Reading Time: 5 minutes
Savelite Engineering Awards 25MWac Solar PV Plant Project To Reservoir Link
Reservoir Link Energy Bhd (RLEB) announce that Founder Energy Sdn. Bhd. (FESB), a 51% owned subsidiary of RLEB received a letter of award from Savelite Engineering Sdn. Bhd. for turnkey construction and commission of a large-scale solar photovoltaic plant of 25MWac at Lot 9995, Mukim Setiawan, Daerah Manjung, Perak Darul Ridzuan. The Project site owner will be Suriamas Energy (Maritime) Sdn Bhd. FESB shall immediately commence the limited portions of the Works as to be specified in the Limited Notice to Proceed issued by Savelite Engineering. Subsequently, FESB shall immediately commence the full scope of Works after receiving Notice to Proceed from Savelite Engineering and to achieve the Completion Date on 31 December 2022.
Vietnam Needs Extra 368 Billion USD To Achieve Net Zero Emissions
To detail the national green growth strategy, the Prime Minister on July 22 approved the national action plan on green growth for 2021-2030 with four important goals. The goals are to reduce greenhouse gas emissions per GDP, to green economic sectors, to green lifestyles and promote sustainable consumption, and to green the transition on the principles of equality, inclusion, and resilience. Speaking at the conference on the impact of COP26 on the energy transition towards green growth launched on August 17, Nguyen Thi Bich Ngoc, deputy minister of the Ministry of Planning and Investment, said that resources are the biggest problem in realising the goals of the energy transition and moving towards the net zero emissions target by 2050.
ADB Launches New Country Partnership Strategy for Vietnam
The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Vietnam covering the period 2023–2026. The strategy will help promote inclusive, green, and private sector-led development in Vietnam and build a foundation for the country to achieve its goal of becoming upper-middle-income by 2030. ADB’s new partnership strategy for Vietnam is anchored on the recognition that the country needs tailor-made solutions to best meet its development challenges. It also takes a provincial focus as this is where Vietnam’s development needs are greatest.
Macquarie Capital Is Investing $1.2 Billion In A Floating Solar Plant Through Blue Leaf Energy
Through Blue Leaf Energy Asia Pte Ltd. in Singapore, Macquarie Capital is investing at most $1.2 billion in a floating solar power plant of 1,300 megawatts on Laguna Lake. Blue Leaf Energy and SunAsia Energy will jointly develop the solar facility. It is expected to be operational by 2024. Oliver Lewis, Macquarie Capital, signed a letter confirming the commitment to invest, during President Ferdinand Marcos Jr.’s state visit to Singapore. This was witnessed by other Singapore-based foreign investors. Blue Leaf Energy and SunAsia Energy negotiated a memorandum to jointly develop the solar facility in June 2021. The agreement will see the floating solar panel installed on Laguna Lake’s water surface, between Calamba, Cabuyao, Sta. Rosa as well as the towns of Bay & Victoria.
Sime Darby Plantation Bhd Installs 5 Solar PV Systems; 12 Solar Projects Under Development
Sime Darby Plantation Bhd. (SDP) stated that it will continue its decarbonisation journey in order to reach climate action goals, including accelerating renewable efforts to reduce emissions and exploring ways to reduce fuel consumption. SDP has been installing five photovoltaic systems to support its carbon reduction goals. Rashyid Redza Anwarudin, chief sustainability officer, stated that the group currently has one large-scale, operational solar project. He was presenting his paper “Sime Darby Plantation’s Decarbonisation Journey” at the 7th International Palm Oil Sustainability Conference, Tuesday, September 13.
Vietnam Reduces Power Usage For Its Largest Solar Farm By 40%
Authorities said Tuesday that Vietnam had reduced the utilisation rate for its largest solar farm by 40% because there was no pricing mechanism. This could have a negative impact on the country’s efforts to increase renewable energy. According to a government news release, the power trading unit of the state-owned utility EVN has reduced the utilisation rate from 450 MW to 278 MW at Trung Nam – Thuan Nam solar power station in Ninh Thuan. Vietnam pledged last year to be carbon-neutral by 2050. It is now seeking to increase its power generation capacity using renewable energy.
Central Retail Installs Rooftop Solar; Becomes Thailand’s First Green & Sustainable Retail
Mr Yol Phokasub, Chief Executive Officer of Central Retail Corporation Public Company Limited or CRC announced, “It is Central Retail’s conviction to build a promising future for the generations to come by reinforcing its position as Thailand’s first Green & Sustainable Retail. We commit to following United Nations Sustainable Development Goals: SDGs, promoting BCG (Bio-Circular-Green Economy) and driving the ESG (Environmental-Social-Governance) agenda. The company has used this universal blueprint as a foundation for the development of the CRC ReNEW strategy, driving leaping growth for the business by operating with the highest standards of sustainability practices. The strategy also sets clear guidelines for business operations across every aspect of group businesses.