In an initiative that will steer forward clean energy in Southeast Asia, Gentari Sdn Bhd (Gentari), which offers clean energy solutions, has entered into an agreement with Keppel’s Infrastructure Division. The MoU will pave the path for the exploration and development of sustainability-related opportunities in the region. The MoU signing ceremony witnessed the presence of Gentari’s Chief Renewables Officer, Low Kian Min, and Tan Boon Leng, Managing Director of Keppel Infrastructure Holdings Pte Ltd. Gentari’s Chief Executive Officer (CEO), Sushil Purohit, and Cindy Lim, CEO of Keppel’s Infrastructure Division. The agreement between the two firm aims has set sights on…
Author: Saur News Desk
The Asian Development Bank and the Energy Market Authority (EMA) of Singapore have joined hands in partnership for developing renewable energy generation and transmission across the ASEAN region. The MoU will also provide support towards setting up the ASEAN Power Grid. The agreement paves the path for Singapore to decarbonize its power sector and enable it to import clean energy from ASEAN. EMA Chief Executive Ngiam Shih Chun said of the partnership “will combine the expertise and resources of EMA and ADB to further unlock the potential for low-carbon electricity to power the region and boost efforts to decarbonize our…
In a bid to tap opportunities in the EV market, Thailand’s local manufacturers are looking forward to partnering with the Chinese firms, mainly focusing on EVs. Th recent example is the leading Thai automaker Siam Motors, which is in talks with several Chinese automakers, particularly for high-end electric vehicles. Vice President Sebastien Dupuy revealed this in an interview. “EVs will be a nice pocket of growth,” he said. “There is a market growing for that, and we want to capture the growth.” The Thai family-owned group has grown annual revenues to US$7 Bn. It may be noted that Siam Motors…
Taiwan-based Fortune Electric has joined hands with the American GE Vernova’s Solar & Storage Solutions business to manufacture its Battery Energy Storage Solutions (BESS) in Taiwan. The firm said in a statement that the Memorandum of Understanding (MoU) supports GE Vernova’s introduction of its energy storage portfolio in Taiwan. It is expected to enable reliable, affordable, and dispatchable integration of energy to the grid. “We are very pleased to introduce our energy storage portfolio to the Taiwan market. Relying on our global expertise and proven technology, in collaboration with Fortune Electric, we are ready to provide flexible and intelligent solutions…
JRE Operations, a leading operator of renewable energy assets in Japan, and Envision Digital, the global decarbonization software leader headquartered in Singapore, have signed a framework agreement to deploy remote monitoring and analytics in all of JRE Operations’ solar and wind farms across 90 sites in Japan. JRE Operations operates nearly 1,000 megawatts (MW) of solar, wind, and biomass energy assets, making it one of the largest in the country, while Envision Digital manages over 550 gigawatts of energy assets globally. Both parties will work together to develop an advanced digital operation model for renewable energy plants. This will aim…
Australia will be investing $50 million in Indonesian startups and SMEs in the energy transition and clean technology sector. This was revealed by Australian Prime Minister Anthony Albanese when hosting President Joko “Jokowi” Widodo in Sydney. As per the $200 million Australia-Indonesia Climate and Infrastructure Partnership,which was unveiled last June, this is the first part of the investment that will be done in small-scale Indonesian investment funds that are supporting clean energy, climate technology and climate change projects, including carbon, capture, and storage and green energy smelters. “There is a lot that Australia can offer Indonesia and the region in…
China is reported to be a leading country in implementing and achieving its renewable energy (RE) targets. Also, Chinese firms have been actively investing in various countries to obtain minerals for RE sector. But the recent report released by The Business & Human Rights Resource Centre, titled “Unpacking clean energy Human Rights Impacts of Chinese Overseas Investment In Transition Mineral”–has revealed a dark side of China’s RE growth story, where it has accused Chinese firms for more than 100 human rights and environmental abuses around the world since 2021. The Business & Human Rights Resource Centre, an international NGO, has…
With the aim to enhance cooperation and learn about DEWA’s projects and initiatives,Nguyen Manh Tuan, Ambassador of the Socialist Republic of Vietnam visited the UAE. During his visit, he met with Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), and discussed DEWA’s initiatives, projects and successful experiences using renewable and clean energy sources. Al Tayer highlighted DEWA’s strategic projects to meet the growing demand for electricity and water in the Emirate. Al Tayer noted, “ Dubai attaches great importance to sustainability and the transition towards a green economy by increasing reliance on clean and…
Chinese automotive firm BYD has recently announced its investment plans in a new industrial complex in Northeastern Brazil. The investment is estimated to be around 3 billion reals ($620 million), with the aim to boost local production to offer competitive prices. The firm stated that the complex, made up of three plants, will be built in the Camacari industrial park in the northeastern state of Bahia, on land formerly occupied by a Ford plant that closed in 2021. The operation at the plants is expected to begin in mid-2024. Dwelling on the details of the plants, the note said that…
The Department of Energy (DOE) of the Philippines was able to generate 3,580.76 Megawatt (MW) of committed renewable energy capacities under the second round of the Green Energy Auction Programme (GEAP), which would be delivered between 2024 to 2026. DOE disclosed this in a recent statement. It further said, “The cost of this energy will be comparable to or less expensive than the Green Energy Auction Reserve (GEAR) pricing set by the Energy Regulatory Commission (ERC).” The ERC recently finalized and published GEAR Prices for the GEA 2 for the technologies such as Php 4.8738 per kWh for rooftop solar,…