23 January 2019

Latest Power Market News

Google launches its first clean energy project in Taiwan

(Asia Pacific): Google has launched its first clean energy project to support its local data centre with the cooperation of Taiwanese power companies and the government. It will set up a 10MW solar farm in Tainan City, Taiwan.

AfDB approves $25m for renewable projects in Africa

(Africa): African Development Bank Group (AfDB) finalised $25m in ARCH Africa Renewable Power Fund (ARPF) for the development and construction of 10 to 15 renewable energy projects in Nigeria as well as across sub-Saharan Africa region with the expected capacity of 533 MW.

Ellevio AB to add at least two new transformers to rural network in Sweden

(Europe): A Swedish company Ellevio AB has to add two new transformers with a capacity of 40 MVA to the regional network in Svansasen by mid of 2020. The transformers will be connected to the 145 kV regional networks on the HV side and 20 kV on the LV side

Singapore firms to invest $100 million in Southeast Asian renewable projects

(Asia Pacific): Singapore based companies WEnergy Global, ICMG Partners, Greenway Grid Global (GGG) and TEPCO Power Grid Inc (TEPCO-PG) has formed an investment entity of $60 million to operate and finance renewable energy projects in Southeast Asia. Around $20 million has already made available for a short term spending while the portfolio of various power projects will reach around $100 million over the next four years. A number of potential investment opportunities have already been identified in Indonesia, Myanmar and the Philippines.