Singapore-based renewable firm, Vena Energy has received a green loan for the 53 MW Kasama Solar Project in Ibaraki Prefecture, Japan. The Project has the capacity to meet the power needs of over 14,000 households annually, which will be equivalent of reducing over 38,000 tonnes of greenhouse gas emissions and saving up to 54 million litres of water, compared to thermal generation, the firm said in its press statement. Dwelling on the details, the statement said that the JPY16.9B financing arrangement was led by MUFG Bank, Ltd. with co-financing by Joyo Bank in Japan, and it is in line with…
Author: Saur News Desk
Japanese auto giant Toyota has ambitious plans to enhance its vehicles driving range, charging time and slash the costs of future EVs. To this end, it will introduce high-performance, solid-state batteries and other technologies. Dwelling on its technology roadmap, it said in its official statement that it aims to cover aspects as varied as next-generation battery development and a radical redesign of factories. This aligns with its plan to compete in the fast-growing market for EVs, where it is reported to need to catch up to its prime competitors such as Tesla. “With the evolution of the vehicle’s operating system,…
Malaysia-based Terengganu Inc (TI), Terengganu state government’s strategic holding investment company, has tied up with the Tenaga Nasional Bhd’s (TNB) Power Generation Sdn Bhd (TNB Genco) to carry out studies for the development of a floating solar photovoltaic plant at Tasik Kenyir. TI chairman Datuk Seri Dr Ahmad Samsuri Mokhtar said, “The study is aimed to identify some critical aspects before the 1,000 megawatts (MW) floating solar plant project is to be greenlighted. This MoU was made because the planned project is big, and an expected 1,000 MW solar pump will be built in Kenyir. Hence, TI has to ink…
Singapore-based renewable energy platform Athein is seeking to raise funds between $250 million and $300 million in equity from investors to build its solar and wind projects in selected Southeast Asian countries like India, the Philippines, and Vietnam. Milan Koev, Athein’s Chief Executive Officer (CEO), said that the cleantech company sought $1 billion over the next five years to fund the 2.5 gigawatt-peak (GWp) pipeline of projects. The remaining funds will be in the form of debt. Moreover, he said the firm hired Hong Kong-based Green Horizon Capital Partners to advise on the equity raise. This equity raise is the…
Malaysian firm Kinergy Advancement Berhad (formerly known as Kejuruteraan Asastera Berhad), dealing in energy and engineering solutions, has officially unveiled its new name and logo. The firm stated that rebranding signifies its commitment towards the regional expansion of its sustainable energy solutions (SES) business. In its statement KAB said “Kinergy” is a fusion of the words “kinetic” and “energy”. It symbolises the motion, force and momentum generated when the group takes action to drive positive change and progress toward its goals. The word “Advancement”, represents the group’s commitment for continuous improvement and progress. KAB group Managing Director Datuk Lai Keng…
Singapore-based SP Group (SP), a utility group and sustainable energy solutions provider in Singapore and the Asia Pacific region, will invest in its first batch of agrivoltaic assets in Guangdong province, China. The project, located at four agricultural sites in Dabu County, Meizhou City in Guangdong Province, will boast of the integration of solar photovoltaics (PV) with 7.8 Megawatt-hours (MWh) of battery energy storage systems, with a total installed capacity of 78 Megawatt-peak (MWp). In its statement, the firm said that the solar-plus-storage model will enhance the stability and resilience of the power grid and will have the potential to…
Trina Solar, a firm that delves into solar energy innovation, has unveiled its new n-type i-TOPCon advanced technology. The technology was given its first public viewing on the first day of the International Solar Photovoltaic Power Generation and Smart Energy Conference and Exhibition in Shanghai on May 24, 2023. Next year onwards, the Vertex n-type series will be upgraded, with the most powerful module in the series generating more than 700 W, the firm announced. At the exhibition, Trina Solar also announced that work on Phase II of its 15 GW monocrystalline silicon ingot project at its factory in Xining,…
Indonesia’s PT PLN (Persero) will distribute green electricity to PT Pamapersada Nusantara BBSO through a Renewable Energy Certificate (REC) service. To this end, a REC sale and purchase agreement of 2,898 units has been signed between the mining contractor company and PLN South Kalimantan and Central Kalimantan Distribution Main Unit (UID Kalselteng). With this agreement, Pamapersada Nusantara has become the first low-voltage customer in South Kalimantan to use REC from PLN. Commenting on this, General Manager of PLN UID Kalselteng, Muhammad Joharifin explained, “REC is a certificate for the production of electrical energy produced by renewable energy plants where one…
South Korean IT service provider, Kakao Corporation, has joined RE100 climate group, which is the global corporate renewable energy initiative committed to 100% renewable electricity by 2040. In its statement, the firm states that it plans to increase renewable energy utilisation for the operation of new internet data centers (IDCs) and headquarters. It has plans to use 60 percent renewable energy by 2030, making it to 100 percent a decade later. To this end, Kakao will establish an advisory panel comprising professionals from various fields to promote the social value of carbon neutrality. Last year, it completed transition to eco-friendly…
To achieve its NDC (Nationally Determined Contributions) or emissions reduction commitments and unlock the green economy potential, the SEA (South East Asia) region will need to reduce greenhouse gas emissions by 33% from business-as-usual levels in 2030. This has been revealed in Southeast Asia’s Green Economy 2023 Report: ‘Cracking The Code’, a report by Bain & Company, Temasek, GenZero and Amazon Web Services (AWS). The report stresses on public and private sectors’ collective efforts to reach the goal that the four SEA countries – Indonesia, Singapore, Thailand, and Vietnam have committed to material emission reduction targets by 2030. “Eight out of…