Author: Saur News Bureau

The National Electric Vehicle Policy Board (EV Board) meeting chaired by Thailand Prime Minister Srettha Thavisin shared its continued commitment to propel Thailand into a prominent regional hub for EVs. This is set to help the Electric Vehicle (EV) manufacturers align closely with the 30@30 policy. In the meeting, the minister mentioned, “Thailand aspires to manufacture Zero Emission Vehicles (ZEVs) with at least 30% of the total motor vehicle production by the year 2030. It could be equivalent to the production of 725,000 cars and 675,000 motorcycles. The EV Board has approved the second phase of EV Package, known as…

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The Ministry of Power, Energy and Mineral Resources has now planned to send a set of their officials to China for an exposure visit. The move was taken to bolster the capacity of the South Asian country in the energy sector. As per the plan, the country has planned to send four officials to the an event in China from January 5 to January 11. These officials have also been asked to make a report on the learnings to the government. The department has sanctioned their deputation for the event too. These officials hail from the Dhaka Electric Supply Company…

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Thailand’s clean energy firm, Absolute Clean Energy Public Company Limited (ACE), has secured  Power Purchase Agreements (PPAs) from the Provincial Electricity Authority (PEA) for 15 ground-mounted solar energy projects. As per the statement, these projects, with a combined capacity of 92.73 megawatts, are set to open for commercial operation (SCOD) between 2024 and 2025. The PPAs have a 25-year term, and the electricity sales rate is fixed at 2.1679 baht per kilowatt-hour. Over the contract period, ACE anticipates annual revenue from electricity sales of approximately 547.52 million baht. The 15 solar projects are located in ten provinces. This development follows the Energy…

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ACEN, the Philippines listed energy platform of the Ayala Group, has emphasized on the need of upgrading the country’s electricity grid or the interconnected network of power transmission facilities for putting up the large-scale capacities of offshore wind projects. Speaking at the ‘Wind Energy Forum-Offshore Wind in the Philippines, recently, Rodrigo M. San Pedro, Senior Vice-President for wind development and special projects at ACEN, said, “When we talk about offshore wind, definitely, the scale is much bigger than onshore wind. So, we should be talking about within 300-500 megawatts (MW) of capacity.” “Without grid availability, that’s a big investment to…

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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…

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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,…

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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…

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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…

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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…

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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…

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