The Philippines Department of Energy (DoE) has amended the auction schedule for the upcoming 11.6 GW green energy auction. As per the new schedule, the auction has been postponed to May 19 from the previously assigned date of May 12. Hence, after the registration of qualified suppliers, the evaluation of those applications will be carried out between May 22 and May 24, which was previously marked from May 15-17.The DoE will publish the names of the qualified suppliers on June 1 instead of May 24 and pre-bid conference will be held on June 6, 2023. As per the DoE, those…
Author: Saur News Desk
Japan’s Shizen Energy has partnered with investor Inmark Asset Management and South Korean Dohwa Engineering Co., Ltd. to form a joint venture named Inmark Jayeon Energy, that will focus on developing renewable energy projects in South Korea. As per the agreement, Shizen will hold 40% and the remainder will be shared between the other two local partners. The venture would focus on projects targeting onshore and offshore wind, solar and storage. The South Korean government’s 10th Basic Plan, which was introduced in 2023 for electricity supply and demand has projected that the share of electricity generated from renewable sources in…
The Leyte provincial government in the Philippines has plans to invest about PHP70 million to install a solar power system at the new provincial capital complex before the end of this year. Commenting on this, Leyte Governor Carlos Jericho Petilla said, “The local government will soon use alternative, sustainable, and environment-friendly energy instead of sourcing from fossil fuels. The project will be bid out soon. Once awarded, this will be up and running within three months. The payback period is seven years and it will last for 25 years.” It is reported that solar panels will be installed on both…
Nozomi Energy- a new renewable energy platform has been set up by London-based global infrastructure investor Actis. The new firm aims at 1.1 GW of onshore wind and solar power generation in Japan by 2027 with an investment of $500 million. The firm said in its statement that the investment for Nozomi Energy has come from its latest $6 billion energy infrastructure fund. Actis already has investments in 12 GW of renewable energy capacity globally, it noted. As a first step, Nozomi has already signed its first investment and seed asset by acquiring 100% of Hergo Japan Energy Corporation, which…
In a bid to electrify the local transport and rising calls from the public, the Philippines Government will include e-motorcycles in the import tariff incentives. E-motorcycles will be the focus of the mandatory review of an Executive Order (EO) 12 issued by the President, as per the economics official. The EO .12 is reported to take effect in nine months from now. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan is reported to have issued the statement in response to the rising calls from the public to expand the coverage of Executive Order 12 to include all types of…
Solar power projects worth a total of US$503 million will be constructed in Western Pangasinan. Recently, the provincial government of Pangasinan signed an agreement with CS First Green Agri-Industrial Development Inc., URIT Limited Philippines Corporation, and China Energy International Group. The solar farms are located in the upland areas in the towns of Infanta and Dasol in western Pangasinan. Commenting on this, Governor Ramon Guico III,said, “There’s a looming energy crisis. In some parts of the province, there have been outages. And again, Pangasinan is going to play a key role in contributing to the power requirements of our country.”…
The US solar technology firm, Maxeon has announced its plan to invest $900 million in solar energy in the Philippines. This comes as a part of expanding its operations in the country. This was announced after the officials of Maxeon met with President Ferdinand R. Marcos Jr. and his delegation in Washington DC. Bill Mulligan, CEO of Maxeon which operates the SunPower brand in all global markets including the Maxeon brand in the United States, Canada and Japan, said, “The investment will provide more than 3,000 jobs in the next few years.” He expressed confidence in administration of President Marcos…
Indonesian power utility PLN (Persero) has collaborated with Total Eren SA in the construction of a 70 MW wind power plant project in Tanah Laut, South Kalimantan, Indonesia. This is also the first renewable project in Indonesia equipped with a 10 MWh Battery Energy Storage System (BESS) technology. Adaro Power and Pembangkitan Jawa Bali Investasi (PJBI) are also involved with Total Eren in the RE project. This collaboration was marked by the signing of the Power Purchase Agreement between the PLN and Total Eren, Adaro Power and PJBI. The wind and BESS project is an innovation carried out by the…
The Malaysian Hektar Real Estate Investment Trust (Hektar REIT) has now planned to rope in solar energy to reduce the energy costs of its malls in the South Asian country. CEO of the trust Johari Shukri Jamil recently revealed the plans to use solar power in their malls. Hektar REIT owns 2 million square feet of retail space in four states in Malaysia. Their assets are valued at RM1.2 billion as of Dec 31, 2022. Some of its commercial properties included– Subang Parade in Selangor; Mahkota Parade in Melaka; Wetex Parade and Classic Hotel in Muar, Johor, Central Square in…
National Energy Administration (NEA) has recently reported that China’s installed renewable energy capacity has shown robust growth in the first quarter amid the country’s pursuit of green transition. The NEA drafts China’s national energy strategy, implements energy policy, and regulates energy sectors including coal, electricity, oil and gas, and nuclear power. According to NEA, China saw its newly installed capacity of renewable energy rise 86.5 percent year on year to 47.4 million kilowatts in the first quarter, which accounted for 80.3 percent of the country’s newly installed power generation capacity. It further reported that by the end of March, the…