Sunseap To Install Green Energy Systems For StorHub Self Storage Facilities In Singapore
Sunseap Group said it has installed green energy systems at several StorHub self storage facilities across Singapore as part of StorHub’s decarbonisation efforts. The green energy systems comprise of smart air-conditioning systems, electric vehicle (EV) charging points, green roof and solar energy systems, and are split across nine of StorHub’s thirteen facilities. These solutions will help StorHub to join the fight in acting more sustainably and energy efficient. StorHub and Sunseap Solutions’s partnership, a subsidiary of Sunseap, toward this goal is in line with Singapore’s Green Plan 2030, an initiative by the Singapore government to advance the republic’s national agenda on sustainable development. Sunseap Solutions provides various energy efficiency initiatives and demand response offerings which help reduce overall energy consumption in buildings.
TechSci Research: Vietnam Solar Photovoltaics Equipment Market To Grow At A CAGR Of 12.09% By 2026
Vietnam solar photovoltaics equipment market is forecast to grow at a CAGR of 12.09%, in value terms, to reach USD3514.65 million by 2026. Growth in the market is anticipated on account of increasing electricity demand from industrial, commercial as well as residential end user segments. With favorable initiatives taken in the solar sector by the Government of Vietnam, an increasing number of investors and developers are also increasing their investments in solar industry in different regions across the country. The government offers some preferential policies and other financial incentives such as preferential tax and duty levies for growth in the solar sector. Positive FiT incentives have proven to be the most effective policy for renewable energy growth. The engagement of local commercial banks to finance the rooftop investment portfolio has built momentum for rooftop solar leasing. The residents require further incentives like the national rooftop solar programme, supported by German state-owned development bank KfW. The sponsorship mechanism must be implemented as soon as possible to maintain the eagerness of individual installers.
NS BlueScope Lysaght Singapore Pte Ltd Signs PPA With Urban Renewables For Rooftop Solar
NS BlueScopehas’s subsidiary NS BlueScope Lysaght Singapore Pte Ltd has signed a long-term Power Purchase Agreement (PPA) with sustainable energy developer, URBAN RENEWABLES to provide clean solar energy sourced from a solar PV rooftop installation at the company’s industrial facility in Singapore. BlueScope has decided and committed to a 12 percent reduction of greenhouse gas (GHG)emissions intensity by 2030 and the increased use of renewable energy across its facilities. Hence, NS BlueScope Lysaght Singapore Pte Ltd will dedicate its rooftop for the installation of a 500 kWp solar project.
Mitsui & Co. To Build First Mega Solar Project In Philippines
Mitsui & Co. which is a Japanese trading house has chosen the Philippines as the site for its first mega solar project in Southeast Asia. For the same, it has formed a renewable energy joint venture with Philippine utility Global Business Power. The solar project in the northern province of Rizal is expected to cost roughly 7 billion yen ($64.4 million). Mitsui will contribute about 40% of the bill. This solar farm will be completed in March 2022and will generate 115 megawatts of electricity. The power will be sold to Manila Electric, the country’s largest distributor, over two decades.
PLN To Present 1.3 MW Hybrid Solar Power Plant In Indonesia To Increase Renewable Energy Mix
To increase the mix of New and Renewable Energy (EBT), PLN will present a 1.3 Mega Watt Peak (MWp) Hybrid Solar Power Plant (PLTS) in Parak Village, Bontomanai District, Selayar Regency, South Sulawesi . Strived to operate in December 2021, this PLTS has an investment value of IDR 39 billion. Until now, the electricity system in Southern Sulawesi has also been supplied by generators originating from EBT, namely the Poso Hydroelectric Power Plant (PLTA) with a capacity of 315 MW, PLTA Bakaru with a capacity of 126 MW, Sidrap Power Plant (PLTB) with a capacity of 60 MW, PLTB. Tolo with a capacity of 70 MW. The new and renewable energy mix in South Sulawesi’s electricity system is 29.8 percent with a total capacity of 861.42 MW. In the near future, PLTA Malea is also targeted to operate so that it will again add to the EBT mix in the South Sulawesi electricity system.
Hong Lai Huat Group Ltd Teams Up With CMEC For 200-MW Solar Project In Cambodia
Real estate developer Hong Lai Huat Group Ltd and China Machinery Engineering Corp ( CMEC) have teamed up to construct a 200-MW solar project at the Aoral Eco-City in Cambodia. A non-binding Memorandum of Understanding (MoU) has been signed by both the companies to create a special purpose vehicle (SPV) and collaborate for at least 20 years, with a 20-year renewal option. This project will lead to the construction of Cambodia’s largest solar power plant. As far as CMEC’s responsibilities are considered, it will deliver one-stop, complete solar plant solutions for the project, including preliminary planning, engineering, procurement and construction (EPC), financing, operation and maintenance. Upon completion, the solar park will sell power to state-owned Electricite du Cambodge (EDC), while Hong Lai Huat will have first right to purchase electricity at the same rate as EDC.
Cleantech Solar Partners Logistics Giant for Solar Project in Thailand
Cleantech Solar, a leading provider of renewable energy to corporations in Asia, has commissioned a 1 MW solar PV rooftop project in Thailand for a global market leader in the logistics industry. The project has a long-term purchase agreement (PPA) where Cleantech Solar will provide full turnkey financing, designing, installing, maintenance and operation of the PV system across the period of the agreement. The 1 MW solar PV system consists of more than 2,700 solar modules built across four warehouses that will produce over 1,300 MWh of electricity, avoiding 760 tonnes of carbon dioxide emissions in the first year. This electricity generated could power up over 30% of the total energy requirements in the facilities, helping the logistics company reduce its on-site energy costs.
IEEFA: Vietnam’s PDP8 Delay Is An Opportunity To Unlock More Cost-effective Renewable Energy
Vietnam’s Power Development Master Plan for 2021-2030 with a vision to 2045 (PDP8), was expected to be signed off at the end of March during the last days of Prime Minister Nguyen Xuan Phuc’s administration, but it hit an unexpected delay. Rather than being a setback, however, this delay can be an opportunity for Vietnam’s policymakers to reset and improve market structures, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The approval process for finalizing PDP8 was extended through June, raising important questions about how policymakers will contend with the rapidly shifting energy sector landscape. The new report outlines the three key drivers of this process: a pivot from coal to gas, the growing importance of renewables, and a sea change in funding patterns. The report also outlines the opportunities that Vietnam has to use this delay to refine new strategies and improve market structures.