Week In ASEAN: FIMER Delivers Significant Carbon Savings for International Clothing Supplier; And More

FIMER Delivers Significant Carbon Savings for International Clothing Supplier

Amidst the global push for sustainability in the fashion industry, FIMER has successfully equipped two rooftop photovoltaic (PV) systems of a factory dedicated to manufacturing clothing for acclaimed international fashion brands, with its solar inverter technology. As of August 2021, testing and commissioning have been completed and the factory, located in the Hai Duong province of Vietnam, is now fully powered on solar. According to the World Bank, the fashion industry is responsible for 10 percent of annual global carbon emissions, consuming more energy than aviation and maritime shipping combined. In recent years, there has been heightened awareness about the detrimental effects of fast fashion on the environment, with consumers turning their backs on brands that generate excessive wastage and pollution. This has driven brands to re-think their production processes and scale up efforts to reduce waste and produce sustainably. 

Sun Cable Raises AUD210 Million For Australia-Singapore Solar Project

Sun Cable has completed an AUD210 million Series B capital raise with their existing shareholders to fund the development work of the Company’s marquee project, the Australia-Asia PowerLink (AAPowerLink), as well as accelerate the progress of the Company’s portfolio of multi gigawatt generation and transmission projects. Led by Grok Ventures and Squadron Energy (a wholly-owned subsidiary of Tattarang), the capital raise will support Sun Cable’s development of the world’s largest intercontinental renewable power system, connecting Australia to Singapore, and its mission, to supply renewable electricity from resource-abundant regions to growing load centres, at scale. Enabled by a team of over 80 experts, Sun Cable has developed unique intellectual property to facilitate the optimal design of complex dispatchable renewable electricity generation and transmission projects.

Samaiden Group With Chudenko Corporation To Explore Renewable Energy

Samaiden Group Bhd (SHB) signs an agreement with Chudenko Corporation for exploring opportunities in renewable energy in Malaysia, Japan, and overseas. It would include projects like rooftop solar in Japan and introducing technology in operations and maintenance of renewable energy with other technologies. Chudenko Corporation is one of the leading engineering companies in Japan and it also holds a 15.15% equity stake in SHB. Samaiden is an award winner of the ASEAN Energy Award 2017 is a Renewable Energy provider incorporated in 2013, principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants.

Banpu Power To Expand Power Generation Capacity To 5,300 MWe By 2025

Banpu Power Public Company Limited (BPP), a power generating company for a sustainable world with a balanced portfolio of thermal power and renewable power businesses across the Asia-Pacific region, reported its operating results for the year 2021, achieving THB 6,784 million in revenue, a 23% increase compared to the previous year, with THB 3,487 million in Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and net profit of THB 3,127 million. Last year, BPP achieved efficient business operation, continuous growth and stable reliability in power generation and distribution at all its power plants. HPC power plant in Lao PDR and BLCP power plant in Thailand had Equivalent Availability Factor (EAF) of 85% and 91%, respectively.