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Week In ASEAN: MHI Signs MoU with Indonesia’s ITB for Research on Clean Energy Solutions; SPNEC To Supply Solar Power To AEC For 10 Years; And More

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MHI Signs MoU with Indonesia’s ITB for Research on Clean Energy Solutions

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Mitsubishi Heavy Industries, Ltd. (MHI) has concluded a memorandum of understanding (MOU) with Indonesia’s Institut Teknologi Bandung (ITB) to conduct joint research on clean energy solutions that will enable decarbonization in Indonesia. Activities will include feasibility studies, investigations, validations, and R&D for technologies that will power the country’s energy transition. The MOU will be in effect for five years, with the research results building the foundation for discussions to establish a joint R&D center in Indonesia. The online signing ceremony took place on February 7, 2022, and was attended by the Ambassador of Indonesia to Japan, H.E. Heri Akhmadi; the Ambassador of Japan to Indonesia, H.E. Kenji Kanasugi; ITB Rector, Ms. Reini Wirahadikusumah; and MHI’s Head of Energy Transition and Power Headquarters, Ken Kawai.

SPNEC To Supply Solar Power To AEC For 10 Years

Solar Philippines Nueva Ecija Corporation (SPNEC) seals a deal with Angeles Electric Corporation (AEC) for 10 years. AEC will buy solar power of 97.8 MWh from 6 AM to 6 PM capacity per day from the 500 MW Nueva Ecija solar park of SPNEC. SPNEC is developing a 500MWp solar power plant in Barangay Las Piñas, Sinasajan, and Peñaranda, Nueva Ecija. The location has good levels of irradiance and adequate available land, making it conducive to solar power generation. Nueva Ecija can sell the remaining of its energy to off-takers and spot markets. SPNEC competed with four other bidders and secured the deal through a competitive selection process (CSP).

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ACEN Wins Best Green Bond at The Asset Country Awards 2021

ACEN, the listed energy platform of the Ayala Group, was recently recognized by The Asset, Asia’s leading financial publication for issuers and investors, with the award for “Best Green Bond” for its US$ 400 million fixed-for-life green bonds. ACEN’s aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5,000 MW of renewables capacity by 2025. 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. In October 2021, ACEN announced its commitment to achieve net-zero greenhouse gas emissions by 2050.

ASEAN-India High-Level Conference on Renewable Energy Commences

The ASEAN-India High-Level Conference on Renewable Energy, being organized by the Ministry of New and Renewable Energy and the Ministry of External Affairs of Government of India on 7-8 February 2022. The High-Level Conference will focus on the theme: “Experience and Innovations for Integrated Renewables Market”. Secretary, MNRE welcomed the high-level dignitaries from ASEAN member countries to the inaugural Ministerial session and set the context for the conference. H.E. Mr. Tun Lean, Secretary of State, Ministry of Mines and Energy of Cambodia, the current chair of ASEAN, and H.E. Shri Bhagwanth Khuba, Minister of State for New and Renewable Energy and Fertilizers, Government of India delivered special addresses in which they talked about renewable energy plans and achievements of ASEAN and India and stressed on the need for carrying forward India-ASEAN cooperation in the field of renewable energy to facilitate energy transitions to fight climate change.

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ADB To Support Renewable Energy Development In Uzbekistan

The Asian Development Bank (ADB) will continue supporting private sector-led development in Uzbekistan, including renewable energy, as the country pursues a new development strategy, ADB President Masatsugu Asakawa said in a virtual meeting with Deputy Prime Minister and Minister of Investments and Foreign Trade Sardor Umurzakov. The Asian Development Bank is a regional development which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The company also maintains 31 field offices around the world to promote social and economic development in Asia.

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