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Exciting Times for Renewable Energy in Asia! The renewable energy landscape in Asia is buzzing with exciting developments. Malaysia and Taiwan are leading the charge with a massive 1 GW green energy project. This initiative, driven by Solarvest and GreenRock, aims to propel Malaysia towards its ambitious green energy targets for 2035. Such collaborations highlight the region's strong commitment to expanding its renewable energy capabilities and achieving sustainability goals (Energy Asia) (Energy Tracker Asia). South Korea is also making waves in the renewable sector. With an investment of $1.16 billion, Corio Generation and bp Alternative Energy Investment Ltd. are set to develop extensive wind farm projects. This investment not only strengthens South Korea's renewable energy infrastructure but also boosts its economic growth, showcasing the country's dedication to a greener future (Renewables.Asia). China, the powerhouse of renewable energy, continues to dominate the global scene. Projections indicate that China will be responsible for nearly 70% of all new offshore wind projects worldwide in 2024. This significant contribution extends to solar photovoltaic projects as well, solidifying China's leadership in clean energy expansion. The nation's relentless pursuit of renewable energy solutions underscores its crucial role in driving the global transition towards sustainable energy (Energy Tracker Asia). These developments reflect a broader trend of robust renewable energy growth across Asia, driven by both public and private sector efforts. As these projects come to fruition, they promise to play a crucial role in the region's transition to a more sustainable and resilient energy landscape. #RenewableEnergy #AsiaRenewables #GreenEnergy #OffshoreWind #SolarEnergy #MarkOffshore #AsiaEnergyVirtualHub #SustainableFuture #OffshoreWind Sources: Renewables Asia https://renewables.asia/ Energy Asia https://energy.asia/ Energy Tracker Asia https://lnkd.in/dcFRxsv

TotalEnergies and RGE Secure Conditional Approval for Solar Energy Import to Singapore TotalEnergies and RGE, through their joint venture Singa Renewables Pte Ltd, have received Conditional Approval from Singapore’s Energy Market Authority (EMA) to import 1.0 gigawatt (GW) of solar photovoltaic (PV) energy from Indonesia to Singapore. The announcement was made by Singapore’s Minister for Manpower and Second Minister for Trade and Industry, Dr. Tan See Leng, during the Indonesia International Sustainability Forum 2024. This marks a crucial milestone in advancing renewable energy cooperation within Southeast Asia, utilizing Indonesia’s vast solar resources. The imported clean energy will contribute to Singapore’s sustainability objectives, enhancing its renewable energy supply. Beyond the export to Singapore, […] Read the full story here: https://lnkd.in/d6TdrqUT #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #rge #singapore #solarenergy #solarpv #southeastasia #totalenergies

Exciting Times for Renewable Energy in Asia! The renewable energy landscape in Asia is buzzing with exciting developments. Malaysia and Taiwan are leading the charge with a massive 1 GW green energy project. This initiative, driven by Solarvest and GreenRock, aims to propel Malaysia towards its ambitious green energy targets for 2035. Such collaborations highlight the region's strong commitment to expanding its renewable energy capabilities and achieving sustainability goals (Energy Asia) (Energy Tracker Asia). South Korea is also making waves in the renewable sector. With an investment of $1.16 billion, Corio Generation and bp Alternative Energy Investment Ltd. are set to develop extensive wind farm projects. This investment not only strengthens South Korea's renewable energy infrastructure but also boosts its economic growth, showcasing the country's dedication to a greener future (Renewables.Asia). China, the powerhouse of renewable energy, continues to dominate the global scene. Projections indicate that China will be responsible for nearly 70% of all new offshore wind projects worldwide in 2024. This significant contribution extends to solar photovoltaic projects as well, solidifying China's leadership in clean energy expansion. The nation's relentless pursuit of renewable energy solutions underscores its crucial role in driving the global transition towards sustainable energy (Energy Tracker Asia). These developments reflect a broader trend of robust renewable energy growth across Asia, driven by both public and private sector efforts. As these projects come to fruition, they promise to play a crucial role in the region's transition to a more sustainable and resilient energy landscape. #RenewableEnergy #AsiaRenewables #GreenEnergy #OffshoreWind #SolarEnergy #MarkOffshore #AsiaEnergyVirtualHub #SustainableFuture #OffshoreWind Sources: Renewables Asia https://renewables.asia/ Energy Asia https://energy.asia/ Energy Tracker Asia https://lnkd.in/dcFRxsv

We are delighted to have co-hosted the workshop on Electricity Market Design for Renewables in Southeast Asia last week in Bangkok together with our partners from the CASE for Southeast Asia project and Southeast Asia Energy Transition Partnership , convening international partners and stakeholders from across the region to discuss opportunities for fast-tracked renewable energy growth.   The path to a renewable energy future in Southeast Asia is promising. By removing barriers to market entry, levelling the playing field for investment and introducing new incentives that enable power systems to fully harness their existing flexibility potential, the region can unlock significant benefits from the widespread adoption of variable renewables to drive socio-economic prosperity. Read more details here: https://lnkd.in/gu528NFq #renewables #electricitymarket #marketdesign #netzero #SouthEastAsia

The #Terra #Solar Project in the #Philippines is set to become the world's largest integrated renewable energy and energy storage project. Located about 100 kilometers from Manila on the main island of #Luzon, the project will feature a capacity of 3.5 gigawatts (GW)of solar #photovoltaic (PV) power and 4.5 gigawatt-hours (GWh)of battery energy storage. It aims to provide electricity to approximately 2.4 million households and is projected to #reduce carbon #emissions by about #3.6 million tonnes annually by #displacing #coal power generation. In September 2024, UK-based investment firm #Actis announced a strategic partnership with Manila Electric Company (#Meralco) and its subsidiary, Solar Philippines New Energy Corporation (#SPNEC), investing $600 million for a 40% equity stake in the project. This investment is noted as the #largest foreign direct investment for a greenfield infrastructure project in the Philippines, with total project costs estimated at ₱200 billion (around $3.5 billion) and expected completion by 2027. The project is part of the #Philippines' broader goal to increase renewable energy generation to 35% of total energy by 2030, reflecting the country's commitment to an #energy #transition

Week In ASEAN: Gurīn Energy Approves Final Investment Decision for Capas Solar Power Project In The Philippines; ADB and Buskowitz Solar Inc. Sign $12 Million Deal To Boost Solar Energy In The Philippines; And More Gurīn Energy Approves Final Investment Decision for Capas Solar Power Project in the Philippines Singapore-based renewable energy developer Gurīn Energy has announced today the approval of a final investment decision (FID) by its board of directors for the Capas Solar Power Project in the Philippines. This greenfield initiative will transform into a solar farm boasting a peak capacity of 39 megawatts (MW), situated in the Municipality of Capas, Tarlac. The project has secured a 40-hectare site through a 25-year lease agreement with the Philippines’ Bases Conversion and Development Authority (BCDA). The FID marks a significant advancement for Gurīn Energy’s footprint […] Read the full story here: https://lnkd.in/dU6WMMDv #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #asean #asiandevelopmentbank #buskowitzsolar #gurīnenergy #philippines #renewableenergy #solarenergy #southeastasia

To reach ambitious climate targets, Southeast Asia’s power sector must overcome key barriers to renewable energy development. Our latest report, Electricity Market Designs in Southeast Asia, examines the critical steps Indonesia, Thailand, Vietnam, and the Philippines can take to accelerate the clean energy transition. Download 'Electricity Market Designs in Southeast Asia: Harnessing Opportunities for Renewable Energy Growth in Indonesia, Thailand, Viet Nam, and the Philippines' and discover actionable strategies to: ✅ De-risk solar and wind investments ✅ Improve planning certainty ✅ Reform power purchase agreements ✅ Phase out coal and gas power justly with "Retire, Reserve, Repurpose" 🔗 Download the full report here: https://lnkd.in/gNmHXjKM #EnergyTransition #RenewableEnergy #CleanEnergy #SoutheastAsia #SIPET

📌 Bangkok, 30 April 2024 – Southeast Asian economies need to significantly accelerate the deployment of renewable energy, particularly wind and solar, to achieve net-zero emissions by 2050. This urgent call to action set the stage for a critical two-day workshop convening more than 60 key stakeholders from Indonesia, the Philippines, Thailand and Viet Nam. . The workshop was organised by “Clean, Affordable and Secure Energy for Southeast Asia” (CASE) and the Southeast Asia Energy Transition Partnership (ETP). Sessions were held on 24-25 April 2024, in Bangkok, Thailand and brought together government ministries, regulators, utilities and renewable energy producers alongside international experts. . The aim of the collaborative forum is to unlock the full potential of clean energy in Southeast Asia and foster open dialogue by providing a space for prominent stakeholders from the region to engage with each other. Participants exchanged insights on trends, challenges, and opportunities for renewable energy transitions across Viet Nam, Indonesia, the Philippines, and Thailand. . Read full recap 👉 https://lnkd.in/gu528NFq . . . #CASEforSEA | #SoutheastAsia | #EnergyTransition #ElectrivityMarket #Renewables

Did you know that by far the fastest growth in renewables across the Southeast Asia has been in Vietnam so far – with the total installed solar, hydro and wind capacity of over 46 GW? And now it will get even faster as the national energy policy in Vietnam has adapted the direct power purchase agreement (PPA) option which has a significant positive impact on bankability of the next large-scale wind and solar projects across the country. This energy policy and legislation change has been awaited for by investors, developers and consumers alike for 7 years – imagine the excitement and the momentum it holds! Notably, this change also allows for investing in and building merchant power grid connections to deliver green electricity to the respective industrial and commercial businesses who would enter such PPAs (as the electricity grid in Vietnam has not been developed yet for such large amounts of renewables in the system). Here is an article to learn more: https://lnkd.in/gtkrsynj At Theia Hub, we have researched all of the Southeast Asian markets’ electricity, transport and manufacturing sectors to identify and map out the key market, finance and technology trends – and as electrification is especially key in all of the concerned sectors, there is no doubt that this enablement of PPAs and merchant power lines in Vietnam will have a major positive impact unlocking the expected further high growth in the next renewables projects and decarbonisation of value chains that they can enable (e.g. electric transport, energy storage for manufacturing and beyond). The results of our research are published in the strategic C-level reader focussed market study here on our website (link below), where you can download the Executive Summary and sample pages from all main chapters at any time for free. Also, please do let us know if Southeast Asian decarbonisation is an area you are working with or are interested in – we would love to hear from you!     https://lnkd.in/dJBxYm54 #decarbonisation #Southeast Asia #vietnamrenewables #marketstudy Charlotte Ratcliffe Bilal Khan Victoria Tully (BA, MA) Lodovica Di Deodato Charlotte Bjørn Hansen Lana Solesen

Tripling renewable energy in Southeast Asia by 2030 is ambitious, but achievable with key reforms. Bold policy action in the region's main power system can unlock renewables investment and accelerate the clean energy transition. These are the key findings of our recent report 'Electricity Market Design in Southeast Asia: Harnessing Opportunities for Renewable Energy Growth in Indonesia, Thailand, Viet Nam and the Philippines', which was presented in our webinar yesterday. Developed in collaboration with NewClimate Institute, Energy Research Institute – Chulalongkorn University, and published as part of CASE for Southeast Asia, the report addresses key market and regulatory barriers and offers practical recommendations to accelerate the deployment of solar and wind energy in the region. 🔑 Key Insights: ✅ Strategies to attract renewable investments ✅ Essential power system design updates ✅ Steps for grid reliability and sustainability   Explore the full report here: https://lnkd.in/gSXBhGPF #AgoraEnergiewende #CASEforSEA #SoutheastAsia #EnergyTransition