Global solar module manufacturer LONGi has said that it will be key to facilitate renewable energy cooperation between the South East Asian countries of Singapore and Indonesia. An MoU on renewable energy cooperation has been signed by Luhut Binsar Pandjaitan, Indonesia’s Coordinating Minister for Maritime Affairs and Investment, and Teo Chee Hean, Singapore’s Senior Minister and Coordinating Minister for National Security, at the countries’ recent leadership retreat. LONGi said that the agreement will enhance Indonesia’s ability to develop renewable energy and will promote cross-border electricity trade for mutual benefit. As a local supplier, LONGi, represented by Dennis Guo, General Manager…
Author: Saur News Desk
UBP Energy Development has signed an MoU with Huawei Digital Power Thailand to build fully digitalized PV systems. Under the pact,, Thailand will have better access to stable clean power generation and clean power supply, using Huawei’s Smart PV technologies. The agreement is expected to pave way for advanced PV solutions for future net zero emission projects in Thailand towards the carbon neutrality 2050 road-map. Huawei Digital delves into digital and power electronics technologies and develops clean power. The agreement was signed by Thanate Poompo, Chief Executive Officer of UBP Energy Development Co., Ltd., and Logan Yu, President of Digital Power Business,…
EVs have paved the way for growth in the lithium battery market. Benefiting from this new market opportunity, venture capital-backed, China based Jcnico (JieChengNico) has reported completion of Series B financing of several hundred million RMB. As per reports, this round of financing was collectively led by Shenzhen Capital Group, Alibaba, Homwon Capital Chifortune Capital, Xinhui Xinke, Pingling Group, He Rong Capital and Longgang Capital. Leap Capital was the exclusive financial advisor for this round of financing. The funds collected from this round will be used to expand the battery recycling channel, develop application scenarios, technology development and capacity expansion.…
Nine South Koreans have sued the government for backtracking on the country’s renewable energy commitment in the latest electricity plan. The latest plan reduces target share for renewable energy in the market, contrary to its pledge to go carbon neutral by 2050. The plaintiffs, entailing a small renewable energy business operator and individual citizens, filed for the revocation of the 10th Basic Plan of Long-Term Electricity Supply and Demand today at the Seoul Administrative Court. The plaintiffs are backed by 24 civic organizations, including a youth activism organization. The latest lawsuit reflects increasing calls for the South Korean government to…
Singapore has signed a pact with Indonesia to develop renewable energy capabilities and to import renewable energies such as solar power and green hydrogen from Indonesia. The MoU was signed by Indonesia’s Coordinating Minister of Maritime Affairs and Investment Luhut Binsar Pandjaitan and Singapore’s Senior Minister and Coordinating Minister for National Security Teo Chee Hean in Singapore. As per the Memorandum of Understanding (MoU) on Renewable Energy Cooperation, it would facilitate the establishment of a framework to mobilise investments in boosting the development of renewable energy manufacturing industries in Indonesia and providing impetus to the cross-border electricity trading projects. Speaking…
GE Renewable Energy, an American wind turbine manufacturer division of General Electric headquartered in Paris, France, will be introducing one of the world’s largest offshore power generation turbines for the Japan market. GE said in a statement that the 17 MW to 18MW model of the next generation of the Haliade-X (“Hariad-X”). is expected to help Japan achieve its target of a low-carbon society. The firm has augmented the power output by approximately 30% against other of its previous models. The length of the blades has been increased for this project. Dwelling on the deal, GE informed that it has…
Following more than a year-long ban on the export of renewable energy, the Malaysian government is reviewing the imposition. This was revealed by the country’s Minister of Natural Resources, Environment and Climate Change, Nik Nazmi Nik Ahmad. The recently appointed minister informed that the review has been discussed twice in Cabinet meetings under the recently-established coalition government. It is being undertaken by the environment ministry and as well as by Malaysia’s economic and trade ministries. Nik Nazmi said that the discussions are underway and the papers will be presented to the cabinet soon. He was speaking at the launch of…
JJ-LAPP, a joint venture between Jebsen & Jessen Group and LAPP Holding Asia, and Trina Solar, a leading global PV and smart energy total solution provider, have signed a memorandum of understanding (MOU) covering strategic cooperation, and foresee tremendous demand in Southeast Asia for solar energy. JJ-LAPP and Trina Solar have agreed to jointly develop solar PV projects in South East Asia for the benefit of customers in the commercial, industrial (C&I) and utility-scale segments of the solar market. Trina Solar provides solar modules, trackers, supervisory control and data acquisition (SCADA) systems and other products required for C&I and utility-scale…
Net zero emission by 2050 has kick started the energy transition process all across the globe. Many countries are facing challenges to follow the path towards net zero emission. Vietnam is also one of the countries facing the challenge to balance economic growth with the need to achieve its net-zero targets by 2050. In this endeavour, Vietnam has also gained US$15.5 billion support from the International Partners Group to help towards coal reduction. However, experts predict that since government still support its ongoing expansion plans of gas-fired power sector, indicating the dominance of fossil fuel still in the country’s power…
Trina Solar Co. Ltd (Trina Solar), solar PV and smart energy total solutions provider, and SUMEC Complete Equipment and Engineering Co., Ltd. (SUMEC Engineering) have signed a memorandum of understanding (MoU) where the two have agreed to strengthen their level of cooperation in Southeast Asian markets. Since 2014, the two companies have achieved many successful projects in the Asia Pacific region such as Vietnam, Philippines, etc. SUMEC – a manufacturing service conglomerate with specialization in EPC (engineering, procurement and construction) contracting for both international and domestic markets – is helping to build Aboitiz Renewables’ 159 MW solar project in the…