Scatec ASA, a leading renewable energy provider, has signed an agreement to sell 39-megawatt (MW) Dam Nai Wind farm and the associated operating company in Vietnam to Sustainable Asia Renewable Assets (SARA), a utility-scale renewable energy platform of the SUSI Asia Energy Transition Fund (“SAETF”). Scatec will receive an upfront consideration of USD 27 million for its 100% equity stake at completion, with potential for additional earn-out payments of up to USD 13 million that are subject to certain conditions being fulfilled prior to May 2026.“We have decided to exit Vietnam after operating the Dam Nai wind farm since the…
Author: Chitrika Grover
The Asian Development Bank (ADB) has approved a $100 million policy-based loan to support Sri Lanka’s water supply and sanitation sector reforms to enhance the country’s resilience to climate change impacts and promote long-term sustainability. The Water Supply and Sanitation Reform Program, composed of two subprograms of $100 million each, will contribute to a more resilient and sustainable delivery of water supply and sanitation services. Subprogram 1 will establish policies and strategies nationally and for the National Water Supply and Drainage Board (NWSDB) while the subprogram 2 will support the implementation of reform actions and guidelines. “Efficient delivery of safe…
Horizon Fuel Cell electrolyzer subsidiary HET Hydrogen Pte Ltd is working with a long-term Horizon distribution partner on the new Joint Venture (JV), Indify Fuel Cell Private Ltd, which aims to establish assembly facilities capable of turning out GW quantities of electrolysers in two stages, with the startup phase able to assemble at least 100MW per year, expected to be operational early 2026. Green hydrogen is being prioritized under the Government of India’s “Green Hydrogen Mission”, which foresees and incentivises massive uptake of sustainable hydrogen in search of cleaner industry, decarbonised transportation and new export opportunities. HET expects to play…
Actis, a leading global investor in sustainable infrastructure, has agreed to enter a strategic partnership with Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy Corporation, to invest in the Terra Solar Project, poised to be the world’s largest integrated renewables and energy storage project. The transaction represents the largest foreign direct investment for a greenfield infrastructure project in the Philippines and will see Actis bring its rich experience in contracting, building, and operating infrastructure assets to the project. The project, which is strategically located on the Philippines’ main island of Luzon, about 100km from Manila, will combine…
Trina Solar published its financial report for the first half of 2024 on Aug 30, reporting revenue of $6.047 billion and net profit attributable to the parent of $74.058 million, reflecting two consecutive quarters of profitability. Over the six months the company delivered 34GW in PV modules, 1.7GWh of DC container and energy storage systems and 3.2GW of solar mounting systems, highlighting and consolidating its leadership in smart PV and energy storage solutions.Achieving robust growth in PV, solar tracker and ESS businessIn the first half of the year Trinasolar shipped 34GW of modules, 25.9% more than in the corresponding period…
Vanda RE Pte, a joint venture company majority-owned by Gurīn Energy Pte Ltd, has signed a framework supply agreement with Trinasolar, a global leader in smart photovoltaic (PV) and energy storage solutions. This partnership represents a major step forward in progressing Vanda RE’s renewable energy export project in Indonesia.Under this agreement, Trinasolar will supply 1.2GW of its industry-leading Vertex N n-type i-TOPCon advanced technology based on the 210mm product technology platform.Trinasolar’s n-type i-TOPCon module recently broke the world record for power output, reaching 740.6W in a lab setting. Testament to its reliability, high energy yield, outstanding performance and quality, Trinasolar…
Aslan Energy Capital, Singapore, and PT Calypte Sugi Power, Indonesia recently signed a Memorandum of Understanding (MoU), to develop a power generation hub in Sugi Island, Riau Islands Province in Indonesia. The focus of the power hub is to develop largescale solar and sustainable clean power generation capacity in the Riau Islands province. Initial planning targets 1 GW solar power production capacity by Q3 2026, with definitive plans to achieve up to a combined 2 GW of solar power generation capacity by Q4 2027, leveraging the unique and favourable conditions for clean energy development on Sugi Island.”The Sugi Power Hub…
Trina Solar, a global leader in smart photovoltaic (PV) and energy storage solutions, is proud to announce the commercial operation of its latest agrivoltaics project in Fukuchiyama, Kyoto Prefecture. Developed by its International System Business Unit (ISBU) arm, which specializes in the production and delivery of utility-scale solar projects for the global market, this large-scale initiative represents a significant milestone for its operations in the Japanese market, demonstrating the potential of agrivoltaics to harmonize renewable energy production with agricultural activities.The Fukuchiyama project utilizes 3,392 of Trina solar’s ultra-high power Vertex N 720W series modules (TSM-690NEG21C.20), incorporating the latest 210mm wafer…
Thiru. M.K. Stalin, Chief Minister of Tamil Nadu recently virtually laid the foundation stone for a state-of-the-art green ammonia plant in Tuticorin, Tamil Nadu.In his address the Chief Minister said, “Tamil Nadu has been a frontrunner in renewable energy initiatives, playing an important part in advancing India’s energy transition targets. I am confident that this project in Tuticorin will be a stepping stone to establish Tamil Nadu as a global hub for green hydrogen production. This collaborative project reflects the commitment of all the partner nations – India, Singapore, and Japan – to work towards a sustainable future for the…
Solarvest Holdings Berhad (Solarvest), a Malaysian clean energy solutions provider, and Agmo Holdings Berhad (Agmo), homegrown digital solutions and application development specialist, entered a strategic joint venture to codevelop digital clean energy applications for the advancement of the clean energy sector.Witnessed by the Deputy Prime Minister and Minister of Energy Transition and Water Transformation, Dato’ Sri Haji Fadillah Bin Haji Yusof, during the 6th International Sustainable Energy Summit (ISES) 2024, this partnership is expected to undertake a major digital transformation in Malaysia’s clean energy sector by providing comprehensive digital solutions that benefit both consumers and providers of clean energy.The joint…