Category: News Asia

South Korea to allow C&I and residential consumers to purchase renewable energy under RE100 initiative

South Korea to allow C&I and residential consumers to purchase renewable energy under RE100 initiative

January 21, 2021 | ,

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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SK Group and Plug Power partner to promote hydrogen-based technologies in Asia

SK Group and Plug Power partner to promote hydrogen-based technologies in Asia

January 12, 2021 | , ,

A strategic partnership has been announced between United States-based hydrogen fuel cell provider Plug Power and the South Korean SK Group to promote hydrogen-based technologies in the Asian Market. Accordingly, SK Group will be investing $1.5 billion to acquire a 9.9 per cent pro forma ownership stake in Plug Power, thereby forming a joint venture company in South Korea. Plug SK Group’s US subsidiary will purchase around 51.4 million shares for $29.28 per share, and the transaction is expected to close in the first quarter of 2021.

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DAI Global offers technical assistance for green energy projects in Vietnam

DAI Global offers technical assistance for green energy projects in Vietnam

January 12, 2021 | ,

Development Alternatives Incorporated has invited expressions of interest (EoI) on behalf of the United States Agency for International Development (USAID) and the Vietnam Government to offer technical assistance to renewable energy developers in Vietnam. The support is being extended to offset risk costs and to encourage renewable energy developers to invest in new projects, thereby helping the country meet its energy needs. The last date to submit bids is January 16, 2021.

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