Four Korean firms to invest $4.4bn in Philippine energy sector

Posted on June 12, 2018. Asian News.

Source: The Philippines Department of Energy has received letters of intent (LoI) from four Korean companies to invest a total of $4.4bn in various energy projects in the country. The companies SK Engineering & Construction, Sy Enc, BKS Energy Industry and SK E&S formally submitted their LoIs during the Philippines-Korea Business Forum. Philippines Department of… Read more »

Vietnam clears 79.5 MW of wind, solar projects – report

Posted on June 12, 2018. Asian News.

Source: Wind and solar projects with a combined capacity of 79.5 MW have been given the green light by provincial authorities in Vietnam, Viet Nam News reports. The People’s Committee of central Quang Tri Province on Friday awarded permission for the construction of a 30-MW wind park in Huong Hiep Commune, Dakrong district. The so-called… Read more »

Solar Philippines set to finish big projects

Posted on June 08, 2018. Asian News.

Source: Solar Philippines is looking to complete solar projects with a combined output of 400 megawatts this year, including those in off-grid areas, an official said Wednesday. “Among the projects that we are completing and constructing already now, we’re looking at 400 MW by the end of this year. Tarlac, Cavite, Batangas, and our smaller… Read more »

Malaysian government urged to review ‘fast track’ large-scale solar projects

Posted on June 06, 2018. Asian News.

Source: Industry group also wants the government to focus its efforts on the development of practical and affordable systems The Malaysian Photovoltaic Industry Association (MPIA) is urging the newly elected Malaysian government to expedite rooftop solar energy systems because of their potential energy generating capacity, and at the same time to address “serious shortcomings”… Read more »

China putting major brakes on solar deployment as new market rules imposed

Posted on June 06, 2018. Asian News.

Source: No sooner than all of the huge exhibition stands at SNEC 2018 were dismantled last Thursday, China’s regulatory organisations overseeing the solar industry, instigated new policies Friday that could have a similar effect on the utility-scale and distributed generation (DG) markets in the country. In a co-ordinated move, The National Development and Reform… Read more »

Macquarie floats 1GW Korea plan

Posted on June 05, 2018. Asian News.

Source: Macquarie Group is teaming up with South Korean company Gyeongbuk Floating Offshore Wind Power to jointly develop a 1GW floating wind project off the coast of the Asian country. The partners have signed a memorandum of understanding to work on a project 50km off the coast of Pohang and Ulsan in South Korea. No… Read more »

Vietnam eyes green ambitions with targets for solar, rare earth

Posted on June 05, 2018. Asian News.

Source: VIETNAM plans to more than triple the amount of electricity it produces from renewable sources and push for a 26 per cent increase in household solar energy usage by 2030, Prime Minister Nguyen Xuan Phuc told Reuters in an interview. Speaking ahead of Vietnam’s participation in the expanded G7 summit that will be held… Read more »

Singapore blockchain electricity marketplace inks partnership with Chinese energy giant

Posted on June 04, 2018. Asian News.

As countries in Asia further liberalise their energy policies, ELECTRIFY wants to leverage blockchain to become the go-to marketplace ELECTRIFY, a Singapore-based marketplace for electricity, announced today a partnership with Narada Asia Pacific Pte Ltd. to offer transparent and real-time energy trading across the Asia Pacific. With the deal, the goal is deploy an energy pricing… Read more »

China’s first tidal power unit connected to grid for one year

Posted on June 04, 2018. Asian News.

Source: HANGZHOU, June 1 (Xinhua) — China’s first tidal power station has been connected to the grid for a year, the longest stable use of the renewable energy, according to the developer. The 3.4 mega-watt generating unit built by Hangzhou Lin Dong Ocean Energy Technology Co. Ltd. in Zhoushan City, east China’s Zhejiang Province, has… Read more »