Author: Saur News Bureau

China’s GCL Technology Holdings, a solar-sector supplier will be setting up the firm’s first overseas factory in Saudi Arabia. As per reports, the world’s second-largest manufacturer of polysilicon, a key ingredient in solar panels, is looking to build a plant in the Middle Eastern nation that will produce 120,000 tonnes a year. The firm’s Joint Chief Executive Officer Lan Tianshi revealed that GCL Tech could start operations as early as 2025. “Saudi Arabia has mature infrastructure and experience in industrial manufacturing,” said, Lan said, talking to media. He cited the country’s abundant sunlight as an advantage  to support its transition…

Thailand’s firm Global Power Synergy (GPSC) PLC, a member of the PTT Group specialising in the electrical industry and smart energy, has tied up with PTT Digital Solutions Company Limited, a provider of information and communication technology and another esteemed member of the PTT Group. As per the agreement, the partners aim to explore the development of an innovative energy platform for renewable energy, supporting energy trading and enhancing sustainable, clean energy management. Further, GPSC and PTT Digital will explore the development of an energy platform to produce clean energy that will support energy trading in the future, enhancing sustainable,…

Philippines-based ACEN Corp., the energy firm of the Ayala Group has earmarked PHP 1.44 billion of investment in five of its units dedicated to renewable energy development. This is part of its strategy to strengthen its efforts to achieve a targeted capacity within the coming decade. As per the filing in the stock exchange, ACEN, announced that its executive committee has approved the funding for AC Subic Solar Inc. (PHP367 million), AC Laguna Solar Inc. (PHP410 million), SolarAce4 Energy Corp. (PHP205 million), Ingrid2 Power Corp. (PHP134 million), and GigaWind1 Inc. (PHP324 million). The funds are intended to support development activities…

Essentra Components, a provider of essentail components and solutions in Thailand has installed 6,000m2 solar array at its manufacturing site in Rayong, Thailand. In its statement, the firm informed that it is a part of its commitment to achieve net zero by 2040 in line with future ESG targets. “The newly completed installation will ultimately generate up to 824kW of energy, providing the facility with up to 20% of its annual electricity requirements and supporting its global manufacturing operations in South-East Asia,” the statement noted. With the commitment towards achieving net zero emissions in its operations by 2040, in recent…

With a view to provide a greener and more efficient mode of transportation for urban communities, Philippines-based Elaia Green Vehicles Inc., said it will be launching best-in-industry electric trikes. The firm is owned by Ronaldo Puno, former DILG Secretary of the Philippines, who said in a statement, “It is set to redefine the landscape of sustainable transportation in the country. Elaia Green Vehicles Inc. has been at the forefront of electric vehicle innovation in the country, and their latest line of e-trikes promises to deliver notable advancements. With larger passenger capacity, enhanced comfort, zero smoke emission, noise pollution reduction, and…

France-based TotalEnergies has signed a deal with Petronas and Mitsui to develop a carbon storage project in Southeast Asia. As per the deal, the partners will evaluate several CO2 storage sites in the Malay Basin, including both saline aquifers and depleted offshore fields. The firms will focus on developing a CO2 merchant storage service to decarbonise for industrial customers in Asia. The agreement was signed by Patrick Pouyanné, Chairman and CEO of TotalEnergies, Tan Sri Tengku Muhammad Taufik, President and Group CEO of Petronas, and Toru Matsui, Senior Executive Managing Officer of Mitsui & Co., on the opening day of…

TotalEnergies has entered into a strategic collaboration agreement with Malaysia’s Gentari Renewables Sdn Bhd, the clean energy solutions firm of Petronas. The partnership aims at developing renewable energy projects in the Asia Pacific region. The agreement was signed  during the Energy Asia Conference in Kuala Lumpur by Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables, and Sushil Purohit, Chief Executive Officer of Gentari, in the presence of Patrick Pouyanné, Chairman and CEO of TotalEnergies and Tan Sri Tengku Muhammad Taufik, Gentari Chairman as well as Petronas President and Group CEO. As per the agreement, TotalEnergies…

The South Korean tech giant LG Electronics has joined RE 100 Climate group, which is  the global corporate renewable energy initiative committed to 100% renewable electricity by 2040. LG has  pledged to transition its entire operations to 100% renewable energy by 2050 with short-term targets of 60 percent by 2030 and 90 percent by 2040. Further,the company plans to expand its renewable energy sources by installing high-efficiency solar panels at its facilities. Among its ongoing eco-initiatives it is constructing a solar power station in Changwon’s LG Smart Park together with the regional energy provider GS EPS, scheduled to be completed…

Japan-based Shizen Energy Inc., dealing in building, financing and managing renewable energy plants along with Thailand’s Constant Energy, a renewable electricity generation and storage investment platform, have signed a long-term power purchase agreement (PPA) with Molten (Thailand) Co. Ltd, to build a roof-mounted solar power generation facility with a capacity of 999 kWp (DC). Molten (Thailand) Co. Ltd is a local subsidiary of Japan based Molten Corporation that manufacturers sports equipment. As per the deal,an industrial-type roof-mounted solar power plant will be installed on  a total area of 4,738 ㎡ on Molten (Thailand)’s factory site located in Sriracha, Chonburi Province.…

Oman Power and Water Procurement Company (OPWP) will devleop 500 MW solar plant in the Manah region of the sultanate in collaboration with South Korean group KOWEPO (Korea Western Power). As per the agreement, the Manah 1 solar power project will be developed by KOWEPO and its French partner EDFR at an investment of 600 billion won ($452 million), while Manah 2 will be built by Jinko Power from China and Sembcorp from Singapore. The project was awarded by OPWP in two separate orders in 2019- Manah 1 (500 MW) and Manah 2 (500 MW).Once completed, it will be the…