SJVN, GRIDCO to Joint Venture to Develop 2,000 MW Solar and 1,000 MW Hydro Projects in Odisha
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Renewable energy growth in Malaysia is hampered by unrealistic targets and lack of robust policies, report says
Malaysia aims to reach 31% of its total energy production from renewable energy sources by 2025 and 40% by 2035. Neither goal is very realistic, as only 3.3% of electricity is currently generated from renewable sources. According to GlobalData, a leading data and analytics company, Malaysia is expected to achieve only 5.5% of electricity generation from renewable energy by 2025 and 6.6% by 2035 based on the current growth trend.
Super Energy Corporation Begins Commercial Operation of Solar Power Plant with Battery Project in Thailand
Super Energy Corporation Public Company Limited announces that the battery project solar power plant of SUPER’s subsidiary Super Solar Hybrid Co., Ltd. (SSH) has supplied commercial electricity to the Electricity Generating Authority of Thailand (EGAT). 16 MW power purchase agreement (PPA). The factory is located in Han Sai Peninsula, Mueang Aranyaprathet District, SraKeaw Province. As a result, the SPP Hybrid project received financial support from the Bank of Ayudhya Public Company Limited and distributed electricity to commercial operation after the project.
SunRoof Raises €13.5M to Expand Solar Roof Systems in Europe and US
Following the first closing announced in September, solar energy pioneer SunRoof announces a €13.5 million extension with new investment from a syndicate of leading European climate technology investors, including the World Fund, Nordic Alpha Partners and L&G Capital. The extension brings SunRoof’s total growth round led by Klima Energy Transition, Alantra’s growth equity fund, to €28.5 million and will be used to implement its expansion plans in Europe and the US. SunRoof is a Swedish startup revolutionizing the capture and use of renewable energy through a solar roof system.
Advancecon Holdings Offers Private Placement to Raise Funds for Solar PV Project
Advancecon Holdings Bhd is proposing a private placement of up to 20% of its total share base to raise RM21.85 million to finance the development of a solar PV project under the Large Scale Solar 4 @ MEnTARI programme. According to a Bursa Malaysia filing, the private placement will see the issuance of approximately 96.67 million shares to third-party investors. The release price will be determined later. Advancecon had 483.37 million shares outstanding as of January 9, 2023. Advancecon allocated RM21.74 million for the development of a solar PV power generation facility under LSS4. The remaining RM110,000 will be used to cover the estimated cost of the proposed placement.
Milli Power Berhad Interested in Exploring Renewable Energy Sources in Nusantara, Indonesia
Tenaga Nasional Berhad (TNB) through the Ministry of International Trade and Industry (MITI) has submitted a Letter of Intent (LOI) to the Chairman of the Nusantara Administration (Otorita Ibu Kota Nusantara (IKN)), Minister Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz. ). The LOI expressed TNB’s interest in participating in the exploration and development and operation of energy solutions in IKN Nusantara, Indonesia across various existing technologies such as gas, solar, wind, water and battery storage. TNB is also interested in exploring any opportunity. Global City for All, in Grid interconnection business through collaboration with PT Perusahaan Listrik Negara (PLN) to develop safe and reliable high voltage transmission infrastructure in IKN Nusantara.
ACEN Adds 300 MW of Solar Power Capacity at Palauig Solar Farm in the Philippines
ACEN, Ayala Group’s listed energy platform, is increasing its renewable energy portfolio in its home country of the Philippines by starting construction of the 300MW Palauig 2 Solar Farm located in Zambales, one of the country’s most irradiated regions. zones and solar energy potential. The new development, including the construction of a 1,200 MW transmission line near ACEN’s operational 63 MW Palauig 1 Solar project, is estimated at ₱16 billion. The 540 MWp high-efficiency solar panels will be supplied by module manufacturer Seraphim.
Pertamina Supports Southeast Asia’s First Net Zero Industrial Cluster
Pertamina continues to fulfill its commitment as a driving force of the energy transition in Indonesia. In cooperation with Jababeka, Pertamina provides an energy mix through the development and development of more environmentally friendly energy. This collaboration resulted in a 230 kW Solar Power Plant (PLTS) supporting the electricity needs of the first Net Zero Industrial Cluster in Southeast Asia. Jababeka is also one of the 12 Net Zero Industrial Clusters worldwide. This move is a strategic collaboration between Pertamina and Jababeka to be active in efforts to create a clean energy ecosystem in Indonesia and around the world.
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