Page 18 - AsiaElec Week 44 2021

AsiaElec NEWS IN BRIEF AsiaElec

Australia earmarked to supply hydrogen and Company Limited, Canadian Solar Inc. The company works with governments
ammonia to Japanese power plants are based and Trina Solar Co. on the list of solar and businesses on speeding up the energy
on natural gas or lignite. While the use of manufacturers tied to Hoshine Silicon transition. It has committed to carbon
carbon capture and storage has been proposed Industry Co. that have had modules stopped neutrality in its operations by 2022 and across
to reduce emissions associated with the in recent months. Xinjiang-based Hoshine its value chain by 2028.
projects, it remains an expensive technology. produces metallurgical-grade silicon that is Primavera Capital recently announced
JERA, Japan’s largest power utility, has used in the solar panel manufacturing process. a USD-600-million investment in two
announced it is aiming to use 20 per cent A spokesperson for Xi’an, China-based subsidiaries of Envision.
ammonia in its fuel mix for about two months Longi said the company is currently looking “Both technology and capital investments
at a 1000 MW unit at its Hekinan power into the report. are important to net zero transition. This
station. Longi fell as much as 9.8% by 2:50 p.m. in strategic partnership will enable Envision to
Shanghai on Wednesday, the largest intra-day mobilize capital investors for building the net
fall since March, while other major solar and zero economy,” Envision chief executive Lei
polysilicon manufacturers also declined. Trina Zhang said at COP26.
SOL AR Solar was down as much as 8.8%, and Xinte Neil Shen, founding and managing partner,
Energy slipped as much as 4.5%. Sequoia China, said the investment is aimed
Longi may be latest Chinese at promoting the construction of a new global
green industrial system.
solar firm to see products RENEWABLES forward to working with Envision on its
“As a long-term global investor, we look
blocked at US border various cleantech ecosystems, including new
wind farms and energy transition assets across
China’s Longi Green Energy Technology Co. China’sg Envision secures the markets,” commented Ang Eng Seng, chief
may be the next solar panel maker to have $1bn in investment investment officer of infrastructure at GIC.
products detained under a U.S. crackdown
prompted by allegations of human rights Chinese green technology firm Envision
abuses in the Asian nation, according to Roth Group has obtained an investment of more
Capital Partners. than USD 1 billion (EUR 864m) from
The world’s largest producer of solar California-based Sequoia Capital, Singapore’s
modules has been notified that detainments GIC Private Ltd and China’s Primavera
of products at the U.S. border are “imminent,” Capital.
analysts at the Newport Beach, California- Envision, a supplier of smart wind
based investment bank said Tuesday in a note turbines, hydrogen, battery and digital
to clients. solutions, announced the investment on
Longi would join JinkoSolar Holding Monday as COP26 got underway in Glasgow.

P18 www. NEWSBASE .com Week 44 03•November•2022