WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 168
Recent Developments
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Hong Kong: 8,728 chargers (June 2024)
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Malaysia: 2,585 chargers (June 2024)
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Philippines: 338 charging stations (February 2024)
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Singapore: over 6,200 chargers (May 2024)
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Major Energy players
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Hong Kong: CLP Group and Hong Kong Electric Company
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Malaysia: Tenaga Nasional Berhad, Malakoff Corporation
Berhad, Sarawak Energy
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Philippines: Manila Electric Company (Meralco)
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Singapore: Singapore Power Ltd.
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Taiwan: Taiwan Power Company (Taipower)
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Vietnam: Vietnam Electricity Group (EVN)
Hong Kong: In a landmark partnership, Asia-Pacific &
Japan (APJ) hyperscale data centre specialist, AirTrunk,
has joined forces with Hong Kong’s major power utility,
CLP Power Hong Kong Limited (CLP Power), to facilitate
the largest site-specific renewable energy certificate (REC)
procurement in Hong Kong.
Malaysia: The Government of Malaysia has outlined a plan to
phase out coal-fired power plants, reducing their use by 50
per cent by 2035 and completely retiring them by 2044. At
the same time, Malaysia is rapidly increasing its adoption of
renewable energy, with a target to boost renewable energy
capacity to 70 per cent by 2050.
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Philippines: The Philippines’ Department of Energy (DOE)
anticipates at least 4,164.92 megawatts (MW) of renewable
and conventional power projects to come online in 2024.
This will enhance the country's energy infrastructure and
bolster the power supply and stability of the grid, as per
the government agency.
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Singapore: Hitachi ABB Power Grids has been selected to
deploy its innovative energy storage solution to support
the development of Singapore’s first Virtual Power Plant
(VPP) project. The project, launched in 2019, is developed
by the Energy Research Institute @ Nanyang Technological
University, Singapore (ERI@N) and is jointly funded by
Singapore's Energy Market Authority (EMA) and Sembcorp
Industries (Sembcorp).
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Taiwan: Google and BlackRock have announced a significant
partnership to advance solar energy in Taiwan. This
collaboration involves a capital investment in New Green
Power (NGP), a Taiwanese solar developer and BlackRock
portfolio company, with the aim to develop a 1GW solar
pipeline, accelerating the clean energy transition in Taiwan
•
Vietnam: The Vietnamese government is moving forward
with a new decree aimed at promoting the development of
rooftop solar power for self-consumption. This initiative is
part of broader efforts to boost clean energy sources and
reduce reliance on the national grid.
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