guys, there was a solar biz exbibition/convention in the city last week. lots went down behind the scenes. this should be consolidation week. Next coming ones, we might see a move north.
The International Renewable Energy Agency (IRENA) says that, by 2050, renewables will add about $19 trillion to the world economy, and will create about 6 million jobs.
The increase in use of renewable energy, plus improved energy efficiency, will achieve the emissions reductions needed to keep global temperature rises to no more than 2C, according to IRENA. The aim of the Paris Agreement on Climate Change is to keep global temperature increase well below 2C and if possible below 1.5C.
IRENA says that while changing the energy landscape requires massive investment – some $29 trillion – this only represents 0.4% of global GDP.
In addition to boosting the economy, it will create enough jobs to offset job losses in the fossil fuel industry, and of course, give us a healthier planet to live on.
Renewable energy now accounts for 24% of global power generation and 16% of primary energy supply. To achieve decarbonization, the report states that, by 2050, renewables should be 80% of power generation and 65% of total primary energy supply.
Trive Property Group Bhd will work with Universiti Teknologi Malaysia (UTM) to develop a solar farm with a gross development value of RM150 million, through a collaboration agreement between the university and VSolar Group Bhd.
In a statement, Trive said it will support VSolar by supplying solar components such as solar panels, solar inverters, battery chargers, batteries, solar pumps, mounting frames, trackers and accessories.
On April 11, UTM and VSolar had signed a joint venture (JV) agreement to develop solar energy generation facilities and conduct research and development activities into commercialisation of renewable energy technologies.
UTM will provide a suitable site of approximately 20 acres per 10 megawatts (MW) for solar energy generation facilities up to a capacity of 30MW.
Hyg : actually I did check the company website and Bursa. There is actually a 10mil project on hand with JV of UTM+Trive. The loss is improving for the pass few quarters. Hoping this company will do will in near future.
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Runggi
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Posted by Runggi > 2017-04-18 17:03 | Report Abuse
another disappointing day