Cleantech Solar and Coats Group PLC Partner for 540 kWp Rooftop Solar Project in Indonesia
Cleantech Solar, a leading provider of renewable energy solutions to corporations in Southeast Asia and India, has entered a long-term solar partnership with Coats in Indonesia to develop a 540 kWp rooftop solar PV project at their facility in Pasuruan, East Java. Cleantech Solar will provide the end-to-end solar solution along with guaranteeing the performance of the system. The solar PV system consists of 990 solar modules and is expected to generate approximately 16 GWh of clean energy during the system’s lifetime, amounting to a reduction of over 13 kilotonnes of CO2 emissions. This project will enable Coats to substitute a part of their power consumption with renewable energy at zero capital investment. This long-term partnership is an important step in the textile manufacturer’s sustainability efforts in Indonesia and is in line with Coats’ goal of ‘pioneering a sustainable future’.
Tenaga Nasional Berhad Expands Renewable Energy Footprint In Vietnam And Laos
Tenaga Nasional Berhad (TNB) has inked strategic partnerships with the major energy players in Vietnam and Laos to boost its ongoing drive to strengthen the ASEAN Power Grid (APG) interconnectivity and advancing Malaysia’s aspiration of becoming the Renewable Energy (RE) hub for ASEAN. These collaborations are set to accelerate regional decarbonisation efforts and cater to the increasing demand for cleaner, sustainable energy options. These partnerships aim to enhance TNB’s RE portfolio and fast-track the expansion of TNB’s wholly-owned subsidiary, TNB Power Generation Sdn Bhd (TNB Genco) and TNB’s New Energy Division into Southeast Asia.
Sunview Group Achieves Impressive Growth In Profit And Revenue For FY2023
Sunview Group Berhad, a prominent renewable energy (RE) player principally involved in engineering, procurement, construction, and commissioning (EPCC) and related activities, recorded a 141.5% quarter-on-quarter growth in profit after tax (PAT) to RM5.6 million for its fourth quarter ended 31 March 2023 (Q4FY2023). The PAT growth was on the back of a 44.0% growth in revenue to RM139.6 million in Q4FY2023. The improvement in profitability was mainly driven by the recognition of revenue from the progress of the ongoing large-scale solar (LSS) and EPCC projects as well as lower administrative expenses compared to the third quarter ended 31 December 2022.
Keppel Intensifies Efforts In Green Hydrogen And Ammonia Production For Australia And Asia
Keppel Corporation is intensifying its efforts in the production and use of green hydrogen and ammonia as low-carbon energy sources through joining a consortium to develop a large-scale green hydrogen project in Australia and the signing of a Memorandum of Understanding (MOU) with Incitec Pivot Limited (IPL) on an industrial-scale green ammonia production facility in Australia. As part of Keppel’s strategic plan to participate and capitalise on the projected growth of the hydrogen economy, especially in helping decarbonise hard-to-abate sectors, Keppel has signed an agreement today to join the Central Queensland hydrogen (CQ-H2) project consortium, which is developing a hydrogen production facility, among other related infrastructure. The CQ-H2 project aims to produce renewable hydrogen, scalable to up to around 2,500MW equivalent, and deliver via its different carriers to Japan and Singapore, as well as supplying large domestic customers in Central Queensland.
PLN Seeks $700 Million Investment For 200 MW Solar Panel Installation
Perusahaan Listrik Negara (PLN) is seeking an investment of $700 million to install solar panels of 200 MW capacity in a bid to reduce carbon emissions and replace diesel power generators. PLN aims to achieve net zero carbon emissions by the year 2060 and has 4.68 GW of installed solar panels between 2021 and 2030. 200 MW solar panels will be the first phase among other phases of a long-term plan as per the company’s director, Evy Haryadi. Under the Just Energy Transition Partnership (JETP), various countries have pledged $20 billion in private as well as public financing to help Indonesia transition to renewable and clean energy.
POWERCHINA Commences 64.2 MW Photovoltaic Project In The Philippines
A groundbreaking ceremony was held in the Philippines for the 64.2 MW photovoltaic (PV) project in Tanauan and Malvar (the T&M PV Project), undertaken by POWERCHINA. Yang Guoliang, the minister counsellor of the Chinese Embassy in the Philippines, attended the ceremony. The project will help expand the share and consolidate the position of POWERCHINA in the new energy market in the Philippines. Senior officers from POWERCHINA participated in the ceremony along with senior officials from the Philippines. Yang extended his congratulations on the groundbreaking of the project in his speech at the event. He said that with the abundant sunshine in the Philippines, the development of photovoltaic energy will not only alleviate the local electricity shortage and promote green and low-carbon transformation but will also drive local employment.
WHA Corporation And Prinx Chengshan Sign Agreement For Solar Rooftop Project In Thailand
In a significant move towards sustainable energy, WHA Corporation PCL and Prinx Chengshan Tire (Thailand) Co., Ltd. have signed a Power Purchase Agreement for Phase 2 of the Solar Rooftop system. The signing ceremony took place at WHA Eastern Seaboard Industrial Estate 3 in the Eastern Economic Corridor (EEC). The agreement was jointly signed by Ms Jareeporn Jarukornsakul, Chairman of the Executive Committee and Group CEO of WHA Corporation, Mr Somkiat Masunthasuwun, CEO of WHA Utilities and Power PLC, Mr Zhang You Gan, Managing Director of Prinx Chengshan Tire (Thailand) Co., Ltd., and Mr Wang Bing, Vice Managing Director of Prinx Chengshan Tire (Thailand) Co., Ltd.
Malaysia To Launch Its Energy Transition Roadmap In A Phased Manner
Malaysia is gearing up to implement its Energy Transition Roadmap in a phased approach, starting next month, to effectively work towards its net-zero goals. The roadmap will identify key initiatives and implementation plans for the next two decades. Economy Minister Mohd Rafizi Ramli announced that the first phase, launching by the end of June, will include strategic projects like hydrogen and solar farms, as well as a dedicated renewable energy (RE) zone. The subsequent phase, scheduled for August, will focus on enablers such as legislative reforms and incentive funding to accelerate the transition. Rafizi emphasized the government’s commitment to collaborating with the industry and acknowledged the need for tangible actions to address cynicism.