SEG Solar And PT KITB Forge $500 Million Deal To Build Massive Solar Production Facilities In Indonesia
SEG Solar (SEG) and PT Kawasan Industri Terpadu Batang (KITB), announced that they have entered into a binding agreement for the lease of approximately 41 hectares of land located in the Batang Regency, Central Java, Indonesia for a term of 80 years. SEG intends to invest a total of $500 million to develop the land for the construction of a 5GW solar cell production facility and a 3GW solar module manufacturing facility through PT SEG ATW Solar Manufaktur Indonesia, a joint-venture project company. SEG has partnered with PT ATW Investasi Selaras (ATW Group) to assist with the development of the facilities at the local level in Indonesia. The solar cell production line will vertically supply SEG’s module factory in Houston, Texas, USA and guarantee the full capability to trace components within the module supply chain.
Gentari Collaborates with Sarawak Energy and SEDC Energy to Contribute to Sarawak’s Clean Energy Goals
During the recently concluded Energy Asia conference, Gentari Sdn Bhd, a leading clean energy solutions provider, entered into two Strategic Collaboration Agreements (SCAs). The first agreement was with Sarawak Energy Berhad (SEB), while the second agreement was with SEDC Energy Sdn Bhd (SEDC Energy), a wholly-owned subsidiary of Sarawak Economic Development Corporation. These collaborations are for exploring and capitalizing on potential opportunities for developing and deploying clean energy solutions. The signing ceremony witnessed the coming together of energy professionals, industry leaders, and policymakers who are all committed to advancing Asia’s Net-Zero Ambitions.
ACEN Successfully Concludes Initial Phase of Super Energy’s Vietnam Solar Platform Acquisition
ACEN CORPORATION (ACEN), through its subsidiary, ACEN Vietnam Investments Pte. Ltd., moves forward on signing the Shareholders’ Agreement and other definitive agreements for the closing of the acquisition of Super Energy Corporation Public Company Limited’s (SUPER) solar power business in Vietnam. This strategic partnership follows the share purchase agreement signed by the two companies in 2022. SUPER currently owns and operates 837 MW of solar projects in Vietnam through Solar NT; ACEN will take up 49% ownership of Solar NT through a phased acquisition. Closing of the first phase of the transaction has just been completed, while the remaining phases are expected to be completed within the year, with a total consideration estimated at $165 million.
KOPETRO Collaborates With Gading Kencana For Renewable Energy Advancement
KOPETRO, along with its subsidiary KOPETRO Trading Sdn. Bhd. has established a significant collaboration with Gading Kencana Sdn Bhd, a renowned company specializing in renewable energy solutions in Malaysia. The partnership was solidified through a Memorandum of Understanding (MoU) exchange ceremony held at The Everly Hotel. Gading Kencana, established in 1993, has rapidly expanded its presence in the market, offering solar lights, solar photovoltaic (PV) systems, energy audits, environmental consulting, large-scale solar farm development, mini hydro power plants, and electric vehicle charging stations.
Sunway REIT Collaborates With HSBC To Advance Sustainability Goals
Sunway REIT has joined forces with HSBC to implement its inaugural Sustainability-Linked Cross Currency Swap (CCS) in Malaysia, marking a pivotal moment in the country’s real estate investment trusts (REITs) landscape. The RM200 million CCS aligns with Sunway REIT’s long-term vision of fostering a more sustainable business and highlights the increasing industry-wide focus on sustainability within the REITs sector. The real estate industry accounts for nearly 40% of global carbon dioxide emissions, making REITs pivotal in addressing climate change challenges and mitigating associated risks. As climate risks gain prominence, both REITs and real estate investors are recognizing the importance of integrating emission reduction strategies to enhance their competitiveness. These factors are propelling sustainability to the forefront of REITs’ business strategies.
Malaysian Ministry Relaxes Conditions For Solar Programs; Encourages PV Solar System Adoption
The Malaysian Ministry of Natural Resources, Environment and Climate Change (NRECC) has announced the relaxation of conditions for the Net Energy Metering (NEM) and Self-Consumption for Solar Photovoltaic Installation (SelCo) programs. The changes are aimed at promoting the use of photovoltaic (PV) solar systems in the country. According to Minister Nik Nazmi Nik Ahmad of the Ministry of Natural Resources, Environment and Climate Change (NRECC), there has been an adjustment in the capacity limit for approved photovoltaic solar systems under the NEM NOVA and SelCo programs. The limit has been raised from 75% to 85%.
DCI Indonesia And Salim Group Inaugurate Solar-Powered Data Center In Indonesia
PT. DCI Indonesia Tbk. (DCII), the leading data center & colocation infrastructure provider in Indonesia, and PT Datacenter Indonesia Sukses Makmur (DISM) proudly announce the inauguration of their second data center, H2-02, and office facilities at the H2 Data Center Campus located in Karawang, just outside the capital Jakarta. This marks the latest milestone in the DCI Platform’s accelerated expansion. DISM, a part of Salim Group, is the official partner of the DCI Platform. DCI has been operating the first data center in its second campus, H2-01, with a primary capacity of 15 MW IT load since November 2021. With the latest additions, the H2 campus now houses 2 data centers with a combined total capacity of 27 MW IT load and one office building to support customer work activities and business continuity.
TotalEnergies Inks SCA with Gentari for Developing Renewable Projects in Asia-Pacific
TotalEnergies and Gentari Renewables Sdn Bhd, the clean energy solutions company of Petronas, have signed a Strategic Collaboration Agreement. The agreement captures the commitment of the parties to jointly develop renewable energy projects in the Asia Pacific region. This collaboration follows in the footsteps of their existing partnership in the upstream sector, where they have successfully collaborated in eight countries globally. This agreement was executed at the Energy Asia Conference in Kuala Lumpur. Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies, and Sushil Purohit, Chief Executive Officer of Gentari signed the agreement on behalf of their respective organizations.
Sunview Group Berhad, a prominent renewable energy player principally involved in engineering, procurement, construction and commissioning and related activities, announced that its wholly-owned subsidiary, Fabulous Sunview Sdn. Bhd. has inked a memorandum of understanding with Yayasan Hijau Malaysia, an agency under the Ministry of Natural Resources, Environment and Climate Change, primarily focusing on empowering and educating the general public on sustainable developments. The objective of the MOU is to jointly undertake a sustainability campaign known as “17 Shades of Green” to engage and support business-to-business companies (B2B) in Malaysia in achieving their respective sustainability goals. This would be in line with United Nations’ Sustainable Development Goals (SDG) number 17, namely “partnerships for the goals”, as well as contributing to the environmental conservations in Malaysia.