JERA, a leading energy company from Japan, has launched its subsidiary, JERA Energy India Private Limited, headquartered in New Delhi. The primary focus of JERA Energy India is to engage actively with local governments, companies, and stakeholders in India’s energy landscape. One of its key responsibilities includes gathering information on various aspects of renewable energy, such as green hydrogen, ammonia, and liquefied natural gas (LNG) projects. By doing so, JERA aims to stay abreast of the evolving energy market trends and opportunities in India. Moreover, the subsidiary will be responsible for building strong relationships with government offices, agencies, and local…
Author: Rashida
JERA Nex, a renewable energy firm launched by Japan’s largest energy firm, based in London has joined hands with Alinta Energy marking a pivotal moment in Australia’s renewable energy landscape, as they embark on the development of the Spinifex Offshore Wind Farm in Southwest Victoria. With an impressive capacity exceeding one gigawatt, this project holds immense promise for both the local economy and the broader push towards sustainable energy solutions. The decision to collaborate underscores a strategic alignment of expertise and resources, with Alinta Energy bringing its deep understanding of the local energy market and regulatory landscape, complemented by JERA…
Eku Energy, an energy storage solutions firm, is venturing into Japan’s market with its inaugural Battery Energy Storage System (BESS) project. The Hirohara BESS, located in Miyazaki Prefecture, is poised to revolutionize the region’s energy landscape with its substantial capacity of 30 MW/120 MW-hours. Scheduled to commence construction in the latter half of 2024, the Hirohara BESS is expected to commence operations by July 2026. This timeline underscores Eku Energy’s strategic planning and commitment to delivering timely, sustainable energy solutions. Once operational, the BESS will have the capacity to power approximately 63,000 households for four hours, significantly contributing to the…
Malaysia’s launch of the Energy Exchange Malaysia (ENEGEM) platform marks a pivotal moment in regional energy collaboration, particularly with Singapore. This platform enables the cross-border sale of green electricity, showcasing a commitment to sustainability and environmental stewardship. Under the guidance of the Energy Commission’s “Guide for Cross-Border Electricity Sales,” transparency and fairness are ensured in this endeavor. The inaugural auction for 100 MW capacity underscores the seriousness of this initiative, providing a tangible opportunity for renewable energy bidders to participate in the growing regional energy market. This auction not only promotes renewable energy development but also signifies a shift towards…
PowerChina has launched photovoltaic power plant construction in Algeria with a total installed capacity of 220 MW. It is situated in Bir Naam, Biskra province and is slated for completion within 16 months, promising multifaceted benefits. Foremost, it serves as a tangible manifestation of Algeria’s dedication to embracing renewable energy sources, thereby reducing reliance on conventional fossil fuels and mitigating environmental impact. Moreover, the venture is poised to inject vitality into the local economy by engendering employment opportunities, with over 600 jobs anticipated to emerge during the construction phase alone. This infusion of employment not only fosters economic growth but…
Singaporean renewable energy firm Gurin Energy has recently made a significant stride in the Philippines solar energy sector by officially committing to a 39-megawatt peak (MWp) solar project. This decision marks the culmination of their planning and investment efforts, signifying a concrete step towards sustainable energy production in the region. It has secured a sprawling 40-hectare site in the municipality of Capas, located within the Tarlac province, Gurin Energy solidified its commitment to expanding renewable energy infrastructure in the Philippines. This achievement was made possible through a strategic 25-year lease agreement with the Philippines’ Bases Conversion and Development Authority. Notably,…
Sarawak, Malaysia, is poised to emerge as a center for clean hydrogen energy following a substantial investment of RM16.3 billion into a network of power-to-transport projects. Backed by its abundant natural resources of rainforests and rivers, Sarawak has the capacity to harness hydropower for generating clean electricity essential for producing emissions-free hydrogen. Premier Tan Sri Abang Johari Openg acknowledged the high-risk nature of the endeavor but emphasized its necessity, stating, “It is a risk, but it is a calculated risk. There is no other option, we need alternative energy, and hydrogen, ultimately, is the cleanest.” Already, Sarawak showcases its commitment…
Indonesia and the Philippines led the bulk of the US$6.3 billion surge in green investments across Southeast Asia in the past year, as revealed by a study jointly conducted by consultant Bain & Company and Singapore’s Temasek. This marked a 20% increase from 2022, propelled by investments in solar and wind projects alongside funding for renewables-powered data centers. Despite their significant contributions, the Philippines and Indonesia faced challenges in aligning national targets with policies and business initiatives, as indicated by the report’s index assessing progress toward decarbonization goals. Notably, the Philippines has yet to declare a net zero goal, while…
Scottish Enterprise, Highlands & Islands Enterprise (HIE), and Hyundai Heavy Industries (HHI) in Edinburgh have signed an MoU towards exploring floating offshore wind projects in Scotland. This agreement, the first of its kind for HHI in Europe, underscores the commitment to harnessing Scotland’s offshore wind potential. HHI’s stature as the world’s largest shipbuilding company and a key player in the offshore wind supply chain adds substantial weight to this partnership. Deputy First Minister Shona Robison emphasized its pivotal role in achieving net-zero emissions targets. She sees collaborations between Scotland’s economic development agencies and global firms like HHI as essential for driving…
Philippines had a notable surge in green investments, reaching $1.46 billion in 2023, marking a 57% increase from the previous year. However, this growth still falls significantly short of the $16 billion required to facilitate the country’s transition towards a more sustainable, environmentally friendly economy. This was revealed by the Green Economy Report 2024 for Southeast Asia. This report by Bain & Company, GenZero, Standard Chartered, and Temasek was launched at the 2024 Ecosperity forum, which gathered leaders across the world to track developments in the global green economy. The shortfall highlighted in the report indicates the pressing need for…