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China’s Kstar to manufacture 1 GW of solar inverters in Vietnam

Chinese power conversion expert Shenzhen Kstar Science And Technology Co Ltd (SHE:002518) is building a gigawatt-scale solar inverter production facility at a new USD-22-million (EUR 20.8m) manufacturing base in Northern Vietnam. The base will be constructed in two phases on a 47,715-sq-m (513,600 sq ft) area in the port city of Haiphong. The Kstar Vietnam Project Phase I includes the addition of production ...

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$5 billion plan seeks to export up to 4 TWh of renewable energy annually from Indonesia to Singapore

Singapore electricity retailer Union Power Pte Ltd has been appointed as distribution partner for a proposed $5 billion project promoted by Anantara Energy Holdings Pte Ltd (Anantara) to generate renewable energy in Indonesia and export up to 4 TWh of it to Singapore. Anantara's project involves generating up to 3.5 GW of solar photovoltaic (PV) energy from a 4,000-hectare site in the Riau Islands and a bat ...

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NEFIN, to help generate renewable energy for Celestica facilities in Malaysia

More than 8,000 combined units of solar panels across two Celestica facilities will generate 95,400MWh renewable energy The NEFIN Group (NEFIN), is a premium green independent power producer (IPP) offering bespoke carbon-neutral technologies & financing solutions all over the Asia Pacific. With NEFIN's cutting-edge carbon neutrality solutions, the group is positioned to help generate renewable energy fo ...

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Ib Vogt partners on 1GW Asian PV platform

German developer Ib Vogt and ACEN have agreed to set up a platform to fund the construction and operation of at least 1GW of solar plants throughout Asia, subject to applicable regulatory approvals.   The joint venture partners will focus on late-stage, shovel-ready projects in Indonesia, Vietnam, Malaysia, Laos, Bangladesh, and other countries in the region.   The majority of projects will stem f ...

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ACEN to buy 49% stake in Vietnam solar energy platform

AC Energy Vietnam Investments Pte. Ltd. (ACEV) forged a share purchase agreement to acquire a 49% interest in Solar NT, which is a solar energy platform owned by the Thai firm’s subsidiary Super Energy Group (Hong Kong) Co., Ltd. “The transaction will be via secondary shares acquisition for a total consideration of US$165 million,” ACEN said in the disclosure. “Post-restructuring, Solar NT will own and oper ...

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Singapore pumps $12.4 Billion into Indonesia’s Green Economy

Singapore will be investing US$9.2 billion (S$12.4 billion) to support green investment and build a logistics port hub in Indonesia, President Joko Widodo said. The money, he said, will fund renewable energy projects in Batam, Riau Islands province, and in Sumba island and West Manggarai in East Nusa Tenggara province, as well as the development of a logistics hub in Jakarta's Tanjung Priok port, the countr ...

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Diode Ventures Launches Large-Scale Renewable Energy, Data Infrastructure Partnership in South Korea

Green infrastructure developer signs joint venture agreement with Energy Innovation Partners to develop and build projects across Korea   The Republic of Korea runs on several energy-intensive industries, but a lack of sufficient natural resources means that Asia's fourth-largest economy is forced to import nearly all its energy even as it works toward aggressive net-zero goals. To answer the country’s ...

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Renewable costs in Asia rise, but still close in on Fossil Fuels!

While renewable power in Asia Pacific was also hit by cost inflation last year, it managed to gain competitiveness against fossil fuel power, Wood Mackenzie said this week. Amid a power crisis caused by high demand and supply chain tightness, costs of coal and gas power rose by 19% and 46% respectively, the analyst firm estimates. At the same time, the average levelised cost of electricity (LCOE) for new so ...

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Australia’s largest battery storage system online

The Victorian Big Battery in Geelong, Australia. Image: Victoria State government. The Victorian Big Battery, a 300MW / 450MWh lithium-ion battery energy storage system (BESS) in Australia, has been officially opened by the Minister for Energy, Environment and Climate Change for the state of Victoria. Minister Lily D’Ambrosio said her government was “proud to flick the switch on Australia’s biggest battery ...

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BayWa r.e. completes construction and sale of first South Korean solar project

Global renewable energy developer, service provider and distributor, BayWa r.e., has completed construction of its first solar park in South Korea and the project is now fully operational as part of the company’s ambitious expansion across Asia Pacific. Adding the 1 MW ground-mounted solar project to the grid in Cheorwon-gun, Gangwon-do sets the stage for upcoming solar and wind projects in Korea. This was ...

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