Stonepeak has acquired 80% stake in TerraWind Renewables onshore wind projects in Japan and the wider Asia Pacific (APAC) region. This move underscores Stonepeak’s strategic intent to capitalise on the escalating demand for sustainable energy solutions across Asia, stated the company in a media statement. Stonepeak secured a majority interest in TerraWind Renewables, while Shizen Energy, a prominent renewable energy firm headquartered in Japan, retains a 20% stake in the venture. Ryan Chua, Senior Managing Director at Stonepeak, articulated the rationale behind the investment, emphasizing the pressing need for reliable and renewable energy sources in Asia. Chua highlighted TerraWind’s pivotal…
Author: Rashida
Hsiyuan Wind Power Co, a subsidiary of wdp, in collaboration with Bank SinoPac, has secured financing for a 25.2-megawatt onshore wind farm project situated in Taiwan. Coined as Hsinyuan Wind Farm, this initiative is strategically located in Yunlin County’s Lunbei District, capitalizing on the region’s favorable wind conditions. With a capacity of 4.2 MW per turbine, the farm comprises six turbines, making it a significant addition to Taiwan’s renewable energy infrastructure. The project’s technical specifications are noteworthy, featuring wind turbines with a hub height of 112 meters, establishing them as the largest onshore turbines in Taiwan. This choice reflects a…
JERA and ExxonMobil have collaborated to build low-carbon hydrogen and ammonia production projects in the United States. Anchored at ExxonMobil’s Baytown Complex in Houston, Texas, this aims to erect the world’s largest facility dedicated to producing low-carbon variants of hydrogen and ammonia. Anticipated to commence operations in 2028, the project holds the promise of significant annual capacities, projecting around 900,000 tonnes of low-carbon hydrogen and over a million tonnes of low-carbon ammonia. The partnership delineates various facets of their partnership, including the exploration of JERA’s potential ownership stake in the project and the procurement of approximately 500,000 tonnes of low-carbon…
A consortium by Japan Renewable Energy Corporation, Iberdrola, and Tohoku Electric Power is set to establish a 375-megawatt offshore wind farm off the shores of Akita Prefecture, specifically situated near Happo Town and Noshiro City. This alliance, blending domestic expertise with international influence, underscores a concerted push towards sustainable energy development in the region. The technical blueprint for the project entails the installation of 25 fixed-bottom foundation wind turbines, each boasting a formidable capacity of 15 MW. This ambitious undertaking promises to significantly bolster Japan’s renewable energy portfolio, harnessing the formidable power of offshore wind resources. Such robust infrastructure represents…
Marubeni Corporation, a Japanese conglomerate, is set to begin a project through its subsidiary Kitahiroshima Grid Battery Storage LLC. This project involves the construction and ownership of a grid battery storage system with a notable generation capacity of 25 megawatts, anticipated to commence operations in 2025. This initiative aligns with the Japanese government’s objectives outlined in the FY2022 Supplementary Subsidy program. The program aims to support projects facilitating grid storage battery systems and water electrolysis equipment, thereby advancing the distribution of renewable energy to fulfill carbon dioxide reduction goals and enhance the overall efficiency of the nation’s power system. With…
J-POWER, a prominent player in Japan’s energy landscape, has embarked on a new chapter in sustainable power generation with the initiation of construction at the Himeji Oshio Solar Power Station. This endeavor, spearheaded by its subsidiary J-Solar Co., Ltd., is a strategic move to expand its renewable energy portfolio underscoring its commitment to environmental stewardship. As per the firm, J-Solar Co., Ltd. was established to focus on solar power generation operations within the J-POWER Group. The decision to invest in solar power reflects the company’s commitment towards embracing diverse renewable energy sources. Led by President Hitoshi Kanno and headquartered in…
Repower Energy Development Corporation (REDC) has clinched Wind Energy Service Contracts from the Department of Energy in the Philippines, covering a total capacity of 500 megawatts (MW). These contracts span four projects situated within Quezon Province. Among these projects are both onshore and offshore installations strategically located near REDC’s existing hydropower plants in Real and Mauban, Quezon. The projects include the 100 MW Siliang Onshore Wind Farm, occupying 2,592 hectares of land, and the 100 MW Mauban Offshore Wind Farm, which will spread across 3,888 hectares. Additionally, the Real Offshore Wind Farm, with a capacity of 200 MW, is set…
In 2023, the global wind energy sector experienced an unprecedented surge, with wind turbine orders reaching a record-breaking 155 gigawatts (GW), marking a substantial increase of 16 GW compared to the previous year. Leading this charge was China, which solidified its position as a powerhouse in renewable energy by securing an astounding 100 GW of wind turbine orders. This was revealed by Wood Mackenzie report. This remarkable achievement represented China’s second consecutive year of surpassing the 90 GW mark in order intake, predominantly fueled by the escalating demand for onshore wind projects within the country. While China dominated the global…
GlobalData’s recent publication, titled “Asia Pacific Renewable Energy Policy Handbook 2024,” has revealed the latest in a series of region-specific policy reports crafted by GlobalData. As per the report, Asia Pacific nations are pivoting towards rooftop solar and nuclear power to fulfill renewable energy objectives and tackle climate commitments. This comprehensive report delves into the renewable energy landscapes of 15 prominent countries within the Asia Pacific (APAC) region, namely Australia, Bangladesh, China, India, Indonesia, Japan, Kazakhstan, Laos, Malaysia, Pakistan, Philippines, South Korea, Taiwan, Thailand, and Vietnam. It focuses on the primary policies governing the renewable energy market in these nations,…
J-POWER has established the Floating Offshore Wind Technology Research Association (FLOWRA) signaling a pivotal stride in Japan’s pursuit of offshore wind power generation. By uniting 13 key energy entities, including prominent players such as The Kansai Electric Power Co., Inc., JERA Co., Inc., and Mitsubishi Corporation Offshore Wind Ltd., FLOWRA embarks on a collective mission to propel joint research and development endeavors aimed at the commercialization of floating offshore wind power technologies. The collaborative framework of FLOWRA extends beyond mere research, encompassing a broad spectrum of stakeholders, including manufacturers, research institutions, and governmental agencies. These entities are poised to drive…