Singapore

Petronas jumps into PV market with Amplus acquisition

The Malaysian oil and gas group has purchased solar developer Amplus Energy Solutions from infrastructure investor I Squared Capital. No financial terms of the deal have been disclosed.

The weekend read: Quality on the line

With competition on the module market as cutthroat as ever, manufacturers are increasingly looking to emphasize the quality and reliability of their products and services as a differentiator. pv magazine investigates what’s behind some of these claims, and the move from manufacturers to more sophisticated quality assurance methods.

ING to lend $37m to Sunseap to build 50 MW in Asia

The Dutch banking group will serve as sole mandated lead arranger for the S$50 million ($36.98 million) loan. A unit of Singapore-based developer Sunseap will use the funds to build a 50 MW portfolio of rooftop PV projects.

High-efficiency solar module upgrades from REC and Trina

REC Group has begun production of its residential N-Peak Black series, reaching up to 325 watts. Concurrently, Trina Solar has released four new modules within its Tallmax, Duomax, Duomax Twin and Honey series — some of which reach up to 415 watts.

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SERIS aims for 24% efficiency for mono PERC cell

The Singapore research institute will cooperate with China’s Ruxing Technology to increase the efficiency of its monoPoly™ technology. Through this cooperation, SERIS believes its solar cell efficiency could be raised to 24%, and module power beyond 345 W.

Singapore fund and British developer eye stake in UK government’s south Asian renewables company

U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake – and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale.

Shell acquires 49% stake in Singapore’s Cleantech Solar

Marking yet another PV investment, Shell has reportedly acquired a 49% stake in Singapore-based Cleantech Solar. There is an option to increase this after 2021.

Comtec Solar raises cash with southeast Asian storage business JV

The solar manufacturer and developer has joined forces with Singapore’s ISDN and plans to expand its battery operations in the region. Elsewhere though, Longitech’s latest fundraising exercise has fallen flat.

Singapore launches blockchain-based renewable energy marketplace

Companies keen to offset their carbon emissions will be able to purchase renewable energy certificates at Singapore’s first blockchain-powered marketplace, launched by electricity provider SP Group.

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Sunseap to build 5 MW floating PV at sea

Project developer Sunseap has announced plans for one of the world’s largest PV systems floating on seawater, to be built in the Johor strait which separates Singapore and Malaysia. The 5 MW system is expected to be completed in the first quarter of 2019.

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