Union Energy Group CEO Ellen Teo says Singapore’s electricity market is facing disruption with newcomer Union Power paving the way for more competitive pricing and sustainable energy solutions.
Union Energy Group CEO Ellen Teo says Singapore’s electricity market is facing disruption with newcomer Union Power paving the way for more competitive pricing and sustainable energy solutions.
A growing power demand in India and Southeast Asia offers prime opportunity for solar energy players as industry forces, together with pro-solar Government incentives, deliver cheaper solar PV systems. According to Roland Berger, utility-scale solar is predicted to take off in Southeast Asia, with approximately 20 GW of new capacity by 2035, including some large projects with capacities of more than 100 MW.
Global RE-INVEST India-ISA Partnership Renewable Energy Investors Expo held its second meet in Greater Noida, India in early October, with the CEO of Softbank Masayoshi Son pledging free solar power after 25 years of PPA to children, mothers, and communities across all ISA member countries.
Chennai-based Government owned company, NLC India (formerly Neyveli Lignite Corporation), has chalked out plans to invest AUD 2.63 billion in thermal and solar projects across Odisha.
Norway, Australia, and Italy are some of the foreign investors keen to get a foothold in India’s solar energy market given India’s ambitious one hundred percent renewable energy target within the next five years.
Africa and the Middle East with abundant solar radiation have crossed the threshold of the learning curve in harnessing solar power. The countries in the two regions are now moving towards what can be called potential powerhouses of the world, only if the momentum set by international collaborations and private participation sustains it.
The Indian Government has set a target to generate 100 GW from solar power by 2022 through solar farms, rooftop solar and off grid-solar plants construction in largely remote, rural communities. To do this, India is combining its commitment to create a sustainable renewables energy market with a social enterprise – to train, and empower women from disadvantaged communities to become solar entrepreneurs.