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Week In ASEAN: BPP Reveals 545-MW Capacity Growth From 10 Power Plants In 1 Year; CKPower To Double In Size In Three Years; And More

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BPP Reveals 545-MW Capacity Growth From 10 Power Plants In 1 Year

Banpu Power Public Company Limited (BPP), a leading power generating company with a balanced portfolio from both thermal power and renewable power businesses across the Asia-Pacific region, revealed the progress of ongoing investments and commercial operation achievement of power plants, from 2021 until the present, with the increasing quality megawatts in strategic countries within Banpu Ecosystem to a total of 545 MW on an equity basis. In addition, BPP had recently undergone an assessment on sustainability performance conducted by S&P Global and achieved a very high rating while also being included in the Sustainability Yearbook 2022, all of which reflect its commitment to conduct the business following ESG principles.

CKPower To Double In Size In Three Years

CK Power Public Company Limited or CKPower, one of the region’s largest producers of renewables-based electricity, announced that it plans to more than double in size in the next three years, supported by the global shift to renewables-based electricity, and add around 2,800 megawatts of electricity-generating capacity. Thailand has set a goal to double the share of imported electricity generated by renewable water sources from 9% to 18% in only ten years, as well as have 30% of all new cars be electric within 2030. By the end of the next decade, the transport sector is forecast to become the largest consumer of energy in ASEAN, even ahead of the industrial sector.

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SIG Completes Pilot Project To Install 10 kW Solar Panels in Many Plants in Indonesia

State-owned cement company PT Semen Indonesia (SIG) is supporting the government’s efforts to achieve zero net carbon emissions by 2060 through the use of new renewable energy (EBT) Stated. In addition, she said, the company is stepping up its use of renewable energy by installing solar panels. SIG’s commitment to the 2060 carbon-neutral program was highlighted by the signing of an MoU in cooperation with the Indonesian flag-owned vessel PT Biro Klasifikasi Indonesia’s State Classification Authority, she added. The memorandum was signed by Donny Arsal, president of SIG, and Rudiyanto, president of BKI, and was witnessed by Pahala Nugraha Mansury, the first deputy minister of state-owned enterprises, Mahreyni said.

SunSource Energy Secures Project Financing from SunFunder to Expand its Solar Portfolio in Southeast Asia

SunSource Energy, a leading provider of solar-based energy solutions to commercial & industrial (C&I) customers, has entered into a Project Financing agreement with SunFunder – an international solar finance company. This investment will enable the company to expand its presence in Southeast Asia. While SunSource Energy is headquartered in India, the investment will be used to provide project financing for an industrial solar installation in Thailand and is the beginning of a broader partnership as the company expands its footprint in other Asian countries.

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URC To Install Solar Power Plant In Philippines

Universal Robina Corp. (URC) signs an agreement with MPower/Vantage, Bacman, and First Gen for supplying power in 18 facilities in Luzon and 2 in the Visayas through solar, hydro, and geothermal energy. This also includes factory units in Antipolo, Bulacan, Cavite, Pasig, Laguna, Cebu, and Negros Occidental. This comes after the country’s push towards net-zero commitments and using renewable energy sources for its energy needs. The goal is to have all our plants utilize electricity from 100 percent renewable energy by 2025. It means balancing greenhouse gases that the company emits and removing them. The Philippines is working on reducing carbon footprints to 75% by 2030. URC in the Philippines has been installing solar panels at its manufacturing facilities. It has up to 1 megawatt installed at its plant in Canlubang, Laguna, and some 21 kilowatts at its Vitasoy facility in San Fernando, Pampanga.

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