Saha Group Builds Thailand’s First Floating Solar Plant In An Industrial Park
Thailand’s Saha Group, a leader in industrial sustainability, has revealed Thailand’s first floating solar power system in an industrial park at Saha Group Industrial Park Sriracha, as a model project supported by the Government of Japan to facilitate the reduction of greenhouse gas globally. This plant is the first in an industrial park in Thailand and a model for utilising a reservoir for higher quality of life in an industrial park with attention to its people, community members and the environment. The project is part of Saha Group’s renewable energy plan for Saha Group Industrial Park Sriracha and a collaboration with Impact Electrons Siam Co., Ltd. through its solar power business arm Impact Solar Limited, under Saha Group’s vision for sustainability through improving quality of life, delivering quality products produced with clean energy, and creating a good society.
Tenaga Nasional to Invest in Five Vietnam Solar Projects by Sunseap
Sunseap Group said that TNB Renewables Sdn. Bhd., a wholly owned subsidiary of Malaysian national electricity company Tenaga Nasional Berhad (TNB), will be buying a 39% stake in its five solar rooftop projects in Vietnam. The projects in southern Vietnam with a total capacity of 21.6 megawatts peak (MWp) were completed in December 2020 under Vietnam Electricity’s (EVN) Feed-In-Tariff 2 programme to promote investments in renewable energy sources by guaranteeing producers an above-market rate. All five plants have a 20-year Power Purchase Agreement (PPA) with state-owned EVN to supply clean energy to Vietnam’s national grid at a feed-in-tariff of US$0.0838/kWh.
Singapore MOE To Make Its Schools Solar Equipped
Singapore’s Ministry of Education(MOE) plans to reach its target of getting at least 20 percent of schools to be carbon-neutral by 2030. Progressively equipping schools with solar panels over the next decade is one way the Ministry of Education (MOE) plans to do this. MOE is also working towards a two-thirds reduction of net carbon emissions from the schools sector by 2030. MOE will start by piloting sustainability features and related concepts in four schools – Elias Park Primary School, Mee Toh School, Commonwealth Secondary School and Tampines Secondary School as these schools have already adopted a holistic school-wide approach to sustainability. Further work will be done with them to reduce net carbon emissions from the school buildings, and to encourage students to actively reduce their individual carbon footprint.
Tsingshan Plans Solar Plant In Indonesia
Recently, China’s Tsingshan Industry launched its project for building a clean energy base. This project seeks to develop and construct solar and wind energy plants and supporting facilities in Tsingshan’s Indonesia Morowali Industrial Park and Indonesia Weda Bay Industrial Park. The project follows six months of intensive feasibility studies and careful planning. Tsingshan Industry is committed towards investing and building a 2000 MW clean energy base in Indonesia within the next three to five years, and laying the clean energy groundwork for further green developments. Clean energy produced will be used mainly to power the production of raw materials required for the batteries used in electric vehicles. Tsingshan is also planning to, in the near future, launch a 5000 MW hydropower project to enhance our energy assurance.
Inverter Capacity Sold By SMA In Vietnam Exceeds 2 Gigawatts
SMA Solar Technology AG (SMA), a leading global specialist in photovoltaic system technology, has sold more than 2 gigawatts of solar PV technology in Vietnam to date. The German company, with subsidiaries worldwide, has captured a significant market share in the Southeast Asian country and is helping to meet Vietnam’s rapidly growing energy needs with reliable energy solutions for solar power plants of all sizes. The importance of solar energy is growing worldwide. At the same time, the confidence of people in Southeast Asia in renewable energies has also increased. With an exponential growth in demand and supply over the last few years, Vietnam’s solar PV market evidences what supportive regulatory infrastructure can do to encourage more and more people to opt-in for solar energy.
MUFG Spearheads Green Financing Facility For 100MW Solar Plant In Malaysia
Mitsubishi UFJ Financial Group, Inc.’s banking subsidiary in Malaysia, MUFG Bank (Malaysia) Berhad (MUFG), announced that it acted as mandated lead arranger and sole green structuring advisor for a RM342 million syndicated financing facility for the development of a 100-megawatt solar plant located in Perak, Malaysia. The Kerian solar plant, named after a district in northwestern Perak, is commissioned by a consortium comprising local power company TTL Energy Sdn Bhd and ENGIE Asia Pacific (“ENGIE”), the APAC arm of the French multinational energy company Engie SA, which was one of the successful bidders under the third cycle of the Large-Scale Solar (LSS3) scheme introduced by the Malaysian government to increase electricity generation from renewable energy. It is scheduled for commercial operation in Q1 2022 under a 21-year Power Purchase Agreement with Tenaga Nasional Berhad (TNB).
Solar PV Sole Driver For Renewable Power In Singapore, says GlobalData
Singapore is increasingly relying on solar photovoltaic (PV) deployment to achieve clean energy targets as the resource-constrained country has limited renewable energy options. As a result, the installation of rooftop PV systems on public housing has become one of the prominent drivers for the growth of solar PV in the country, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Singapore Power Market Outlook to 2030, Update 2020 – Market Trends, Regulations, and Competitive Landscape’, reveals that solar PV capacity of Singapore, which was negligible in 2015, increased to 0.4GW by 2020. The country has already started moving towards its next ambition of reaching at least 2GW of solar energy by 2030, which would be enough to power about 350,000 households. For future growth, the country is increasingly investing in floating solar energy R&D initiatives.
IEEFA: Renewables Should Be Focus Of Vietnam’s Draft PDP8, Not Coal And Gas
Vietnam’s recently published draft power development plan for 2021-2030 (PDP8) has failed to acknowledge the importance of developing a more flexible system that can accommodate a changing technology mix, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). Many conventional coal and gas-power projects failed to progress during the development process, only managing to meet half of the targeted capacity for 2016-2020. Solar power developers however over-delivered by five times, and they have done so in a fraction of the time.
Sembcorp Grows Renewable Energy Portfolio With 82 Megawatt-Peak Of Solar Project Wins
Through its wholly-owned subsidiary, Sembcorp Solar Singapore (Sembcorp Solar), Sembcorp is awarded a 60MWp solar energy project by the Housing & Development Board (HDB) and the Singapore Economic Development Board (EDB). Since January 2021, the company has also won other commercial solar deals totalling 22.3MWp. This includes a SolarRoof Phase 2 project awarded by JTC Corporation (JTC) to build a 17.4MWp solar system on the rooftops of 48 JTC buildings, targeted for completion in the fourth quarter of this year. With these awards, Sembcorp’s portfolio in Singapore has now grown to 362.3MWp2 of solar power capacity in operation and under development. It is now the nation’s leading solar energy provider, managing a full spectrum of solar capabilities across rooftop, ground-mounted and floating solar projects
Signing Of Memorandum Of Understanding (MoU) Between APVIA And ACE A New Cooperation To Enhancing Support To Asia’s Solar PV Industry
A significant cooperation between the Asian Photovoltaic Industry Association (APVIA) and the ASEAN Centre For Energy (ACE) was agreed upon via the signing of a memorandum of understanding (MoU). The main focus of the MOU is on an industry-based capacity building. APVIA and ACE have a shared objective of serving the solar PV industry interest. This MoU provides a formal platform for developing and conducting courses which can be a catalyst for strengthening future cooperation between APVIA and ACE. This MoU was signed by the Executive Director of ACE, Dr. Nuki Agya Utama and the Executive Vice Chairman of APVIA, Mdm. Mi Yue. The MoU is a form of mutual commitment to promote the training and human resource development by both organizations.