Week In ASEAN: Sembcorp Industries Inks Agreements on Renewable Energy With Vietnam; And More

Sembcorp Industries Inks Agreements on Renewable Energy and Sustainable Development With Vietnam

Sembcorp Industries (Sembcorp) is pleased to announce that it has inked several partnerships (refer to Appendix) to develop a range of energy and urban solutions that will support Vietnam’s energy transition and sustainable development. The areas of collaboration include Sustainable industrial park development; Sustainable and reliable power system; Renewable energy and technology; and Skills and capabilities building. The signed agreements were presented to His Excellency Mr. Nguyen Xuan Phuc, President of the Socialist Republic of Vietnam, and key members of his Cabinet earlier today, on the sidelines of the President’s state visit to Singapore.

AboitizPower Launches 94 MW Solar Project In Pangasinan

Aboitiz Power Corporation (AboitizPower) held a virtual groundbreaking ceremony for its 94-MW peak solar power project in Pangasinan, an undertaking seen to create a “brighter future” for the province. Pangasinan Governor Amado I. Espino III welcomed AboitizPower’s multi-billion-peso project, saying that this significant investment in sustainable power generation will help address the country’s need for more and cleaner energy sources to fuel the nation’s growth. AboitizPower, through a special-purpose vehicle wholly owned by subsidiary Aboitiz Renewables, Inc. (ARI), in December last year awarded to JGC Philippines, Inc. the Engineering, Procurement, and Construction (EPC) contract for the project, with a total investment of ₱4.5 billion.

Indonesia Government Office Choose GoodWe PV Inverter

According to the Indonesian governments’ strong ambition to targets the achievement of 3.6 GW of Rooftop PLTS by 2025, more multinationals seeking to run on 100% renewable energy, experts have observed an increased interest in Indonesian solar rooftop projects, especially for commercial and industrial businesses. In October 2021, the Indonesian government and PLN issued the RUPTL 2021-2030, which is also called “Green RUPTL”. Based on their estimation, the newly installed capacity for Indonesia solar market in 2022 will be at least 520MW from the rooftop solar sector (around 500MW from C&I rooftop solar and around 20MW from residential, government facilities, etc.).

Norfund Partners With Norsk Solar For RE In Vietnam

Norfund, the Norwegian Investment Fund for Developing Countries is joining Norsk Solar AS and Nordic Impact Cooperation AS as investors in the 11 MW solar plant portfolio recently constructed by Norsk Solar in Vietnam. NIC is a joint venture between Norsk Solar and Finnfund, a development financier and impact investor majority-owned by the Finnish state. The investment establishes a new partnership between Norfund, Norsk Solar, and Finnfund and gives Norfund a 35 percent ownership stake in one of the largest single-client rooftop solar PV systems in Vietnam. The 11 MW project was built on-site at shopping centres owned by Central Retail, one of southeast Asia’s largest retail conglomerates. A long-term Power Purchase Agreement (“PPA”) has been signed with Norsk Solar.  

TotalEnergies To Deliver 2.7 MWp Solar Rooftop For TOA In Thailand

TOA Paint, a market leader in paint manufacturing in Samut Prakan, Thailand, has signed a binding, long-term agreement with TotalEnergies to provide a 2.7MWp solar PV (photovoltaic) rooftop and power 27% of the needs of TOA’s group factories with green power. TOA Paint has been a leader in the paint, coating, and total solutions in the construction industry in both Thailand and ASEAN Economic Community for more than half a century. With a strong commitment to conducting business responsibly, TOA needed a clean energy solution to drive their sustainability targets and chose TotalEnergies, known for their technical expertise in deploying renewable energy solutions around the world even for highly complex industrial sites.