News

Various renewable news websites reported in the middle of this April that Paramount Textile Ltd. (PTL) had acquired a 49% stake in Dynamic Sun Energy Private Ltd. and now plans to form a joint venture with Dynamic Sun Energy to develop a 100MW PV project in Bangladesh. As its name indicates, PTL is a Bangladeshi textile manufacturer, but it also operates power plants and is branching into other businesses. The majority stakeholder of Dynamic Sun Energy is India’s Shapoorji Pallonji Infrastructure Co. (SPInfra). ...  more

Renewable energy news websites have reported that Austrian company CLEEN Energy AG is working to obtain around EUR 7 million in fresh capital for financing the development of PV projects. CLEEN provides a wide range of equipment and technological solutions including LED lighting, energy storage, and electric mobility. The company is based in the Austrian town of Haag and listed on the Vienna Stock Exchange. ...  more

The Executive Yuan's version of the "Climate Change Response Act" was finally sent to the Legislative Yuan and today (4/28) a public hearing on the revision of the climate law was held at the Social Welfare and Environmental Hygiene Committee. In this regard, environmental groups called for the establishment of ministries' powers and responsibilities and an effective carbon fee. It is necessary to have an implementation and management mechanism and expand its use and to plan for a short-term carbon fee and a long-term carbon tax. ...  more

Bank SinoPac is promoting a green electricity trading network and has introduced a trust structure to promote mutual trust between green energy generation, electricity sellers, and electricity purchasers. ...  more

EV battery leader CATL released its annual report for 2021 on April 21. According to the report, CATL’s annual revenue exceeded RMB 10 billion for the first time thanks to the rapid growth of the EV (or NEV) industry. On the same day of the publication of the annual report, CATL also issued another notice stating that it will invest no more than RMB 13 billion to build a battery production complex in Xiamen, a city in China’s Fujian Province. ...  more

Taishin Holdings partnered with the Taiwan Institute for Sustainable Energy to hold the "Taishin 30 Sustainable Net Zero Summit Forum" today. Chairman Wu Tong-Liang stated that Taishin aims to achieve 100% net zero emissions from "office locations" by 2030 and emphasized that, when facing the issue of climate change, no one is an outsider. As long as they are willing to do their part for the earth, he believes that everyone can become a hero to resolve the climate crisis. ...  more

Under the shadow of the Russian-Ukrainian war, countries are striving to safeguard energy supply. A plan for a 725-kilometer-long submarine cable connecting the UK and Germany has made new progress. At present, more than GBP1.5 billion of contracts have been signed and the project is expected to start this year. ...  more

Power for electric vehicle has so far often flowed in one direction—from the charging device to the vehicle but this will soon change with vehicle-to-grid (V2G, vehicle-to-grid) applications. ...  more

In Vietnam, the Ministry of Industry and Trade (MOIT) has submitted the revised draft of “National Power Plan for 2021-2030 and Achieving 2045 Targets (PDP8)” to the Office of the Prime Minister. The content of the revised draft is expected to help the Vietnamese government expedite its efforts to fulfill the pledge made at COP26 to phase out coal-fired generation by 2040 and achieve net-zero carbon emissions by 2050. This story was first reported by news outlets in Vietnam and around Southeast Asia on April 15. ...  more