China’s largest ocean-going cargo ship, the “Yuanhai Kou,” a solar and LNG dual-fuel car carrier, embarked on its maiden voyage from Nansha, Guangzhou, carrying vehicles primarily produced by Chinese brands. More than 90% of the cars onboard are new energy vehicles destined for countries including Greece, Turkey, Italy, and Tunisia.The vessel measures 199.9 metres in length, with a gross tonnage of 68,252 tons and a displacement of 39,069 tons. It features 12 vehicle decks—eight fixed and four movable—with a total loading capacity of 7,000 standard car parking spaces. It can transport various types of vehicles, including sedans, engineering vehicles, buses,…
Author: Chitrika Grover
Floating photovoltaic systems offer an innovative solution for generating renewable energy, especially in regions with limited land area. They enable an improved electricity production through water cooling effects and efficient space utilization, while contributing to water conservation by reducing water evaporation.As an impact and climate financier, DEG is supporting the development, construction and operation of a 60MW floating solar power plant on the island Java in Indonesia for the first time. It acts as an arranger for a financing of around USD 60 million for ACWA Power Company and state-owned entity Indonesia Power Renewables, who are jointly developing the floating…
Union Minister of Power and Housing & Urban Affairs, Shri Manohar Lal, undertook a significant visit to Nepal today, marking a new chapter in India-Nepal energy cooperation. Accompanied by Nepal’s Minister of Energy, Water Resources & Irrigation, Shri Dipak Khadka, and senior officials from both nations, the Union Minister reviewed key bilateral energy initiatives aimed at enhancing regional connectivity and sustainable power development. During his visit to the 900 MW Arun-3 Hydroelectric Project in Nepal’s Sankhuwasabha district, Shri Manohar Lal reviewed the progress of this landmark project being developed by SJVN Limited, a leading Indian public sector enterprise. The Arun-3…
Chinese solar manufacturer LONGi has announced a new record for solar cell efficiency, reaching 27.81% for its Hybrid Interdigitated Back Contact (HIBC) crystalline silicon solar cell.The figure was certified by Germany’s Institute for Solar Energy Research Hamelin (ISFH), the company said in a statement. The result marks a new milestone in the photoelectric conversion efficiency of monocrystalline silicon photovoltaic (PV) cells.LONGi has made a series of advances in recent years. In November 2022, it set a record at 26.81%, before raising it to 27.3% in May 2024. The company has since achieved successive improvements, culminating in the latest result of…
Bharat Petroleum Corporation Limited (BPCL) and Sembcorp Green Hydrogen India Private Limited, a subsidiary of Sembcorp Industries (Sembcorp) have entered into a joint venture (JV) agreement. Following its earlier announcement on September 13, 2024, the latest agreement between the both the companies would explore renewable energy and green hydrogen projects across India. This strategic partnership aims to support India’ energy transition and development goals.The JV will also consider projects in green ammonia production and bunkering, emissions reduction for port operations and other emerging green fuel technologies. The potential projects will leverage Sembcorp’s renewables experience and BPCL’s expertise in the petroleum…
Trinasolar International System Business Unit (ISBU), the utility-scale solar and battery storage development arm of Trina solar Co., Ltd, has signed a a 20-year renewable energy PPA with Equinix, a global data center provider. The agreement will allow Trina ISBU to supply solar power generated from the 30MW Yufutsu Abira Project in Hokkaido. The project is expected to supply electricity from 2028 Q3. This PPA marks a significant step in Trinasolar ISBU’s transition from a renewable solutions provider to a clean energy supplier in Japan. It supports Equinix’s long-term sustainability goals and commitment to reducing carbon emissions across its operations. “Trinasolar…
Pentagreen Capital (Pentagreen) and British International Investment (BII) have announced joint financing of US$80 million to accelerate the rollout of utility-scale solar and battery storage projects across Southeast Asia. These companies are developing their latest project in collaboration with ib vogt Singapore Pte. Ltd. (ib vogt), an international renewable energy development platform. Pentagreen is the sustainable infrastructure debt financing platform established by HSBC and Temasek in 2021. BII is the UK’s development finance institution and impact investor. The joint US$80 million Development and Construction Facility (the Facility) will finance the development and construction of solar, hybrid solar, and battery storage projects…
India’s adoption of carbon capture, utilisation, and storage (CCUS) is crucial for the country’s decarbonisation efforts, but a new report from Wood Mackenzie states that substantial government support of US$4.3 billion at today’s prices will be necessary to ensure the viability of the projected capacity. The report, ‘Country insight: five ways India could enable CCUS,’ highlights that the development of a better carbon market could significantly decrease the reliance on direct government support and enhance the overall feasibility of CCUS projects. The country is all set to define emission targets for nine key sectors and begin carbon trading from 2026.…
Peak Energy Development Pte Ltd. (“Peak Energy”), a leading renewable energy developer and independent power producer with operations across Asia, has acquired a 1MW solar rooftop installation in Singapore, further expanding its renewable energy portfolio.In parallel, Peak Energy has entered into a Virtual Power Purchase Agreement (vPPA) contract with Arkema Pte Ltd. (“Arkema”), a global leader in specialty materials production, for its Symphony Plant located on Jurong Island, the world’s largest integrated bio-factory. Through this agreement Peak Energy will help Arkema achieve its Science Based Targets initiative (SBTi)-approved goal of a 48.5% reduction in Scope 1 + 2 greenhouse gas…
A seismic shift in Asia’s green economy is underway. The Institute of Strategic & International Studies (ISIS) Malaysia and the Council on Energy, Environment and Water, two major think-tanks, have inked a memorandum of understanding (MoU) to expedite India-Malaysia cooperation on sustainability. The MoU is one of the outcomes of a joint Institute of Strategic & International Studies Malaysia and the High Commission of India in Kuala Lumpur’s conference titled ‘India’s Act East Policy in the second decade: perspectives from ASEAN and India.’As both India and Malaysia scale up their climate ambitions, this collaboration will serve as a launchpad to…