Delta, a global lending provider for energy and thermal management solutions, on Thursday, unveiled its Smart Electric Charging Station theme concept at Taiwan’s E-Mobility 20235. The move was aimed at demonstrating innovative energy-saving productions and solutions. It included EV powertrain and power management systems, microgrid-supported EV charging infrastructure, and powertrains for e-scooters and e-bikes, enabling smart e-mobility for sustainable cities. Delta’s Chief Executive Officer Ping Cheng said, “…transport sector accounts for 23% of global energy-related CO2 emissions. Delta became the world’s first EV charging solutions provider and Taiwan’s first enterprise to join the global EV100 initiative in 2018. By leveraging…
Author: Saur News Desk
A memorandum of collaboration (MoC) has been signed between Bursa Malaysia and Petronas, Malaysian oil & gas firm, to push forward (ESG) environmental, social and corporate governance adoption and practices through Bursa Malaysia’s Centralised Sustainability Intelligence Platform. The firms explained in a statement the Bursa Malaysia’s platform is a collaboration with the London Stock Exchange Group that will allow corporates and their listed and non-lister suppliers, domestic and international, to calculate their carbon emissions impact and disclose standarised, common ESG data. Further, Bursa said, “The purpose of the platform is to ease companies in their sustainability disclosures and encourage effective…
PTT Group , the Thai state-owned oil and gas company has confirmed its investment of US$7 billion in green hydrogen with Saudi Arabia’s ACWA Power. Moving ahead with its goal of net zero emissions by 2050, PTT expects the green hydrogen produced will be powering the future of EVs in ASEAN. Green hydrogen is obtained using renewable eenrgy sources, unlike brown and other generations of hydrogen which use fossil fuel in the production process. Renewable green hydrogen is obtained through the electrolysis of water that can be stored for usage like powering automobiles or industrial machinery. Thailand is following in…
Chinese photovoltaics firm Trina Solar will be exhibiting its new tracker at Green Energy Expo in Daegu to be held between 12-14 April. The firm will employ the platform to announce the launch of the second generation of its TrinaTracker Vanguard 2P tracker. Following the successful announcement of TrinaTracker’s selection by Samsung C&T on the 875MW Qatar Energy project, Trina Solar is exhibiting the next generation of Vanguard 2P Tracker at the Green Energy Expo in South Korea. “Trina Solar has been in business for more than 25 years and we are synonymous with solar modules, but in response to…
Renewable energy engineering and project management consultancy, K2 Management (K2M), has been appointed by MunmuBaram Co., Ltd, a joint venture of Shell and Hexicon AB, as the lender’s technical advisor for the MunmuBaram floating offshore wind project. The MunmuBaram JV aims to develop, construct, and operate a 1.3GW floating offshore wind farm, located in Southeast Korea between 65 and 80 km offshore from the city of Ulsan. In this first stage as the Lender’s Technical Advisor, K2M will support the client by reviewing the general project status and conducting a bankability assessment. In the second phase, K2M will provide full…
America’s automotive and renewable energy firm, Tesla will be opening a factory in Shanghai to produce its Megapack large-scale batteries. Tesla has informed that this Megafactory in Shanghai will be capable of the annual production of 10,000 Megapacks , which is equivalent to its other Megafactory in Lathrop, California, about 70 miles east of San Francisco. Elon Musk, Tesla’s CEO, informed via a tweet that the factory in Shanghai would supplement the production in California. As per local reports,the factory in China will be built in Lingang, a suburban area of Shanghai where Tesla’s vehicle factory is also located. Lu…
Malaysian Betamek Bhd, an automotive electronics manufacturing services (EMS) provider, has signed a 25-year PPA with ManagePay Systems Bhd to incorporate solar energy utilisation at its electronic products manufacturing facility in Rawang, Selangor. As per the solar power purchase agreement (PPA), ManagePay’s wholly-owned unit, ManagePay Resources Sdn Bhd (MRSB), will be responsible for the installation, operation and maintenance of the solar generating facility at Betamek’s Rawang facility with minimum capacity of 515.2-kilowatt peak (kWp). Further, as per the solar PPA, Betamek will pay for the solar-generated power based on electricity tariffs which is a 30% discount of the prevailing tariff rate.…
The recent ‘Photo Voltaic (PV) Price Forecasting Report’ released by the Clean Energy Associated (CEA) claimed that the solar PV module pricing in China would drop around 15 percent from the fourth quarter (Q4) of 2022 to the Q4 of 2023. The report said this is primarily due to the reduction of polysilicon prices. The report also said that the module pricing in Southeast Asia is slated to decrease around 5 percent at the same time as the key suppliers are expected to return to operations after some disruptions. The report also said that for the United States (US), the…
The recently established Singapore’s IPP platform Athein, a Joint-Venture partnership between four Southeast Asian companies, is all set to build over 500 MWp of utility scale and commercial and industrial solar power across Philippines. This JV between- ATAD, Hexagon Holdings and Invenic and their founders – Dong Hyunh, Milan Koev and Edmund Yen – aims at developing, building and operating assets in four key geographies – Vietnam, Philippines, Indonesia and India through M&A deals and self-originated pipeline with a target to achieve 2 GWp of operational capacity by 2030. Recently, the Philippines government announced exemption of rules to promote renewable…
The Indonesian government has an ambitious plan of reaching 2.5 million EV users by 2025 and reducing air pollution by 29% by 2030. To fulfill its aim, this year the country will subsidise the purchase of EVs. Further, in 2035, the Indonesian Ministry of Industry aims at producing ~1 million four-wheelers and 3.22 million two-wheelers, This step will bring the country closer to its commitment of reducing carbon emissions and achieving the Net Zero Emission target by 2060. In the latest Fitch Ratings report, it is estimated that four-wheeler EV sales will accelerate to 5% of Indonesia’s total car sales in…