Technological innovations and favourable government policies are among the four trends expected to drive Southeast Asia’s transition to renewable energy in the coming years.  A report published by global auditing firm KPMG on Tuesday titled ‘The Renewable Energy Transition’ noted that while there are still 70 million ASEAN citizens without access to reliable electricity, the potential for renewable ene ...

How ASEAN’s power industry is shaping up in the digital economy Technology is fast becoming the bedrock of any energy and power-related goals in ASEAN. Catalysed by ambitious goals, such as expanding the region’s renewable energy to 23% by 2025, the power and energy industry is ripe for disruption. However, as cities drive their manufacturing sectors towards Industry 4.0 and ready themselves for smart and s ...

GE and Uniper Unveil ‘GT26 HE’ Solution, the World’s First High-Efficiency Upgrade for the GT26 Gas Turbine Fleet • By Tapping into GE’s H-Class, F-Class and Additive Manufacturing Technologies, GE Unleashes Full Performance of the GT26 Platform • GE’s GT26 High-Efficiency Upgrade Provides a Leap Forward in Efficiency; Significantly Decreases Fuel Costs, Increases Plant Output up to 55 Megawatts per Unit an ...

EverSource Capital, the joint venture between private equity firm Everstone Capital and global solar project developer Lightsource BP, is looking to invest over $1 billion in renewable energy investments through its Green Growth Equity Fund, said a senior company executive. The National Investments and Infrastructure Fund (NIIF) of India and the UK government are anchor investors in Green Growth Equity Fund ...

MAN Energy Solutions is acquiring 40 percent of the shares of the electrolysis technology company H-TEC SYSTEMS. A contract confirming the partial acquisition was signed in Augsburg by Dr. Uwe Lauber, CEO of MAN Energy Solutions, and Ove Petersen and Heinrich Gärtner, executive managers of the GP JOULE Group. The contract also makes provisions for a majority or complete takeover of H-TEC SYSTEMS at a later ...

The financing consists of a $70 million A loan from ADB’s ordinary capital resources and $82 million B loan from Sumitomo Mitsui Banking Corporation and MUFG Bank, with ADB providing a partial risk guarantee (PRG) to the participating commercial banks. ADB will also administer a $20 million loan from Leading Asia’s Private Sector Infrastructure Fund (LEAP), supported by the Japan International Cooperation A ...

HÀ NỘI — The Ministry of Industry and Trade (MoIT) plans to focus its investigations on businesses that use high volumes of energy as part of its mission to save energy. Trịnh Quốc Vũ, deputy director of MoIT’s Department of Energy Saving and Sustainable Development, said the industrial sector accounted for more than 47 per cent of the country’s total energy consumption. “There are many technical solutions ...

The Asian Development Bank (ADB) has agreed to invest USD 50 million (EUR 44m) in Avaada Energy Private Limited (AEPL) to aid the Indian renewables developer in expanding solar power generating capacity. ADB said in a statement that the current equity investment will help Avaada Energy to exceed 2 GW of capacity, having in mind that the company has already secured power purchase agreements (PPAs) for about ...

Singapore is ready for energy deregulation. A slower, more cautious approach is ensuring consumers, as well as providers, can enjoy the spoils or deregulation.   At different paces, ASEAN countries are studying the feasibility of energy deregulation. The term applies to the transition from regulated to market-based energy prices.  Some ASEAN countries embark on an energy deregulation journey to in ...

With the increasing amount of renewable energy in the system, grid operators must address the challenge of balancing supply and demand from intermittent energy generation. One way of meeting this challenge is to use advanced forecasting tools to provide predictability in renewable energy generation in order to keep the grid stable. In support of Vestas’ efforts to provide forward-looking renewable energy so ...