Petrovietnam (PVN) and Copenhagen Infrastructure Partners Group (CIP) of Denmark will cooperate in the renewable energy sector following a memorandum of understanding (MoU) inked between the two companies.
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Malaysia’s Sunview Group, a renewable energy firm, is currently engaged in discussions with Uzbekistan officials regarding the construction of a 500 MW solar PV facility in the Qashqadaryo region. Valued at $1 billion, the plant is set to be funded through foreign direct investments and is slated for completion within a year of the official agreement’s signing.
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Bekaert and Toshiba Energy Systems and Solutions Corporation, have entered into a global partnership which includes a strategic cooperation agreement, and a manufacturing technology licence for Membrane Electrode Assemblies (MEA), a key component for Proton Exchange Membrane (PEM) electrolyzers, that will help to accelerate the advance towards green hydrogen production.
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Aker Solutions has been awarded a front-end engineering and design contract for Haewoori Offshore Wind 2 (500MW) and 3 (500MW), Copenhagen Infrastructure Partner’s floating offshore wind projects off the coast of Ulsan, Korea. The company will manage the design and delivery of the floating foundation structures required for the wind project and perform the front-end engineering design.
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China has committed to investing $2.18 billion in Serbia’s mining and energy ministry to support the development of renewable energy projects. On January 26, 2024, Serbian Zijin Copper, a subsidiary of Zijin Mining, and China’s Shanghai Fengling Renewable signed a memorandum of understanding. The agreement outlines plans for a 1.5 GW wind farm, a 500 MW solar plant, and a hydrogen production facility capable of producing 30,000 tonnes per year by 2028.
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The Asian Development Bank (ADB) and ReNew Energy Global Plc, an Indian renewable energy firm and preferred decarbonisation partner, inked a MoU to work together on climate change mitigation and adaptation projects. Projects worth over $5.3 billion in investment between 2023 and 2028 are included in the MoU.
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A new clean energy partnership between the UK and the Republic of Korea (RoK) has been agreed to boost energy security and accelerate the clean energy transition. The partnership was signed in London by the Energy Security Secretary and RoK’s Minister for trade, industry and energy.
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Enapter AG, a German electrolyser manufacturer has secured an order for 101 electrolysers from Enoah, a Japanese fuel cell manufacturer. The electrolysers will be installed in power-to-power applications and refuelling stations. According to the company, the AEM Electrolysers EL 4.0 will be delivered in different phases, beginning at the end of the third quarter of 2023 and continuing through the first quarter of 2024.
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The Ministry of New and Renewable Energy (MNRE) under its National Green Hydrogen Mission has announced the ‘green hydrogen standard for India’. This has been marked as a crucial step for the advancement of the Mission. The Indian government has defined green hydrogen as hydrogen generated by utilising renewable energy sources, such as electrolysis or biomass conversion.
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Yangtze Power has awarded GE Vernova a contract for improving the 6.4 GW Xiangjiaba hydropower plant in China. Three sets of main shaft air supply pipes will be designed, manufactured, delivered, installed, and commissioned by GE Vernova. It’s anticipated that the improvements will be finished in the first half of 2024. The project is anticipated to boost the sealing effect, retaining the hydropower plant’s performance.
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In order to construct offshore wind projects in South Korea, Norwegian offshore project developer Deep Wind Offshore (DWO) has joined forces with the nation’s state-owned energy company East West Power (EWP). DWO and EWP will concentrate on creating four floating and bottom-fixed projects far off the nation’s coast as part of their agreement. Together, these projects will have a capacity of more than 4 GW.
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Siemens Gamesa, a Spanish energy company, and Doosan Group subsidiary Doosan Enerbility have agreed to explore potential offshore wind power cooperation in South Korea. In Copenhagen, Denmark, the two companies signed a non-binding MoU to assess the scope of collaboration on large-scale offshore wind turbines, including installation, maintenance, and supply of turbine parts. They will also explore the sharing of services for the construction of production facilities in South Korea.
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SK D&D, a South Korean renewable energy developer, has signed a MoU with energy fund manager Glennmont Partners to invest in solar PV projects in South Korea. The two companies will invest around $153 million in the projects under the terms of the MoU.
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Corio Generation, an offshore wind company, has signed a joint development agreement with FECON, a Vietnamese construction firm, for a 500 MW offshore wind project in Vietnam’s Ba Ria-Vung Tau province. The proposed fixed-bottom plant, which would be located between 23-35 km off the coast, is expected to be one of the country’s first large-scale offshore wind projects.
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General Electric (GE), a US- based multinational conglomerate, and Continuum Green Energy (India), a renewable energy project developer, announced the financial completion of GE Energy Financial Services’ acquisition of a 49 per cent stake in Continuum’s 148.5 MW Morjar onshore wind project in Gujarat, India. The project, which will be equipped with GE Renewable Energy’s 2.7-132 onshore wind turbines, is set to begin commercial operations in June 2022.
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The National Solar Energy Federation of India (NSEFI) and SolarPower Europe have collaborated to publish best-practice guidelines for solar power project engineering, procurement, and construction in India. The ‘EU-India Clean Energy and Climate Partnership” is supporting this initiative. The ‘EPC Best Practice Guidelines: India Edition’ is the result of a joint Indian-European EPC Taskforce that was formed in September 2021 and brought together 31 of the world’s top solar experts from both regions.
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The United States Agency for International Development (USAID) has launched a $36 million clean energy project in Vietnam. Under the Vietnam Low Emission Energy Program II (V-LEEP II), USAID and Vietnam’s Ministry of Industry and Trade (MOIT) will jointly increase clean energy deployment, through the mobilisation of private sector investment, providing project design support for developers as well as technical assistance for lenders.
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The Greenko Group is setting up the world’s largest renewable energy storage plant in Kurnool, Andhra Pradesh. The 5,230 MW project is being set up at a cost of $3 billion. The project will have a total capacity of 3 GW of solar power, 550 MW of wind power, and 1,680 MW of pump storage capacity for six hours. ArcelorMittal has invested around $600 million in the project. ArcelorMittal’s investment will be used to construct 1 GW of solar energy capacity for the project. The project is expected to be commissioned by 2023.
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PAG has announced that funds managed under its Real Assets group have signed an agreement with First Solar to acquire First Solar’s Japan project development and operation platforms. This acquisition includes 293 MWDC utility-scale solar project development platform, and a solar operations and maintenance (O&M) platform with approximately 665 MWDC under management.
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Vena Energy, a Singapore-based renewable energy company, has chosen Offshore Design Engineering (ODE) to serve as the owner’s engineer for its 384 MW Yokji offshore wind farm in South Korea. Under the contract, basic engineering, wind turbine generator package support, engineering, procurement, and construction preparation support services are included.
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