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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Envision Energy, a Chinese provider of wind turbines and energy management software, has received a 2,000 MW wind turbine order in India. As per the company’s statement, all 596 wind turbines will be manufactured in Envision’s India factory and will be delivered by the end of 2023.
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The National Institute of Wind Energy (NIWE) of India and ORE Catapult of the UK have signed a joint declaration of intent under which the two wind energy organisations of their respective countries will establish a five-year collaboration programme for the development of wind energy, particularly offshore wind. India currently has no offshore wind facilities, and plans to start development in this space by 2024-25 are also well behind schedule.
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SIMEC Atlantis Energy Ltd (SAE) has installed its demo tidal turbine and generation equipment in Japanese waters near the Goto Island chain. The pilot turbine has generated 10 MWh in its first 10 days of operation. Supply and installation of the turbine were provided under a contract to a Japanese company Kyuden Mirai Energy (KME).
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International Bio Fuels Marketing (IBFM) has announced a partnership with Engie for the development of four wood pellet plants in Asia with construction starting this year. The joint venture begin construction of the first plant in Vietnam in September. Work on a second plant is scheduled to begin in early 2022 and the development of two additional plants in Malaysia will begin later next year. The cost of each plant is estimated to be $12 million and will take 12 months to build. Each plant will be equipped to produce 70,000 tonnes of wood pellets a year.
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The U.S. International Development Finance Corporation (DFC) and Shell Foundation (the UK-registered charity) have announced a new collaboration that will promote renewable energy uptake in low-income areas of Africa and Asia. The collaboration aims to improve gender inclusion and to bring affordable renewable energy to more than 5 million people in these regions.
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Coara Solar, Malaysia-based developer has financially closed and begun the development of a 116 MW solar project. The project is located in Marang, Terengganu, in north-east of Peninsular Malaysia.
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The Union Budget 2021, presented by the Indian Finance Minister included several announcements for the renewable energy sector. The most prominent among them was the infusion of an additional Rs 10 billion of capital in the Solar Energy Corporation of India and Rs 15 billion in the Indian Renewable Energy Development Agency.
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BayWa r.e. has announced the successful sale of its Isohara solar farm in Japan to D&D Solar GK, a new venture set up between Osaka Gas and the Development Bank of Japan. The sale of the 35 MWp site in Kita-Ibaraki City follows the sale of the 11.9 MWp Izumi solar farm in December 2020 to D&D Solar GK as well. It will produce enough electricity to meet the average annual consumption of 15,000 households in Japan.
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The Asian Development Bank (ADB) and Japan’s Ministry of Economy, Trade and Industry (METI) have signed a memorandum of cooperation (MOC) for clean energy promotion in South-East Asia. The cooperation, under the Cleaner Energy Future Initiative for ASEAN (CEFIA), will strengthen their efforts in the areas that focus on energy transition including renewable energy, energy conservation and efficiency.
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LOC China, a subsidiary of the AqualisBraemar LOC Group has been awarded a contract to provide marine warranty survey services for the Xuwen offshore wind farm. The services will include transportation, installation and construction operations.
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EDEN Renewables India, a joint venture of Total Eren and EDF Renouvelables, has successfully secured financing for its 450 MWp SECI III solar PV project. The said project has recently received a green limited recourse project term loan of $165 million from a group of three major international banks – DBS Bank Ltd, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation (Singapore Branch).
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Pacific Green Technologies, Inc.’s wholly owned subsidiary, Pacific Green Technologies (Shanghai) Co. Limited has signed a framework agreement with SINOPEC Star Co., Ltd., a subsidiary of SINOPEC, to work on a portfolio of onshore and offshore wind power, solar photovoltaic and comprehensive energy utilization projects.
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Bangladesh has announced that it has set up a research centre and a pilot processing plant for hydrogen-based technologies. In addition to producing hydrogen, the plant will also produce waste and biomass which will be used as feedstock. For this, the Bangladesh Council of Scientific and Industrial Research (BCSCIR) has kickstarted the training of scientists to work towards setting up a full-fledged Hydrogen Energy Laboratory as part of the project.
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The Ministry of Trade, Industry, and Energy of South Korea has announced the sanctioning of the purchase of electricity from renewable sources by industrial and general electric consumers as part of the RE100 initiative. The parties must register at the Korea Energy Agency and the electricity will be procured through self-generation, green premium system, third party power purchase agreement, or the purchase of renewable energy certificates.
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Pattern Energy Group LP (Pattern Energy) has finalised financing of a $515 million fund, Green Power Renewable No. 1 Investment LP. Pattern Energy’s affiliate in Japan, Green Power Investment Corporation (GPI), will manage the fund and is also one of its largest investors.
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Siemens Gamesa has secured its largest order to date in Vietnam for a 117 MW wind farm. The wind farm is expected to be commissioned in the third quarter of 2021 and will generate enough electricity to power the demands of 248,000 people.
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