Project drives next phase of Sonnedix expansion in Japan

Posted on April 16, 2019. Asian News.

Source: https://www.pv-magazine-australia.com Sonnedix Japan K.K. (Sonnedix Japan) has announced financial close on a JPY 14.2 billion (EUR 113.9 million) project financing with Sumitomo Mitsui Trust Bank, Limited (SMTB) for the 36.4 MW Kurayoshi solar PV plant. The 36.4 MW Kurayoshi solar PV plant is located in the Tottori Prefecture. The ‘Notice to Proceed’ was issued to… Read more »

Mega First mulls Malaysian renewable energy venture

Posted on April 16, 2019. Asian News.

Source: https://www.theedgemarkets.com AS construction of its maiden hydropower project in Laos nears completion, Mega First Corp Bhd is looking closer to home for options in the power sector, specifically in renewable energy. “Currently, the source of renewable energy that we would consider exploring would be solar [energy],” its director Yeow See Yuen told The Edge in… Read more »

ING closes first ASEAN green loan for 50MW rooftop solar projects

Posted on April 10, 2019. Asian News.

Source: https://sbr.com.sg The bank is acting as the sole mandated lead arranger for the $50m loan. ING sealed the first green loan in ASEAN for a portfolio of rooftop solar projects as part of its growing push towards sustainable finance. Acting as sole mandated lead arranger, the $50m loan will be used to finance approximately 50MW… Read more »

Promoting rooftop solar energy in Vietnam

Posted on April 10, 2019. Asian News.

Source: http://en.nhandan.org.vn NDO – Southern Vietnam is anticipated to face power shortages of up to 3.7 billion kWh in 2021, nearly 10 billion kWh in 2022 and approximately 12 billion kWh in 2023, according to Electricity of Vietnam (EVN). Therefore, the development of solar energy projects including rooftop solar power is considered one of the solutions… Read more »

Myanmar-focused startup SolarHome raises $1m from SG-based Trirec

Posted on March 25, 2019. Asian News.

SolarHome, a Singapore-headquartered solar energy startup that serves off-grid households in Myanmar, has secured a $1-million equity investment from existing investor Trirec, a Singapore-based investment holding company that targets renewable energy and clean technology investments. The follow-on financing by Trirec forms the first tranche of SolarHome’s Series A fundraise that it intends to close within the… Read more »

EGAT TO OPEN BIDDING FOR WORLD’S LARGEST HYBRID POWER PLANT IN MAY

Posted on March 25, 2019. Asian News.

Source: https://news.thaivisa.com The Electricity Generating Authority of Thailand (EGAT) will open a bidding for a floating solar power plant and hydro power plant in hybrid systems at Sirindhorn dam in May. Energy Minister Siri Jirapongphan said his agency has instructed the EGAT to pursue the 2018 Power Development Plan (PDP) by proceeding with the Hydro-Floating Solar… Read more »

GE scouting for pumped storage hydro investment opportunities

Posted on March 14, 2019. Asian News.

Source: https://eu.philippinesnews.worldtimes.news Multinational industrial giant GE is exploring investment opportunities for pumped storage power stations (PSP) where it can align itself as equipment supplier in such facilities’ construction and development. “We’re trying to look at pumped storage (for hydro)…we look for opportunities, depending on the potential,” GE Philippines Chief Executive Officer Jose Victor Emmanuel de Dios… Read more »

MRC Allied starts work on mall’s solar rooftop

Posted on March 14, 2019. Asian News.

Source: https://www.bworldonline.com/mrc-allied-starts-work-on-malls-solar-rooftop/ MRC ALLIED, Inc. has broken ground on a 1.1 megawatt (MW) solar photovoltaic rooftop project in one of the malls in Mindanao through its subsidiary Menlo Renewable Energy Corp. (MREN), the listed company said on Tuesday. “Under the MoA (memorandum of agreement), MREN will be the project developer and owner of the solar facility… Read more »

Meralco eyes solar hybrid projects outside franchise

Posted on March 11, 2019. Asian News.

Source: https://www.philstar.com MANILA, Philippines — The power generating unit of Manila Electric Co. (Meralco) is exploring the development of solar-hybrid projects outside its franchise area. Meralco Powergen Corp. (MGen) is also looking at co-developing large scale hybrid solar and storage projects. This is part of its focus on a portfolio of utility scale solar generation projects… Read more »

Jetion wins 50MW order for Vietnam solar project

Posted on March 11, 2019. Asian News.

Source: https://www.pv-tech.org/ Jetion has won a 50MW order from Helio Power for the Thuan Minh 2 Solar Farm in Vietnam. The firm’s subsidiary, CNBM New Energy, will serve as the engineering, procurement and construction (EPC) contractor. CNBM and Helio Power signed a 500MW cooperation agreement, of which this deal represents the first portion. “We are proud to… Read more »