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SMC To Begin The Operation Of 690 MW Battery Facility
San Miguel Corporation (SMC) is ready to begin the operation of a 690 MW battery storage facility. SMC anticipates completing 31 energy storage systems in 2022 with a total of 1 GW capacity. San Miguel Corporation (SMC) is one of the Philippines’ largest and most diversified conglomerates, with revenues equivalent to about 4% of the country’s GDP in 2020. SMC today has highly integrated operations with ownership in market-leading businesses and investments in various sectors, such as beverages, food, packaging, energy, fuel and oil, infrastructure, property development, etc.
Urban Renewables Completes 10 MW Rooftop Solar Portfolio
Urban Renewables has now created a total portfolio of 10 MW rooftop solar in Singapore within 9 months of signing its very first project in March 2021. The project was signed with NS BlueScope Lysaght, a wall cladding and steel roofing company. Urban Renewables was established in June 2020, with the aim to develop and invest in sustainable energy solutions for the betterment of urbanization, as well as, to provide opportunities for communities to participate and invest in the energy transition of their own cities.
Commercial Operation of Rantau Dedap Geothermal Project Commences in Indonesia
Marubeni Corporation (Marubeni) is pleased to announce that PT. Supreme Energy Rantau Dedap (SERD), which is owned by Marubeni, ENGIE S.A., PT. Supreme Energy, and Tohoku Electric Power Co., Inc., commenced commercial operation of the Rantau Dedap Geothermal Independent Power Project, located in the Republic of Indonesia. SERD has constructed a 98.4MW power plant in the South Sumatra Province of Indonesia, and all the generated power from the plant will be dispatched to PT. PLN (Persero) under a 30-year power purchase agreement.
Indonesia To Invest On RE Projects To Meet Carbon Neutrality By 2060
As per the estimates of the Indonesian government, to develop new renewable energy power plants an investment of $1,043 billion would be required in order to achieve the target of carbon neutrality by 2060. The new investment would produce 707.7 GW capacity of electricity. Currently, Southeast Asian countries rely on coal for generating power. Dadan Kusdiana, Director-General of New Renewable Energy (NRE) at the Energy and Mineral Resources (ESDM) Ministry said that most of the investment would be spent on developing new renewable energy projects.
ACEN To Invest $274 Billion For RE Projects In Philippines
AC Energy (ACEN) will invest $274 million or 14 billion pesos to fund wind and solar projects in the Philippines. ACEN is the listed energy platform of the Ayala Group. The company has over 3,000 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia. The company’s renewable share of capacity is at 80%, among the highest in the region. The company plans to invest 7 billion pesos into Bayog Wind Power Corp. and Santa Cruz Solar Energy Inc. each for financing renewable energy projects of both companies. Santa Cruz Solar is building a 283 MW solar farm in Zambales (255 km from Manila). This will be the largest solar farm in the Philippines and can each have a 700 MW capacity.