Reading Time: 3 minutes
Arctech To Supply 144 MW Fixed Tilt Structure for Largest Solar Farm of The Philippines
Arctech, the world’s leading tracking, racking, and BIPV solutions provider, announced its new deal with POWERCHINA Huadong Engineering Corporation. The company will provide 144 MW FIXED-TILT STRUCTURE for the San Marcelino solar farm, so far the
largest solar farm in the Philippines with an installed capacity of 283 MW. Location is San Marcelino, province of Zambales on the island of Luzon, the San Marcelino solar farm will cover 300 ha (741 acres). Once up and running, it will produce over 421 GWh of electricity per year and thus offset close to 290,000 tons of carbon dioxide (CO2) emissions. Commercial operations are due to be launched by the first half of 2023.
Torrent Power Acquires 50 MW Solar Power Plant from SkyPower Group
Torrent Power Limited entered into a Share purchase Agreement (SPA), with SkyPower Southeast Asia III Investments Limited, and SkyPower Southeast Asia Holdings 2 Limited (the Sellers), for the acquisition of 100% securities of Sunshakti Solar Power Projects Private Limited. The SPV is responsible for the operation of 50 MW Solar Power Projects in Telangana. The long-term Power Purchase Agreement (PPA) for the Project is with Northern Power Distribution Company of Telangana Limited (NPDCTL) for a period of 25 years at a fixed tariff of approx. ₹ 5.35 per kWh, with remaining useful life of approx. 20 years. Enterprise Value for this acquisition is approx. ₹ 417 Cr, subject to Closing Price Adjustments, if any. The acquisition is further subject to customary conditions for transaction closure.
dnata Installs 3.5 MW Rooftop Solar System At Changi Airport, Singapore
dnata, a leading global air and travel services provider, continues to invest in infrastructure and equipment to further improve resource efficiency globally. The company has installed a 3.5 megawatt-peak rooftop solar power system across its operations, including its cargo and catering facilities, at Changi Airport (SIN). The rooftop power plant comprises of over 6,500 individual solar panels and will generate more than 4,300 megawatt-hours of green power a year, enabling dnata to reduce its electricity-related carbon emissions by 20% annually in Singapore.
Shizen Energy to sign MOU on One of the Largest Floating Solar Facilities in South East Asia
Shizen Energy Inc. (Shizen Energy) has announced that Shizen Energy and the Nusa Baiduri Consortium in Malaysia has agreed to implement a feasibility study through its fully owned subsidiary Shizen Malaysia Sdn Bhd. (Shizen Malaysia) for the development of a floating solar facility with a capacity of 150 MW which will be signed through an MOU at the Asia Green Growth Partnership Ministerial Meeting (AGGPM) Public-Private Forum. This project is positioned as one of South East Asia’s largest floating facilities and in aligning with the Asia Energy Transition Initiative (AETI) promoted by the Japanese government.
Union Power Named As Partner for Anantara Energys US$5 Billion Plan to Export RE from Indonesia to Singapore
Union Power Pte Ltd, Singapore’s national electricity retailer, has been named distribution partner for the proposed US$5 Billion project promoted by Anantara Energy Holdings Pte Ltd. (Anantara). The project will generate renewable energy in Indonesia and then export up to 4TWh to the city-state. Anantara’s project will generate up to 3.5GW of solar photovoltaic energy from a site of 4,000 hectares in the Riau Islands. A battery that can store up to 12GWh, one of the biggest in the world, will be connected to Singapore by an undersea cable.