Sri Lanka, which joined the renewable energy bandwagon much later than many others, thanks to its extended civil war and the brush with bankruptcy till recently, is finally ready to move ahead on its targets. The island nation targets taking the share of renewable energy to 70% of its requirements, from a share of just 2% in 2018. With almost 100% access to electricity thanks to a grid reaching 98% of its population, Sri Lanka, as it recovers from the bankruptcy that stifled growth in the past two years, has much catching up to do. With a total installed capacity…
Author: Saur News Desk
Singapore-listed concrete innovation firm Pan-United Corporation Ltd (Pan-United) is partnering with Cleantech Solar, a Singapore-headquartered renewable energy development company, to provide turnkey solar solutions. The project will consist of about 900 solar panels on the rooftops of its operational headquarters in Kaki Bukit, Singapore, and its slag grinding plant in Johor, Malaysia. Cleantech Solar is backed by Keppel Ltd., Keppel Asia Infrastructure Fund and Shell Singapore Pte. Ltd. (formerly known as Shell Eastern Petroleum (Pte) Ltd). When installation by Cleantech Solar is completed in 1Q 2024, Pan-United will be a frontrunner in Singapore’s concrete industry to reduce carbon emissions through…
Swedfund a Sweden’s development finance institution invested 12 MUSD in Southeast Asia Clean Energy Fund II (SEACEF II), managed by Clime Capital. This investment will provide scale-up capital to early-stage companies focused on advancing the low-carbon transition in some of Southeast Asia’s most fossil fuel-intensive economies. While Southeast Asia is expected to experience robust mid-term growth, many of the countries face challenges in meeting their emission reduction targets due to their heavy reliance on fossil fuels. The renewable energy sector in the region also suffers from a significant funding shortage, hindering the development of bankable projects. By investing in SEACEF II Swedfund…
At the Bloomberg New Energy Finance Summit in Shanghai on November 27, the leaders of China’s, and the world’s largest solar module firms expressed worries on the all time low module prices seen in recent weeks and months. For what it is worth, prices are expected to drop even further before any recovery can start. As we reported earlier, polysilicon prices are expected to hit all time lows before any meaningful recovery starts, providing some margin cushion to PV makers that buy it from other suppliers. Leadership from majors including Trina Solar, Longi Green Energy Technology, Jinko Solar all held…
The EMBER report finds that an increasing use of solar and wind generation by ASEAN countries, has led to a shift towards clean power. This is especially true when 99% of the wind and solar potential in ASEAN, reportedly remains untapped. Using solar and wind would reportedly help to get on track with the IEA’s 2050 net zero scenario, 164 GW of solar and 65 GW of wind need to be installed by 2030. In its report titled, ‘Beyond Tripling: Keeping ASEANs Solar and Wind Momentum’ EMBER tracks solar and wind generation in ASEAN between 2015 and 2022. It analyses…
The Bangladesh government has approved Denmark’s green investment proposal to carry out a detailed feasibility study and implement the first phase of development in the next three years. The proposal is valued at USD 1.3 billion for developing the country’s first 500 MW utility-scale offshore wind energy project. To this end, Denmark’s Copenhagen Infrastructure Partners (CIP), Copenhagen Offshore Partners (COP) in association with Bangladesh’s Summit Group had submitted the foreign direct investment (FDI) proposal in July 2023. The proposed project site is located offshore of Cox’s Bazar district. Once operational, the 500 MW (installed) wind energy project would generate electricity, which…
TotalEnergies and Cambodia-based The Royal Group have joined hands for the development of new renewable energy projects and other decarbonisation initiatives in Cambodia. To this end, they have signed a MoU and look forward to leveraging their expertise, wherein TotalEnergies is a major energy player, and The Royal Group has an experience in Cambodia’s local power projects. “Combining the resources and skills of both organizations will ensure the best research and development of the most optimal renewable projects in Cambodia,” Neak Oknha Kith Meng, Chairman and CEO of Royal Group, said. TotalEnergies is currently supporting the energy transition in Cambodia…
Japan-based energy producer JERA Co., Inc. has started a demonstration project for a large-scale energy storage system that recycles electric vehicle drive batteries. As per the firm, it utilises a latent integration into an extra-high-voltage transmission grid. It said that with technical expertise from Toyota, the project will promote the establishment of a concrete sweep energy storage system that can be connected to the transmission grid the first-ever reusable energy to be applied in the world. The firm said that as electric vehicles (EVs) are growing in demand, lithium-ion and several vehicle batteries are opening opportunities for more secure energy generation…
Black & Veatch, a firm dealing in sustainable infrastructure, has conducted a feasibility study for Augustus Global Investment (AGI) on the generation of green hydrogen in Indonesia. The project envisions green hydrogen production using electrolysers powered by grid-supplied renewable energy. As per the statement, Black & Veatch provided a plant configuration and technology analysis and order-of-magnitude cost estimates for hydrogen generation and storage. The firm said that the study finds that the project can be technically and economically feasible and has the potential to significantly contribute to Indonesia’s energy transition. “With Indonesia’s vast energy and renewable resources including geothermal energy, there…
China based firm, Trina Solar, that makes solar panels, has set sights on making an investment of an additional $420 million in Thai Nguyen, Vietnam. This would take up the total investment of the firm in the country to close to $900 million. The revelation came after a meeting was held between Trina’s Chairperson Gao Jifan and Deputy Prime Minister Tran Luu Quang. Jifan informed that support is anticipated from authorities to fuel research and investment in rooftop solar power projects at local level. Trina is among the largest makers of solar panels in Vietnam. The firm already operates two…