Thailand backing up ambitions for energy storage

Posted on August 04, 2017. Asian News.

Author: Diarmaid Williams  Source: powerengineeringint.com The Thai government has identified energy storage as a key technology, through which it plans to provide global leadership. As both renewable energy capacity and demand continues to rise both in Thailand and globally, the country is highly motivated to facilitate the development of the sector. The Bangkok Post reports that the government plans to… Read more »

Macquarie, GIC in bid for Filipino power producer EDC

Posted on August 04, 2017. Asian News.

Author: Bridget Carter, Scott Murdoch Source: theaustralian.com.au Macquarie is ramping up its renewable energy investments by joining with Singapore’s GIC to bid for a one-third stake in a Filipino power producer. The bank’s most powerful division, Macquarie Infrastructure and Real Assets, has teamed up to lodge the offer for Energy Development Corp worth $US1.3 billion… Read more »

San Miguel unit eyes 500-MW hydro plant in Tarlac

Posted on August 03, 2017. Asian News.

Author: Chrisee Dela Paz Source: rappler.com A unit of listed conglomerate San Miguel Corporation (SMC) plans to build a 500-megawatt pumped storage hydro project in Tarlac province, once regulators approve its application for a service contract. SMC told the Philippine Stock Exchange on Wednesday, August 2, that its unit Strategic Power Development Corporation (SPDC) has a pending application with… Read more »

Goldman, Tennenbaum buy Singapore-based solar power company Conergy

Posted on August 03, 2017. Asian News.

Source: reuters.com U.S. private equity funds Tennenbaum Capital Partners LLC (TCP) and Goldman Sachs BDC (GSBD) have bought solar energy company Conergy Asia & ME Pte Ltd and its subsidiaries, Conergy said on Wednesday. Kawa Solar Holdings sold Conergy to the funds for an undisclosed sum in a transaction that closed on Tuesday, Singapore-headquartered Conergy… Read more »

Oil giant Shell invests in Singapore solar firm Sunseap

Posted on August 02, 2017. Asian News.

Author:  Ian Clover Source: pv-magazine.com Shell Technology Ventures B.V., a corporate venturing arm of petroleum giant Royal Dutch Shell, has announced today an investment in clean energy integrator Sunseap, which is headquartered in Singapore and active in the Asia Pacific solar sector. Shell’s financial commitment remains undisclosed at this point, but Sunseap Group has confirmed… Read more »

Ground-breaking ceremony for a 1.2 MW EnviTec biogas plant in the Philippines

Posted on August 02, 2017. Asian News.

Source: envitec-biogas.com Ground-breaking for the first EnviTec construction project in the Philippines: The Lower Saxony biogas supplier has started the construction of a 1.2 MW biogas plant in Candelaria, Quezon province. “In addition to this project under construction we are planning to develop and replicate more projects to help the local farmers addressing the chicken… Read more »

Meralco solicits bids for 85-MW solar deal

Posted on August 01, 2017. Asian News.

Author: Alena Mae S. Flores Source: thestandard.com.ph Manila Electric Co., the country’s largest power retailer, issued an invitation to other renewable energy developers to challenge the price offered by Citicore Power Inc. for the supply of up to 85 megawatts from three solar power plants at P3.50 per kilowatt-hour. Meralco said in a published invitation… Read more »

Vietnam shines for Chinese solar

Posted on August 01, 2017. Asian News.

Source: renews.biz Chinese company GCL System Integration Technology has opened a solar cell manufacturing plant in Vietnam in collaboration with local outfit Vina Cell. GCL said the plant, which has capacity of 600MW, will develop solar cells for international markets, in particular the US and Europe. The company said the cells have a 20.3% average efficiency, with… Read more »

AC Energy ends geothermal asset deals with Chevron for Indonesian expansion

Posted on July 31, 2017. Asian News.

Author: Jeanne Paulin Atienza Source: powerphilippines.com Ayala corporation energy subsidiary ac energy international has concluded its geothermal assets with chevron philippines to widen its participation in indonesia, for which it has recently signed an accompanying number of renewable projects with indonesian power collective upc renewables asia. AC Energy closed its deal in a development funding… Read more »

Legal framework, roadmap needed for Việt Nam’s wind power

Posted on July 31, 2017. Asian News.

Source: vietnamnews.vn Việt Nam needs to develop a legal framework and feasible roadmap to turn its wind energy potential into reality, which will help to meet the country’s rapidly rising electricity demand, experts have said. Tobias Cossen, head of GIZ’s project on supporting the up-scaling of wind power said that Việt Nam has great potential… Read more »