Week In ASEAN: ADB Approves $600 Million Loan; Global Solar Data Demand Reaches New High in 2021 – Solargis; And More


ADB Approves $600 Million Loan To Promote Clean Energy


The Asian Development Bank (ADB) has approved a $600 million results-based loan to help state-owned power company Perusahaan Listrik Negara (PLN) improve the reliability and resiliency of electricity services in the western and central regions of Java island and promote the use of clean energy. The Sustainable and Reliable Energy Access Program will rehabilitate, strengthen, and expand PLN’s power grid and promote clean energy use. It will improve PLN’s waste and asset management, procurement, and community education.

Global Solar Data Demand Reaches New High in 2021 – Solargis


Adoption of high-quality solar resource data for prospecting, evaluation, monitoring, and forecasting has increased substantially in 2021 as the global solar PV market has developed. However, there is still a significant amount of untapped value in this data as the industry enters the next phase of its growth in 2022. This is evidenced by demand witnessed over the past 12 months by the market’s leading solar and meteorological data and software provider, Solargis, whose data has informed the development of over 200GW solar assets worldwide and is now used for monitoring and forecasting of more than 45GW of projects.

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Keppel Corporation-Led Consortium To Acquire Majority Stake In Cleantech Solar

Cleantech Solar, a leading provider of renewable energy solutions to corporations in India and Southeast Asia, announced today that a consortium of Keppel Corporation Limited, Keppel Asia Infrastructure Fund LP, and a co-investor of KAIF, through Cloud Alpha Pte Ltd, is acquiring a 51% equity interest in Cleantech Renewable Assets Pte. Ltd. from Cleantech Energy Corporation Pte. Ltd. The remaining 49% of the equity interest in Cleantech is held by its existing shareholder, Shell Eastern Petroleum (Pte) Ltd., which will continue to support its future growth in the region.

Aisin Group and Constant Energy To Expand Current Solar Rooftop Operations to 3.7MW

Constant Energy and Shizen Energy Inc. (“Shizen Energy”) executed a long-term Solar Power Purchase Agreement with Aisin Thai Automotive Casting Co., Ltd, (“ATAC”) to expand its existing 1MW solar rooftop to a total of 3.7MW. ATAC is a joint venture between AISIN CORPORATION (Japan) and Toyota Tsusho (Thailand) Co., Ltd. This solar rooftop project is located in Kabinburi’s Industrial Zone, in Prachinburi province. Since the contract signing one year ago, the first 1MW plant has provided clean, cost-competitive renewable energy and enabled ATAC to both reduce their average electricity cost and lower their carbon emissions and carbon footprint. This new expansion will build on this success and multiply its benefits.

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