Black & Veatch has been selected to study green hydrogen commercialisation pathways in Malaysia. Tenaga Nasional Berhad (TNB) and PETRONAS have chosen Black & Veatch to conduct the study. The main aim of the feasibility study is to validate the results of a collaborative study by TNB and PETRONAS on hydrogen development in Malaysia.
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OEG Renewables (OEGR) has entered a partnership with the Sojitz Machinery Corporation (SOMAC) for offshore wind development in Japan. Both the companies have signed MoU for providing pre-construction, construction, operations and maintenance and vessel services for projects.
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Masdar has inked an agreement with Pertamina Power Indonesia to develop solar, wind and green hydrogen projects in Indonesia and globally. Additionally, the company has signed a joint development study agreement with PLN Nusantara Power to expand the Cirata Floating Solar PV project, aiming to triple its capacity to 500 MW from the initial 145 MW phase launched in 2023.
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Terrenus Energy has secured about SGD 300 million in green financing from a consortium of five banks led by DBS. This green loan will fund the installation of photovoltaic panels on around 1,200 public housing blocks, 57 government sites, and various commercial and industrial facilities. DBS acted as Financial Advisor and Mandated Lead Arranger for the loan, alongside Mizuho Bank, Ltd., Siemens Financial Services through Siemens Bank GmbH Singapore Branch, Shanghai Pudong Development Bank Co., Ltd. Singapore Branch, and China Construction Bank Corporation Singapore Branch.
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Stonepeak and CHC have announced the creation of a platform focused on the development, construction, and operation of energy storage projects in Japan. The platform will focus on developing, constructing, and operating BESS projects to accelerate Japan’s power industry decarbonisation by leveraging Stonepeak’s investment experience in Japan’s renewable sector and CHC’s technical expertise.
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Canadian Solar has secured three battery energy storage system (BESS) projects totaling 193 MW in Japan’s inaugural Long-Term Decarbonization Power Source Auction. The winners of this auction were announced on April 26, 2024, with the Company securing a 13.3 per cent of the total awarded energy storage projects.
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Gulf Energy Development Private Limited has finalised 25-year-long power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) for the construction of 25 solar farms in the country. The planned solar farms will generate a combined capacity of 1,353 MW and are expected to offer a cost-effective solution compared to the current power tariff.
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SUSI Partners has signed an investment agreement with experienced Southeast Asian developer Alba Renewables through the SUSI Asia Energy Transition Fund to support the development, construction, and operation of utility-scale ground-mounted solar PV and onshore wind projects in the Philippines. Through the purchase, SUSI will assist Alba’s broader growth objectives throughout Southeast Asia and contribute to the development of a regional utility-scale renewables platform with an emphasis on the Philippines.
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RWE has received a 495 MW Electricity Business Licence (EBL) from the Ministry of Trade, Industry & Energy of Korea for the Seohae offshore wind project, situated about 45 km off the coast of Taean County in Chungcheongnam Province, South Korea. This licence grants RWE development rights
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TerraWind Renewables is a joint venture between US infrastructure investor Stonepeak and Japanese renewable energy company Shizen Energy. Stonepeak will own 80 percent of the new onshore wind energy platform, while Shizen Energy will own the remaining 20 percent.
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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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