Bina Darulaman Bhd (BDB), the Kedah government’s investment holding company, under its newly set up renewable energy unit BDB Energy Sdn Bhd, is joining hands with a local solar energy firm, Pumar Solar Power Sdn Bhd to pursue solar energy opportunities in the country jointly. It is BDB’s first venture into the renewable energy sector. In its bourse filing recently, BDB said, “ BDB Energy has inked a Memorandum of Understanding (MOU) with Pumar Solar Power, which outlines the terms of their collaboration, with a specific focus on exploring opportunities in Kedah, besides other potential states.” “This partnership holds paramount…
Author: Saur News Desk
Chinese photovoltaic firm LONGi has signed a letter of intent to supply advanced modules for several solar projects in Indonesia. To this end, the firm has signed the letter with a number of major players in the Indonesian energy industry that includes miner PT Adaro, oil and gas firm PT Medco and power developer PT Energi Baru TSB. It is expected that the deal would benefit from a Singaporean initiative to import 4GW of low-carbon electricity from overseas, a project introduced in 2021. It is reported that Singapore currently imports 3 GW of such electricity, with 2 GW of this…
It is a win-win situation for Laos and other ASEAN countries as they strive to move away from fossil fuel consumption and toward renewable energy sources. The move has allowed countries like Laos to increase its renewable power generation capacity. According to reports, Singapore, whose primary source of energy is natural gas (95 percent), is trying to make a shift towards importing 30 percent of its energy supply from 4 gigawatts of low-carbon electricity by 2035. It may be noted that around 80 percent of the electricity produced by Laos is sold to neighboring countries, Thailand and Vietnam, making up…
The Davao Oriental provincial government has signed a deal with power firm Dy Green Energy to explore the development of the province’s first 50-megawatt (MW) solar power plant in the Philippines. According to the memorandum of agreement (MOA), the Solar Power Generation Plant (SPGP) will be situated on a 40-hectare land in Barangay Maputi, Banaybanay town, which the provincial government will acquire and, in turn, lease to the company for 15 years, . Provincial Information Officer Kare Lou Deloso, said, “Both parties will begin the project as soon as the land acquisition is completed and the SPGP obtains the required…
Sunview Group Bhd has tied up with UOB (United Overseas Bank) Malaysia to provide installation and management services of solar power systems for local businesses and consumers. The services will be provided through its wholly-owned unit Fabulous Sunview Sdn Bhd. It will ovide services in the development, planning, procurement, as well as construction and maintenance of solar photovoltaic (PV) systems for commercial, industrial, residential and large-scale solar (LSS) projects, said the firm in a statement. The finances for the project will be provided by UOB Malaysia, to complete the projects as well as supply chain support, including access to the…
TUV Rheinland, a provider of technical, safety, and certification services, has launched its first-ever Hydrogen Safety Training Courses to support the growing Hydrogen Industry in Hong Kong. In his 2022 Policy Address, the Chief Executive announced to commence trials on Hydrogen Fuel Cell double-deck buses and heavy vehicles in 2023 and formulate the long-term strategies for the application of hydrogen energy in road transport by 2025. In preparation for the technology’s local application and the development of supporting facilities, the Inter-departmental Working Group on Using Hydrogen as Fuel, led by the Environment and Ecology Bureau (EEB), has approved six trial projects…
A consortium of Japanese Sumitomo Corporation and Parker Bangladesh is setting up a 200MW solar power plant in the Barapukuria coal mine area in the North-Western Dinajpur district, Bangladesh. The plant is composed of a 50MW floating and a 150MW ground-mounted units. The floating unit will be installed in two reservoirs covering 109 and 95 acres, while the ground-mounted unit will be installed on 448.17 acres of land. According to officials at the Power Division, Prime Minister Sheikh Hasina has already approved the plant. As per reports, Sumitomo Corporation is also constructing a Japanese economic zone in Narayanganj. In addition,…
In a significant step towards a more sustainable energy future for Malaysia, Majuperak Holdings Bhd (MHB), a subsidiary of Perak State Development Corp (PKNPk), has recently signed a memorandum of understanding (MOU) with SPIC Energy Malaysia Bhd, a subsidiary of State Power Investment Corporation (SPIC), one of China’s largest electricity generating companies. It is a collaborative effort to explore the potential development of ground-mounted and floating solar photovoltaic projects in Perak. It also aims to explore potential joint ventures for engineering, procurement, construction, and commissioning services to potential investors. This initiative aligns with the 12th Flagship Perak Sejahtera 2030 program,…
Asia Pacific (APAC) solar power market size was US$ 317.4 billion in 2022 and is projected to reach US$ 2,486.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 25.7% during the forecast period from 2023 to 2031, as per the Astute Analytica market report. As per the report, the Asia Pacific region has established itself as a powerhouse. The Asia Pacific solar power market is expanding due to falling solar panel prices, a focus on distributed solar power generation, and rising energy storage demand. It said India has advanced significantly in the Asia Pacific solar power…
Around 380 GW of capacity by 2032 is expected to be added to the global offshore wind industry. Nearly half of this will come from the Asia-Pacific (APAC) region, according to the industry body the Global Wind Energy Council (GWEC). “The APAC region, along with a number of other new countries turning to offshore wind for their energy needs, represents the next frontier for the industry,” said the report. Around 180GW of additional capacity has been identified in the APAC region outside of China, with Australia alone accounting for more than 50 GW, according to the Global Offshore Wind Report…