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…
Author: Rashida
Jera Co., Japan’s largest utility, has plans to launch an initial public offering (IPO) as part of its strategy to finance an ambitious expansion of renewable energy projects. The Tokyo-based company, a 50-50 joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co., aims to significantly increase its renewable generation capacity to 20 gigawatts by fiscal 2035, a six-fold increase from its current pipeline. Yukio Kani, Chairman and Co-Chief Executive Officer of Jera, highlighted the substantial investment required for this expansion, hinting at the possibility of inviting additional shareholders or pursuing an IPO. However, no specific details regarding…
Indonesia takes a leap forward in its energy transition with the launch of Solar2Wave, the nation’s first marine solar power plant prototype, by Institut Teknologi Sepuluh Nopember (ITS). Developed in partnership with Cranfield University, Universitas Pattimura (Unpatti), Orela Shipyard, PT Gerbang Multindo Nusantara, Achelous Energy Ltd, and HelioRec, the prototype was unveiled at the ITS Research and Technology Innovation Gallery (GRIT). ITS Chancellor, Prof Dr Ir Mochamad Ashari MEng IPU AEng, emphasized the significance of extending solar applications to the sea to maximize impact, acknowledging the challenge posed by large sea waves. Solar2Wave addresses this challenge with a floating solar…
Swedish energy and infrastructure consultancy, AFRY, has been appointed as the owner’s engineer for a 65-megawatt peak (MWp) solar project in the Philippines. The project, initiated by Amatera Renewable Energy Corporation and located in Bacolod, Negros Island, represents a significant step towards the country’s renewable energy goals. This endeavor marks AFRY’s commitment to sustainable energy solutions and its growing presence in the Southeast Asian market. The role bestowed upon AFRY as the owner’s engineer is multifaceted and crucial for the project’s success. Tasked with project management, design review, and monitoring during construction and commissioning, AFRY will ensure seamless integration and…
PT Chandra Asri Pacific Tbk (Chandra Asri Group) and Perum Jasa Tirta II (PJT II) have signed a memorandum of understanding (MoU) aimed at fostering sustainable energy practices in Indonesia. This strategic collaboration seeks to harness the potential of renewable energy sources to power Chandra Asri Group’s CA-EDC plant, currently under construction. With a combined effort, the two entities are set to explore the feasibility of implementing solar and hydropower plants to meet the substantial electricity demand of the CA-EDC facility, estimated at 340 megawatts. In line with Indonesia’s ambitious target of achieving net zero emissions by 2060, the MoU…
TNB Renewables Sdn Bhd (TRe), a subsidiary of Malaysia’s leading electricity utility company Tenaga Nasional Berhad (TNB), has appointed AFRY as the owner’s engineer for a groundbreaking solar photovoltaic (PV) project in Kedah, Malaysia. This initiative forms part of the Corporate Green Power Programme (CGPP), demonstrating TRe’s commitment to accelerating sustainable energy adoption in Malaysia and Southeast Asia. Situated in Pekan Labu Besar, Kedah state, Malaysia, the CGPP PV power plant is poised to deliver approximately 30 MWac of clean energy, employing ground-mounted single-axis solar trackers for optimal efficiency. Through a Virtual Power Purchase Agreement (VPPA), the project will facilitate…
SeaTwirl AB has announced a significant step forward in its endeavors to penetrate the Japanese market for vertical-axis offshore floating wind turbines. A memorandum of understanding (MoU) has been inked between SeaTwirl AB and Sumitomo Corporation Power & Mobility Co.,Ltd. (“SCPM”), a subsidiary of Sumitomo Corporation, aimed at promoting SeaTwirl’s innovative wind turbine technology in Japan. After a meticulous selection process to find a strategic partner in Japan, SeaTwirl has finalized an agreement with SCPM. The MoU outlines the collaborative efforts between the two entities to advance the adoption of SeaTwirl’s vertical-axis offshore floating wind turbines in the Japanese market.…
The strategic supply agreement between Sungrow and Gulf Energy Development Plc (GULF) marks a significant step towards advancing Thailand’s renewable energy sector. Through this partnership, Sungrow will supply PV inverters and liquid-cooled energy storage systems to meet GULF’s project requirements totaling 3.5GWp over the next seven years. This collaboration is in line with Thailand’s Power Development Plan (PDP), aiming to address rising electricity prices, optimize energy supply structures, and bolster national energy security and independence. By integrating photovoltaic and energy storage technologies, the projects aim to set a model for renewable energy development in Southeast Asia. GULF, being one of…
Electric Power Development Co., Ltd. (J-POWER), headquartered in Chuo-ku, Tokyo, has recently announced the commencement of commercial operations at the recently upgraded New Nikaho Kogen Wind Farm in Nikaho City, Akita Prefecture, by its wholly owned subsidiary, J-Wind Co., Ltd. The original Nikaho Kogen Wind Farm, which began operating in December 2001, has undergone a significant upgrade. This upgrade involved replacing the existing 15 wind turbines, each with an individual unit output of 1,650 kW, with six wind turbines of one of the largest classes in Japan, boasting individual unit outputs of 4,300 kW. With this transformation, the site has…
Aboitiz Power’s subsidiary, Aboitiz Solar Power, Inc., has forged a strategic alliance with AFRY to embark on the construction of a pioneering solar photovoltaic plant in Negros Occidental province. This collaborative endeavor, known as the Calatrava project, aims to establish a formidable 172 megawatt-peak solar installation across approximately 143 hectares of land characterized by gently undulating terrain. In a statement, AFRY said the Calatrava project will occupy around 143 hectares of “relatively flat terrain” with rolling slopes. The project’s design involves the utilization of fixed ground-mounted solar panels meticulously positioned to optimise sunlight absorption and energy generation. Through an intricate…