Category: News Asia

Terrenus Energy secures SGD 300 million green loan by DBS in Singapore

Terrenus Energy secures SGD 300 million green loan by DBS in Singapore

May 23, 2024 | ,

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 establish a BESS Platform in Japan

Stonepeak and CHC establish a BESS Platform in Japan

May 15, 2024 | , ,

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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EGAT and Gulf Energy to develop 25 solar farms in Thailand

EGAT and Gulf Energy to develop 25 solar farms in Thailand

May 8, 2024 | , ,

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 invests in utility-scale renewables projects in the Philippines

SUSI Partners invests in utility-scale renewables projects in the Philippines

April 8, 2024 | , ,

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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Sunview discusses $1 billion solar plant in Qashqadaryo with Uzbek Authorities

Sunview discusses $1 billion solar plant in Qashqadaryo with Uzbek Authorities

March 4, 2024 | , ,

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, Toshiba partner on PEM electrolyser technology

Bekaert, Toshiba partner on PEM electrolyser technology

February 29, 2024 | ,

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 bags FEED contract for 1 GW Haewoori Wind Project

Aker bags FEED contract for 1 GW Haewoori Wind Project

February 16, 2024 | , ,

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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Serbia secures $2.18 billion renewables investment commitment from China

Serbia secures $2.18 billion renewables investment commitment from China

January 30, 2024 | , , ,

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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Enapter wins order of 101 AEM electrolysers

Enapter wins order of 101 AEM electrolysers

August 31, 2023 | , ,

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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India specifies green hydrogen standard

India specifies green hydrogen standard

August 24, 2023 | , ,

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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GE Vernova to refurbish Xiangjiaba hydropower plant

GE Vernova to refurbish Xiangjiaba hydropower plant

August 24, 2023 | , ,

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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DWO and EWP to develop offshore wind projects in South Korea

DWO and EWP to develop offshore wind projects in South Korea

July 1, 2022 | , ,

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 and Doosan Enerbility to launch offshore wind cooperation 

Siemens Gamesa and Doosan Enerbility to launch offshore wind cooperation 

June 28, 2022 | , ,

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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