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Week In ASEAN: Coro Energy To Build Rooftop Solar Project In Vietnam; TNB & S P Setia Sign MoU On Green Energy Initiatives In Malaysia; And More

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Coro Energy To Build Rooftop Solar Project In Vietnam

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Coro Energy Plc, the South East Asian energy company supporting the regional transition to a low carbon economy, is pleased to announce the entry into a 25 year Power Purchase Agreement (“PPA”) for its rooftop solar project in Vietnam. The PPA has been entered into by Coro Renewables Vietnam (85% owned by Coro and 15% owned by Coro’s local partner Vinh Phuc Energy JSC) and will see Phong Phu, a listed Vietnamese high volume manufacturer of textiles, purchase 3MW of electricity annually from the previously announced 5MW project for the 150MW rooftop solar project previously announced.

TNB & S P Setia Sign MoU On Green Energy Initiatives In Malaysia

Tenaga Nasional Berhad (TNB) has entered into a strategic partnership with S P Setia Berhad (S P Setia) to provide smart energy and renewable energy (RE) solutions as the future main source of electricity to potential buyers of residential and commercial buildings developed by the property developer. A Memorandum of Understanding (MoU) was signed to enable the installation of a rooftop solar PV system as well as ensuring the properties are future-ready to support the installation of battery solutions in S P Setia’s upcoming residential and commercial development projects. 

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Trina Solar Showcasing Its 210mm Ultra-High Power Vertex Modules At South Korea’s International Green Energy Expo & Conference

Trina Solar is participating in South Korea’s International Green Energy Expo & Conference in Daegu, which opened today, where it unveiled its newest, most advanced PV products. The company is displaying its Vertex series of modules including the 410W+ Vertex S module and 550W, 600W and 670W Vertex bifacial modules based on 210 technology. In addition, Trina Solar is showcasing the next generation of N-type Vertex modules. The Vertex N (model number NEG21C.20) has a maximum power output of 685W. 

ACEN Pioneers Energy Transition Financing To Enable More Renewables In Philippines

ACEN, the Ayala group’s listed energy platform, successfully signed an Amended and Restated Omnibus Loan and Security Agreement for its wholly-owned subsidiary, South Luzon Thermal Energy Corporation (SLTEC) with Bank of Philippine Islands and Rizal Commercial Banking Corporation as lenders. The loan facility of up to ₱13.7 billion is intended to (a) refinance SLTEC’s outstanding ₱9.8 billion loan facility (b) fund the partial redemption of capital in SLTEC held by ACEN, subject to regulatory approvals; and (c) finance other transaction-related expenses. ACEN, in turn, shall use the proceeds of the equity redemption to reinvest in renewable energy projects.

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PT Indika Energy With Sampoerna Kayoe Group To Build 12 MWp Solar PV Plant In Indonesia

An energy company with a diversified business portfolio, PT Indika Energy Tbk, through its subsidiary PT Empat Mitra Indika Tenaga Surya (EMITS), signed an agreement with PT Mangole Timber Producer which is part of the Sampoerna Kayoe Group to build a ground-mounted PLTS with a capacity of 12 MWp and a 3 MWh battery system in the operational area Sampoerna Kayoe Group located in Mangole, North Maluku, with a contract period of 20 years. The PLTS is expected to start operating in June 2023. The signing of the agreement was carried out in Jakarta, witnessed by Arsjad Rasjid, President Director of Indika Energy and Michael Sampoerna, President Commissioner of PT Sumber Graha Sejahtera, the parent company of PT Mangole Timber Producer.

PARKROYAL COLLECTION Marina Bay, Singapore Installs 210 Solar Panels

PARKROYAL COLLECTION Marina Bay, Singapore, owned by Pan Pacific Hotels Group, has installed 210 solar panels, which generate more than 350kwh of electricity daily, sufficient to power 540 typical households in Singapore in a day. The hotel also established its position as Singapore’s first ‘Garden-in-a-Hotel’ with over 2,400 plants and trees spread across 15,000 square feet of space in the hotel. The overall energy consumption is now reduced by 1.4%. With an expected lifespan of 25 years, the solar panels are projected to save SGD450,000, which can help fund other sustainability projects.

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