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MoIT Look To Cut Industrial Energy Use

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 ...

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ADB Invest $50m in Avaada Energy India

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 ...

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ASEAN Energy Deregulation

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 ...

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Vestas & Utopus Pilot Energy Forecast Solutions Australia

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 ...

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MAN Energy Solutions wins Storage Highlight Award

MAN Energy Solutions receives the Storage Highlight award for its new energy management solution MAN ETES during the Energy Storage Europe 2019.  Patrik Meli, Vice President, Head of Compressor Engineering of MAN Energy Solutions, proudly received the award during the “Energy Storage Technology Highlights” ceremony, which was held at the Energy Storage Europe trade fair in Düsseldorf (Germany) on March ...

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China’s Nuclear Power Bonanza

Chinese officials say the humming economy means that no fewer than eight nuclear reactors of the million-kilowatt class must enter service each year to help keep the nation’s electricity supply in pace with demand, while not adding more pollutants to the already fragile environment. China Nuclear Power Engineering Co Ltd general manager Liu Wei told reporters that China would see its total power c ...

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Vestas Help Secure Funding For Vietnamese Wind Project

Vestas has assisted Vietnamese developer Tan Hoan Cau Joint Stock Corporation to secure funding for the 33MW Huong Linh 1 wind farm in the south-east Asian country. The turbine manufacturer's structured finance business coordinated the financiers, which included the Danish Export Credit Agency (EKF), an offshore bank and a Vietnamese bank, to provide money for the project. “By having a thorough market and c ...

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GE T&D India Win Rajasthan Grid Modernisation Order

GE T&D India Ltd, part of GE’s grid solutions business in India, today announced it has bagged a Rs 150 crore order from Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL) for modernisation of its power grid network. The technology-driven project is part of the power utility’s roadmap – called Smart Transmission Network and Asset Management System (STNAMS) -- to implement grid initiatives and augmenting ren ...

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Energy Web Foundation Surpasses 100 Affiliates 
En Route to Becoming Largest Energy Blockchain Ecosystem

Milestone includes welcoming EnBW, Total, and State Grid EV Service Co. as the Energy Web Chain approaches genesis block Zug, Switzerland, 12 March 2019 —The Energy Web Foundation (EWF) today announced it has officially signed more than 100 Affiliates. In addition to developing the enabling core blockchain technology, EWF has assembled the industry’s largest energy-blockchain ecosystem comprising diverse en ...

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AC Energy Closing in on $1 Billion Deal for Renewables

AYALA CORPORATION’S POWER ARM AC ENERGY IS LOOKING FORWARD TO CLOSE A FINANCIAL DEAL WORTH $1 BILLION FOR RENEWABLE POWER PROJECTS FOR THE NEXT 12-18 MONTHS. The planned project will have a capacity of around 800 MW and will be located in Australia, Vietnam, and Philippines. “In Australia, we are hoping to get financial close for the first half of our 700-MW solar project, so call it 350 MW. For Vietnam, I ...

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