SouthEast Asia June-July Issue 2022

South

Singapore:

EDP To Scale Up Floating Solar Farms In The South East Asia Region To Install 16 GWs Of Solar Photovoltaics By 2030 Near Seas And Rivers

EDP, a company based out of Portugal will scale up floating solar farms in the South East Asia region to install 16 GWs of solar photovoltaics by 2030 near seas and rivers. CEO of EDP Miguel Stilwell said that last year, Sunseap, a subsidiary of EDP and South East Asia’s fourth biggest solar company launched the first of these solar farms of 5 MW capacity in Singapore “EDP sees this new technology as a good trigger for its expansion in Southeast Asia and is already evaluating and developing other projects there,” Stilwell said The Singapore park is the size of 5 soccer fields and it has 13,300 installed solar panels and 30,000 floats. These produce 6.1 GW/hour of power to provide electricity to 1,250 homes in the first year of operation

PROJECTS AWARDED UNDER $6 MILLION GRANT TO ACCELERATE NEW CLEAN ENERGY INNOVATIONS ON JURONG ISLAND

The Energy Market Authority (EMA) and JTC, with support from Enterprise Singapore (Enterprise SG), have awarded three projects under the $6 million grant to test bed new clean energy innovations on Jurong Island These projects demonstrate the shared commitment by the industry, technology partners, and government agencies to advance clean energy deployment on Jurong Island The investment in clean energy technologies is part of Singapore’s energy transition to decarbonize its energy supply and will support Singapore’s raised climate ambition to achieve net zero by or around mid century This will also support Jurong Island’s vision of more sustainable energy and chemicals park in line with Singapore’s Green Plan 2030

KEPPEL TO PILOT SINGAPORE’S FIRST MEMBRANE BASED NEARSHORE FLOATING PV SYSTEM AT JURONG ISLAND

Keppel Infrastructure’s wholly owned subsidiary, Keppel Energy Nexus Pte Ltd (Keppel) has been awarded a grant from the Energy Market Authority (EMA) and JTC, to pilot Singapore’s first membrane based nearshore floating solar photovoltaic (PV) system at Jurong Island. Compared to the conventional floating PV systems used in Singapore in calmer water bodies such as reservoirs, the membrane based PV system is designed based on floating PV specialist Ocean Sun’s technology to harness solar energy reliably amid stronger waves and rougher sea conditions in the nearshore marine environment. This is achieved by attaching solar panels directly onto large circular reinforced membranes protected by a high density polyethylene pipe structure surrounding the membrane, which creates a stable and safe platform

HSL CONSTRUCTOR AND SKYE RENEWABLES SIGN PPA FOR SOLAR IN SINGAPORE

Skye Renewables Singapore OpCo Pte Ltd (Skye), a solar energy developer in Southeast Asia, announced that it has entered an agreement to build a 587 4 kWp rooftop solar system at the main office and operating facility of Verdeland Pte Ltd, a subsidiary of a regional infrastructure construction company, HSL Constructor Pte Ltd, in Singapore The solar system is forecast to generate over 11GWh of power during the contract lifetime, allowing HSL to avoid significant carbon emissions by replacing some of their grid usage Skye Founder & CEO, Ross Coull, said, “the Skye team is delighted that HSL would select us to be their renewable energy partner in Singapore. HSL has a long and proud history in Asia and we will b heir ambitious sustainability strategy b on their main site ”

SENTOSA EMBARKS ON LARGE SCALE DEPLOYMENT OF PHOTOVOLTAIC CELLS TO HARNESS SOLAR ENERGY

Sentosa Development Corporation (SDC) and Resorts World Sentosa (RWS) are embarking on the large scale deployment of photovoltaic cells to harness solar energy across Sentosa island’s premises from June 2022 Comprising the installation of solar panels at a new batch of 18 sites across the resort island, the deployment marks the first major renewable energy milestone under the refreshed Sustainable Sentosa strategic roadmap launched in September 2021, under which the Sentosa community has committed to becoming a carbon neutral destination by 2030 and a globally recognized, certified sustainable tourism destination

VFLOWTECH TO LAUNCH RENEWABLE ENERGY PROJECT WITH BANPU INNOVATION & VENTURES IN SOUTHEAST ASIA

Banpu Innovation & Ventures, a Thailand based subsidiary of Banpu PCL, that focuses on technology development, and VFlowTech, the leading Singapore based energy storage solutions provider manufacturing low cost and efficient modular vanadium redox flow batteries, announce their joint venture (JV) LiV Energy Venture to develop next generation hybrid energy storage solution to meet the growing demand for renewable energy in the Southeast Asia region. Developed and deployed in Singapore initially, the battery technology will leverage artificial intelligence (AI) to achieve superior performance and will eventually be rolled out to other international sites based on demand

Philippines:

Emerging Power Signs An Agreement With Shell To Jointly Develop, Own, Operate, And Maintain Onshore Renewable Energy Projects In The Philippines

Emerging Power Inc (EPI), the renewable energy subsidiary of natural resources development company Nickel Asia Corp (NAC), signed an agreement with Shell Overseas Investments B V (Shell) to jointly develop, own, operate, and maintain onshore renewable energy projects in the Philippines The EPI Shell venture is targeting 1 gigawatt (GW) by 2028 with ambitions to contribute up to 3 GW into the country’s renewable capacity by initially rolling out a series of projects in Luzon and Visayas The focus will be on utility scale solar PV while evaluating opportunities in onshore wind and energy storage systems Based on industry data, a gigawatt of solar PV can supply the annual daytime consumption of over 1 2 million homes in the country. A Filipino household typically consumes 200 kilowatt hours a month1

DEPARTMENT OF ENERGY CONDUCTS FIRST GREEN ENERGY AUCTION IN PHILIPPINES, RECEIVES 24 BIDDERS

The Department of Energy (DOE), through the Green Energy Auction Bids Evaluation and Awards Committee (GEA BEAC), conducted the first auction round of the Green Energy Auction Program (GEAP) in the Philippines last Friday (17 June) There were 24 Qualified Bidders who participated in the auction They will be competing for the 2000MW capacity requirement that has been set for said auction round, which was done through an Electronic Bidding Platform Of the 24 bidders, eight were from solar, another eight were from wind, seven were from run of river hydro, and one was from biomass The success of this competitive process will set the benchmark for future auction rounds, as the resulting Green Energy Tariff (GET) will reflect the value of electricity

PRIME INFRA TO BUILD THE WORLD’S LARGEST SOLAR POWER PLUS STORAGE PROJECT WITH TERRA SOLAR PHILIPPINES

NESTLÉ PHILIPPINES REAFFIRMS USE OF CLEAN AND RENEWABLE ENERGY IN PARTNERSHIP WITH ABOITIZPOWER

With the goal of reducing its carbon footprint and achieving net zero greenhouse gas emissions, Nestlé Philippines reaffirms its commitment to using clean and renewable energy as it renews its partnership with AboitizPower for a Cleanergy supply The partnership enables Nestlé PH to use clean and renewable energy for six of its facilities, sourced from the Tiwi and MakBan Geothermal Power Plants, operated and managed by AP Renewables, Inc (APRI), an AboitizPower subsidiary AboitizPower, together with its partners, is the Philippines’ largest owner and operator of renewable energy based on installed capacity.

Prime Infrastructure Holdings, Inc , the critical infrastructure arm of Enrique K Razon, Jr , embarks to deliver the world’s largest solar power facility with a capacity of 2,500MW to 3,500MW combined with a 4,000MWh to 4,500MWh battery energy storage system boosting the supply of renewable energy in the country The project will be undertaken by Terra Solar Philippines, a unit of Terra Renewables Holdings, Inc , which is a renewable power subsidiary under Prime Infra’s control and in partnership with Solar Philippines Power Project Holdings, Inc. From this power facility, Terra Solar will supply 850MW to offtake Manila Electric Company

SOLAR PHILIPPINES STEPS FORWARD TO BUILD LARGEST SOLAR PROJECT OF THE WORLD

The solar Philippines takes another step towards rapidly increasing its renewable capacity in the country It is partnering with one of the top projects in the world and aims to meet growing energy demand as well as a shift away from coal. According to the statement, the firm submitted energy contract proposals that, if approved and accepted by regulators and customers, could potentially amount to 9 Terrawatt hours per year and allow a list of 10 gigawatts to continue These developments will be operated mainly between 2025 and 2026.

Under the Green Energy Auction Program, the Philippines Awards 1.57 GW Of Renewable Energy

The Green Energy Auction Bids Evaluation and Awards Committee (GEA BEAC) of the Department of Energy of the Philippines publishes a 19 winners list for an auction recently held for 2 GW of renewable energy In January, the GEA BEAC started the auction It had pre selected 24 bidders for its final phase. It allocated 1,966.4 MW to renewables during the procurement exercise Around 1 490 3GW was solar, 374MW was wind power, 119 1MW of the total was hydropower, and 3 4MW was biomass Solar Philippines Nueva Ecija Corp won the auction and secured three solar projects with capacities of 200, 280, and 450MW in the Luzon region. It won a 300 MW capacity solar project in the Visayas and a 200 MW in Mindanao

Malaysia:

ACEN PLANS TO OFFER BONDS FOR DEVELOPING 459 MW CAPACITY OF PHOTOVOLTAIC PARKS

ACEN, a Philippine company, plans to launch a PHP 10 billion, inexperienced bond offering to help with the development of 458 MW photovoltaic parks at home. ACEN said that the inexperienced bond sale could be part of a PHP 30 billion debt securities program Fixed rate notes with a 5 year maturity are listed to allow buyers and sellers to trade on the Phillippine inventory changes The funds raised will be used to develop three photovoltaic initiatives and the transmission infrastructure that is linked to each of these schemes A 42 MW photovoltaic plant could be built as an expansion of the Arayat Mexico photovoltaic farm to increase the advanced’s total capability to 114MW

SOLARCITY MALAYSIA BEGINS OPERATION OF 7.0 MWP SOLAR PHOTOVOLTAIC SYSTEM

A 70% owned subsidiary of G Capital Bhd (GCAP), Solarcity Malaysia Sdn Bhd, completed and began the operation of a 7 0 MWp solar photovoltaic power generation system for Evergreen Fibreboard Bhd in Batu Pahat (Johor) This was after the signing of a power purchase arrangement on 17th June 2021 This increases the total solar power in GCAP to 15 3 MWp It would also generate a yearly revenue potential for the 25 year PPA of RM 4 million. Datuk Yap Yee Ping, Executive Director of GCAP, stated that the company began seedlings for solar PV projects in 2021 The company is making progress in this venture

ASLAG EXPECTS P215 MILLION IN REVENUES FOR ITS THIRD SOLAR POWER PLANT, ‘RASLAG 3’

18 011 MWp Raslag 3 Solar Power Plant Project in Pampanga of RASLAG CORP have started. This is ASLAG’s third operating solar power plant Raslag 3 prompted the start of the testing and commissioning of its third solar project venture This milestone commenced immediately after the receipt of Provisional Approval to Connect to energize as a Generator from the National Grid Corporation of the Philippines (NGCP). With the success of the energization, the said plant is now connected to the 69 kilo Volt Transmission asset of NGCP that bridges the generated electricity produced from the panels.

BAT MALAYSIA INSTALLS SOLAR POWER SYSTEM AT JOHOR BAHRU FACTORY

British American Tobacco (Malaysia) Berhad has achieved carbon neutrality for its Johor Bahru factory, further reaffirming the group’s commitment to achieving net zero emissions by 2050 The certification received by the Group is in accordance with PAS 2060, the internationally recognized specification for carbon neutrality for the period 1 December 2020 to 30 November 2021 This milestone was announced, during the launch of the factory’s solar power system, which was inaugurated by Yang Berusaha Tuan Sazali Bin Mohamad, Pengarah Kastam Negeri Johor. The solar power system, which was fully installed in May 2022 will generate some 103Mwh (megawatt hour) energy annually, powering approximately 60% of the factory throughout the year In total, the solar power system will generate savings of close to RM1 million over 20 years.

Fabulous Sunview, a solar service provider, has entered into a strategic partnership with EK Hitec Corporation in order to offer a complete green roof solution for industrial roofing This includes the fertilizer, chemical, and glove industries Fabulous Sunview stated that the collaboration was part of its entry into the integrated green energy market for Malaysia It focuses on turnkey engineering, procurement, and construction solutions along with commissioning services The alliance brings together the best in class roofing and the photovoltaic solar solution system

SOLARVEST ADOPTS FIRST SOLAR TECHNOLOGY TO OPTIMIZE THEIR ENGINEERING SOLUTIONS AND MAXIMIZE ENERGY YIELDS

MN HOLDINGS BERHAD SECURES AN EPCC FOR A LARGE SCALE SOLAR PHOTOVOLTAIC PLANT IN PAHANG

Underground utilities and substation engineering specialist MN Holdings Berhad (MNHB) has secured a contract for the engineering, procurement, construction, and commissioning (EPCC) of high voltage systems and related works for a large scale solar photovoltaic (LSSPV) plant in Pekan, Pahang worth RM12 2 million MNHB’s wholly owned subsidiary MN Power Transmission Sdn Bhd has accepted a letter of award from ERS Energy Sdn Bhd for its appointment as a sub contractor for the 50MWAC LSSPV plant at Tanjung Batu Under the contract, MN Power will be responsible for the EPCC of a solar power plant interconnection facility (SPPIF) for a 33kV medium voltage system and 132kV high voltage system, and solar power plant works (SPPW) for a 132kV high voltage system.

First Solar, Inc will supply Solarvest Holdings Berhad, a clean energy specialist and turnkey engineering, procurement, construction, and commissioning (EPCC) service provider in South East Asia, with 93 megawatts (MW) DC of advanced thin film photovoltaic (PV) solar panels The modules will power four projects being built as part of Malaysia’s Large Scale Solar Program (LSS) with deliveries taking place between July and October 2022 Solarvest will use First Solar Series 6 modules for projects located in the Malaysian states of Selangor, Perak, and Kedah Approximately 75 MW of the total order is expected to be sourced from First Solar’s manufacturing facility in Kulim, Malaysia

METRONIC GLOBAL BERHAD SIGNS 2 SOLAR PPAS WITH SINARAN PPA SDN BHD OF WORTH RM300 MILLION

Metronic Global Berhad announced that Sinaran PPA Sdn Bhd, a new joint venture company between Metronic Global Berhad and Earthtech Sdn Bhd, had entered into 2 power purchase agreements on both located in Kedah with total contract values of RM50 million with a capacity of 4,121 kWp for a term of 25 years The construction and installation of solar PV facilities pursuant to these two power purchase agreements are expected to complete in the 4th quarter of 2022 with the commencement of operations immediately thereafter In this respect, the Group’s plan to venture into the Solar Energy Business is premised on the favorable outlook and prospects for the solar PV industry in Malaysia The long term recurring income to be generated from the leasing of the electricity generated from the solar PV facility to the site owners under the solar leasing activities to be undertaken by Sinaran PPA is also expected to contribute positively to the future earnings of the Group

MN HOLDINGS BERHAD BAGS RM26.9 MILLION EPCC CONTRACT FOR SOLAR FARM IN PERLIS

Underground utilities and substation engineering specialist MN Holdings Berhad (MNHB) has bagged a contract worth RM26 9 million for the engineering, procurement, construction, and commissioning (EPCC) of an interconnection facility for a large scale solar photovoltaic (LSSPV) plant and 132kV substation in Chuping, Perlis The Company’s wholly owned subsidiary MN Power Transmission Sdn Bhd in a joint venture with Savelite Engineering Sdn Bhd received and accepted a letter of award (LOA) from the main contractor Atlantic Blue Sdn Bhd for their appointment as the sub contractor for the 50 MWAC LSSPV plant Under the contract, MN Power and Savelite Engineering will be responsible for the design, manufacture, supply, delivery, installation, testing, and commissioning of the interconnection facility for the LSSPV plant and substation

PETRONAS, SEDC Energy Collaborate to Spur Adoption of Hydrogen, Renewable Oil in Sarawak

PETRONAS and SEDC Energy Sdn Bhd, a subsidiary of Sarawak Economic Development Corporation, have entered into two arrangements to accelerate the development and adoption of hydrogen and renewable oil as alternative fuels for the state A Supply Arrangement on Hydrogen Production Technology and a Joint Technology Collaboration Arrangement on Renewable Oil was signed between both parties The supply arrangement was signed between PETRONAS Technology Ventures Sdn Bhd (PTVSB) CEO, Dr Mahpuzah Abai, and SEDC Energy CEO, Robert Hardin, while joint technology collaboration arrangement was signed by Hardin and PETRONAS Chief Technology Office, Dr Nasir Darman representing PRSB PETRONAS Senior Vice President of Project Delivery & Technology, Bacho Pilong, and Director of SEDC Energy, Tuan Haji Abdul Hadi bin Datuk Abdul Kadir witnessed the signing

RESERVOIR LINK SIGNS SHAREHOLDERS’ AGREEMENT WITH EDPR SUNSEAP

MALAYSIA TO HAVE 40% RENEWABLE ENERGY BY 2035

Malaysia will be equipped with 40% renewable energy, by 2035 Datuk Ali Biju, Deputy Minister of Energy and Natural Resources Ministry stated that the renewable energy installation rate has reached 23% He stated that Malaysia’s shift to a low carbon energy system in electricity supply was guided by the Malaysia Renewable Energy Roadmap Document (MyRER) “The roadmap, among other things, focuses on increasing Malaysia’s share of four key renewable energy resources, namely solar, hydro, biomass and biogas within Malaysia’s electricity supply system through a balanced but sustainable approach He stated that the clean energy transition in the power sector would result in an accumulated direct investment in excess of RM53billion and create 47,000 jobs as well as a 60% reduction in carbon intensity by 2035

Reservoir Link Energy Bhd, an energy related services provider, announced that its wholly owned subsidiary Reservoir Link Renewable Sdn Bhd has entered into a shareholders’ agreement between Sunseap Energy (Malaysia) Sdn Bhd (EDPR Sunseap) as well as RL Sunseap Energy Sdn Bhd following the recent joint venture with EDPR Sunseap back in April 2022 Under this agreement, Reservoir Link will collaborate with EDPR Sunseap to undertake the provision of Solar Power Purchase Agreement projects in Malaysia through the Company, of which, Reservoir Link will have a shareholding of 51% with EDPR Sunseap having the remaining 49% The primary objective and purpose of the joint venture are to carry out business in developing, building, owning, and operating rooftop and ground mounted Solar PPAs in Malaysia

NCT GROUP SIGNS AGREEMENT WITH FIVE COMPANIES FOR SELANGOR SMART INDUSTRIAL PARK

NCT Group of Companies signs an agreement, with five parties in partnership for the upcoming Selangor Smart Industrial Park. These parties include Furniweb Holdings Ltd , Asia Pacific University of Technology and Innovation, Solarvest Holdings Bhd., KS Industrial Tools Sdn Bhd., and Universiti Tunku Abdul Rahman Datuk Seri Yap Ngan Choy, the founder of NCT Group and managing director, stated that the development of these partnerships is a testament to his commitment to providing the best facilities for SSIP in order to increase efficiency and maintain a resilient and sustainable eco friendly environment.

SKYE RENEWABLES SIGNS A 649.6 KWP ROOFTOP SOLAR PPA WITH EDUCITY IN MALAYSIA

Skye Renewables Malaysia Sdn Bhd announced that it had entered an agreement to build a 649 6 kWp rooftop solar system on the EduCity Complex 1 building, which is part of EduCity Iskandar Malaysia Sdn Bhd in Johor, Malaysia Educity Iskandar is Asia’s first multi campus education city with 305 acres of universities, higher education institutions, R&D centers, EduCity Village, EduCity Hub, as well as EduCity Sports Complex. The solar system is forecast to generate over 15GWh of power during the contract lifetime, allowing EduCity to avoid significant carbon emissions by replacing some of its grid usage This is equivalent to offsetting 10,055 tonnes of Carbon Dioxide (CO2) into the atmosphere

Cenergi SEA And Fabulous Sunview Partners For Solar Photovoltaic Projects In Malaysia

Cenergi SEA Bhd, a subsidiary of Khazanah Nasional Bhd and Fabulous Sunview Sdn Bhd (FSSB) partners to offer integrated sustainable solutions including solar energy Cenergi signed a strategic business alliance agreement with Fabulous Sunview to partner in developing solar photovoltaic projects and also provide sustainable solutions Under this strategic alliance, Cenergi will be the project developer, investor, and operator, while FSSB will be the engineering, procurement, construction, and commissioning (EPCC) partner CEO of Cenergi group, Hairol Azizi Tajudin said, “We are excited to join forces with a reputable organization like FSSB to offer sustainable energy solutions to clients in Malaysia and Southeast Asia ”

Indonesia:

RESERVOIR LINK BAGS TWO ROOFTOP SOLAR CONTRACTS TOTALLING 9.7 MEGAWATTS IN MALAYSIA

Reservoir Link Energy Bhd, an energy related services provider, announced that its subsidiary RL Sunseap Energy Sdn Bhd, with collaboration between Reservoir Link and Sunseap Energy (Malaysia) Sdn Bhd, has just secured a letter of award from Osram Opto Semiconductors (Malaysia) Sdn Bhd to develop solar rooftops as well as Building Integrated Photovoltaics power generation facilities on rooftops, existing covered carparks and BIPV carparks located in Kulim, Kedah with a combined installed capacity of 7,708.6 kWp and export capacity of 6,285 kWac This solar agreement is expected to have a tenure of 25 years RL Sunseap Energy has also been contracted to perform the operations and maintenance of the solar photovoltaic system through the contracted tenure

ASLAN ENERGY CAPITAL WITH PT AGRI MARITIM SULTENG UNVEIL THE GREEN ENERGY HUB DEVELOPMENT PLAN TO DELIVER 400 MW SOLAR POWER IN INDONESIA

Aslan Energy Capital, Singapore, and PT Agri Maritim Sulteng, Indonesia have entered into a cooperation agreement, whereby Aslan Energy Capital will invest, develop and execute a multi faceted green energy hub project in Palu, Central Sulawesi through the design, funding, construction, commissioning, and operation of a solar farm and a first of its kind green ammonia production facility in Indonesia with the active support and engagement of Government of Central Sulawesi The joint development and cooperation agreement also include the establishment of a carbon neutral Liquefied Natural Gas (LNG) import terminal within the Palu SEZ, adjacent to the Port of Pantaloan, that will enable clean power generation for the mining and smelter industry in Central Sulawesi

PETRONAS SUPPLIES GLOBAL CLEAN ENERGY DEMAND WITH INDEPENDENT ENTITY GENTARI

Petroliam Nasional Bhd (Petronas) launches a new company GENTARI Sdn Bhd to boost the commercialization and adoption process of clean energy in Malaysia. The new entity aims to deliver a suite of renewable energy, hydrogen, and green mobility solutions that are safe, responsible, cost optimized, and emissions abated by applying an integrated approach across the clean energy value chain for customers globally GENTARI will be accorded the independence to focus on innovating and delivering clean energy solutions while seeking financing opportunities to grow the business faster to meet existing demands and explore emerging energy technologies

Thailand:

GULF Joins Forces With Central Retail To Spearhead Solar Energy Production And Retailing, Setting Targets As Thailand’s Leader In Renewable Energy

By 2026

GULF Energy Development Public Company Limited (GULF), Thailand’s leading energy company, announced the establishment of Greengen Energy Co , Ltd (GGE) in partnership with Thailand’s retail leader Central Retail Corporation Public Company Limited, or CRC, to spearhead the solar energy business, which responds to the needs of businesses and consumers who demand cleaner energy for a sustainable world The partnership will be the model for the production and retailing of renewable energy, starting with the use of rooftops across five Thai Watsadu branches to install solar panels and produce solar power in 2022, followed by the expansion nationwide to distribute solar energy in Q1/2023 with targets to be the leader in clean energy for Thais by 2026

CLEANTECH SOLAR COMMISSIONS 2 ROOFTOP SOLAR PV PROJECTS WITH SYSTEM SIZES OF 1 MW AND 500 KW IN THAILAND

Cleantech Solar, a leading provider of renewable energy solutions to corporations in Southeast Asia and India, has powered up two rooftop solar PV systems in Thailand a 1 MW rooftop solar PV project in Pathumthani province for a major consumer electronics multinational, and a 500 kW solar PV system at the manufacturing facility of another multinational plastic products manufacturer for the automotive industry in Rayong Both projects have been delivered under long term power purchase agreements (PPAs). The solar projects have been completely financed, designed, and installed by Cleantech Solar, and will be operated and maintained by Cleantech Solar during the term of the PPA

GUNKUL ENGINEERING AND JAY MART FORMS ‘JGS SYNERGY’ TO CAPITALIZE DEMAND FOR ROOFTOP SOLAR PANELS

Gunkul Engineering, a renewable energy developer, and Jay Mart, an IT retailer, have bolstered their joint venture JGS Synergy Power through a share exchange worth 500 million baht each This is to capitalize on the growing demand for rooftop solar panels Gunkul hopes that the cooperation will help customers plan their solar energy technology payments more efficiently through a range of financial solutions including installments without having to spend a lot of money According to the company, solar panels could be a great alternative for businesses that want to reduce their electricity costs by using the state grid JGS Synergy was founded in March It initially focused on the solar roof business and credit offers. Adisak Sukumvitaya, chief executive of Jay Mart, and Gunkul board chair Gunkul Dhumrongpiyawut made the share swap

THAI OIL PLC ACQUIRES A STAKE IN VERSOGEN, US BASED GREEN HYDROGEN COMPANY

Thai Oil Public Limited Company (TOP), an oil refining company in Thailand acquires a stake in Versogen, a US based green hydrogen company Versogen uses solar and winds energy to generate green hydrogen. TOP is a subsidiary of PTT Group. Wirat Uanarumit, TOP President and CEO said that this acquisition will support the company’s clean energy technology development which is anticipated to grow in the future Green hydrogen is environmentally friendly and it will support the government’s carbon neutral goals. The share percentage wasn’t revealed by TOP

BAYWA R.E. CLOSES SALE OF ITS FIRST FLOATING PHOTOVOLTAIC FARM IN THAILAND

Global renewable energy developer, service provider, and distributor BayWa r e announced the sale of its first Floating Photovoltaic Farm Thailand, to Ubon Bio Ethanol PCL (UBE) one of Thailand’s leading manufacturers and distributors of processed cassava products. This follows BayWa r.e.’s recent announcement of its successful partnership with UBE in the completion of the 2 83 MWp Floating Photovoltaic Farm Operations for the farm began in early 2022 under a Corporate PPA between BayWa r e and UBE The farm has since been purchased by UBE, in the company’s efforts to expand its suite of renewable energy resources and strengthen its energy transition portfolio The project sale has once again solidified b s position in advocacy and adoption

ons

PRIME SIGNS SHAREHOLDER AGREEMENT WITH IEAT TO ENGAGE IN RENEWABLE ENERGY AND ENERGY CONSERVATION BUSINESS

Mr. Somprasong Panjalak, Chief Executive Officer of Prime Road Power Public Company Limited or PRIME and Assoc Prof Dr Weris Amrapal, Governor of the Industrial Estate Authority of Thailand I EA T signed a joint venture project with an energy engineering company under the name “Prime Industrial Energy Company Limited” or PIE, Industrial Estate Authority of Thailand, head office PIE has a goal to operate in the business of renewable energy (Renewable Energy) and energy conservation (Energy Efficiency), such as installing a solar power generation system for factories in industrial estates

Vietnam:

TotalEnergies To Build First Solar Rooftop For Miza Corporation in Vietnam

Miza Corporation has signed a long term agreement with TotalEnergies to provide a 4 MWp solar photovoltaic (PV) system to its new production facility in Vietnam, Mipak Co Ltd The system will power about 20% of the facility’s energy with green power This marks the first solar PV system built for the corporation that is looking to solarise for all its sites With around 7,500 modules installed, the PV system will generate approximately 4,200 megawatt hours (MWh) of renewable electricity annually, realizing significant cost savings for Miza and reducing the company’s carbon footprint by about 1,250 tons of CO2 emissions, equivalent to planting around 19,000 trees annually.

VIETNAM IS LEADING ENERGY TRANSITION IN SOUTH-EAST ASIA

According to an article recently published, Vietnam is leading the South East Asia transition to clean energy and is a shining spot on an otherwise grim map The article stated that the percentage of solar electricity generated in Vietnam has increased from almost nothing to nearly 11% over the period of 4 years This is a faster increase than any other country in the world and a larger share than countries like France or Japan It stated that Vietnam was the tenth largest producer of solar energy in the world last year. Prime Minister Pham Minh Chinh pledged last November to end the construction of new coal fired power stations and reduce Vietnam’s carbon emissions to zero by 2050 According to the article, other South East Asian nations can learn from Vietnam’s success in increasing their efficiency. Vietnam has quadrupled its solar and wind power capacity since 2019

GOLDEN VICTORY VIETNAM PARTNERS WITH TOTALENERGIES FOR A 2.9 MWP ON SITE SOLAR ROOFTOP PROJECT

TotalEnergies has completed a rooftop mounted solar system for Golden Victory Vietnam Co , Ltd , one of the biggest shoe and footwear manufacturers and a key supplier for globally renowned sportswear brands, to power the needs of the company’s production buildings in Nam Dinh Province, Vietnam With strict requirements from clients to reduce carbon footprint in the production process as well as to increase the percentage of renewables in the energy mix, Golden Victory was looking for feasible initiatives to incorporate emission reduction and green development into its sustainable development strategy They decided to install a solar photovoltaic (PV) system that can show a strong commitment to their clients’ initiatives and were looking for a partner for development.

T SYSTEM AT VIETNAM S FACILITY

TH Dairy Food Joint Stock Company is a member company of TH Group, which has implemented the project of dairy farming and high tech milk processing since 2009 in Nghia Son commune, Nghia Dan district, Nghe An province with total investment capital of 1 2 billion USD The company has installed a solar power system on the roofs of livestock barns, producing about 4 281 MWh/year of electricity to supply electricity to ds and sell to the grid

EDPR TO ACQUIRE 2 SOLAR POWER PLANTS OF XUAN THIEN GROUP IN VIETNAM

EDP Renovaveis, a renewable energy company signs an agreement to acquire 2 solar power plants in Vietnam of 200 MWac capacity with Xuan Thien Group, a Vietnam energy company The total cost of the transaction is USD 284 million

The solar plants are located in the Thuan Bac district of Vietnam and these plants have been working since 2020 The power purchase agreement was signed for 20 years With this partnership, both companies also plan to explore more such opportunities in the Asia region Established in 2000, Xuan Thien Group has been oriented to invest in core business areas such as green, clean industry, sustainable development such as renewable energy (Hydroelectricity, Solar power), and difficulties and challenges in terms of technology, techniques, and even natural conditions have been overcome

Congratulations to all the

PHILIPPINES

Best Solar

Solar Company of

Company of

Company of

PROINSO

Company of

BAYWA

Moin Eusof

Engineering Team Lead, BayWa r.e. (Thailand) Co., Ltd.

To date, we have successfully brought over 4.6 GW of renewable energy projects online, while managing over 10 GW of assets.

The share of generation from Solar is also expected to nearly triple by the end of this decade.

We will also see the beginning of the widespread deployment of utility scale Energy Storage Systems

BayWa r.e. is a leading global renewable energy developer, service provider, distributor, and energy solutions provider.

LET’S BEGIN WITH A GLIMPSE OF YOUR COMPANY’S PRESENCE AND OFFERINGS?

BayWa r e is a leading global renewable energy developer, service provider, distributor, and energy solutions provider. We are currently active in 29 countries, with a presence in several major cities across North America, Europe, Africa, and the Asia Pacific We deliver end to end project solutions, and ongoing operations management and are an Independent Power Producer with an expanding energy trading business. To date, we have successfully brought over 4 6 GW of renewable energy projects online, while managing over 10 GW of assets

We are headquartered in Munich, and while we have been a major market leader in Europe, we started our Southeast Asian journey in 2016 with the opening of our first regional office in Bangkok Since then, we have successfully completed several solar projects in both large scale utility and C&I spaces in the region We have built our Solar Distribution business in South East Asia and Australia during this time and have also established local offices and warehouses throughout the APAC Region

WHAT DO YOU THINK ABOUT THE SOLAR SECTOR IN SOUTH EAST ASIA REGION? IN YOUR VIEW WHAT IS NEEDED TO STRENGTHEN THE GROWTH OF THE SOLAR SECTOR IN THE SAME REGION?

Asia is a renewable energy powerhouse While China and India will be dominant in the number of GW installed over the next few decades, Southeast Asia will be a key contributor to the energy transition process and the growth of the solar industry in Southeast Asia has been remarkable The region is not only blessed with geographical advantage and abundant solar irradiation, but power demand in Southeast Asia is also expected to contribute to a significant portion of Asia Pacific’s overall power demand by 2040. Proportionally with the growth, the share of generation from Solar is also expected to nearly triple by the end of this decade

While this all sounds great, this is also based on some level of optimism. To stimulate the growth of the solar sector in this region we will need to see a stronger commitment from the governments, and the introduction or adjustments of new/existing market policies and incentives. A stable regulatory framework is essential for the growth of the solar sector A good example is Indonesia, where the massive potential for Solar has been largely untapped to date while having more than a quarter of the region’s energy demand On the other hand, Malaysia has done fairly well with supportive government policies like net metering, and the Large Scale Solar (LSS) initiatives which has been successfully running for about 5 years now In addition, lengthy and unclear development processes often hinder project implementation and still need to be streamlined in many ASEAN countries.

THE SOLAR SECTOR IS CONSTANTLY EVOLVING WITH TIME. IS THERE ANYTHING THAT YOU ARE LOOKING FORWARD TO IN THE NEXT FEW YEARS?

I believe innovation is the heart and soul of this sector and is what I look forward to the most When I first started out in the industry, we were building projects with 75Wp thin film and 245Wp polycrystalline panels Both these technologies have come a long way since then In just over a decade, we have seen significant development in panel technologies, an increase in component design life, and the introduction of bi facial modules which is a game changer, especially when combined with tracking systems and more efficient inverter technologies pushing LCOE down to new levels All this has been possible for demand and competition in the market There are also AI based design, tracking, forecasting, and control algorithms in development, some of which we are involved in We will also see the beginning of widespread deployment of utility scale Energy Storage Systems, and I am excited to see what the next few years have in store for us from a technology standpoint

A WORD ABOUT YOUR RECENT SUCCESSFUL CONTRIBUTIONS TO THIS INDUSTRY? WHAT HAS BEEN YOUR BIGGEST CHALLENGE SO FAR?

Since our establishment in the region, we have successfully won three projects in the LSS tenders in Malaysia, two of which are already completed and now operational, and another one under execution Our Energy Solutions team has also been very successful in the C&I space in Malaysia, Vietnam, Singapore, and Indonesia and is currently developing projects in several other countries in Southeast Asia. Beyond that, we have been very successful and completed several projects in Japan, Korea, and Australia’s utility solar sector

BayWa r e is also a pioneer and leader in the FPV sector, especially in Europe, where we have built more than 200MW of projects Earlier this year we reached COD of our first FPV project in Thailand, which is a small but significant milestone for us Apart from that, we are also a pioneer in the Agri PV sector globally and looking at deploying pilot projects in the region here soon.

The biggest challenges vary by region and country, and they are always different However, the recent supply chain crisis has been difficult for the whole industry, with delivery delays and component price increases hurting the sector severely. We do expect the situation to gradually improve now

LASTLY, HOW DO YOU SEE THE SOLAR SECTOR PROGRESSING IN THE SOUTH EAST ASIA MARKET IN THE NEXT 5 YEARS?

I hope the growth and momentum of solar in this region will continue to accelerate, with immense potential from both utility scale and C&I solar markets here The commitments made by several countries in the Paris Agreement and COP26 are also creating a positive momentum, but much needs to be done by the governments to pave way for investors and developers to realize these targets Additionally, we are likely to start seeing deployment of utility scale Energy Storage Systems in many of these countries, along with several new policy introductions in the coming days as the sector develops further. The manufacturing industry alone will require tens of GW of power fueled by rising energy costs and GHG emissions commitments which are often handed down to local suppliers and manufacturers by overseas companies It is clear that we will see recovery and increased demand in this region for Solar as the economies are opening up now, only time can confirm however how much the pace will be

We have built our Solar Distribution business in South East Asia and Australia during this time and have also established local offices and warehouses throughout the APAC Region."

Ko Chuan Zhen

Group CEO and Co Founder, Plus Xnergy Holding

In Peninsular Malaysia alone, there is enormous market potential, from the approximately 4 million residential buildings, 115,000 industrial buildings, and 520,000 commercial buildings

We rolled out Malaysia’s first residential rent to own solar scheme with monthly repayments ranging from RM398 per month.

Plus Xnergy signed a joint venture with energy infrastructure and technology company Yinson, aiming to develop 250 megawatts of commercial solar PPAs over the next five years.

WITH THE ONGOING ENERGY CRISIS AND INFLATION, HOW WOULD YOU SAY THAT HAS IMPACTED THE SOLAR ENERGY INDUSTRY LOCALLY?

Businesses throughout Malaysia are looking to kickstart their Environmental, Social & Governance (ESG) journeys while keeping a constant watch over their spending The energy crisis, inflation, manpower shortages are all pushing factors for businesses to pivot sustainability practices which include our business.

For us, challenges include:

Rising costs Prices of goods in all sectors are on the rise, including those for materials and components of solar photovoltaics From record lows in 2020, solar panel prices, which make up more than half of project costs, have risen 18% since the start of the year after falling by 90% over the previous decade as prices of polysilicon and aluminum jumped multi fold to near decade highs.

Manpower As seen widely in other sectors, there is a shortage of skilled manpower. As such we have begun taking in those with the right qualifications and providing them with proper training to absorb them into our firm Winning more clients means we must be able to install for and service them, hence our drive towards acquiring talent

We believe that our restructuring will help us drive revenue in the various segments from home solar, to commercial and power purchase agreements

Energy crisis Amid a climate of war in the Ukraine, energy prices have increased worldwide, affecting other commodities Whilst this presents opportunities for us to offer an alternative energy source, the inflation created by this situation does affect us in other areas/costs The inflation in Malaysia is expected to remain high for at least the third or fourth quarter of the year before tapering off

SINCE PLUS XNERGY REBRANDED TO DEVIATE FROM JUST PROVIDING PURE SOLAR SOLUTIONS, HAS IT IMPROVED THE AGILITY?

This helps us have varied revenue streams by providing solutions in line with the Energy Trilogy, which consists of Energy Generation, Energy Efficiency, and Energy Storage

We believe that our restructuring will help us drive revenue in the various segments from home solar, to commercial and power purchase agreements

The energy crisis, inflation, manpower shortages are all pushing factors for businesses to pivot sustainability practices which include our business."

WHAT INSPIRED THE VENTURE TOWARDS RESIDENTIAL HOME SOLUTIONS?

The inspiration came as we saw that Malaysia aims to triple its installed solar capacity in 2025 from 2020, according to the Sustainable Energy Development Authority Malaysia (SEDA).

In Peninsular Malaysia alone, there is enormous market potential, from the approximately 4 million residential buildings, 115,000 industrial buildings, and 520,000 commercial buildings.

Recognizing this market potential and the fact that many Malaysians face accessibility challenges in owning a solar PV system which can also include average income earners In order to address this, we rolled out Malaysia’s first residential rent to own solar scheme with monthly repayments ranging from RM398 per month

The scheme is touted to save up to 90% of a household’s monthly electricity bills, resulting in minimal to zero increases in monthly expenses for consumers

Responses have been positive thus far and we hope to ramp up their efforts in awareness for this new revenue segment

We tell our customers they have more options for energy and do not have to keep paying electricity bills to electricity providers indefinitely but reduce up to 90% of their bills by renting a solar PV system, which can start from RM398 per month

Responses have been positive thus far, with great customer testimonials and we hope to ramp up their efforts in awareness for this new revenue segment

As of today, we (Xnergy Home) have over 80% of RTO subscription customers Not only is the solution affordable but also worry free with our inclusive warranties

We will continue to strive towards our goal of “everyone can go solar”, and ensure every household can access affordable solar energy

CAN YOU SHARE MORE ABOUT THE NEW JOINT VENTURE WITH YINSON?

Just in May, Plus Xnergy signed a joint venture with energy infrastructure and technology company Yinson, aiming to develop 250 megawatts of commercial solar PPAs over the next five years.

PLUS XNERGY JUST LAUNCHED THE FIRST RENT-TO-OWN SOLAR SOLUTION IN MALAYSIA, WHAT HAS THE MARKET RESPONSE BEEN LIKE?

The response is good, many customers from local families didn’t know about rent to own (new payment/ subscription concept), which is an eye opener for them not only for solar for homes but also rent to own

Xnergy Home, the first rent to own solar program, starts from RM398 per month for a period of five (5) years where consumers will not need to pay upfront cash or take out a bank loan

Plus Xnergy Services Sdn Bhd (“PXS”) has formed a joint venture with Yinson Holdings Berhad (“Yinson”) through its subsidiary, YR C&I Pte Ltd, to develop and implement commercial and industrial (“C&I”) rooftop solar photovoltaic (“PV”) projects in Malaysia The joint venture will enable Plus Xnergy Asset, a subsidiary of PXS, to invest in and develop power purchase agreement (PPA) projects Since last August, they have now secured PPA projects with a total value of RM43 million over the PPA tenure.

We sought to merge Yinson’s experience as an energy infrastructure and technology firm with a worldwide presence, and our strength as a leading solar PV system provider and Engineering, Procurement, Construction, and Commissioning (EPCC) solutionist in Malaysia We felt their particular experience made the most sense to us

HOW WILL THE JV FOR POWER PURCHASE AGREEMENTS (PPAS) EFFORTS BENEFIT BUSINESSES DURING THIS ENDEMIC PHASE AND THE STATE OF INFLATION?

The two firms have jointly invested in solar PV projects via power purchase agreement (“PPA”) schemes and together, have successfully secured PPA projects with a total value of RM43 million over the PPA tenure

Businesses can benefit from the PPA during this period of time as businesses will not incur capital expenditure (zero CAPEX) when adopting a solar solution Aimed at optimizing cash flow, businesses gain reduced electricity tariffs over a 15 20 year tenure Once mature, business owners take full ownership of the solar setup and its savings benefits.

This is especially useful for factories that operate 24/7 who can enjoy the full benefits a there is no upfront capital and get closer to net zero in light of Bursa Malaysia’s goal to go carbon neutral as early as 2022.

Other benefits of PPA include:

Businesses would like to optimize their cash flow in different areas based on the nature of the business. For example, businesses in construction material

Lower commitments in terms of asset ownership most MNCs would prefer lower commitment assets as they would prefer to have an easy aftercare process

If clients are looking for ways to kickstart ESG but are unable to commit to a sizeable investment, PPA is a great option.

Simplified process There tend to be many approvals in place when it comes to procurement which can require approvals from the boards when it comes to investing in big assets and PPA would simplify them.

NEM Businesses can enjoy the scheme even if they adopt PPA

YOU MENTIONED WORKING WITH COMPANIES ON THEIR ESG JOURNEYS. CAN YOU RE-ELABORATE WHY MORE COMPANIES SHOULD TAKE ESG MORE SERIOUSLY?

Even with the ongoing challenges such as the global energy crisis, inflation and labour shortage, we still see the need and commitments from businesses to strengthen their ESG journey by implementing clean energy to future proof their businesses In fact, we've had local large corporations and SMEs as clients who want to embark on ESG journeys, as well as successfully helping over clients such as Jooi Brothers (Asadi), KHIND and UWC adopt clean energy

Businesses can create market value with clean energy sources through ESG such as:

MORE CAPEX USE FOR MORE COMPANY ACTIVITIES WHICH INCLUDE:

Reducing energy consumption leads to lowering overall OPEX.

Reduce corporate tax

More cash flow to invest in industrial automation and AIoT that can help businesses resolve labor shortages.

DIVERSIFICATION OF INVESTMENT PORTFOLIO

Enhance investment portfolio with more allocation of capital in the long run

Making full use of the building’s rooftop as the unused rooftop accumulates dust, but solar rooftops help reduces energy bills & taxes (CAPEX) while increasing the property value of the building

TOP LINE GROWTH

Strong ESG proposition that helps companies tap into new markets

Attract businesses and consumers and strengthen the companies’ competitive advantage, especially when the business has a global audience.

INCREASE EMPLOYEE PRODUCTIVITY AND WELLBEING

Implementing ESG will help employees to focus on more crucial areas within the organization.

Today’s growing workforce define their sense of purpose through work and are looking for opportunities to contribute to what they believe is their wider purpose so having a long term purpose such as ESG keeps employees motivated

Sanoj James

Head Engineering, Total Solar Distributed Generation (SEA)

Our portfolio covers a wide range from Roof Top, Ground mount, off grid systems, floating, etc It is not just energy savings but we also provide reactive power compensation to reduce customer charges as part of our PV projects.

We have developed with our partners a robust platform for monitoring our assets and analytics tools that help us, deep dive, into the plant performance and take timely remedial measures in order to ensure the plant performs to design

LET’S BEGIN WITH A GLIMPSE OF YOUR COMPANY’S PRESENCE AND OFFERINGS IN THE SOUTH EAST ASIA REGION.

TotalEnergies Renewables DG APAC short for Distributed Generation is focused on developing and implementing DG Solar projects across APAC We set up DG projects across a wide range of customers and topologies Some of our most interesting ones are a 25MW project for the food & beverage industry, around 10MW for a footwear manufacturer, and about 10MW for the automotive industry, including several major similar projects We also provide off grid solutions comprising a battery, PV, and DG for a reputed FMCG major in the region The

TotalEnergies Renewables DG APAC short for Distributed Generation is focused on developing and implementing DG Solar projects across APAC.

PLEASE TELL OUR READERS ABOUT HOW YOU STARTED YOUR JOURNEY IN THE SOLAR INDUSTRY AND HOW HAS THE JOURNEY BEEN SO FAR.

My first foray into the solar PV industry was developing manufacturing lines for Thin Film ASi modules It was an interesting start when silicon prices were around 380$/Kg and module efficiencies of 10% and USD 1/Wp were targets Later I moved on to join a reputed global EPC building PV projects across SEA Was involved in Engineering and O&M of PV plants across various geographies During the period 2010 to 2020 designed and maintained PV projects from a few KW to 100+MWp in a wide geography from Egypt to the Philippines

WHEN IT COMES TO SOLAR ASSET MANAGEMENT, WHAT ARE THE STEPS TAKEN BY THE O&M TEAM TO INCREASE PERFORMANCE WHILE IMPROVING THE LIFECYCLE OF THE PROJECT?

As for performance improvement, it’s not just the O&M phase but it starts with conceptualization and goes on to the asset management phase There is no one size fits all philosophy But some of the key considerations are:

Accounting for the ambient conditions of weather wind, temperature, dust levels, lightning

Ensuring design to meet the required electrical parameters of interconnection Voltage, frequency

Creating an asset management plan in line with the project:

Cleaning frequency to be adjusted in line with the actual soiling rates The issue of a longer cleaning period is not just higher soiling loss but also the dust becoming resistant due to lack of cleaning on longer time leading to damages to module surface

Checking the system components

1 2 3. 4

Cabling Module I/V curve, Thermography Electrical distribution panel Earthing

A robust monitoring and analytics platform is key to effective management We have developed with our partners a robust platform for monitoring our assets and analytics tools that help us, deep dive, into the plant performance and take timely remedial measures in order to ensure the plant performs to design.

On a side note we own and operate our assets in the long term at TotalEnergies so any non performance has an adverse impact on our financials and this puts additional significance on our asset management tool.

It was an interesting start when silicon prices were around 380$/Kg and module efficiencies of 10% and USD 1/Wp were targets."

WHAT MAJOR TECH TRENDS DO YOU SEE SHAPING THE FUTURE OF THE SOLAR SECTOR IN THE NEAR FUTURE?

The trend for PV can come from multiple areas. To me, the first changes we will see would be wrt to modules moving towards the N type potentially in the next year thus increasing the overall yield

Flexible PV modules and BIPV would also evolve over time. Though may not be the next 2 year target but for sure in the next 8 to 10 years

Energy storage clubbed with PV would be another trend that we see. The world of storage may see a significant evolution in terms of distributed storage with prices dropping

But another significant change I envision is the potential for grid based storage where the storage source would be available on a lease model in local grids. The generator would have the option to store the excess energy on this storage and draw as required This might mean some changes to the grid regulation But I see a potential for this to evolve a lot as this means the storage cost could be optimized by sharing with other generators and having distributed generation has the added advantage of reducing the burden on the grid

We could also see the potential of using new revenue streams from PV as most PV inverters can provide reactive power support The grid operator and customers can utilize this feature to reduce the reactive power demand on the grid

WHAT IS YOUR GROWTH PLAN FOR THE SOUTH EAST ASIAN REGION FOR THE NEXT COUPLE OF YEARS?

Well, this is more a sales question. Coming from the technology side I cannot throw too much light on this But I do see us coming up with new approaches to the market and diversifying to newer countries as we scale. Having said that potential YoY growth of 50% is not too off the mark But its not for my role to define the number here

Jell Jiang

Head of GoodWe Southeast & Central Asia

GoodWe is committed to customizing product design, providing dynamic solutions and giving real benefits to our customers and end users. Under the global trend of transition to renewables, more and more countries and regions will achieve grid parity and the renewable energy industry will boom GoodWe’s solutions have the best competitive overall cost balance and return on investment

GoodWe can show the market that times have changed, the situation is different from 10 years ago; solar systems can meet grid parity or more economical solutions.

WHAT INTERESTED YOU IN THE FIELD OF SMART ENERGY? WAS IT SOMETHING YOU HAD PLANNED FOR YOUR CAREER?

I entered the PV industry in 2008 with optimism and enthusiasm for the renewable and PV industry I had a great first impression and I felt passionate about the profession Energy can bring people real tangible benefits, solve the dilemma of weak power grids in residential areas and help save on electricity bills, especially for commercial purposes. I clearly remember the 2009 SNEC PV POWER EXPO in Shanghai, there were very few companies and only small ones Compare that to the 2021 SNEC and you get a completely different picture Under this global trend of transition to renewables, more and more countries and regions will achieve grid parity and the renewable energy industry will boom

GoodWe is one of the big players, we are a leader in smart energy, and our slogan “create a new era of smart energy” reflects that Working for the RE industry requires courage and dedication; it is a global dream, competing with traditional fossil fuels and achieving a win win situation for the world It requires a lot of work and collaboration.

WHAT QUALITIES SHOULD A PROFESSIONAL POSSESS TO BUILD A CAREER IN THE FIELD OF ENERGY AND SUSTAINABILITY?

Basic physics and a deep understanding of electrical mechanics are the foundation They should understand global trends, energy distribution, energy demand, carbon emissions, and other policies related to the RE industry An optimistic and positive personality is always a bonus

WHAT IS THE MOST REWARDING ASPECT OF WORKING IN THE SMART ENERGY/SUSTAINABILITY INDUSTRY?

I have seen a lot of pioneers who are struggling to innovate and develop in the RE industry, they are working relentlessly to develop and research technologies and manufacturing techniques I will never forget the huge milestone China reached in 2015/2016. More enterprises can provide PV solutions to reach grid parity, make different solutions for different requirements, survive without FIT, and be self sufficient

We should always fully respect different cultures, and religious beliefs and support them instead of assessing them or complaining about them."

our energy storage system can maintain 24 hours of power supply, to achieve the lowest electricity price or zero carbon."

ADOPTION OF SOLAR ENERGY IN SOUTHEAST ASIA HAS BEEN A BIT SLOW, PARTLY DUE TO THE COSTS REQUIRED TO SET UP RELEVANT INFRASTRUCTURE. HOW CAN COMPANIES OVERCOME THIS FINANCIAL HURDLE AND EMBARK ON THEIR SUSTAINABILITY JOURNEY?

PV development in Southeast Asia is related to the national economic system and sometimes relies on policy support, especially large scale consumption that requires support from government incentives Apart from this, overseas funds or loans for investment will also be a good way to increase ROI

GoodWe can show the market that times have changed, the situation is different from 10 years ago; solar systems can meet grid parity or more economical solutions We are also committed to customizing product design, providing dynamic solutions, and giving real benefits to our customers and end users

HOW CAN RESIDENTIAL AREAS ADOPT SOLAR ENERGY? DO YOU HAVE ANY MESSAGE TO ENCOURAGE HOMES TO MAKE THE CHANGE?

If the peak and valley price of electricity is high, it is very cost effective to install solar systems In order to support weak power grids, and respond to the problem of frequent blackouts in residences, our energy storage system can maintain 24 hours of power supply, to achieve the lowest electricity price or zero carbon

GoodWe’s solutions have the best competitive overall cost balance and return on investment Strong quality, pre/after sales service, lower failure rate, we really go the extra mile to bring our customers added value

FOR COMPANIES OR HOMES HAVING LIMITED BUDGETS, WHAT IS AN IDEAL WAY TO START TRANSITIONING TO MORE SUSTAINABLE OPERATIONS?

It’s better to find a new model which is more suitable for the development of PV in Southeast Asia, such as IPP If solar electricity charges are lower than the grid, apart from government support from policies or incentives, you can also get support from financial loans or installment repayments to install the solar system first because there is a real return on investment Another solution is to proceed step by step; it is not necessary to install the entire roof right away You can choose to install part of the roof first, when the electricity bill rises and the solar system cost drops, you can install the remaining part.

WHAT STRATEGIES DO YOU IMPLEMENT TO CONNECT WITH A DIVERSE MARKET LIKE SOUTHEAST ASIA?

We should always fully respect different cultures, and religious beliefs and support them instead of assessing them or complaining about them We should try our best to localize, and use local resources for local operations. To be more inclusive, we should differentiate our approach in order to meet different needs and expectations

We feel bullish about South East Asian markets, such as Vietnam, Malaysia, Thailand, Indonesia, also Pakistan in Central Asia. We will speed up our operations in these areas to better meet customers’ requirements and expectations The local bonded/after sales warehouse is currently under preparations and will soon be operating We are also considering production line localization to keep up with rapid market growth. GoodWe certainly treats SEA as a high priority market

GoodWe (Stock Code: 688390) is recognized as the world's top manufacturer of the solar energy storage system by renounced institutions and organizations in the world, and we get them for many reasons:

WE ARE THE PIONEER FOR ENERGY STORAGE IN THE SOLAR INDUSTRY.

Right after our establishment in 2010, GoodWe dived into the research process to create an inverter that can help a PV system store it redundant energy and introduced our first hybrid inverter to the world in 2012

Our leader considered the technology of energy storage to be the true future of Renewable Energy, with its natural energy level fluctuations, GoodWe believe, that storing redundant energy is the answer, is the most efficient way to control and contribute clean electricity

GOODWE IS CAPABLE OF MEETING CONSUMERS’ NEEDS

With the widest range of capacity from 3 50kW with numerous hybrid inverters models, GoodWe truly is the king when it comes to users’ needs, from residential to commercial and industrial, from 1 phase to 3 phases, our multi types of hybrid/ retrofit / on grid with battery ready code kind of inverters can meet them all

And not just that, our brand can adapt to market new demand, if there is a need that our current products cannot meet, our R&D team shall immediately join forces and make a new one please our customer Any adjustments or creation can be put together so quickly, that it feels like magic Name your needs, fasten your seat belt and here we go.

OUR HYBRID INVERTERS ARE OF HIGH EFFICIENCY AND SAFETY

Efficiency and Safety is the first two things that pop up in any customer’s mind when it comes to solar installation and GoodWe is the perfect combination of these characteristics.

All our hybrid inverters can achieve the Maximum Efficiency of 97 6% which brings customers higher ROI, shorten payback time and ultimately make the investment on GoodWe ESS a worthwhile one

Safety first is our motto in creating any product Hence, all the best techniques available in the current market are integrated into our highly efficient hybrid inverter The machine is designed to smartly

detect arc fault and prevent it from happening, with IP65 at the least, your inverter shall be protected against dust and water drop/ spray, etc

WE OFFER A COMPLETE SOLUTION AND SO MUCH MORE

The problem with an energy storage system is O&M because often time, such a system shall use an inverter from one brand and a battery from another brand, therefore, when there’s an issue, it’s hard to claim a warranty because it’s complicated to decide the problem caused by which brand

Understanding the issue, GoodWe develop its own lithium battery lines which can be compatible with our hybrid inverters And customers can be benefited from our all in one solution where they can save cost and simpler both buying and managing the system

GoodWe is also ready to go far and beyond to meet our customers’ expectations with so much more benefits packed in 1 complete solution, from uninterrupted power to integrated export limit control and with just 1 app away from monitoring the system, our solution helps to maximize your self use energy rate, simplify your daily life with an easy and worry free lifestyle

CHOOSE GOODWE, CHOOSE EFFECTIVELY, CHOOSE SAFETY, EASY CHOICE

“GoodWe’s energy storage system is great, stable and very high on efficiency I have installed GoodWe’s hybrid inverter, ET series, from 2016 and encountered no problem at all, the system runs smoothly, quietly makes me feel very secure and happy, and allows me to have more fun at home with my family without worrying about the electric bill at all”, Mr Tuan, GoodWe’s customers since 2016

New GoodWe ESS in 2022 Da Nang, Vietnam 5kW ES hybrid inverter SECU A lithium battery

Thailand’s Recent 5GW Renewable Energy (RE & Challenges For RE D BACKGROUND

The Thai government made a commi 2050, and net zero carbon emissio conference held in Glasgow last ye recently the Thai Energy Regulatory Commission ( ERC) released a draft announcement to announce a tender for power purchase from renewable energy sources under the Feed in Tariff (FiT). The National Energy Policy Committee (NEPC), the highest Thailand government authority responsible for setting overall national energy policy, approved power procurement from renewable sources under the Feed in Tariff(FiT) Scheme 2022 2030, ("New RE Quota") The “New RE Quota” is approved in accordance with the national Power Development Plan 2018 2037, First Revision (PDP 2018 Rev 1) Accordingly, the Energy Regulatory Commission (ERC) has issued draft regulations setting out the requirements, terms, and conditions for the New RE Quota

OPPORTUNITIES FOR RE DEVELOPER

DISCOMs are authorized to purchase electricity from small power generators (SPPs) or very large power producers (VSPPs) They will do so by using the following renewable energy sources in priority order: (i), wastewater/waste, (ii), wind and ground mounted solar with battery storage systems (Solar+BESS), and (iv) Ground mounted solar

2

1 3

The New RE Quota's total target MW is 5,203 MW This includes 1,500 MW each for wind and biogas, 2,368 for ground mounted solar, and 1,000 MW per Solar+BESS

Power purchase agreements between DISCOM (and solar developers) will be granted on (i), a "nonfirm" basis to biogas, wind, and solar power plants with a contracted capability of not over 90 MW; and, (ii), a "partial firm" basis to Solar+BESS power stations with a contracted potential of more than 10 MW but no more than 90 MW. Each PPA has a term of 20 25 years

RE developers must be registered juristic entities in Thailand They cannot be government agencies or state owned enterprises

The “New RE Quota” will only award power purchase agreements (PPAs) to new projects They cannot be existing projects under any other scheme, quota or commitment, or any project that has been previously evaluated by a government agency, and found to have failed to develop or suffered from issues under a previous program.

ELIGIBILITY CRITERIA FOR RE DEVELOPER OTHER CRITERIA

All Renewable Energy Certificates (RECs), derived from projects under the New RE Quota, must be owned by government agencies.

CHALLENGES FOR RE (RENEWABLE ENERGY) DEVELOPERS

All Renewable Energy Certificates (RECs), derived from projects under the New RE Quota, must be owned by government agencies.

Risk Of Inflation

The NEPC Resolutions do not indicate that a variable Feed in Tariff (FiTv) (i e the figure announced by the ERC each year to account for inflation) will be used in calculating the FiT for these Projects Thus, It is probable that the FiT for each type of Project will remain constant throughout the term Due to the global inflation risks in 2021 22, and the volatile global geo political situation, developers will assume inflation risk Thus, Inflation risks will be a key consideration for financial model developers

Stringent Evaluation Criteria

Developers who submit proposals need to have the required experience and a track record of successful development of similar projects Developers who submit proposals must have experience with similar projects Bidders won't be required to submit proposed FiTs, as the NEPC Resolutions define the FiT rate.

Risk Of land Allocation

Developers need to consider whether they will own or leasehold the project land, or whether there is an agreement to purchase the project land or rights Whether, the location of the proposed project site is near the appropriate interconnection points

TrinaTracker Vanguard 1P

TrinaTracker, a business unit of Trina Solar Ltd. (SHA:688599), is a global solar tracker solutions leader focused on providing “state of the art” designs tailor made to terrain characteristics and weather conditions TrinaTracker is entirely focused on quality and innovation to provide its clients with high technology solutions that achieve the highest energy yield, lowest BOS costs and LCOE

TrinaTracker Vanguard 1P is a 1 in portrait independent tracker with high flexibility to various complex terrains Vanguard 1P adopts the 1P single row design and includes technology advantages that guarantee higher reliability, more significant power generation, optimised balance of system (BOS) cost and enhanced adaptability.

The Vanguard 1P series is fully compatible with ultra high power modules ranging from 400W to 670W+, further enriches the tracker’s application scenarios and upgrades TrinaTracker solutions An exquisite combination of technology and quality, the Vanguard 1P is developed by an experienced international R&D team to meet market demands in all application scenarios

THE

130mm large R corner square beam structure to ensure structural safety

Bilateral damper system that improves system rigidity and stability

A comprehensive wind tunnel test performed by CPP

Trina’s self developed smart controller system provides multiple communication methods, power supply modes, grid connections and extreme weather protection strategies which improve system stability and multi scenario adaptability

SuperTrack tracking technology that increases power generation by 3 8%; The patented SuperTrack is featured with two algorithms, among which, the Smart Tracking Algorithm is used to optimise energy production in high diffuse irradiance weather conditions, while the Smart Backtracking Algorithm optimises energy yield when the installation of arrays in irregular

VANGUARD 1P INCLUDE

Patent spherical bearings technology increases terrain adaptability and relieves structural stress and acclimates to other terrain changes

Intelligent cleaning robot solution to ensure maximum energy yield

Trina Smart Cloud tracking solution provides smart O&M with remote monitoring and control, forecast components performance and recommendations to reduce costs and increase efficiency

With Vanguard 1P, TrinaTracker once again proves that its core DNA is characterised to be pioneering in quality and novelty The company continuously focuses on offering high technology solutions that achieve the highest energy yield, the lowest balance of system (BOS) costs, and levelized costs for its clients

TrinaTracker is the only company in the solar market that offers modules, trackers and intelligent monitoring from a single source

More information about the TrinaTracker Vanguard 1P can be found on https://pages trinasolar com/vanguard 1p html

Trina Solar’s bifacial 600W+ modules

Advantageous and reliable ultra high power bifacial dual glass modules are playing a significant role in boosting energy yields and thus creating greater value for end customers A virtual conference tilted Bifacial & Solar Trackers Boosting Solar Power Plant Yields was recently organized by Taiyang News, a disseminator of news related to the solar power industry As part of the conference, industry experts studied empirical data from field tests, showing higher energy produced by bifacial Vertex ultra high power modules in a different environment 20GW+ of Trina Solar’s bifacial dual glass modules have now been shipped.

Optimizing project design for best bifacial modules energy gain

Compared with mono facial modules, ultra high power bifacial modules generate higher power output, in that the total power generation comes from both the front and rear sides of the module, while the latter depends on the bifaciality and the irradiation that reaches the rear side of the panel Backside irradiation is affected by various factors, including environment, project design, ground surface condition In Trina’s empirical study, analyses were done of three main factors: albedo latitude, scattered light and the mounting height’s (elevation) contribution to the energy yield of bifacial modules. Higher albedo, higher latitude, more scattered lights and higher elevation would normally contribute to greater yield gain

Bifacial 210 Vertex module boosts energy yield efficiently in various environments

The cases presented at the conference included three different types of ground: grass, gravel flat floor and sand They were conducted by third party institutes and demonstrated a higher energy yield of Trina Solar’s bifacial Vertex 600W+ modules

In Yinchuan, China, bifacial Vertex modules tested by CPVT were installed on the sand at a medium latitude. The power generation of the 210 bifacial modules was more than 10.51% higher than that of the reference 210 mono facial modules per watt.

Bifacial 670W+ modules in Hainan, China, tested by TÜV Rheinland, were installed on the grass at a latitude close to tropical. The field data showed that the power generation of the 210 bifacial modules was about 6 1% higher than that of a reference 210 mono facial module per watt

In Cologne, Germany, the same modules tested by TÜV Rheinland were located on gravel. Due to higher latitude and higher scattered light and advantages in low irradiation, the power generation of the 210 bifacial Vertex module was more than 8 6% higher than that of the reference 210 mono facial module per watt

In Yinchuan, China, bifacial Vertex modules tested by CPVT were installed on the sand at a medium latitude The power generation of the 210 bifacial modules was more than 10 51% higher than that of the reference 210 mono facial modules per watt

In addition to all these tests, Trina Solar has conducted other empirical studies, including on grass, sand, white substrate, cement, with results that show the bifacial module has realized considerable gains and significantly reduced energy costs

Superb bifacial modules’ value: lower LCOE

As a result of significantly higher energy gain and reliability, Trina Solar’s Vertex 210 bifacial modules contribute to lower LCOE At the recent conference, Trina Solar presented the results of a virtual 50MW project assessment in Spain (latitude: 37.25º N, longitude: 5.87º W, altitude: 60 m, GHI: 1850 3Kwh/m2, DiffHor:597Kwh/m2) showing that in a fixed tilt system bifacial modules can reduce LCOE by 1 93%, and in a tracker system 2 26%

Higher energy yield and lower LCOE prove bifacial modules’ great value Trina Solar has always been committed to creating greater value for its global customers through its unstinting efforts in technological and product innovation

Global experts give a big tick to Trina Solar’s bifacial 600W+ modules’ value, high reliability and remarkable energy gain performance

210 bifacial module’s excellent reliability

Trina Solar’s 210 bifacial module demonstrates superior reliability in various ways

First, in the structure, the bifacial module requires replacing the standard solid back sheets with glass Double glass encapsulation provides additional protection to embed solar cells because of its excellent reliability and durability through a high resistance to five aging factors in nature: alkaline, acidic, high temperature, high humidity and UV

Moreover, superior reliability, including a longer product warranty (upgraded to 30 years), lower degradation (P PERC 2% the first year, 0 45% annually) and excellent bifaciality (P PERC: 70% ±5%, N type: 80% ±5%) also contribute to greater energy yield

The performance and reliability of Trina Solar’s 210 bifacial modules have also been endorsed by independent testing organizations such as RETC and PVEL Last month the company was recognized as an Overall High Achiever by RETC for its 670W series modules’ superior reliability, performance and quality Earlier, Trina Solar was named a Top Performer by PVEL for the eighth year in a row, highlighting Trina Solar’s commitment to excellent quality consistency, high reliability and outstanding safety of its modules.

Thailand’s Energy Regulatory Commission (ERC) Issued A New Draft Regulation For Renewable Energy Procurement Through Auction.

Recently, the National Energy Policy Committee (NEPC) approved the opening of a new quota for purchasing electricity from renewable energy sources under a Feed in Tariff (FiT) scheme between 2022 2030 for power plants with no fuel costs ("New RE Quota") The “New RE Quota” is approved in accordance with the national Power Development Plan 2018 2037, First Revision (PDP 2018 Rev 1) Accordingly, the Energy Regulatory Commission (ERC) has issued draft regulations setting out the requirements, terms, and conditions for the New RE Quota.

Snapshots Of New Draft RE Quota Regulations

Purchasing Target:

a DISCOMs are authorized to purchase electricity from small power generators (SPPs) or very large power producers (VSPPs) They will do so by using the following renewable energy sources in priority order: (i), wastewater/waste, (ii), wind and ground mounted solar with battery storage systems (Solar+BESS), and (iv).Ground mounted solar

b The New RE Quota's total target MW is 5,203 MW This includes 1,500 MW each for wind and biogas, 2,368 for ground mounted solar, and 1,000 MW per Solar+BESS.

c Power purchase agreements between DISCOM (and solar developers) will be granted on (i), a "non firm" basis to biogas, wind, and solar power plants with a contracted capability of not over 90 MW; and, (ii), a "partial firm" basis to Solar+BESS power stations with a contracted potential of more than 10 MW but no more than 90 MW Each PPA has a term of 20 25 years

Feed in Tariff (FiT) Rates

Thailand's First Climate Change Bill:

Thailand, a signatory of the Paris Agreement, and an active participant in the recently concluded COP26 summit held in Glasgow has pledged to aggressively combat climate change It set a goal to achieve carbon neutrality by 2050 as well as net zero emissions for 2065. To achieve this goal, Thailand’s long term environmentally friendly development strategies include drafting a climate change bill, adopting the bio circular green economy model, and setting a target for electric vehicle deployment, among others

To support the long term development strategy, the “Climate Change Bill” (the " Bill") will be submitted to the Thailand Cabinet for approval

Overview Of The Climate Change Bill

The bill will establish a National Climate Change Policy Committee (NCCPC). The NCCPC will be responsible for developing and integrating climate change strategies, policies, and plans, including mitigation and adaptation frameworks The NCCPC will also provide recommendations on legal and financial mechanisms and measures that can be used to reach climate change goals and policies In collaboration with the office of Natural Resources and Environmental Policy and Planning ("ONEP") and other state agencies, the NCCPC will put plans into action through Cabinet and the relevant state agencies. It will also coordinate with other state agencies to address climate change issues The ONEP will be a focal point for data collection to track progress toward reducing emissions and assess the risks and impacts of climate changes

A. Climate Change Of Work Plans

i. The climate change master plan: With approval from Cabinet, the NCCPC will issue a climate master plan (the " Masters Plan") to provide an overall framework for dealing with climate change issues

The Master Plan will: (i) outline objectives and operational strategies for reducing GHG emissions; (ii) reflect on climate change mitigation, adaptation, and capacity building; (iii) promote cooperation with the private sector; and (iv) set standards for monitoring, evaluating, and reporting the results of the implementation of the Master Plan. The master plan will be renewed every five years

ii The GHG mitigation action plan: To achieve the GHG mitigation goal, the NCCPC will prepare the Action Plan (the " Plan" ). It will set out key measures and assign emission reduction targets to the relevant sectors The Action Plan will have to rely heavily on the national GHG inventory

iii The climate change adaptation plan: The " Climate Change Adaptation Planning", aims to increase climate resilience and build adaptive capacity in six priority areas These sectors are: (i) water resources management; (ii) agricultural and food security; (iii) tourism; (iv) public health; (v) natural resources management and human settlement; and (vi) security.

B. National communication and GHG inventory

i National GHG inventory: The national GHG inventory is used to track emissions, develop mitigation strategies and policies, and prescribe activities Records should be kept for inspection, monitoring, and any other purposes as set forth in the Bill The Bill imposes duties on the ONEP to initially work with six sectoral agencies These agencies are: (i) the Ministry of Agriculture and Cooperatives; (ii) the Ministry of Transport; (iii) the Ministry of Natural Resources and Environment; (iv) the Ministry of Energy, (v) the Ministry of Interior; (vi) the Ministry of Industry

ii Central national climate database: The ONEP, in collaboration with the Meteorological Department, will maintain a central national climate database that includes data on forecasted climate change events, and associated risks

C. Other Carbon Mitigation Enabler:

Thailand is currently focusing on market based cooperation in contributing to the reduction of GHG emissions It has developed many mechanisms following a voluntary carbon market framework to increase carbon credits Thailand is also a party to the first ever bilateral market based cooperation under the Thai Swiss implementing agreement to the Paris Agreement for emission reduction cooperation entered into in June 2022