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Week In ASEAN: EDP Renewables To Invest $10 Billion In Clean Energy By 2030 In Singapore; And More


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EDP Renewables To Invest $10 Billion In Clean Energy By 2030 In Singapore


EDP Renewables (Euronext: EDPR), the world’s fourth-largest renewable energy producer, has stated it plans to invest S$10 billion by 2030, creating an industry-leading clean energy hub for the APAC region out of Singapore. These investments are in line with the company’s strategy for the Asia Pacific region in general, it being the world’s fastest-growing renewables market accounting for 55% of global capacity additions this decade, with solar representing 65% of the growth. Additionally, the company also closed its S$1.1 billion deal with Sunseap, has announced that all pending regulatory conditions have been met for the agreement reached in November to acquire a 91% stake in Sunseap, the largest distributed solar power operator and the fourth-largest solar power operator in Southeast Asia.

ACEN Powers Up Philippines’ First Hybrid Solar And Storage Project

ACEN, the listed energy platform of the Ayala Group, has switched on the Philippines’ first hybrid solar and energy storage project. The pilot 40 MW energy storage project located in Alaminos, Laguna will allow the company to evaluate opportunities to store energy more effectively across ACEN’s portfolio, with the aim to provide a sustainable and reliable energy source for the country. The 2×20 MW energy storage facility is adjacent to ACEN’s 120 MW Alaminos solar farm and is configured to help manage internal electricity demands, store electricity when the solar plant is generating power but demand is low, and provide rapid power charging when the demand is high. It will also provide ancillary services to the national grid.

Plus Xnergy Deploys Largest Single Solar Site in Penang Signs Power Purchase Agreement (PPA) with Keysight Technologies

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In line with our country’s goal to reach carbon neutrality by 2050, leading clean energy solutionist Plus Xnergy Asset (“PXA”), a wholly-owned subsidiary of Plus Xnergy Holding (“Plus Xnergy”) has signed a corporate power purchase agreement (PPA) with Keysight Technologies. The Power Purchase Agreement (PPA) is a contract between Keysight, the energy buyer, and Plus Xnergy Asset, the energy seller. Through this PPA solution, Plus Xnergy finances the solar photovoltaic (PV) system installed at Keysight’s Bayan Lepas facility, enabling Keysight to purchase electricity at lower-than-grid rates for the next 20 years. After the 20-year tenure, the system is then transferred to Keysight’s ownership where they continue to reap its benefits.  

Shizen Energy And Constant Energy Signs PPA For 1,169 kWp Solar Rooftop Operation In Thailand

Shizen Energy Inc. (Shizen Energy) and Constant Energy concluded a long-term Power Purchase Agreement for a 1,169 kWp solar rooftop operation with Panasonic Energy (Thailand). Shizen Energy and Constant Energy have financed this operation with a THB 1.5 billion (approx. US$50 million) project finance agreement with Thailand’s local bank, TMB Thanachart Bank PCL. This is one of the largest project finance agreements for a C&I (Commercial & Industrial) project in Thailand.     

BCPG To Increase RE Capacity To 2 GWs By 2026

BCPG to increase the renewables power generation capacity to 2 GWs within 2026 to achieve the target of carbon neutrality by 2030. The company raised its capital spending of five-year from 65 billion baht to 95 billion baht (an increase of 46%). BCPG was created as part of the renewable power business group when the Bangchak Corporation Public Company Limited and its subsidiaries were restructured. BCPG is a vital part of the implementation of the Bangchak Corporation Plc. group of companies’ renewable power business. BCPG focuses on the development of renewable energy not just in Thailand but also in Laos and Tawan. Laos claims to be the “battery of Asia” whereas Taiwan wishes to use clean energy for its economy.

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Sarawak To Become A Powerhouse Of SouthEast Asia

Sarawak Energy plans to attain sustainable growth by becoming a powerhouse of southeast Asia by providing affordable, renewable, and reliable energy through its renewable sector. Sarawak Energy Berhad is an energy development company and a vertically integrated power utility with a vision to achieve sustainable growth and prosperity for Sarawak by meeting the region’s need for reliable and renewable energy—providing electricity to 3 million Sarawakians in urban and rural areas. Chief Minister Tan Sri Abang Johari Openg during an event of the Sarawak Energy Berhad (SEB) Centenary Townhall said that he is confident of Sarawak achieving the targets because of its abundant natural resources and renewable hydropower.

Arctech Share Insights on Solar Tracker Development in Malaysia in PV Mounting Tech South East Asia conference

On Feb 24th, Arctech, the world’s leading tracking, racking, and BIPV solutions provider joined the virtual conference named “PV Mounting Tech: South East Asia” organized by Solar Quarter. In the Conference, Bella Zhou, SEA Regional Manager, APAC at  Arctech shed light on the advantages of the solar tracker as an innovative solution for the energy yield and how to choose trackers based on the different terrains. Malaysia is worthy the attention. The country has targeted 20% renewable energy by 2025, of which the majority is expected to be solar power. The country is also providing contracts for 500 megawatts (MW) worth of projects in the 10–30 MW range and contracts for 500 MW worth of projects in the 30–50 MW range. Malaysia has also announced approximately US$ 2.9 billion in new grid investments, LED street lights, and rooftop solar panels. As is seen across much of Europe, Malaysia has adopted a cadenced auction and supports distributed solar through net-metering.

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Huawei Malaysia Partners with KVC Industrial, JJ-LAPP to Advance Renewable Energy Transition

Huawei Technologies (Malaysia) Sdn Bhd has recently entered into partnerships with KVC Industrial Supplies Sdn Bhd and JJ-LAPP (M) Sdn Bhd in a bid to meet the country’s energy demands and to accelerate its progress towards carbon neutrality by 2050 through solar manufacturing and the deployment of Photovoltaic (PV) technology. These partnerships with KVC Industrial Supplies and JJ-LAPP Malaysia will see both partners taking on the sales, distribution, and service support of Huawei’s complete range of solar inverters across the country. Both parties have currently secured the role of being the main distributors of Huawei Smart PV inverters in Malaysia.

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