation would be primarily Chinese-headquartered companies. The move comes at a time when much like Europe, inventory levels of panels in the US has peaked to what many consider over a year’s supply, severely threatening future demand. This petition was presented to investigate potentially illegal trade practices by Cambodia, Malaysia, Thailand, and Vietnam that…

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Citicore Renewable Energy Corporation (CREC) has secured a financing arrangement with Rizal Commercial Banking Corporation (RCBC) for the funding of multiple solar power plant projects with a combined installed generating capacity of at least 600MWdc and up to approximately 1GW of solar energy capacity. The financing deal, arranged by RCBC Capital Corporation, is slated to reach up to PhP20 Billion in funding, starting with the signing of an initial tranche of PhP9 Billion. The structure is believed to be the first-of-its-kind project financing in the Philippines, which covers various project portfolios instead of the typical per-project financing structure, stated Citicore.…

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