Ningbo Deye ESS International Trading Co., Ltd. has been approved as an Authorized Economic Operator (AEO) by China Customs. This status is given to companies that meet national standards for internal operations and customs compliance. AEO-certified companies receive faster processing during customs clearance. China Customs provides services such as lower inspection rates, reduced processing costs, and shorter clearance times. As part of recent policy changes, 17 new facilitation measures have been added to the existing 28. These include priority handling and fewer administrative steps. In addition to direct customs benefits, the General Administration of Customs coordinates with other government departments…
Author: Lakshita Kapoor
Vietnam Electricity (EVN) recently held a meeting with South Korea-based LS Electric to discuss possible areas of cooperation in the country’s energy sector. The meeting focused on potential uses of advanced power technologies, smart grid systems, and other infrastructure tools. Dr. Koo Ja-Kyun, chairman of LS Electric, presented an overview of the company’s work in energy systems. This includes digital solutions for power grids, artificial intelligence tools, and research into high-voltage direct current (HVDC) transmission. The company is also working on battery energy storage systems (BESS), which support grid operations by storing electricity during off-peak periods. In addition to large-scale…
Vietnam Electricity (EVN) has finished putting in the rotor for Unit 1 of the Hoa Binh Hydropower Plant Expansion. The rotor is a key part of the generator and weighs about 585 tonnes. EVN said this part of the work is necessary before they move on to installing other equipment. Different teams were involved, including those in construction, technical monitoring, and electromechanical setup. Once the rotor is in place, further electromechanical equipment will be installed. This will be followed by system tests and inspections before the unit can begin producing power. The expansion project at Hoa Binh is located on…
A group of companies led by Aboitiz Renewables, Inc. (ARI) has been awarded control of a large hydroelectric power facility in the Philippines. This was confirmed in a statement by Aboitiz Power Corporation. The Caliraya-Botocan-Kalayaan Hydroelectric Power Plant Complex, located in Laguna, will be transferred to a consortium called Thunder Consortium. This group includes ARI, Japan-based Sumitomo Corporation, and Electric Power Development Co., Ltd. The award was given by the Power Sector Assets and Liabilities Management Corporation (PSALM), which manages government-owned energy assets. The complex has a total installed capacity of 728 megawatts. It includes Caliraya and Botocan, which are…
Battery maker CATL will supply up to 2.2 gigawatt-hours of battery systems for a project in Indonesia. The energy will be sent from Indonesia to Singapore using solar power. Vanda RE ordered the batteries. Vanda RE is a joint venture between Gentari International Renewables and Gurin Energy. CATL will build the batteries at its factory in Karawang, West Java. This supports Indonesia’s rule to use local materials and workers where possible. The project is located in the Riau Islands. It includes a solar farm with a planned capacity of 2 gigawatts. Battery storage will be 4.4 gigawatt-hours. The solar and…
Amogy has raised $23 million in new funding to grow its ammonia-to-energy technology in South Korea. The company plans to expand its work in the shipping and stationary power sectors. The funding round was led by Korea Development Bank and its U.S. subsidiary KDB Silicon Valley LLC. Other investors include BonAngels Venture Partners, Pathway Investment, and JB Investment. With this latest round, Amogy’s total funding has reached nearly $300 million. Ammonia is being developed as a fuel source because it can carry hydrogen more efficiently than other methods. Hydrogen is being explored in many countries as a way to reduce…
CIMB Group Holdings Berhad , Malaysia wants to reach a sustainable finance target of $70.59 billion (RM 300 billion) by 2030. The goal is to help pay for green projects across ASEAN, including Malaysia. Since 2021, CIMB has been working on its sustainable finance plans. In 2021, the target was $7.06 billion (RM 30 billion). Later, it was raised to $23.53 billion (RM 100 billion) for the period from 2021 to 2024. The new target means CIMB wants to give more loans for projects that help the environment. The bank says the money will support energy transition ideas, clean energy,…
The Dagohoy Solar Power Plant in Bohol will start its commercial operations on 16 July. This is the first large solar plant for the province. The plant has a capacity of 27.121 megawatts direct current (MWDC). The Energy Regulatory Commission gave its approval on 4 July. The Independent Electricity Market Operator of the Philippines also gave its go-ahead on 8 July. This means the plant can now participate in the Wholesale Electricity Spot Market (WESM). Dagohoy Solar Power Plant is under Rizal Green Energy Corp. (RGEC). RGEC is owned by PetroGreen Energy Corporation and Japan’s Taisei Corporation. This is one…
Ørsted has confirmed it secured about TWD 90 billion for its offshore wind project in Taiwan. This funding supports the Greater Changhua 2 offshore wind farm. Ørsted arranged the project financing. It has support from five export credit agencies. These include agencies from Norway, Denmark, Korea, Taiwan, and the UK. Greater Changhua 2 has two parts. One part is Greater Changhua 2a. It is already running. The other part, Greater Changhua 2b, is under construction. It is planned to start sending power by late 2025. Together, these two parts will deliver 632 megawatts of power. They sit about 50 to…
MTerra Solar in the Philippines has completed more than half of its first phase. Meralco PowerGen Corporation shared that 778 megawatts of solar panels are now installed. The original plan for this first phase was 750 megawatts. MTerra Solar sits in Nueva Ecija and Bulacan. This solar power site is planned to reach 3,500 megawatts when done. It will also have battery storage. The battery energy storage for MTerra Solar will reach about 4,500 megawatt-hours when fully running. The power from the project will connect to the Nagsaag-San Jose Transmission Line through a new 500-kiloVolt link. This should help bring…