Hoang Thinh Dat Corporation and China-based Hainan Drinda New Energy Technology have signed a Memorandum of Understanding (MoU) concerning investment in the Hoang Mai II Industrial Park project. As part of the MoU, Hainan Drinda New Energy Technology Co., Ltd., specializing in high-performance photovoltaic cells manufacturing, plans to establish a cutting-edge facility within the Hoang Mai II Industrial Park. This endeavor signifies the company’s strategic focus on the Southeast Asian market, with Vietnam being a prime investment destination. The collaboration aims to leverage advanced technology and foster employment opportunities, with projections indicating the creation of over 4,000 jobs upon operational…
Author: Akash
SUSI Partners, through the SUSI Asia Energy Transition Fund, has entered into an investment agreement with experienced Southeast Asian developer Alba Renewables to support the development, construction, and operation of utility-scale, ground-mounted solar PV and onshore wind projects in the Philippines. The transaction will see SUSI participate in the buildout of a regional utility-scale renewables platform with a focus on the Philippines while supporting Alba’s broader growth plans across Southeast Asia. SUSI’s investment will focus on funding the construction of designated projects over the next 24 months and enable Alba to upscale their development activities and operational capacity. Benefitting from…
Honda Philippines, Inc. (HPI) has announced the inauguration of its 1.056 MW rooftop solar power project in partnership with Skye Renewables. This collaboration with Skye Renewables, now entering its operational phase at HPI’s manufacturing plant in Tanauan, Batangas, marks a crucial step towards achieving the company’s global carbon neutrality goal by 2050, stated Honda in a statement. On partnership with Skye Renewables, President of Honda Philippines, Inc., Sayaka Arai-Hattori, emphasised the company’s commitment to environmental responsibility, stating, “We are not just a company that manufactures and sells products; we strive to be a positive force for society.” She added, “This…
Jentayu Sustainables Berhad has announced that Project Oriole has progressed further in its approval process as they have now received an Initial Letter of Notification (ILON) from the Energy Commission of Sabah (ECOS), representing the state government of Sabah while they have also received a key approval with conditions from the Securities Commission regarding the acquisition of Telekosang Hydro (40MW) and Jentayu Solar (5.99MW) assets. Project Oriole Project Oriole is a RM 2.8 billion 170 MW run-of-river hydropower plant that will be located in Sipitang Sabah. It is being developed in line with the Sabah Energy Road Map and Master…
Export-Import Bank of Thailand (EXIM Thailand) and GreenYellow Thailand and Asia have signed a pact regarding a credit facility agreement worth 1,109 million baht, benefiting GreenYellow Solar 3 (Thailand) Co., Ltd. (GY3). The signing ceremony took place at EXIM Thailand’s Head Office. Dr. Rak Vorrakitpokatorn, President of the Export-Import Bank of Thailand (EXIM Thailand), and Mr. Frank Glück, Chief Executive Officer of GreenYellow Thailand and Asia have signed the pact at the ceremony. EXIM Thailand’s President highlighted that this financial facility is geared towards amplifying the role of world-class energy businesses in solar cell system investments, installations, operations, and maintenance…
Nepal Electricity Authority (NEA) sought financial aid from the Asian Infrastructure Investment Bank (AIIB) to actualize its ‘Energy Development Roadmap and Action Plan 2023.’ In a meeting held between the AIIB’s board of directors and the NEA Managing Director Kulman Ghising, they requested the bank to increase investment for electricity infrastructure improvement and expansion of projects. According to the NEA, Ghising requested the AIIB delegates to provide the power utility with concessional loans for the project. Ghising said large investments are required to build production, transmission, and distribution structures for adequate, reliable, quality, and safe electricity supply, to expand electricity…
BCG Energy, Bamboo Capital Vietnam member, recently signed a cooperation agreement with SK ecoplant, a subsidiary of SK Group, and a renewable energy investor. They collaborated to build a solar and wind power plant with a capacity of 700MW in Vietnam. They signed a deal in Seoul on March 22, after which the two companies can jointly develop the 700MW project. This deal was designed to consist of 300MW of onshore wind power, 300MW of rooftop solar power, and 100MW of onshore solar power. Till December 2023, BCG Energy has operationalized a neared 700MW renewable energy capacity. The company plans…
PermataBank has disbursed a green financing facility of Rp500 billion to SUN Energy for the development of solar energy projects in Indonesia. Through the implementation of this green financing, PermataBank plays a strategic role in disbursing facilities for Renewable Energy Projects (EBT) as part of the bank’s commitment to mitigate climate risks and reduce carbon emissions in banking activities, stated the media statement by SUN Energy. Evi Hiswanto – Chief Corporate Banking PermataBank explained, “The collaboration with SUN Energy is one of our strategic commitments to increase environmentally friendly financing, involving clients to promote sustainable practices and support their transition…
Nissan and Mitsubishi Corporation recently collaborated to explore new business in next-generation-mobility and energy-related services utilizing electric vehicle (EVs). Nissan Motor Co., Ltd. (Nissan) and Mitsubishi Corporation (MC) signed a memorandum of understanding to explore a new joint initiative in next-generation-mobility and energy-related services utilizing electric vehicles (EVs) to contribute to solving regional societal issues and to creating vibrant future communities. Japan has been addressing issues such as driver shortages due to a declining population, and difficulties maintaining public transportation services due to decreasing numbers of users. Nissan and MC have also undertaken various initiatives to solve these challenges. Nissan’s…
Prime Minister Narendra Modi approved a memorandum of understanding (MoU) signing between India and Bhutan. Through this agreement, they extended cooperation in the field of energy efficiency and energy conservation measures. As part of this MoU, India aimed to assist Bhutan in enhancing energy efficiency in their household by promoting a star labeling program. This program was developed by the Bureau of Energy Efficiency. They formulated building codes, to suit the climate condition of Bhutan. The creation of a pool of energy professionals in Bhutan was envisaged by institutionalizing the training of energy auditors. This MoU was signed between the…