PowerChina has achieved a significant milestone with the grid connection of the second phase of the Huadian Tibet Caipeng PV-Storage Project. Located at an elevation of 5,228 meters above sea level, this project sets a new benchmark for high-altitude solar power generation. The project, located in Naidong District, Shannan City, features an installed capacity of 150MW. The second phase, with a capacity of 100MW, commenced construction in August 2024 and incorporates nearly 170,000 PV modules. Notably, the project utilizes bifacial PV modules, which boast a conversion efficiency up to 7.5% higher than traditional modules, maximizing energy output by utilizing both sides of the panels. The project also includes a 20MW/80MWh grid-based storage system, ensuring a continuous power supply of 80,000kWh for four hours during nighttime. This innovative approach addresses the challenges of intermittent solar power generation in remote and high-altitude regions. The successful grid connection of the second phase follows the successful operation of the first phase, which began generating electricity in late 2023. The first phase has already contributed over 60 million kWh of electricity, significantly alleviating seasonal power shortages in the Shannan area. This achievement further solidifies PowerChina’s position as a leader in renewable energy development. The company…
NEC Corporation has successfully completed the construction of the Asia Direct Cable (ADC), a high-capacity submarine cable system connecting key regions in East and Southeast Asia. This significant achievement marks a milestone in enhancing regional connectivity and supporting the growing demand for data transmission. The ADC cable system links China (Hong Kong SAR and Guangdong Province), Japan, the Philippines, Singapore, Thailand, and Vietnam. With its multiple pairs of high-capacity optical fibers, the cable is capable of transmitting over 160 terabits per second (Tbps) of data, enabling high-speed and reliable communication. The completion of the ADC project is a testament to NEC’s expertise in submarine cable systems. The company’s long history of innovation and technical excellence has enabled it to deliver cutting-edge solutions that meet the evolving needs of the telecommunications industry. By investing in advanced technologies and fostering strong partnerships with industry leaders, NEC is committed to driving digital transformation and enabling a connected future.
LAWSGROUP, a leading property developer, has achieved a significant milestone with its KTR350 project winning the Silver Award for Best Office and Business Project at the MIPIM Asia 2024 Awards. This prestigious accolade recognizes the project’s outstanding design, sustainability, and innovation. KTR350, a 29-story office development located in Kowloon Tong, features a distinctive cylindrical and elliptical façade inspired by the Group’s heritage in textile manufacturing. The building’s unique design not only enhances its aesthetic appeal but also optimizes natural light and ventilation, contributing to its energy efficiency. The project incorporates cutting-edge technology, including a 5G network and smart building management systems, to create a modern and efficient workspace. Additionally, KTR350 boasts extensive green spaces, such as the Sky Garden and Rooftop Garden, offering tenants opportunities for relaxation and wellness. This award is a testament to LAWSGROUP’s commitment to sustainable development and innovative design. The company’s dedication to creating exceptional spaces that enhance the lives of its tenants and contribute to the community has been recognized on the international stage. KTR350 has also received accolades from other prestigious awards programs, including the CRECCHKI Real Estate ESG Awards, the Better Future – Hong Kong Design Awards, the Iconic Awards, and the German…
Sembcorp Industries, a leading global energy, urban, and marine solutions provider, has secured a significant milestone in its renewable energy portfolio. The company’s Indian subsidiary, Sembcorp Green Infra Private Limited, has been awarded a 150 megawatt solar photovoltaic project coupled with a 300 megawatt-hour battery energy storage system (BESS). This marks Sembcorp’s entry into the Indian solar-plus-storage market, further strengthening its position as a global leader in clean energy solutions. The BESS component of the project will play a crucial role in supporting grid stability and optimizing energy dispatch, contributing to India’s renewable energy goals. The project is expected to commence commercial operations within 24 months, subject to the execution of a Power Purchase Agreement (PPA). Sembcorp plans to finance the project through a combination of internal funds and debt. With this new addition, Sembcorp’s total renewable energy capacity in India now approaches 6 GW, while its global clean energy portfolio exceeds 16.5 GW. The company remains committed to expanding its renewable energy footprint and contributing to a sustainable future.
Kang Bo’s fantasy drama “Kingdom of the Insomniacs” has been awarded the top prize at the 27th Asian Project Market (APM). The film, which follows mushroom farmers suffering from insomnia and aging, was selected from a pool of 30 projects from across Asia. The APM, held during the Busan International Film Festival (BIFF), provides a platform for filmmakers to connect with potential investors, distributors, and co-production partners. This year’s event saw a record number of submissions, highlighting the growing interest in Asian cinema. Other notable winners at the APM include Japanese director Bunji Sotoyama’s “Life Redo List,” which received the One Cool Award, and Indonesian filmmaker Wregas Bhanuteja’s “Levitating,” which won the CJ ENM Award. The APM continues to be a vital platform for the Asian film industry, fostering collaboration and promoting the development of innovative and thought-provoking projects.
Global law firm White & Case LLP has advised the finance parties, comprising export credit agencies and commercial lenders, on the US$1.6 billion project financing of the 583MW Greater Changhua 4 Offshore Wind Farm in Taiwan. This significant milestone marks a key development for Ørsted, which is divesting a 50 percent equity stake in the project to Cathay Life Insurance. White & Case partner Fergus Smith, who co-led the Firm’s deal team, said: “As the first offshore wind project in Asia to be 100 percent backed by corporate offtake, this project is an important landmark for the offshore wind sector and the broader renewable sector in Asia. The project lights the way for a new phase of large-scale offshore wind development in the region.” The Greater Changhua 4 site is part of the 920MW Greater Changhua 2b and 4 offshore wind farms, currently under construction by Ørsted and expected to be completed by the end of 2025. This transaction represents the largest investment by a Taiwanese life insurer in an offshore wind farm to date. White & Case partner Brendan Quinn, who co-led the Firm’s deal team, said: “This transaction underscores our continued commitment to supporting the growing offshore wind…
LONGi Green Energy Technology Co., Ltd., a global leader in solar technology, has illuminated the path towards a sustainable future with its groundbreaking “Lighthouse Factory.” This state-of-the-art facility, located in Jiaxing, China, embodies the company’s commitment to innovation, efficiency, and sustainability. Recognized by the World Economic Forum as a global Lighthouse Factory, LONGi’s Jiaxing Production Base exemplifies the transformative power of digitalization and automation in the solar industry. By leveraging advanced technologies such as artificial intelligence, big data, and cloud computing, the factory has achieved significant improvements in production efficiency, product quality, and energy consumption. One of the key innovations driving the success of the Lighthouse Factory is LONGi’s agile manufacturing approach. By adopting agile principles, the company can quickly adapt to changing market demands and customer needs. The factory’s flexible production lines enable it to efficiently produce a wide range of high-quality solar modules, including the highly acclaimed Hi-MO X series. The integration of artificial intelligence into the production process has revolutionized quality control and operational efficiency. AI-powered systems monitor every stage of production, from raw material inspection to final product testing, ensuring that only the highest quality products reach the market. This commitment to quality has solidified LONGi’s…
Nexif Ratch Energy has received a significant boost for its 500MW San Miguel Bay Wind Project in the Philippines. The Department of Energy (DOE) has awarded the project a Certificate of Energy Project of National Significance (CEPNS), accelerating its development and deployment. The CEPNS designation recognizes the project’s critical role in enhancing the country’s energy security and achieving renewable energy goals. By streamlining regulatory processes, the certification will expedite the project’s progress, enabling a faster timeline for construction and operation. “We are delighted to receive the CEPNS for the San Miguel Bay Wind Project,” said Cyril Dissescou, Chief Executive Officer of Nexif Ratch Energy. “This recognition underscores the project’s importance in meeting the Philippines’ growing energy demand and contributing to a sustainable energy future.” The San Miguel Bay Wind Project is one of several renewable energy initiatives undertaken by Nexif Ratch Energy in the Philippines. Earlier this year, the company’s 475MW Lucena Wind Power Project in Quezon Province was awarded the Green Lane Certificate by the Board of Investments. This designation further streamlines the project’s development process, allowing for efficient permit approvals and licensing. Nexif Ratch Energy remains committed to driving the growth of renewable energy in the Philippines and…
SC Global Inc., a wholly-owned subsidiary of Token Communities (OTC PINK: TKCM), has announced the acquisition of a 749-acre development site in Texas to establish the first Asia-Pacific Opportunity Zone (OZ) Industrial Park in the United States. This strategic move comes as many Asian manufacturers seek to diversify their supply chains and mitigate the impact of rising import tariffs imposed by the U.S. government. The new industrial park, located in an Opportunity Zone along Interstate 10 near Houston, offers a prime location with convenient access to major ports and airports. The park is envisioned as a mixed-use development, encompassing industrial, office, expo, logistics, residential, and commercial zones. It aims to accommodate a diverse range of businesses, including manufacturing, logistics, and technology companies. SC Global has already received significant interest from Chinese companies looking to establish manufacturing facilities in the U.S. The company plans to develop the park in phases, with a focus on attracting businesses that can benefit from the tax advantages and incentives offered by Opportunity Zones. By creating a thriving industrial hub, SC Global aims to generate substantial economic activity, create jobs, and contribute to the local economy. The company’s strategic partnership with Morgan Capital and American Software…
Turkey has unveiled the world’s longest suspension bridge, the 1915 Çanakkale Bridge. This engineering marvel spans the Dardanelles Strait, connecting the Asian and European continents and reducing travel time by a significant 93%. The bridge boasts an impressive length of 2,023 meters and features 318-meter-high towers, surpassing the previous record held by Japan’s Akashi Kaikyo Bridge. Its towering height of 15,118 feet makes it the tallest suspension bridge globally. Construction of the 1915 Çanakkale Bridge commenced in March 2017, with a joint venture of Turkish and Korean companies overseeing the project. Danish firm COWI led the design process. The bridge was originally scheduled for completion in September 2023 but was finished ahead of schedule in March 2022. The bridge is named after the Ottoman naval victory against the French and British during World War I in the same year. It not only symbolizes Turkey’s engineering prowess but also strengthens its strategic position as a vital link between continents.
