Week In ASEAN: TotalEnergies Signs MoU with Aden Group For Solar Energy Optimization; And More

TotalEnergies Signs MoU with Aden Group For Solar Energy Optimization

TotalEnergies, through its distributed renewable energy generation solutions in Asia, has signed a Memorandum of Understanding (MoU) with Aden Group, a leader in sustainable & data-driven management of buildings and business/industrial parks. This MoU is to explore several collaborative prospects in sharing and providing advanced solutions to reduce the carbon footprint of built assets through solar energy and data-driven energy optimization. Under the alliance, the partners will team up to explore the potential of TotalEnergies’ development of solar energy projects, as well as Aden Group’s exploration of new clients for digitalized asset lifecycle management in South-East Asia.

Cypark Resources Berhad Commissions 30 MW Capacity Solar Plant

Cypark Resources Berhad has commissioned the 30 MW solar park for Viva Solar Sdn Bhd in Mukim Sik, Kedah, Malaysia. The project was financed by Cypark Ref Sdn Bhd who also were turnkey professionals. The project has been commissioned before the set deadline and the company received commercial operation date (COD) status on January 1, 2022. Cypark Resources Berhad is a public listed company on the Main Board of Bursa Malaysia since 2009. The company has been Malaysia’s pioneering developer and provider in integrated renewable energy, green technology, environmental engineering solutions, and construction engineering.

Indonesia And Japan Collaborates For Clean Energy Transition

Indonesia and Japan to collaborate on hydrogen, carbon capture and storage (CCS), and ammonia. Both the countries will work together on decarbonization technology and for the clean energy transition. The memorandum of cooperation (MOC) was signed by the Energy Minister of Indonesia Arifin Tasrif and the Industry Minister of Japan Koichi Hagiuda in Jakarta. Both the countries will work for the deployment and development of technologies to contribute to realistic transitions of energy including ammonia, hydrogen as a CCS, carbon capture utilization and storage (CCUS), and fuel. Hydrogen is used in the oil refining process, whereas ammonia is used in industrial materials and fertilizers. Hydrogen and ammonia can replace higher carbon fuels as they have this potential.

ReNew Raises $400 Million by Issuing Green Bonds

ReNew Energy Global Plc (ReNew), India’s leading renewable energy company, today announced that India Clean Energy Holdings, a Mauritian entity, and a wholly-owned subsidiary of ReNew Energy Global Plc (the parent company of ReNew Power Private Limited), has raised US$400 million at 4.5% by issuing senior secured dollar notes. The dollar notes are certified green bonds by Climate Bond Initiative and will be listed on the Singapore Exchange (SGX). These Green Bonds have a tenor of 5.25 years. This is the first High Yield issuance out of the ASEAN and South Asian regions in 2022. These notes were subscribed to by investors from the US and Asia at about 40% each and the balance by EMEA-based investors. The bulk of notes were subscribed to by long-only fund managers and pension funds. So far the Company, through its subsidiaries, has raised in excess of US$3.5 billion across eight such issuances, of which seven are outstanding.

Marubeni Will Produce, Transport, And Utilize Green Hydrogen

Marubeni Corporation will start production of economical green hydrogen in South Australia (SA), transportation of hydrogen by metal hydride tanks to Indonesia, and utilization of hydrogen through fuel cells (PoC or Proof of Concept). The PoC has been adopted under the Japanese Ministry of the Environment’s “Financing Programme for Joint Crediting Mechanism Model Projects (“JCM”) in FY2021”. Financing programme for feasibility studies which promote the production of green hydrogen in a collaboration with third countries where renewable energy is abundant and then transport and utilize the hydrogen in island countries, etc. The purpose is to achieve Japan’s GHG emissions reduction targets through the JCM (bilateral credit system) by promoting the production and utilization of green hydrogen in anticipation of future ripple effects.

ASEAN Focuses On Clean Energy For Vision 2025

The Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (ASEAN’s BIMP-EAGA sub-region) is working on going green and is committed to developing clean and green energy technologies and sustainability for Vision 2025. Boosting eco-tourism, guiding small businesses for manufacturing green products, transitioning to a circular economy, and building green cities are all parts of becoming an eco-friendly region. Among the renewable energy sources, hydropower is most commonly used with solar, wind, natural gas, geothermal, and biomass.

Carbon Neutrality Commitments To Facilitate RE Growth In Thailand

Thailand will experience good growth in non-hydro renewable sources (biomass, solar, geothermal, wind) which is what the country aims at achieving. At COP26 Glasgow, the Prime Minister of Thailand Prayut Chan-o-cha pledged to achieve net-zero emissions by 2065. Bio-circular Green (BCG) economy model was introduced by the prime minister for sustainable economic development. BCG model focuses on biomass resources for generating power. With the Alternative Energy Development Plan 2018-37 (AEDP), Thailand will develop renewable resources in the power sector and has set an aim of 18.7 gigawatts of non-hydroelectric renewables by 2037. AEDP is also supported by Power Development Plan 2018-37 (PDP) that targets for 37% power mix by 2037 to come from non-fossil fuel energy sources.