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Reservoir Link Bags Two Rooftop Solar Contracts Totalling 9.7 Megawatts In Malaysia
Reservoir Link Energy Bhd, an energy-related services provider, announced that its subsidiary RL Sunseap Energy Sdn Bhd, with collaboration between Reservoir Link and Sunseap Energy (Malaysia) Sdn Bhd, has just secured a letter of award from Osram Opto Semiconductors (Malaysia) Sdn Bhd to develop solar rooftops as well as Building Integrated Photovoltaics power generation facilities on rooftops, existing covered carparks and BIPV carparks located in Kulim, Kedah with a combined installed capacity of 7,708.6 kWp and export capacity of 6,285 kWac. This solar agreement is expected to have a tenure of 25 years. RL Sunseap Energy has also been contracted to perform the operations and maintenance of the solar photovoltaic system through the contracted tenure.
U.S. Drops Tariffs on Southeast Asian Solar Panels for 2 years
Joe Biden, the United States President, is eliminating tariffs on solar panel imports from Vietnam, Cambodia, Malaysia, and Thailand. According to the White House, this was done “To ensure that the United States has enough modules to meet its electricity generation needs while domestic production ramps up.” The tariffs on solar panels imported from four Southeast Asian countries will be suspended for two years as part of efforts to address “the urgent problem of a changing climate.” However, China was not included in the agreement. In December, the Biden Admin used the Uighur Forced Labour Prevention Act to slow down China’s imports. It claimed that Uighurs and children were involved in Polysilicon manufacturing by many Chinese firms from Xinjiangang.
Prime Infra To Build The World’s Largest Solar Power Plus Storage Project With Terra Solar Philippines
Prime Infrastructure Holdings, Inc., the critical infrastructure arm of Enrique K. Razon, Jr., embarks to deliver the world’s largest solar power facility with a capacity of 2,500MW to 3,500MW combined with a 4,000MWh to 4,500MWh battery energy storage system boosting the supply of renewable energy in the country. The project will be undertaken by Terra Solar Philippines, a unit of Terra Renewables Holdings, Inc., which is a renewable power subsidiary under Prime Infra’s control and in partnership with Solar Philippines Power Project Holdings, Inc. From this power facility, Terra Solar will supply 850MW to offtaker Manila Electric Company.
Pimpinan Ehsan Berhad To Acquire 2 Solar Power Assets Of 90 MWp Capacity
Pimpinan Ehsan Berhad announced that it has entered into a second supplemental and restated share sale agreement with B.Grimm Power (Malaysia) Sdn Bhd, reNIKOLA Sdn Bhd, Boumhidi Adel and YAM Tengku Zaiton Ibni Sultan Abu Bakar, in relation to the proposed acquisition of reNIKOLA Holdings Sdn Bhd and its subsidiaries. PEB is currently classified as a Cash Company under the Main Market Listing Requirements but has charted its future direction to be a pure-play renewable energy company. It had on 24 May 2021 announced the proposed acquisition of 100%-stake in reNIKOLA Holdings Sdn. Bhd. for RM373.0 million. reNIKOLA Holdings owns solar power assets in Arau, Perlis; Gebeng, Pahang; Pekan, Pahang; and will develop a large-scale solar plant in Bukit Kayu Hitam, Kedah (pending issuance of license), all totalling 418 MWp on completion.
Vietnam Is Leading Energy Transition In South-East Asia
According to an article recently published, Vietnam is leading the South-East Asia transition to clean energy and is a shining spot on an otherwise grim map. The article stated that the percentage of solar electricity generated in Vietnam has increased from almost nothing to nearly 11% over the period of 4 years. This is a faster increase than any other country in the world and a larger share than countries like France or Japan. It stated that Vietnam was the tenth-largest producer of solar energy in the world last year. Prime Minister Pham Minh Chinh pledged last November to end the construction of new coal-fired power stations and reduce Vietnam’s carbon emissions to zero by 2050. According to the article, other South-East Asian nations can learn from Vietnam’s success in increasing their efficiency. Vietnam has quadrupled its solar and wind power capacity since 2019.
Gagasan Solar Signs MoU With Fabulous Sunview To Deploy RM200 Million For Its C&I Solar Asset Segment
Gagasan Solar signs MoU with Fabulous Sunview to deploy around RM200 million for its targeted commercial and industrial (C&I) solar asset segment. Joshep Lee, Founder and Managing Partner of Gagasan Solar said the solar industry currently is inclined toward multinational companies and small and medium enterprises do not receive much attention even after showing interest in adopting solar solutions. This partnership will strengthen product offerings and market access for both companies and also increase the availability of solar energy for small companies. Malaysia anticipates having its installed renewable energy capacity of 18,000 MWs by 2035. The country also plans to reduce its dependency on coal by 2033.
Affin Bank And Affin Islamic Bank Launches AFFIN Solar Financing-i To Purchase And Install Solar PV System In Malaysia
Affin Bank Berhad and Affin Islamic Bank Berhad launched AFFIN Solar Financing-i, a sustainable and personal financing plan for its retail customers to purchase and install Solar Photovoltaic System at residential and non-residential properties. SPV System are solar panels that capture the energy of sunlight which is converted into electricity. Tapping into this power source with its versatility and many benefits, AFFIN Solar Financing-i offers a simple and easy way for home and building owners to lower their monthly electricity bills, reduce their carbon footprint and see a fast return on their investment. AFFIN Solar Financing-i provides flexible financing tenure of up to ten (10) years with a maximum amount of RM150,000, with various payment mode options.