Stavian Group to invest USD 22 million in battery storage project in Vietnam
Author: PPD Team Date: 05/02/2025
Author: PPD Team Date: 05/02/2025
Stavian Group is investing USD 22 million in a Battery Energy Storage System (BESS) project at the Stavian Complex in Hung Yen province, Vietnam. Developed through a joint venture with Juhang Energy Technology (Singapore), the project will cover over 5 hectares and focus on manufacturing energy storage systems, EV charging equipment, and electric cables.
The BESS will support grid regulation for renewable projects and industrial microgrids, helping businesses cut energy costs by optimising power usage. This aligns with Vietnam’s renewable energy goals, including upcoming policies on rooftop solar and direct power purchase agreements.
Set to launch its first products by Q3 2025, the project aims to reduce over 27 million tons of CO2 emissions annually while targeting domestic and international markets, including Asia-Pacific and the Middle East.
Author: PPD Team Date: 31/12/2024 Denmark’s Vestas has secured an order to supply 21 V236-15.0 MW turbines for the 315 MW Oga Katagami Akita Offshore Wind Project in Japan’s Akita Prefecture. The deal includes a long-term service agreement to optimise turbine performance. This marks Vestas’ first firm order for its V236-15.0 MW turbine in the Asia-Pacific region and its first project under Japan’s offshore wind auctions based on the Renewable Energy Sea Area Utilization Act.
Author: PPD Team Date: 20/12/2024 Switch has selected Oklo, a nuclear technology company, to deploy 12GW of Oklo Aurora powerhouse projects by 2044. The projects are part of a non-binding master power agreement, one of the largest corporate clean power deals to date, setting the stage for future binding power purchase agreements. Oklo will develop, construct, and operate the powerhouses to supply clean energy across the US. This partnership supports Oklo’s growth and the increasing…
Author: PPD Team Date: 21/03/2025 The National Bank for Financing Infrastructure and Development (NaBFID) has sanctioned a Rs 2.72 billion loan to KPI Green Energy Limited for partial financing of its 50 MW wind-solar hybrid power project in Bharuch, Gujarat. The project is part of Phase I under Gujarat Urja Vikas Nigam Limited’s (GUVNL) wind-solar hybrid power initiative. In January 2024, KPI Green secured the 50 MW wind-solar hybrid project at a tariff of Rs…
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Author: PPD Team Date: 20/02/2025 The National Company Law Tribunal (NCLT) has approved JSW Energy Limited’s acquisition of KSK Mahanadi for the 3,600 MW Akaltara (Nariyara) Thermal Power Project. The approval was granted on February 13, 2025. The thermal power project, located in Nariyara, Akaltara, Janjgir-Champa district of Chhattisgarh, is partly operational with 1,800 MW in service. It was developed by KSK Mahanadi Power Company Limited (KMPCL), a special purpose vehicle (SPV). The project’s power…