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Week In ASEAN: KCN Vietnam And TotalEnergies To Install Solar Panel Rooftops Across Vietnam; ACEN Targets 20 GW Renewables By 2030; And More


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KCN Vietnam And TotalEnergies Form Partnership To Install Solar Panel Rooftops Across Vietnam

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KCN Vietnam and TotalEnergies have successfully signed a Memorandum of Understanding, MOU, for a strategic partnership for TotalEnergies to install rooftop solar panel systems across all of KCN Vietnam’s industrial properties nationwide. On 12th July 2022, KCN Vietnam and TotalEnergies’ strategic partnership negotiation reached a successful milestone in the form of an MOU. Both parties agreed that TotalEnergies would be the exclusive solar energy provider on KCN Vietnam’s rooftops. With current and pipeline projects, KCN Vietnam’s properties will provide approximately 610,000 sqm of roof space and 280,000 sqm of solar panels. TotalEnergies will operate and maintain the solar panel system for 20 years.

BGRIM Signs Agreement With EDL Gen To Meet Clean Energy Needs Of ASEAN

B.Grimm Power Plc (BGRIM), Thailand’s largest energy conglomerate, and EDL-Generation Public Company (EDL Gen) of Laos signed an agreement to cooperate on wide-ranging power-related ventures in order to meet ASEAN’s clean energy needs. President of BGRIM, Harald Link and chief executive of EDL-Gen, Duangsy Pharanhok, signed a memorandum to understanding, in order to explore together the possibility of developing hydropower, solar power, and wind power, in domestic and international markets. EDL-Gen, a Vientiane-based state power enterprise Electricite du Laos is listed on the local Stock Exchange. The total installed capacity of the firm is 1,949 megawatts, with 1,683MW from 27 power stations which are working.

The Ministry of Industry And Trade Of Vietnam Is Developing Bidding Mechanisms For Renewable Energy Projects

According to Chairman of the Energy Association Tran Viet Ngai, the authorities should soon have a bidding mechanism to choose the best investor, to avoid massive development like the past. At the workshop on mechanisms and solutions for sustainable energy development in Vietnam, Chairman of the Vietnam Energy Association (VEA) Tran Viet Ngai assessed that three factors affect the decision of an energy project, quality, capital, mechanisms, policies and direction from the central to local levels, investors, and contractors. With renewable energy (solar power, wind power), the FIT price policy with the purchase price of 8.38-9.35 cents per kWh, according to Mr Ngai, is attractive and has attracted a large number of investors in this field. this area. By the end of 2021, the capacity of solar and wind power will be nearly 21,000 MW, accounting for about 27% of the total installed capacity of the entire power system.

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Solar Philippines Receives Original Proponent Status For Supplying 200 MWs To Meralco

Solar Philippines has been granted the OPS (original proponent status) to its proposal to supply Meralco up to 200 megawatts of baseload capacity over 20 years. Solar Philippines will have to compete with other companies through the OPS. The company can match any comparable offer. Solar Philippines Batangas Baseload Corp., a subsidiary of Solar Philippines has proposed to supply Meralco with up to 200 MW from 1,800 MW solar and 1,800-megawatt hours, of battery storage. The company is currently developing in Nasugbu, Batangas, Balayan, and Tuy. According to Solar Philippines, the project will be the first gigawatt-scale global solar-battery baseload. According to the company, this project will operate 24 hours a day and replace the 200-MW coal-powered power plant, as opposed to solar-battery projects which operate for 12-hour days.

ACEN Targets 20 GW Renewables By 2030

The ACEN Board of Directors through its Executive Committee approved the corporate vision and strategy targeting 20 GW of attributable renewables capacity by 2030. This represents 6x growth from 3.4 GW of renewables capacity today, or a 25% compounded annual growth rate up to the end of the decade. ACEN currently has 18 GW of pipeline across the region, which will help with the achievement of the company’s 2030 goals. The Philippines will remain as the core market, which currently accounts for 40% of total capacity, and is expected to remain at this level. The company also plans to aggressively grow its investments in Australia which is expected to be its second-largest market within the decade. ACEN will also continue to grow its presence in Vietnam, Indonesia and India, and expand its geographic footprint through strategic partnerships.

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Enel Green Power Has 5692 MW Of Renewable Energy Projects In Its Pipeline For Vietnam

Vietnam is a country with enormous potential: in recent years it has seen rapid expansion in terms of wind and solar power, while it is one of the fastest growing markets when it comes to electricity demand. Not only that, it has a vibrant economy and a young, numerate population. EGP Vietnam (EGPVN) was officially established in December 2021 with a core team to develop a renewable energy project pipeline that will enable it to contribute to the energy transition in Vietnam. While the Business Development team, which is largely based out of our Singapore office, had been scouting the market since 2016, a local team was needed to bring the pipeline projects to a level that was ready for investment.

Philippines’ Department Of Energy To Focus On Expanding Local Energy Sources

Raphael Lotilla, Secretary of the Department of Energy (DOE), stated that the agency will be focusing on expanding and harnessing local energy sources as part of its long-term strategy to ensure energy security. Lotilla stated that the country is still dependent on imports of energy, especially coal and oil, in a virtual press conference. He stated that the Philippines’ primary energy source in 2021 would be 56.8% from imported and 43.2% from domestic sources. Geothermal, natural gas and hydro are all indigenous sources. The importable energy supply includes coal at 37.1%. Indonesia supplies 98%. Petroleum accounts for 34.6% of total energy supplies. It is also responsible for 89% of the power sources in areas off-grid. Lotilla stated that this makes the country “energy-insecure” due to the rise in fuel prices and uncertainty in coal supply. Exporting countries have the option of imposing a ban on coal exports.

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Mitsubishi Motors Thailand Hands Over Solar System Of ‘Solar For Lives’ Project To The Second Hospital

Phaya Mengrai Hospital in Phaya Meng Rai district of Chiang Rai province is the second community hospital to receive solar panels from Mitsubishi Motors (Thailand) Co., Ltd. as part of the company’s ‘Solar for Lives’ environmental project, which aims to increase opportunities for Thai people to access public health services by ensuring stable electricity from solar systems at community hospitals throughout Thailand. Mitsubishi Motors Thailand donated the second solar system, as part of the ‘Solar for Lives’ project, to Phaya Mengrai Hospital in Chaing Rai province after handing over the first solar system to Namphong Hospital in the northeastern province of Khon Kaen in April 2022.

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