The FusionSolar Global Energy Storage Summit, 2023 edition, took place in Singapore, with the theme of “Making the Most of Every Ray.” The ideas on best practices and development strategies for large-scale PV and energy storage projects were exchanged by over 400 PV industry leaders, technical experts, associations and ecosystem partners at the event. Charles Yang, Huawei Senior Vice President and President of Global Marketing, Sales and Services at Huawei Digital Power, said, “The carbon neutrality drives the PV and energy storage industries to embrace great development opportunities. As technologies continue to advance, the levelised cost of electricity (LCOE) for…
Author: Saur News Desk
Japanese Prime Minister Fumio Kishida recently visited UAE during his tour of Gulf countries. It was a part of his recent visits to Gulf and Arab countries to discuss issues related to energy and commerce with them. His recent visit to UAE opens up potential collaboration on green technology. The partnership is built around developing green energy cooperation. Through this cooperation, Japan will offer the UAE cutting-edge technology and support the Middle East’s green energy initiative. This initiative is noteworthy for boosting bilateral cooperation on building technology for clean hydrogen, ammonia, recycled carbon, and carbon fuels. This cooperation will deliver…
With the aim of boosting renewable energy goals and carbon reduction goals, the Bangladesh government has floated an international tender to lease around 63 lakh square feet of rooftop spaces on factory and warehouse buildings at 13 state-owned jute mills to install solar systems. As per local reports, the Bangladesh Jute Mills Corporation (BJMC), a government agency responsible for all public jute factories, has called upon interested parties to submit their proposals by 25 July. As per tender documents, the lease will be for a duration of 20 years, with the option of extending the time-period based on the performance…
The US and Canadian firms have shown keen interest in investing in Philippines in renewable energy among other sectors, during the roadshow organised by the economic team of Philippines. The statement said that the roadshow organised by economic managers was concluded recently and it composed of a series of roundtable meetings in New York and Toronto . The non-deal roadshow showcased the opportunities for investors in the Philippines by focusing on its growth outlook, economic and fiscal policy environment, investment opportunities, and growth engines in the medium and long term, informed the statement. Over 80 senior executives of Canada-based funds…
Hutchison Ports’ Hongkong International Terminals (HIT) has installed PV system on the quay cranes, comprising 84 solar panels, with the investment of $9.9m (HK$78m). With these two new solar panel on quay cranes, the energy collected will be used to power auxiliary systems including air conditioning and lighting systems in the quay cranes. It is estimated that with the three hours of exposure to sunlight every day, the photovoltaic system on quay cranes will be able to generate roughly 42,000 watt-hour (Wh) of energy with a 98.75% system efficiency. Moreover, with the existing solar panels in eight car parks and…
The electricity being generated from solar panels installed amidst challenging marine conditions has paved the way for the next clean energy breakthrough. This groundbreaking experiment took place in the China Yellow Sea, about 30 kilometers off the coast of Shandong province, last year. The successful ambitious project was executed by State Power Investment Corp., China’s largest renewable energy developer, and Norway-based developer Ocean Sun AS. It utilised two circular rafts carrying neat rows of solar panels that began generating electricity late last year. The success of the project has raised potential possibilities about offshore locations, where countries can expand their…
Philippines-based ACEN Corporation, an energy firm under the Ayala Group, has an ambitious plan to provide solar power to telecommunications towers in the country through a planned joint venture with the Norfund, a Norwegian Investment Fund for developing countries. In its stock exchange filing, ACEN informed that its executive committee has approved the proposed joint venture with Norfund and investment into YMP Telecom Power Inc. for the provision of sustainable and affordable telecom tower solarisation solutions in the country. ACEN said, “The proposed joint venture between the company and Norfund is aimed to fund projects of Yoma Micro Power (YMP)…
China’s Seraphim will supply high-efficiency solar modules for ERS Group’s 300 mega-watt (MW) ground-mounted power station located in Zambales Province, Philippines. To this end, solar module manufacturer Seraphim Energy Group Co., Ltd. (Seraphim) recently signed a 300 MW solar module supply agreement with Malaysia-based ERS Energy Group of Companies (‘ERS Group’), an engineering, procurement, and construction service provider. The statement informed that the module supply will begin in the third quarter of 2023 and be completed by the second quarter of 2024. “The components supplied by Seraphim mainly consist of 550/555W high-efficiency modules, which utilize multi-busbar cell technology and high-density…
Malaysia’s Samaiden Sdn Bhd (SSB), Samaiden Group Bhd’s wholly-owned unit, has bagged an order worth RM181.34 million from Uzma Bhd’s indirect associate company, Suria Infiniti Sdn Bhd, to build a solar power plant at Kuala Muda district in Kedah. In a filing with Bursa Malaysia today, it said that, as per the deal, SSB would undertake the engineering, procurement, construction, and commissioning (EPCC) works for the 50 megawatts alternating current (MWac) large-scale solar (LSS) photovoltaic (PV) power plant, approved by the Energy Commission pursuant to the LSS4 programme. “This will help to enhance our financial performance over the longer term…
Thailand’s oil and gas firm, PTT Plc is boosting initiatives to harness additional renewable power sources and move towards its hydrogen fuel enterprise. This move is a part of its strategy for sustainable growth of the state-owned firm. Cherdchai Boonchoochauy, Senior Executive Vice President for Innovation and New Ventures, said, “PTT’s existing blueprint is to create 12 gigawatts of renewable electricity and restrict power generated from non-renewable fuels to eight gigawatts by 2030. However, these targets will undergo an upgrade to echo the firm’s commitment to renewable energy. A key part of this campaign is the development of new hydrogen…