News Clipping Archive - Page 1197 of 1232

Renewables

Singapore launches blockchain-based renewable energy marketplace

16 November 2018

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Singapore

Companies keen to offset their carbon emissions will be able to purchase renewable energy certificates at Singapore’s first blockchain-powered marketplace, launched by electricity provider SP Group.

A blockchain-based marketplace in renewable energy certificates (RECs) has been launched in Singapore, looking to help local and international organizations meet their sustainability goals.

The platform was launched by SP Group, which owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia.

“Through blockchain technology, we enable companies to trade in renewable energy certificates conveniently, seamlessly and securely, helping them achieve greener business operations and meet their sustainability targets,” SP’s Chief Digital Officer, Samuel Tan said.

Blockchain, an immutable distributed ledger of transactions, is believed to hold big potential for streamlining the REC administration process, given that current systems for RECs and carbon credits are mostly hindered by long and costly audits.

By implementing blockchain, the accounting process for trading REC is replaced by a transparent, auditable and automated record, potentially paving the way to the greater integration of renewable energy sources on the electricity grid.

SP Group has opened its platform for all types of companies – regardless of size, business or location, with first users already on board.

Singapore-based real estate company City Developments Limited and DBS Bank signed up as first buyers of certificates. Solar developers Cleantech Solar Asia and LYS Energy Solutions, with local and regional solar assets, meanwhile, have signed a collaboration with SP to place their solar assets on the marketplace for the sale of RECs.

“By having our 120 solar sites in Asia on board this platform, we can now allow consumers, who are unable to generate their own renewable energy, another reliable solution to achieve their clean energy goals,” said Raju Shukla, Executive Chairman, Cleantech Solar Asia.

Katoen Natie Singapore, a global chemical logistics company, which is launching Singapore’s largest single unit rooftop solar facility at a warehouse, has also registered as a REC seller.

“We are very excited to be part of the SP REC marketplace. We are launching a 6.8 MWh Solar Power Facility in Singapore this week. The SP REC marketplace gives Katoen Natie access to a broader ecosystem to drive sustainability,” said Koen Cardon, CEO of Katoen Natie Singapore.

Overall, the concept of trading RECs on a blockchain-based platform is considered attractive, as it offers an opportunity even for small rooftop solar installations to participate in REC markets based on the peer-to-peer trading model.

A similar platform has been developed in the U.S. to enable tracking and trading of RECs at the kilowatt-hour scale. The project has been initiated in partnership between the Energy Web Foundation and PJM Environmental Information Services, a subsidiary of grid operator PJM Interconnection.

Another blockchain project, related to tracking and trading carbon offsets, is being run in a solar PV and battery equipped garage in the city of Santa Clara, California.

In this case, blockchain tracks how much power is generated and used by electric vehicles at the garage, and automatically digitalizes and issues low carbon credits that are sold to big firms seeking to offset their carbon emissions. Perth-based blockchain startup Power Ledger and Chicago-based startup Clean Energy Blockchain Network are behind the project in partnership with municipal utility Silicon Valley Power.

Renewables

The Blue Circle to add wind power to Cambodia’s energy production

16 November 2018

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Cambodia

Energy security is Cambodia’s next burning challenge. But The Blue Circle Chief Executive Officer Olivier Duguet has a novel solution to fix energy security woes in Cambodia.

Wind energy is another option for resources-rich Cambodia, he said.

Duguet said wind energy can complement other cleaner renewable energy such as solar and hydropower, which is vital for the Kingdom.

“Wind energy is not only for rich countries or countries with a big population. It is suitable for countries like Cambodia. It is affordable, stable and can complement other energy sources,” he added.

Countries with similar gross domestic product per capita in Africa or Asia have already more than 150MW installed of wind capacity each (Senegal with 158MW and Pakistan with 792MW), he said.

Cambodia has come a long way in energy transformation – shifting from dependence on diesel and heavy fuel about a decade ago to a different energy mix – hydropower and electricity from coal-fired power plants.

For instance, in 2011 diesel and heavy fuel oil produced 89.2 percent of the country’s electricity needs, but it felt drastically to merely 8.7 percent by 2016.

Today, electrification program nationwide has been successfully implemented covering about 70 percent of the country.

In addition, the Ministry of Mines and Energy has set ambitious targets.

All Cambodian villages to have electricity supply by 2020 and by 2030, at least 70 percent of households will have access to grid-quality electricity.

Despite the achievements, industry experts are calling for a balanced energy mix to ensure there is sustainable energy supply to meet the country’s power demand which is expected to increase due to rising population and growing economy.

“Over six million people do not yet have access to grid-quality electricity in Cambodia.

Source: Blue Circle

“Cambodia currently depends mainly on large scale hydropower and fossil fuels and its power development plan to 2030 continues that dependence,” said WWF’s (World Wide Fund for Nature) Cambodia Renewable Energy Report 2016.

At the “Inspire ASEAN 2018 – Powering Cambodia with Wind and Solar” conference held in Phnom Penh last Wednesday, energy experts said it is time for Cambodia to diversify its power production.

The country’s energy mix is not balanced, as there is over dependence on hydropower, which makes up roughly 47 percent of the energy generation, while 19 percent of electricity is still imported from Vietnam and Thailand.
Besides, other flaws like lack of a competitive electricity market, costly power rates and absences of a dedicated renewable energy targets hinder the sector’s performance.

With electricity consumption forecast to grow at about 9.4 percent annually until 2020, industry experts are calling for a balanced energy system and shift away from carbon-heavy fossil fuels like coal, oil and gas to more renewable energy, such as solar and wind.

“Wind power brings added value for the energy economy and Cambodia can achieve energy independence and replace part of its imported power from neighbouring countries,” said Duguet at the conference.

According to The Bluce Circle, Cambodia has potential to generate about 500 MW wind power because of its weather conditions.

The Singapore-based renewable energy developer is currently carrying out feasibility studies for a 13 MW pilot project in Kampot, Sihanouk and Mondulkiri.

“Cambodia is situated in an area where the Asian monsoons prevail. The Blue Circle has installed three meteorological masts since 2015, to acquire long-term wind data; has secured sites and can now confirm Cambodia’s wind power potential at a competitive cost,” he added.

Wind power can bring significant socioeconomic benefits – create green jobs, boosts local tourism, maintenance center provides job opportunities and reduces carbon dioxide emissions.

Blue Circle’s chief development officer Gilles Beau told the Southeast Asia Globe magazine’s report “Future Energy” that time is ripe for Cambodia to tap renewable energy.

“Technology is ready, its cost competitive, there are plenty of renewable resources in Cambodia between solar, wind and hydro, and it is time for Cambodia to unlock its potential,” said Beau.

Renewables

Renewable energy projects raise awareness

16 November 2018

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Cambodia

An Australian organisation running renewable energy projects in five provinces in collaboration with the Energy and Environment ministries plans to expand them to other provinces.

Bridget McIntosh, country director of EnergyLab, said that the three-year projects started last year in Kampot, Kandal, Svay Rieng, Takeo and Prey Veng provinces.

She told reporters in Phnom Penh on Friday that the organisation will expand the project to other provinces if the five pilot ones are successful.

Ms McIntosh noted that people can use wind, sunlight and biomass to produce energy.

“I urge the Cambodian government to encourage more people to use renewable energy, which is cheaper because the cost of renewable energy is much lower than other technology,” she said. “So new investment to meet Cambodian electricity needs can come from solar power.”

Environment Ministry spokesman Neth Pheaktra said yesterday that people need to see that they can save money or increase their profits by investing in more energy efficient equipment.

They also need to be confident that the technology is reliable, he added.

“The role of youth is particularly important there. They will buy the houses, the vehicles, the machines of tomorrow, and their choices will drive the market,” he said. “This is why the Ministry of Environment made environmental education a key priority.”

Mr Pheaktra said that the government is working to introduce regulations and incentives to promote energy efficiency in various sectors, noting that the switch to energy efficient machines first requires a change in consumer behaviour.

“We can work together in public-private partnerships to raise awareness on the benefits of energy efficiency, and the solutions that are available to make it happen,” Mr Pheaktra said.

He added that Cambodia’s energy needs are growing fast. Demand for electricity has grown at an average rate of 19 percent per year over the last 15 years, he said.

Renewables

Automative parts company to buy geothermal power from EDC in the Philippines

16 November 2018

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Philippines

EDC signed a 2-year power purchase agreement with automative parts company Continental Temic Electronics in the Philippines under which it well sell 2.7 MW of power from the BacMan geothermal power plant starting December 2018.

As reported this morning from Manila, global automotive parts company Continental Temic Electronics Philippines signed power purchase agreement with Energy Development Corp. (EDC) for the supply of clean and reliable power for its facilities in Calamba, Laguna.

Under the agreement, EDC will supply Continental Temic with 2.7 MW of geothermal power from EDC’s BacMan geothermal project starting Dec. 26, 2018 over a two-year period

“We chose EDC for its 100-percent renewable energy and for its sustainability programs, which are aligned with our company values,” said Continental Temic general manager Glenn Everett.

Continental Temic develops and manufactures components, modules and systems for the automotive industry. Its corporate strategy is focused on climate protection and energy efficiency. “We firmly believe that Filipinos should have more clean energy options. We are encouraged that clean and sustainable energy is gaining traction in the Philippines,” EDC president Richard Tantoco said earlier.

Source: Manila Standard

Renewables

Ansaldo Energia revs up energy development in Indonesia

16 November 2018

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Indonesia

It is willing to offer top technologies to customers in Indonesia as its power market is expected to grow at a tremendous rate.

Ansaldo Energia has been active in Indonesia for over 20 years and has two recent installations in the country.

It has recently completed the supply of two gas turbines in Grati Power Plant in Central Java, having finished commissioning in June 2018 for PLN. In December 2017, Ansaldo Energia played a crucial role as full EPC in the rehabilitation of a geothermal power plant at Kamojang site by substituting the existing turbine and generator with a new one manufactured in their Genova factory for Indonesia Power, a subsidiary of PLN.

Aldo Canepa, new units sales, vice president Asia Pacific, Ansaldo Energia, said that there are several market opportunities in Indonesia, and that the company’s major drive for their presence in the country is the installation of gas and geothermal turbines. After having completed the two gas turbines and the rehabilitation of the geothermal power plant, Canepa said that Ansaldo Energia is now working with different customers to develop new initiatives and then collect new business opportunities from the field.

In the geothermal space, Canepa said that the company is able to provide a full range of geothermal turbines that generate 20MW up to 110MW. At present, it is exploring several partnerships with stakeholders across all power sectors, which includes independent power producers (IPPs).

In particular, the company prides itself in its GT26 and GT36 turbines, which have a flexibility and efficiency that can fit well in the Indonesian grid. According to Canepa, gas in Indonesia is frequently used to fuel peaker power plants, and the GT26 and GT36 can perfectly operate with high efficiency at full and partial loads.

Because of a unique sequential combustor technology, the GT26 and GT36 turbine offers low emissions, a high turn-down capability, and high fuel flexibility. The high turn-down capability of these turbines enlarge the emission-compliant operation window, and thus increases the options for the power plant operator as compared to other combustion technologies.

Ansaldo Energia partnered with Shanghai Electric to deliver gas turbines to the wider Asian region, China in particular. Canepa said that they are also exploring other markets and identifying the best strategy for expansion.
Ansaldo Energia is involved in an integrated business model for turn key construction of power plants, power generation equipment, manufacturing and services, and services related to nuclear business. In Indonesia, the company’s representative office focuses on opportunities such as for EPCs, OEMs, and related maintenance services with major state utilities like PLN, its subsidiaries and IPPs now approaching the Indonesian market.

Energy Economy

Sindicatum Blockchain Technologies launches renewable energy investment platform Reneum

16 November 2018

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ASEAN

Paris, 12 November 2018. Singapore-headquartered Sindicatum Blockchain Technologies today launched its Reneum platform at the Paris Peace Forum. Reneum’s aim is to mobilise additional investments in renewable energy of $100bn by 2030, when 60 per cent of the world’s energy use should come from renewable sources if we don’t want to all fry from climate change.

Reneum is the only project from Singapore, and one of only a handful of projects from the Association of Southeast Asian Nations (ASEAN) countries selected to be showcased at the Paris Peace Forum.

Sindicatum’s Reneum platform is open for business from today: It is fully operational and can be accessed via https://www.reneum.com/. It welcomes solar, wind or geothermal renewable energy projects of all sizes around the world, as well as selected other renewable energy projects. Projects can check their eligibility and sign up via our website.

Once projects are accepted on Reneum’s platform, they will be issued one Reneum token for each megawatt-hour of renewable energy that they produce. Renewable energy generators can sell Reneum tokens to buyers of renewable energy including corporations, governments, institutions and individuals and/ or, by June 2019, via selected crypto-currency exchanges.

Reneum tokens are designed to be sought after, in particular, by companies serious about being powered by renewable energy and with credible sustainability targets, e.g. under the RE 100 initiative or equivalent local and regional initiatives anywhere.

Reneum is here for everyone’s better future

Our ambition is that all the world’s renewable energy projects— existing, planned or dreamt about—are able to realise their full true value and so outcompete fossil fuel.

At present, it’s the producers of clean energy that must prove that they’re doing good; meanwhile, the real costs of fossil fuels are left unchallenged. Reneum is out to give consumers the means to change that. Our disruptive approach reduces transaction costs and provides a new way forward for renewable energy, helping to build a thriving community of buyers and producers connected directly to one another: Our technology will help to build trust in renewable projects big and small, without the need for a central authority or intermediaries.

By establishing a truly reflective price signal, Reneum aims to help give renewable energy its real value—one that embodies the positive impacts that clean energy has upon the climate, human health, decentralised economic growth, job creation and social inclusion.

What we do

We create new demand for renewable energy and offer a trusted way for everyone to buy it: Reneum offers a system of renewable energy credits, stand-alone and unbundled energy attribute certificates, built on the immutable record of the blockchain. It is the standardized product that the market needs—one with the integrity and transparency to build confidence among corporations, governments, institutions and individuals.

About Sindicatum Blockchain Technologies

Sindicatum Blockchain Technologies is an affiliate of Sindicatum Renewable Energy (SREC), the Singapore-headquartered growth-oriented renewable energy independent power producer. SREC develops, owns, operates and acquires contracted clean power generation facilities in high-growth emerging markets in South and Southeast Asia and is currently building and operating 1,000 MW of renewable energy projects in India, Thailand, Indonesia and the Philippines. www.sindicatum.com.

About the Paris Peace Forum

The Paris Peace Forum is a new annual event based on a simple idea: international cooperation is key to tackling global challenges and ensuring durable peace. To support collective action, it gathers all actors of global governance under one roof for three days—states, international organisations, local governments, NGOs and foundations, companies, experts, journalists, trade unions, religious groups and citizens. Through original formats of debates and the presentation of solutions, it demonstrates there is still a momentum for multilateralism and a better organisation of the planet, both among states from North and South and civil society actors.

The original impetus for the Paris Peace Forum came from French President Emmanuel Macron. The Forum is organised by an NGO founded in 2018 by the Körber Foundation, the Mo Ibrahim Foundation, the Institut français des relations internationales, the Institut Montaigne, Sciences Po and the French Ministry for European and Foreign Affairs.

https://parispeaceforum.org/about/

Contact

CEO and Interim CTO: [email protected]

SVP Partnerships: [email protected]

80 Anson Rd, #28-02, Fuji Xerox Towers, Singapore 079907

www.reneum.com

Oil & Gas

Malaysian oil and gas products, services tap into Middle East market

16 November 2018

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Malaysia

This year is MATRADE’s fifth participation in the annual oil and gas exhibition.

MATRADE has continued to create greater awareness and visibility on Malaysia’s capabilities and expertise in providing world class oil and gas products and services through participation in Adipec 2018.

This year is MATRADE’s fifth participation in the annual oil and gas exhibition in Middle East, which runs from November 12 to 15.

Among the local expertise to be featured include radiation management and consultancy services to the oil and gas, and mineral processing industries, specialist engineering of well integrity & rehabilitation, fabricate DNV offshore container/portable offshore unit intended for oil and gas industry, design and manufacture of Waste Heat Recovery Unit (WHRU), oil & gas upstream exploration & production consultancy services, manufacturing of Perlite Insulation Material and ICT Solutions for oil & gas Health Safety Environment (HSE), Human Resource (HR) and Operation requirements.

Others are manufacturer, stockists and trader of pipes, fittings, flanges, valves, and other components, installation, commissioning, calibration and maintenance and trading of engineering work and equipment.

Three of the seven emirates have launched licensing rounds in 2018, offering discovered and prospective oil and gas resources as reported by Fitch Solutions. These prospects for exploration are improving markedly, as the emirates look to garner increased foreign and private participation in the sector. The Abu Dhabi National Oil Company (Adnoc) will significantly expand its refining and petrochemical operations at Ruwais and undertake highly targeted overseas investments to secure greater market access. Furthermore, the rise of potential oil & gas industry in Africa region will offer additional opportunities to the oil and gas industry.

Africa continues to show substantial growth with new hydrocarbon provinces developing at a significant pace. MATRADE, as Malaysia’s trade promotion agency, has identified numerous exports opportunities for Malaysian companies through these forecasts.

According to Mr. Wan Azhamuddin Jusoh, Deputy Director of Oil and Gas, Chemical and Energy Section at MATRADE, Adipec is expected to continue the promising sentiment built since last year. “Opportunities in the sector are expected to grow and for that, Malaysian companies are encouraged to actively engaged in the market,” he said.

In 2017, the total exports of oil and gas products to UAE were valued at $58.7 million and accounted for a share of 2.1 per cent of total exports worldwide. Last year’s main exports of oil and gas products from Malaysia were light petroleum distillates, petroleum spirit for motor vehicles and oils and other products of distillation of high temp coal tar.

Coal ,
Renewables

Renewables edging out coal in South-East Asia

16 November 2018

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Indonesia ,
Philippines ,
Vietnam

[MANILA] Within a decade, Indonesia, the Philippines and Vietnam will find it cheaper to create new solar cell capacity than keep existing coal-fired power plants running to generate electricity, says a new report.

Power generation from renewable sources is crucial to meeting the key goal of the 2015 Paris Agreement to maintain global average temperature rise well below 2 degrees Celsius by reducing carbon emissions, mostly from burning coal and other fossil fuels.

Released last month (29 October) by Carbon Tracker, an independent London-based think tank, the report also predicts that by 2029, running Vietnam’s existing coal-fired power plants would be costlier than building onshore wind power capacity.

“Renewable indeed is a new challenge, but it could also be an opportunity for them to develop new generating capacity”

Agus Sari, Landscape Indonesia

Matthew Gray, author of the report and head of power and utilities at Carbon Tracker, tells SciDev.Net that he focused on the three South-East Asian countries to produce a “scenario analysis based on the Paris Agreement”.

If these three signatories to the agreement are to help limit temperature increase, they will need to phase out coal. However, according to the report, this means that coal power plant operators in these countries collectively risk losing up to US$60 billion in “stranded value”, a concept introduced by Carbon Tracker.

Stranded assets revolve around the idea that fossil fuel supply and generation resources, at some point before the end of their economic life, are no longer able to earn (e.g. lower demand scenario) as a result of changes associated with the transition to a low-carbon economy.

An average coal unit in the three countries will be retired in just 15 years, instead of the 40 years it is estimated to last. Indonesia alone has stranded assets worth US$35 billion that are at risk, the report says.

News Clipping

Reneum is here for everyone’s better future

What we do

About Sindicatum Blockchain Technologies

About the Paris Peace Forum

Contact

This year is MATRADE’s fifth participation in the annual oil and gas exhibition.

“Renewable indeed is a new challenge, but it could also be an opportunity for them to develop new generating capacity”

Agus Sari, Landscape Indonesia

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