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Week In ASEAN: BCPG Forges Ahead with 469 MW Solar Farm In Taiwan; And More

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BCPG Forges Ahead with 469 MW Solar Farm in Taiwan

BCPG, Thailand based RE developer disclosed that the Company’s Board of Directors, approved the budget of NTD 5,080 million (THB 6,096 million) for the development of solar power projects in Taiwan with an installed capacity of 357 MW, resulting in the Company’s total development pipeline in Taiwan of 469 MW. The development of solar power projects in Taiwan is also in line with BCPG’s business strategy in expanding green power projects in Asia-Pacific. Combined with the Company’s solar power projects in Japan, both in operation and under development, with a total capacity of 117 MW, the Company would aggregate a full capacity of 586 MW in East Asia, which is equivalent to the investment of THB 45,000 million”, said Niwat.

KPower To Build 50 MWac PV Plant In Malaysia

KPower Engineering Sdn Bhd secures a RM 104.97 million contract for a solar power plant from Fabulous Sunview Sdn Bhd. The company will build, procure, and maintain the 50 MWac photovoltaic plant in Malaysia. KPower Engineering Sdn. Bhd is a subsidiary of KPower Berhad is committed to delivering the highest quality of workmanship and sustainable Solar PV solutions for your home and businesses. The project will be commenced after the issuance of notice from Fabulous Sunview to KPower Engineering. Fabulous Sunview will prepare engineering designs and KPower will develop the plant. The construction will be completed by Feb 28, 2023.

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Philippines To Deploy 2 GW Renewable Power

The Philippines will deploy a total of 2 GW of renewable power in the country. This includes 1260 MW of solar PV with 900 MW in Luzon, 260 MW in the Visayas, and 100 MW in Mindanao of solar photovoltaic capacity. Within the above-mentioned locations, solar photovoltaic is dominant and majorly available. Wind power of 380 MW, the biomass of 230 MW, and hydropower of 130 MW capacity. The Philippines has a total installed power capacity of 20 GW out of which 14.3 GW is in the Luzon area. The Luzon also has the three largest grids in the country. The Philippines aims to have 35% of renewable energy share by 2030 and increase that to 50% by 2040. The country also plans to launch the Green Energy Tariff Program auction.

ACEN With Super Energy To Develop RE Across ASEAN

AC Energy Corporation (“ACEN”), through its wholly-owned subsidiary, AC Energy Vietnam Investments Pte. Ltd. (“ACEV”) and Super Energy Corporation Public Company Limited (“SUPER”), through its subsidiary, Super Energy Group (Hong Kong) Co., Limited (“Super HK”), have signed an agreement to form a strategic partnership to develop, own and operate renewable energy projects across ASEAN. ACEV signed a share purchase agreement (with conditions precedent) to acquire a 49% interest of Solar NT, owned by Super HK. SUPER is a premier Thai renewable energy developer and investor. The transaction will be via secondary shares acquisition for a total consideration of US$ 165 million.

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Proparco To Invest $25 Million In GreenYellow For RE Production

Through a $25 million investment, Proparco will contribute to the development of small-scale, decentralized solar plants for commercial and industrial clients in Thailand, Cambodia, and Vietnam. Created in 2007, GreenYellow is a French energy transition player, specializing in decentralized solar photovoltaic production, energy efficiency, and energy services. It currently operates in 16 countries across Asia, Africa, Europe, and South America. GreenYellow operates dedicated solar plants and sells solar power to its clients. This helps them reduce their dependency on gas and coal-based electricity while offering them strong savings in energy costs.

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