Page 14 - AsiaElec Week 12 2023

AsiaElec NEWS IN BRIEF AsiaElec

Reliance, Adani to build 25 mining methods and can be more cost-effective. South Korea’s Jeju Island
Alligator Energy has also announced
GW of green energy in India plans for a pilot field recovery trial, which is to get long overdue wind
targeted for late 2023.
Reliance Industries is planning to add This trial will provide important power setup
10 GW of solar and Adani Ports is planning information on the feasibility of in-situ leach
15 GW of renewables in Andhra Pradesh in mining at the Blackbush deposit and will help LG Energy Solution’s subsidiary AVEL has
southern India, reports Bloomberg. determine the next steps for the project. entered into a business agreement with Korea
The two Indian business conglomerates, South-East Power and Tamra Offshore Wind
owned by Mukesh Ambani and Gautam Power.
Adani, among Asia’s wealthiest men, made Vena Energy moves hybrid The agreement will see the firms
the announcements at a recent investors’ participate in a pilot project aimed at
gathering organised by Andhra Pradesh. project closer to becoming enhancing Jeju Island’s power market
Despite their origins in fossil fuels, both system in an often overlooked part of South
conglomerates are rapidly shifting to green a reality Korea.
energy, with Ambani pledging in 2022 to The three companies will be working
invest $75bn in the sector and Gautam Vena Energy’s Gudadur hybrid project together to predict the amount of renewable
Adani promising to spend $70bn, said is a significant step towards India’s goal of energy that will be generated by connecting
Bloomberg. increasing its renewable energy capacity. offshore wind generators and energy storage
Both firms have established a notable The project’s combination of wind and solar systems (ESSs).
presence in Andhra Pradesh, with Reliance energy generation will help balance the power AVEL intends to initially leverage energy
operating deep-sea gas fields offshore in supply and provide a stable source of clean energy. aggregation technology already in place in
the Krishna-Godavari Basin and Adani The project’s expected capacity to order to help manage the ESS and other
overseeing two major ports. generate clean energy to meet the electricity systems.
Still, the Adani Group has been demands of more than 500,000 households At the same time, Korea South-East
grappling with damage-control efforts in annually is impressive and will go a long way Power will, it is understood, be offering its
the wake of a critical report from a short in reducing the country’s carbon footprint. expertise in the forecasting of the system’s
seller that triggered a sell-off in stocks and Vena first green project financing administrative aspects while reports in local
bonds. arrangement is also a positive sign for the South Korean media now indicate that Tamra
In Andhra Pradesh, a high court had renewable energy sector in the country. Offshore Wind Power will be the agency
ruled that state distribution utilities need not The involvement of five mandated lead bringing wind power operational data to the
pay renewable energy producers the amount arrangers in the project shows the confidence table.
agreed to in power purchase agreements that financial institutions have in the project’s
(PPAs). viability and sustainability.
But that was overturned by another high This could, in time, attract more investors Malaysia looking at solar
court ruling in 2022, so the state is once again to the renewable energy sector in India,
looking more promising for renewable energy leading to more green energy projects and a to help achieve the nation’s
investment. cleaner future for the country.
shift to green power
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Possible U308 leach Eternalplanet Energy make significant role in Malaysia’s green
Solar energy is expected to play a
operations site identified in moves into Japanese transition, with a potential installed
capacity of up to 153GW by as soon as
South Australia 2050.
The required investment of $10.8 bn
Alligator Energy has announced that a consumer market by the end of the decade to install up to
scoping study has confirmed the potential The World Smart Energy Week in Tokyo 17GW of solar PV capacity is significant,
of the Blackbush deposit at the Samphire recently saw Eternalplanet Energy enter but it’s a necessary step towards
uranium project in South Australia as a leach the Japanese consumer market achieving the country’s energy transition
operation. The EP Cube residential energy storage goals.
The study has outlined a life-of-mine system combines a hybrid inverter with Similarly, an estimated investment
production target of 10 mn pounds U3O8 lithium-ion batteries, allowing house of up to $8 bn aimed at upgrading the
over a period of 12 years, with an target owners to connect the new system to domestic grid by 2030, is also needed to
production number of 1 mn pounds per year existing or newer model PV systems. ensure a better degree of overall system
over eight years. Options exist for ramp-up It is reported as both stackable and flexibility and integration of any possible
and ramp-down. modular, making it easy to install and new renewables systems Malaysia looks at
In-situ leach mining, also known as in-situ customize according to any given home in the future.
recovery (ISR), is a process used to extract energy demands and ranges in size from In a recent report pointing to the need
minerals from an ore body without removing 6.6kWh to 13.3kWh. for an investment of at least $375 billion
the material from the ground. Also noteworthy is its ability to by 2050, in Malaysia, a focus on the local
Instead, the minerals are extracted by store excess energy generated by a solar power sector and required nationwide
pumping a leaching solution into the ore PV system during the day for use at structural grid improvements were deemed
deposit, which dissolves the mineral and then night or during periods of low energy critical issues if the transition to a more
extracts it from the deposit. production which can help lower their renewable energy-based system is to be
The process is less invasive than traditional energy bills. eventually realised.™

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