The power and infrastructure conglomerate of Thailand, Gulf Development Public Company Limited (GULF), has secured THB 60,000 million in loan facilities to accelerate the development of 27 renewable energy projects, strengthening its push toward a Net Zero target by 2050. The financing, led by Chief Executive Officer Sarath Ratanavadi and Chief Financial Officer Yupapin Wangviwat, has been channelled through GULF’s renewable energy and waste-to-energy subsidiaries. The funding supports a combined renewable portfolio of 939 MW, comprising 15 solar and solar plus battery energy storage system (BESS) projects with a total capacity of 843 MW, alongside 12 industrial waste-to-energy projects totalling…
Author: junaid shah
Vietnamese automobile manufacturer Kim Long Motor has announced a partnership with China’s BYD to develop a $130 million battery manufacturing facility for commercial electric vehicles in central Vietnam. According to a company statement issued on Tuesday, Kim Long Motor will finance the construction of the plant, while BYD will provide comprehensive technical and technological support under the agreement. Plant Capacity and Project Scope The battery plant will be built on a 4.4-hectare site and is designed with an initial production capacity of 3 gigawatt-hours (GWh) per year. The facility will manufacture batteries primarily for commercial electric vehicles, including buses, trucks,…
The Middle East region is at the heart of the energy world, technically and geographically. In fact, the energy sector is the backbone of the Middle East’s economy, powering industries, driving exports and fueling global innovation. With nations now moving away from fossil-fuel-based energy and the increasing demand for renewable energy generation, the Middle East region is also making notable progress in solar manufacturing. The Middle East is on track to attract more than $100 billion annually in strategic capital expenditure, of which the energy sector, including the renewable segment, forms a major part, according to a comprehensive industry outlook…
The Association of Southeast Asian Nations (ASEAN) – including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam – ranks as the world’s fourth-largest energy consumer, with demand rising 3 percent each year. Every ASEAN member has set 2030 Nationally Determined Contribution (NDC) goals. Priorities include renewables, cross-border transmission, and low-carbon innovations like carbon capture and storage (CCS) and hydrogen. Still, despite net-zero pledges, the region depends heavily on fossil fuels, especially coal. One study shows conventional fossils powering over 73 percent of ASEAN’s electricity, with emissions climbing. Meeting national goals fully would lift renewables’ share from…
Vestas has received a 390 MW order for the Shinan-Ui offshore wind project in Jeollanam Province, South Korea, marking its first offshore wind order in the country. Project developer and consortium structure The Shinan-Ui offshore wind project is being developed by Shinan-Ui Offshore Wind, a consortium consisting of Hanwha Ocean, SK Eternix, KOMIPO (Korea Midland Power Co., Ltd.), Future Energy Fund, and Hyundai Engineering & Construction. The diversified consortium brings offshore engineering, utility expertise, financial backing, and EPC capabilities to deliver one of South Korea’s flagship offshore wind projects. Turbine supply and long-term service The order includes 26 V236-15.0 MW…
The California Energy Commission has issued its final permit for the Willow Rock Energy Storage Center, a 500 MW/4 GWh project, that will deploy compressed-air technology by Hydrostor, marking a major milestone in long-duration energy storage deployment. It is a first-of-its-kind energy storage system capable of discharging at full power for up to eight hours Hydrostor plans to break ground on the project in mid-2026. Once operational, the Willow Rock facility is expected to have a lifespan of 50 years. Technology The project will utilize Hydrostor’s underwater compressed air energy storage (UWCAES) technology. This innovative approach stores energy in the…
SEG Solar is a US-owned solar module manufacturer founded in 2016 and headquartered in Houston, Texas. SEG Solar is part of the Avangrid Iberdrola Group network, providing access to substantial financial resources and strategic partnership opportunities. SEG Solar operates a strategically distributed manufacturing footprint across the United States and Indonesia, positioning itself to serve both North American and international markets. The company has three primary manufacturing bases – facilities in Houston, Texas; Batam, Indonesia; and Central Java, Indonesia. By the end of 2024, SEG Solar had achieved a module production capacity of over 6GW and successfully shipped more than 6GW…
TotalEnergies and Google have signed a 21-year Power Purchase Agreement (PPA) under which TotalEnergies will supply Google with 1 TWh of certified renewable electricity, equivalent to 20 MW of capacity, from the Citra Energies solar plant in northern Kedah province. The project is designed to power Google’s data center operations in Malaysia, aligning with the tech giant’s global clean energy ambitions. The PPA will come into effect once the project reaches Financial Close, which is expected in the first quarter of 2026. Project Details and CGPP Framework The Citra Energies solar farm is scheduled to begin construction in early 2026…
The United Kingdom (UK) and the Philippines have marked a milestone in their climate collaboration with the official launch of the new Philippines Country Fund under the UK Partnering for Accelerated Climate Transitions (UK PACT) programme. Held in Manila, the event underscored both nations’ shared commitment to advancing low-carbon development through technical assistance and institutional capacity-building. The UK PACT initiative supports partner countries in speeding up their transitions to net-zero economies. In its first year of implementation, the Philippines-UK PACT Country Fund will concentrate on the energy sector. The sector is identified as a key priority area aligned with the…
Best Power Equipments Private Limited (BPE), an Indian power solutions provider, has entered into a partnership with Powerlines Digital Concepts Corporation (PDCC), an electrical and engineering solutions firm in the Philippines. This collaboration focuses on advancing Battery Energy Storage Systems (BESS). The partnership aims to jointly deliver innovative Battery Energy Storage Solutions across diverse applications in the Philippines. PDCC’s initial product order is valued at USD 200,000. Amitansu Satpathy, Managing Director of BPE, said, “We are delighted to partner with Powerlines Digital Concepts Corporation in furthering our vision of expanding access to reliable and sustainable power solutions across Southeast Asia.…