Beximco, the largest private sector group in Bangladesh has constructed the country’s largest solar power plant at 200 megawatts (MW) at Sundarganj in the Gaibandha district on a 650-acre plot of infertile land through its Teesta Solar Limited subsidiary. As per reports, speaking at the inaugural function at the Rangpur Zila School ground earlier this month, Prime Minister Sheikh Hasina pointed out that energy security is a priority for the country, which is experiencing the worst energy crisis in a decade. “We think the renewable energy sector will be very important for future energy, so we have taken decision to…
Author: Saur News Desk
Philippines based ACEN Corp. has joined hands with German solar developer ib vogt (Singapore) Pte. Ltd. to fund the construction and development of at least 1,000 megawatts (MW) of solar projects in Asia. In its regulatory filing on Tuesday, the Ayala-led firm-ACEN said the shareholder’s agreement for the joint venture of the ACEN Renewables International Pte. Ltd. and ib vogt has been declared effective on Aug. 18 after regulatory approvals and conditions have been satisfied. As per the agreement, the two firms will set up a funding platform that will be utilised for the construction and operation of large-scale solar…
Meralco Power Gen Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), is all set to invest around P18 billion to boost its renewable energy (RE) buildout. MGen said in a press note that it would use the investment to build more than 2 gigawatts (GW) of gross RE capacity from solar and wind by 2030. As per the firm’s statement, “This investment will facilitate the development of over 2 GW of gross RE capacity from solar and wind sources. This initiative is a collaborative effort between the company and its partners, with the goal of achieving these…
Southeast Asian national oil companies (NOCs) and traditional upstream players are progressively focusing on cleaner and more environmentally friendly energy initiatives. Rystad Energy’s analysis reveals a consistent commitment to these initiatives in the years to come, with investments set to exceed $76 billion from 2023 to 2025. The upward trend is set to continue, with a projected total outlay of $119 billion by the end of 2027. This expenditure will be driven by investments in wind, solar and geothermal projects. Regional NOCs like Indonesia’s Pertamina are expanding their participation in geothermal, while Malaysia’s Petronas aims to establish a notable presence…
HSS Engineering Sdn Bhd (HSSE), an arm of HSS Engineers Berhad (HSS), which is an engineering and project management firm, in partnership[ with Shizen International Inc, Solarvest Asset Management Sdn Bhd, and Aziho Trading Sdn Bhd, has got a Letter of Notification from the Energy Commission (Suruhanjaya Tenaga). This notification will pave the path for the development of 29.99 MW Solar PV Plant in Kedah in Malaysia. HSSE boasts of a 10% stake in the Consortium. The project looks into the development, financing, construction, ownership, operation, and maintenance of the solar plant on a BOOT (build, operate, and transfer basis).…
Taiwan based CDWE (CSBC-DEME WInd Engineering) has completed the installation of the first jacket of the Zhong Neng offshore wind farm in Taiwan. Located off the western coast of Changhua. Zhong Neng Offshore Wind Project is a 300MW project, co-owned by China Steel Corporation, Taiwan’s state-owned and largest integrated steel maker, and a renewable energy infrastructure fund managed by Copenhagen Infrastructure Partners. “The project reached a financial close in December 2021, and is expected to start commercial operations in 2024. CDWE, a consortium of Belgium’s DEME Offshore and Taiwan’s CSBC, used the recently delivered “Green Jade” DP3 heavy lift and…
Malaysia’s Reservoir Link Energy Bhd, a firm dealing in energy-related services, has successfully obtained six new solar contracts from June to August 2023, through its subsidiary Founder Energy Sdn Bhd, in which it holds a 51% stake. The firm said that the contract signifies the firm’s commitment to the solar energy sector. The contract is estimated to be at RM6.59 million. These projects are situated in Selangor, Johor, and Penang. These projects cover diverse scope of work, including engineering procurement, construction, commissioning, and solar facility earthing works. Reservoir Link Executive Director Thien Chiet Chai said, “Malaysia’s solar industry has been…
In order to add to the company’s growing renewable energy portfolio, Manila-based Aboitiz Power Corp. is set to build new solar facilities in Negros Occidental and Zambales. The firm’s subsidiary Aboitiz Renewables Inc. (ARI), will develop a 17173-megawattMW) solar power project in Calatrava, Negros Occidental, and a 211-MW solar power project in Olongapo, Zambales. “We are looking to begin the construction of our Calatrava Solar and Olongapo Solar projects this year on the way to achieving our growth strategy of providing an additional 3,700 megawatts of renewable energy by the next decade,” AboitizPower President and CEO Emmanuel Rubio said. As…
Extensive load shedding and high and rising electricity costs are a few of the reasons for consumers to seek a switch to solar power in Pakistan. With industry pointing out that the nation pays some of the highest electricity tariffs in South Asia, it is indeed a wonder why solar has not established a stronger foothold in Pakistan. Blame it on the government agencies again, which have not only failed to deliver electricity effectively, but remain the key obstacles to consumers finding their own solutions, even at a time when power outages of 8-12 hours are commonplace, with no respite…
US-headquartered solar photovoltaics (PV) manufacturer, First Solar, has revealed incidents of unlawful forced labour practices at its Malaysian plant. In a recent sustainability report for 2023, the firm said, “The report found that the four onsite service providers in Malaysia employed foreign migrant workers who were subjected to unethical recruitment including the payment of recruitment fees in their home countries, passport retention and unlawful retention of wages.” “As a result of the findings and our corrective actions, the service providers have since returned all passports and unlawfully retained wages to the workers, and we have updated our site service agreements…