Singapore-based renewable energy firm, Vena Energy, has begun the operation of Taiwan’s largest 272 MW E2 Solar Project. It is one of the firm’s largest operating projects as well. Spread on 226 hectares, the E2 Solar Project features 680,000 solar photovoltaic panels with an installed capacity of 272 MW, which can generate around 400 million kWh annually. This is equivalent to the annual electricity requirements of more than 90,000 Taiwanese households, which is up to four per cent of Taiwan’s total solar energy output, thus making it a major contributor to Taiwan’s transition to green energy. Speaking at the inauguration…
Author: Saur News Desk
The government of Germany has shared that it will be aiding the Philippines’ transition to renewable energy. This was as informed by Jennifer Morgan, the Special Envoy for International Climate Action, and Germany’s State Secretary. Morgan added that Germany is looking at exchanging technology as well as expertise in onshore and offshore wind power. Opportunities in other renewable energy sources will also be explored. She added that the Philippines boasts of vast reserves of renewable energy, like wind and solar. She further spoke about the German priority to forge partnerships with the private sector and others in order to assist…
A wholly-owned subsidiary of Mudajaya Group Berhad (MGB), Mudajaya Energy Sdn Bhd (MESB), has signed a Memorandum of Understanding (MOU) with Concord New Energy Group Ltd (CNE). The agreement will pave the way for a joint venture between the two firms aiming at the development of renewable energy projects in Southeast Asia and China. Concord New Energy delves primarily into wind power electricity generation. The two firms have joined hands towards the submission of proposals for the execution of mutually agreed upon particular domestic and foreign projects in the regions. These will specifically look at solar and wind energy power…
Argus, a leading global energy and commodity price reporting agency, launched the world’s first international renewable energy certificate (I-REC) prices for China on Thursday. It helped get a trend on the renewable power premiums for the world’s largest certificate issuer and electricity production base. “Expanding our I-REC coverage to include China, the world’s largest market, introduces essential new pricing transparency that enables energy producers and buyers to use independent price references to index supply agreements, manage risk, and plan energy sales and procurements. This new insight plays an important role in driving the transition by helping to identify the source…
Spanish firm Solarpack has raised MYR285 million through its project company, 3SP which issued an ASEAN Green SRI Sukuk Wakalah in accordance with the ASEAN Green Bond Standards, the Securities Commission Malaysia’s Sustainable and Responsible Investment Sukuk framework and the International Capital Market Association’s Green Bond Principles. In its statement, it said that these Islamic notes comprise 38 semi-annual tranches with tenors ranging from 1 year to 19.5 years framed in a way that would match closely with the cash-flow generation from the Project. The net proceeds from the issuance have been utilised to refinance the bridge loan raised to…
On Wednesday, Contemporary Amperex Technology Co. Limited (CATL) launched its condensed high-energy density battery with cutting-edge technologies at the Auto Shanghai event in China. The firm said that the battery’s energy density stands at around 500 Wh/Kg. The company said that with these new virtues, these batteries could be used in passenger aircraft. Moreover, it said that the company is likely to attain mass production of these batteries in a short span of time. To address the changes of the super high energy density materials resulting from electrochemical reactions, CATL’s condensed battery leverages highly conductive biomimetic condensed state…
The 20th Shanghai International Automobile Industry Exhibition in Shanghai on April 18, 2023 attracted many foreign brands looking to catch up with Chinese competitors in the crucial electric vehicle market. The show will conclude on April 27. This was the first auto show after pandemic restrictions with several new models from domestic and western brands being exhibited at the show. EVs contribute to a quarter of car sales in China, which is the world’s largest car market. As per data, domestic brands rule 81 percent of the EV market in China, giving a tough competition to other titans in the…
Volkswagen, Vale, Ford, Huayou have joined hands to build EV battery ecosystem in Indonesia. The partnership is finalised to build EV battery ecosystem in Indonesia.Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Brazilian Vale, US’s Ford Motor and China’s battery minerals producer Zhejiang Huayou Cobalt. The partners are relying on Indonesia for its raw materials used in producing EV batteries, which is about 40% of a vehicle’s price, with a target to cut costs and to catch up with EV market leader Tesla. In a video statement, Investment Minister Bahlil Lahadalia said,…
Japanese firm Toyota Motor Corporation has said that it has plans to launch ten new EV models by 2026. To implement this plan, the firm has announced its strategy and aims at reaching global annual sales of 1.5 million and hopes to catch up with current industry leaders in the EV market, Tesla and BYD. After dealing with engine vehicles for years, the Japanese auto supply chain will undergo structural transformation as Toyota shifts to electric vehicles. The number of parts required for EVs is expected to be 30% to 40% lower than that of gasoline-engine vehicles. Toyota ranks 28th…
Ahead of G-7 Summit to be held in Hiroshima in May, energy and environment ministers of the Group of Seven nations expressed their commitments to work towards renewable energy transition. This was discussed at two days of meeting in Northern Japanese city of Sapporo. The officials issued a 36-page communique laying out their commitment without setting timetable for phasing out coal-fired power plants. During the meeting, Japan won endorsements from fellow G-7 countries for its own national strategy claiming that clean coal, hydrogen and nuclear energy will help ensure its energy security. “Recognizing the current global energy crisis and economic…