Southeast Asia Clean Energy Facility Invests In Skye Renewables
Clime Capital, the Singapore-based fund manager focusing on accelerating the low carbon transition, announced that the Southeast Asia Clean Energy Facility (SEACEF) has committed development funding to Skye Renewables Holdings Pte Ltd (Skye), an emerging Singapore-based Southeast Asian-focused commercial and industrial solar developer. SEACEF’s investment will support Skye in accelerating its deployment of rooftop solar installations and other clean energy solutions in Southeast Asia where it is addressing the growing demand from commercial and industrial consumers for low-cost clean energy.
Trina Solar And SUMEC Sign Comprehensive MoU Covering Solar Projects In Southeast Asia
Trina Solar Co. Ltd (Trina Solar), the world-leading PV and smart energy total solutions provider, and SUMEC Complete Equipment and Engineering Co., Ltd. (SUMEC Engineering) have signed a memorandum of understanding (MoU) where the two have agreed to strengthen their level of co-operation in Southeast Asian markets. Since 2014, the two companies have achieved many successful projects in the Asia Pacific region such as Vietnam, Philippines, etc. SUMEC – a modern manufacturing service conglomerate with specialization in EPC (engineering, procurement, and construction) contracting for both international and domestic markets – is helping to build Aboitiz Renewables’ 159MW solar project in the northern Philippine province of Pangasinan. Trina Solar has been awarded a contract to supply all the solar modules for this project.
Southeast Asia Can Meet Their Growing Energy Demand With Renewables, Says IRENA
Southeast Asia’s growing economy and population will result in a large increase in energy demand by 2050. Along with this rise, the number of CO2 emissions related to energy would double. IRENA estimates that the region can meet their growing energy demand with renewables and cut 75 percent of their energy-related CO2 emissions by 2050, half of the emissions compared to today. Following the Paris Agreement, the Association of Southeast Asian Nations (ASEAN) member states have revised their power development plans to include ambitious commitments to power sector decarbonization. The region has agreed collectively to increase the share of RE in installed power capacity to 35 percent by 2025. At the COP26 in 2021, most ASEAN member states reaffirmed this commitment, and currently, nine out of 10 governments have pledged to achieve net-zero targets by 2050.
PETRONAS, ExxonMobil Sign CCS Project Development Agreements in Malaysia
PETRONAS has signed two Project Development Agreements with ExxonMobil Exploration and Production Malaysia Inc. (ExxonMobil) to jointly pursue Carbon Capture and Storage (CCS) activation projects in Malaysia. Under the agreements, both parties will define the next steps, including the maturation of technical scopes for the CCS value chain, evaluation of the identified fields for CO2 storage utilization, development of the appropriate commercial framework, and establishment of advocacy plan support on regulations and policy development in enabling CCS projects.
Philippines Boost Energy Mix Push With 440-MWp Isabela Solar Power Project
President Ferdinand R. Marcos Jr. welcomed the P18-billion 440-megawatt (MW) peak Isabela Solar Power Project seen to boost the administration’s renewable energy thrust as well as local job generation. Officials of the San Ignacio Energy Resources Development Corp. (SIERDC), the main project implementor, briefed President Marcos on the project this week in Malacañang. SIERDC is part of the Nextnorth Energy Group, which is developing solar and hydro projects in Northern Luzon. The company will begin construction next year on a 400-hectare land in Ilagan City, Isabela, currently being used for sugarcane and bioethanol production. The solar power facility will start its operation by 2025.
The Philippines’ 95 MW Solar Farm To Supply Power To Luzon Grid
Ilocos Norte’s renewable energy production will increase as another 95 MW solar project is available to provide clean energy. Rafael Salvador Medina, a member of the Provincial Board’s Committees on Environment and Natural Resources reported that the Ilocos Norte has given approval to the solar project in Agaga and Barangays Tanap in Burgos town to connect to the Luzon grid. “Upon reviewing the Joint Committees hereby recommend that the said resolution endorsing exploration, assessment and harnessing, development utilization, and commercialization 95 MW solar projects is declared valid,” he stated.
Sembcorp Opens Southeast Asia’s Largest Energy Storage System
Sembcorp Industries (Sembcorp) and the Energy Market Authority (EMA) officially opened the Sembcorp Energy Storage System (ESS). The Sembcorp ESS is Southeast Asia’s largest ESS and spans across two hectares of land in the Banyan and Sakra region on Jurong Island. Commissioned in six months, the facility started operations in December 2022 and is the fastest in the world of its size to be deployed. The event was officiated by Guest of Honour, Minister for Manpower and Second Minister for Trade and Industry Dr. Tan See Leng; together with Chief Executive of EMA, Mr Ngiam Shih Chun, and CEO, Singapore & Southeast Asia of Sembcorp Industries, Mr. Koh Chiap Khiong.
Cleantech Solar Partners with F&B Conglomerate Yeo’s To Develop 800 kWp Rooftop Solar PV Project in Singapore
Cleantech Solar, a leading provider of renewable energy solutions to corporations in Southeast Asia and India, has signed a power purchase agreement (PPA) with food and beverage conglomerate YHS (Singapore) Pte. Ltd., a subsidiary of Yeo Hiap Seng Limited, to develop an 800 kWp rooftop solar PV system at the latter’s manufacturing facility in Senoko. The long-term partnership between Cleantech Solar and Yeo Hiap Seng is expected to generate approximately 18.5 GWh of renewable energy during the project’s lifetime, which amounts to a reduction of over 7.5 kilotonnes of CO2 emissions. Cleantech Solar will provide a complete turnkey solar solution, with the project being operated and maintained by Cleantech Solar throughout the term of the agreement.
India Signs MoU with Indonesia-Malaysia-Thailand To Promote Energy Efficiency and Sustainable Practices
India signs MoU with Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council to further promote the adoption of energy efficiency and sustainable practices in the region. The two-day deliberations of the first G20 Energy Transitions Working Group concluded successfully in Bengaluru with shared views and consensus on priority areas. Talking to media persons Shri Alok Kumar, Secretary (Power) said that the member countries responded positively to the need for energy security and diversified supply chains. Participants, however, shared the view that the energy transition pathway should be different for each country depending on its energy base and potential. There emerged a clear understanding that fossil fuels would continue to be used more or less in most of the countries in the coming 15 to 20 years to increase the share of renewable energy, he said.