For the better management of solar power, the Electricity Generating Authority of Thailand (EGAT) has developed the first platform for the exchange of electric power in collaboration with Kasikornbank (Kbank) and Kasikorn Business-Technology Group. The application called – Punfai application will enable the management of power generated from solar panels that will allow users to share their surplus electricity for a good return and facilitate reduction in the electricity cost. As per the statement, the project is expected to start the trial in the third quarter. This application will facilitate shorter payback period and help in the maximum usage of…
Author: Saur News Desk
A recent research report by the Institute of Energy Economics and Financial Analysis (IEEFA), released on Wednesday, claimed that Bangladesh could incorporate around 1,700 Megawatt (MW) to 3,400 MW of solar energy during the day and around 2,500 MW-4,000 MW of wind energy at night into their existing power system. The report said that the South Asian country is already struggling with higher electricity subsidies, over-dominance of fossil-fuel energy, and import dependence. Bangladesh has already established a target of ensuring 40 percent of its total power comes from clean energy sources by the end of 2041. The IEEFA report claimed this would demand…
SMC Global Power Holdings Corp, the power arm of Philippines-based conglomerate San Miguel Corp which is running behind the plan of delivering a 1 GW/1 GWh fleet of battery energy storage systems (BESS) by the end of last year, continues to launch big batteries across 32 sites in the Philippines, that will integrate up to 5 GW of renewables into the island nation’s grid. SMC unveiled a 50 MW BESS in Limay, Philippines, as part of its nationwide 1 GW/1 GWh roll-out. Limay is one of 32 battery sites the group is building across the islands of Luzon, Visayas, and…
Recently, Philippines disclosed the country’s renewable energy (RE) road-map at 13th session of IRENA in Abu Dhabhi where it highlighted its energy transition goal to increase the renewables share in the power generation mix to 35 percent by 2030 and 50 percent by 2040 from the current level of 22 percent. In a step towards achieving this goal, in the coming month of June,the Philippines will auction rights to build up to 11,600 megawatts of new power capacity from renewable sources in the next three years, gradually reducing its dependence on coal. Dwelling on the auction and the sources for…
EcoFlow, a Philippines-based portable energy solutions company, has launched two new series of fast-charging energy solutions catering to mobile power users’ demands. The firm has named it as DELTA 2 and RIVER 2 series. They have been designed to cater to the different energy demands of energy consumers. These new series are equipped with high-capacity Lithium-ion batteries. The venture claimed these two segment energy solutions could last up to 3,000 complete charge cycles before reaching 80 percent capacity. The RIVER 2 series weighs up to 3.5 kilograms (Kg), while the DELTA 2 weighs 12 kg. According to EcoFlow, DELTA 2…
Renova Inc-a Japanese renewable power producer, has received funds for its 54.6-Megawatt (MW) Reihoku Amakusa Wind Power Project. Reihoku Wind Power GK is developing the project at Kumamoto prefecture in southern Japan. The firm secured finances through a Memorandum of Understanding (MoU) signed between Renova and a group of Japanese financial institutions. Sumitomo Mitsui Banking Corp (SMBC) was the lead manager, and SMFL MIRAI Partners Co. Ltd was the mezzanine lender in this case. Renova has laid the foundations for the Reihoku Amakusa Wind Power Project since 2017. It measured wind conditions, assessed environmental impact, and held earlier explanatory meetings…
India’s waste to energy firm Ecogreen Energy has selected GE to deliver its Flexinverter Solar Power Station technology for the 130 MWp, 100 MWac Nigde Bor Solar Power Plant to be built in Nigde, Turkey. The project is part of the YEKA GES- 4 tender issued by the Ministry of Energy (MOE) in Turkey. GE will carry out designing, engineering, procurement, and commissioning of the Solar Power Station.With this project, GE will be delivering total 1.3 GW of solar projects in Turkey. Commenting on this, Prakash Chandra, Renewable Hybrids CEO, GE, said, “The potential for solar energy in Turkey is…
China has come up with an exclusive development in utilising solid hydrogen for electricity generation as China Southern Power Grid’s two hydrogen power stations are connected to the grid, recently. Out of the two stations, one of the stations, Nansha Smart Hydrogen Station, located in Guangzhou City, south China’s Guangdong Province,contains seven advanced solid hydrogen storage facilities.The other hydrogen power station, located in Kunming City, southwest China’s Yunnan Province, has already stored 165 kilograms of hydrogen power.Around 2.300 KW hours of electricity, during peak hours, can be supplied by this hydrogen storage and it can generate power continuously for 23…
China’s market for green hydrogen equipment (electrolyser) is estimated to be 50 billion yuan by 2028, that is expected to grow about 20 times in next five years due to the plunging costs of the clean energy source plunge, according to a CICC report. The report revealed that this will be achieved when domestic demand for the equipment will reach 40 gigawatts and green hydrogen production is likely to top 4 million tons. It pointed out further that the new method of extracting hydrogen (zero emission fuel) from water using renewable energy zero-emissions fuel is gaining momentum that will cut…
The agreement with PT PLN Batam and PR Trisurya Midtra Bersama for the development of solar energy and energy storage in Indonesia has been terminated by Singapore’s Sembcorp Industries. The Joint Development Agreement was signed in October 2021, which was aimed at developing a large scale integrated solar and energy storage project in Indonesia’s Batam, Bintan and Karimun (BBK) region. Had it been implemented, the project would have supported around 1,000 direct and indirect jobs in Indonesia and Singapore during its construction. As per the JDA,there were plans for solar power generation capability of around 1 gigawatt-peak (GWp).It was aimed…