In 2021, the Ministry of Energy and Natural Resources of Malaysia (KeTSA) set a target to achieve 31% renewable capacity by 2025 and 40% by 2035. Later in the National Energy Policy (2022 – 2040) the government set a target to achieve 18.4 GW renewable capacity by 2040. Currently, 13.3% of the country’s total capacity is accounted for by renewables. As per the current growth trend, Malaysia is expected to achieve 18.2% renewable capacity by 2025 and 36.4% by 2035, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Malaysia Power Market Size, Trends, Regulations, Competitive Landscape and…
Author: Saur News Bureau
Leading global leading provider of all-scenario PV & ESS solutions, unveiled the latest SOFAR Cloud system at SNEC, marking another significant step towards fulfilling the solar and energy storage digital ecosystem. This plant monitoring and O&M system is set to redefine energy management with four major advantages, the firm said in a media statement today. The energy solutions company said that SOFAR Cloud offered a one-stop management solution, featuring real-time updates of operational parameters, and a 10-year storage of historical data for fault analysis to ensure that no detail is overlooked. With automatic upgrading and batch task processing capabilities, the…
A latest report from think tank EMBER said that the China’s spare solar’ can propel the growth of renewable energy in developing countries and empower them to fulfil their climate net-zero targets. The report delved into the issue of over production of solar modules in the country and lack of export market for the country in the light of trade barriers by several countries. “With the vast majority (80-85%) of solar manufacturing plants located in China, supporting deployment of ‘spare’ solar capacity in the developing world presents a significant opportunity for China to deliver national gains, in addition to helping…
The Asian Development Bank (ADB) is supporting Alternergy Holdings Corporation (AHC), a listed Philippine renewable energy developer, in securing its first green corporate loan. The loan was secured under AHC’s Green Finance Framework, developed in accordance with the International Capital Market Association’s Green Bond Principles; the Association of Southeast Asian Nations (ASEAN) Capital Markets Forum’s Green Bond Standards; and the Green Loan Principles of the Asia Pacific Loan Market Association, the Loan Market Association, and the Loan Syndications and Trading Association. The initial tranche of the loan was secured on 29 May, consisting of a 2 billion Philippine pesos ($34.4…
The Ministry of Energy and Mineral Resources (ESDM) symbolically handed over 55 solar-powered public street lights (PJU-TS) that had been installed in Sumenep Regency, to the Sumenep Regional Government. The installation of PJU-TS in Sumenep Regency was built in 2023 with the support of the aspirations of members of Commission VII DPR RI. “The installation of PJU-TS is a form of the government’s commitment together with the DPR RI in implementing clean energy-based infrastructure development that is environmentally friendly. This is also our effort so that the benefits of the state budget can be felt directly by the community,” said…
The Department of Energy (DOE) of Philippines asked the public’s cooperation to efficiently use electricity in the Luzon grid. This as the National Grid Corporation of the Philippines (NGCP) issued a Red Alert notice recently. Total capacity on forced outage is 4,281.3 MW while deration amounts to 216 MW. Typhoon Aghon has caused a substantial decrease in available power supply in the grid at a time when the hydro power plants have not yet recovered from their low water supply. While the power supply is expected to improve in the coming days, the DOE encourages everyone to conserve energy in…
On May 22, Pylontech officially inaugurated its global headquarters, marking a significant milestone for this industry-leading energy storage system provider. Founded in 2009, Pylontech has been a key player in the energy storage industry, mastering core technologies in battery cells, modules, and Battery Management System (BMS), system integration, etc. It’s products and solutions cater to a wide range of applications including residential, commercial & industrial(C&I), and utility-scale projects. In 2013, Pylontech delivered its first energy storage system to the international market, and now boasts over ten years of experience serving overseas markets, with cumulative shipments exceeding one million units. Thanks…
Over the past 10 days, as numbers have continued to pour out from the listed players from China’s formidable solar sector, the impact of the low solar module prices seen over the past two quarters and more is clearly visible on their earnings as well. Even as volumes have grown in many cases, revenues have failed to not just keep pace, with some firms even slipping into losses. A far cry from the bumper profits of Fy22-23. Of course, the first quarter tends to be a slow quarter in any case for installations due to winter in some of the…
Filipino energy major ACEN Corporation has partnered with Australian firm Yindjibarndi Aboriginal Corporation to develop up to 3GW of renewable projects with battery energy storage systems (BESS) in Western Australia. Australia has been a major market for large battery storage systems due to the spread out grid, as well as the increasingly high share of solar power, which has created a strong use case for large energy storage to absorb the extra generation during daylight hours. The projects will be developed by Yindjibarndi Energy Corporation (YEC), in Western Australia’s Pilbara region, known until now for its vast mineral deposits The…
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…