Week In ASEAN: UOB Malaysia Launches U-Solar 2.0 Program For Sustainable Financing; TNB And Sunway Group Signs MoU To Expand Sustainable Energy Solutions; And More


UOB Malaysia Launches U-Solar 2.0 Program For Sustainable Financing


UOB Malaysia launched U-Solar 2.0 as an expansion of its existing U-Solar program. This will make it easier to access sustainable financing for local solar EPCC contractors, and project developers. UOB stated that the program’s latest enhancement will allow industry players to access the entire solar value chain. It stated that the program would ensure smooth financing and better payment terms for solar contractors, developers, and other interested parties, in order to help them meet growing solar energy demand, as well as connect them with top equipment suppliers throughout the region.

TNB And Sunway Group Signs MoU To Expand Sustainable Energy Solutions In Malaysia


Tenaga Nasional Berhad (TNB) and Sunway Group (Sunway) have signed a Memorandum of Understanding (MoU) to drive their Environmental, Social, and Governance (ESG) agenda together to create sustainable business values and to explore collaboration opportunities in promoting energy transition solutions, accelerating clean energy businesses and to develop ESG capabilities. The signing of the MoU took place on 17 March 2023 at the TNB Platinum Tower in Kuala Lumpur. Representing Sunway Group was Founder and Chairman, Tan Sri Dato’ Seri Dr. Jeffrey Cheah and President, Tan Sri Dato’ Dr. Chew Chee Kin. TNB was represented by President and CEO, Dato’ Indera Ir. Baharin Din, and Chief Strategy & Ventures Officer, Datuk Ir. Megat Jalaluddin Megat Hassan.

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Singapore And Indonesia Agree On Cooperation In Multiple Sectors Including Renewable Energy

President Joko “Jokowi” Widodo and Prime Minister of Singapore Lee Hsien Loong had a bilateral meeting at Singapore’s Presidential Palace. During the meeting, both leaders agreed to tie cooperation in several sectors. In general, the meeting resulted in 20 Letters of Intent from Singaporean private sectors to invest in Nusantara Capital, nine B-to-B MoUs in the healthcare and digital sector, and seven G-to-G MoUs in energy, health, and digital sectors,” President Jokowi stated during a press statement with PM Lee Hsien Loong after the meeting. Prime Minister Lee Hsien Loong said, “There is much potential in the green economy sector. We signed an MOU on Renewable Energy Cooperation today. This will support commercial arrangements for the development of renewable energy capabilities, transmission infrastructure, and cross-border electricity trading. It will strengthen the energy infrastructure and energy transition and energy security for both Singapore and Indonesia and also support regional initiatives like the ASEAN Power Grid. It is a win-win outcome.

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Indonesia And US Signs MoU For Clean Energy Working Group

The Indonesian government through the Ministry of Energy and Mineral Resources (ESDM) and the United States signed a Memorandum of Understanding (MoU) for the Indonesia-United States Clean Energy Working Group. This agreement marked the establishment of a working group for the development of clean energy in Indonesia. The MoU was signed by Secretary General of the Ministry of Energy and Mineral Resources Rida Mulyana together with Assistant Secretary of Commerce and Director General of the US and Foreign Commercial Service, US Department of Commerce Arun Venkataraman.

Worldwide Holdings Berhad Signs Four MoUs To Develop Solar Energy Projects In Selangor

Worldwide Holdings Berhad has signed four Memorandum of Understanding (MoUs) to discuss collaboration in the development of Selangor’s solar energy projects. Yang Berhormat Dato’Haji Haris Kassim, Selangor’s State Secretary, witnessed the signing of four MoUs that will further promote smart energy solutions in Selangor and renewable energy in Selangor. The ceremony was held at Glenmarie Hotel & Golf Resort. The ceremony saw the signing of two MoUs related to the development and operation of an independent power plant that generates electricity from a floating solar farm at Cyberjaya.

DHG Pharma Partners With GreenYellow Vietnam For Rooftop Solar Power Project

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Hau Giang Pharmaceutical Joint Stock Company’s commitment to sustainable development towards the community takes a step forward with its latest project. DHG Pharma recently partnered with GreenYellow Vietnam for a rooftop solar power project with a total capacity of 1.8 MWp. The solar panels will be installed at the factory in Tan Phu Industrial Park, Thanh, Chau Thanh A district, Hau Giang province. The signing ceremony was attended by DHG’s top executives, including the General Director, Toshiyuki Ishii, and the Deputy General Director, Tomoyuki Kawata. GreenYellow Vietnam expressed confidence that their expertise will help the factory to efficiently convert to using clean energy sources and achieve the I-REC renewable energy certificate.

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