The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has partnered with OCI TerraSus Sdn. Bhd., a subsidiary of South Korea’s OCI Holdings, to develop first semiconductor-grade polysilicon manufacturing facility of Southeast Asia in Malaysia. The project will be supported by up to $125 million in financing from IFC. Strategic Investment in Semiconductor Supply Chain The collaboration aims to strengthen Malaysia’s role in the global semiconductor supply chain while supporting the country’s transition toward high-value manufacturing. The project is also expected to generate skilled employment and enhance OCI TerraSus’s environmental, social, and governance (ESG) standards. At…
Author: junaid shah
The Gia Lai Provincial People’s Committee signed a memorandum of understanding (MoU) with VinEnergo Energy Joint Stock Company to explore investment opportunities for a large-scale wind power project in the province. The agreement outlines cooperation on research and field surveys for the proposed Gia Lai Wind Power Plant Complex. Two-Phase Development with Regional Scale Under the MoU, both parties will coordinate closely to advance studies and preparatory work for the project, which is planned in two phases. The first phase is expected to deliver a capacity of around 2,000 MW, with a subsequent expansion to approximately 3,000 MW in the…
Envision Energy has successfully installed the first 8 MW wind turbine generator (WTG) for the Alabat Wind Power Project on Alabat Island in the Philippines. The installation marks a major milestone for the company, representing its first wind power project in the country and the largest wind turbine Envision has delivered in international markets to date. Project Overview and Technology The Alabat Wind Power Project has a planned capacity of 64 MW and is being developed by Alternergy Holdings Corporation, a wind energy developer in the Philippines. The project was awarded under the Philippine government’s Green Energy Auction Program (GEAP)…
The Indonesian Solar Energy Association (AESI) has urged the government to establish a clear legal framework for the planned 100 gigawatt (GW) solar power programme. The industry body warned that regulatory certainty will be critical to ensure consistent implementation and attract long-term financing. The appeal follows the government’s proposal to roll out a village-based solar initiative targeting up to 100 GW of installed capacity nationwide as part of Indonesia’s broader energy transition strategy. Dedicated Regulation to Accelerate Implementation Rama Dinara, Head of AESI 100 GW Task Force, emphasised the need for a specific regulation that goes beyond existing business-as-usual mechanisms.…
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…
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…