Latest news with #GavinAdda
Korea Herald
24-06-2025
- Business
- Korea Herald
Samyang Foods and Peak Energy Complete Rooftop Solar Project at Korea's Most Advanced Instant Noodle Facility
The system is now operational at Samyang's flagship Miryang plant, delivering clean and cost-effective electricity and supporting carbon neutrality goals SINGAPORE and SEOUL, South Korea, June 24, 2025 /PRNewswire/ -- Samyang Foods Co., Ltd. ("Samyang Foods"), Korea's first instant noodle producer and one of the fastest-growing global food brands, has partnered with Peak Energy, one of the leading renewable developers in the country, to install and operate a rooftop solar power system at its Miryang production complex in South Gyeongsang Province. Under the long-term agreement, Peak Energy installed more than 1,100 PV modules across the original plant and the newly completed second facility. The system is now generating over 986 MWh of clean electricity annually, covering approximately 7% of the site's total power demand and avoiding an estimated 453 tonnes of CO₂ emissions per year. Samyang Foods will purchase solar electricity from Peak Energy, achieving long-term cost savings while furthering its carbon reduction strategy. The successful completion of this project aligns with Korea's 11th Basic Plan for Long-Term Electricity Supply and Demand, which targets 21.7% renewable energy in the national mix by 2030. It demonstrates how onsite renewable projects can simultaneously reduce operating costs and carbon footprints for industrial players. Samyang's Miryang complex – now comprising two plants after the new facility's completion in June 2025 – is a central hub for global exports. The solar project marks a major step in Samyang's roadmap to reach net-zero emissions by 2050. " We are proud to partner with Samyang Foods on this landmark rooftop solar installation," said Gavin Adda, CEO at Peak Energy."It showcases how industrial leaders can adopt cost-effective sustainability solutions and once again highlights Peak's unrivalled ability to deliver reliable clean energy for corporates across Asia." " The new plant is our most advanced facility—leading in equipment, workforce, and environmental efficiency. It goes beyond a smart factory to represent a next-generation production model aligned with global standards and long-term sustainability", said Jungsoo Kim, Vice Chairperson of Samyang Foods. " We ' ve also reduced the carbon footprint of each Buldak Ramen pack to around 0.3kg of CO ₂. Through the reduction of active emissions, we're making tangible progress toward carbon neutrality and a healthier planet." About Peak Energy Headquartered in Singapore, Peak Energy is an Independent Power Producer that develops, owns, and operates renewable energy assets across Asia. By implementing a wide range of renewables business models, including utility-scale project projects, off-site PPAs, onsite PPAs, and energy storage applications, Peak Energy empowers businesses across Asia with clean, affordable, and reliable energy solutions. Peak owns almost 300 MW of operating projects across the Asia Pacific region. For more information, please visit Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately USD 73 billion of assets under management. About Samyang Foods Founded in 1961 as Korea's first instant ramen producer, Samyang Foods has grown into a global food company with a diverse portfolio of noodles, snacks, and specialty food products. The company continues to expand its production capacity and international reach, with exports accounting for approximately 77% of total sales in 2024. As part of its commitment to sustainability, Samyang Foods is actively pursuing net-zero emissions by 2050. Korea Media enquiries: Samyang Foods KwangJe Choi ckj1130@
Malaysian Reserve
16-06-2025
- Business
- Malaysian Reserve
Huawei Digital Power and Peak Energy Sign MoU at SNEC 2025 to Accelerate 700MWp C&I Solar Projects Across APAC
SINGAPORE and SHANGHAI, June 16, 2025 /PRNewswire/ — Huawei Digital Power and Peak Energy, a leading Singapore-based Independent Power Producer (IPP), officially signed a Memorandum of Understanding (MoU) at SNEC 2025, forming a powerful alliance to fast-track the rollout of renewable energy solutions across the Asia-Pacific C&I sector. The MoU was signed by Gavin Adda, CEO of Peak Energy and Nate Luo, Vice President, Huawei Digital Power Singapore. The agreement targets a significant 700MWp project pipeline across APAC countries. This collaboration signals a major step forward in the region's clean energy ambitions, combining Huawei's digital power leadership with Peak Energy's deep market presence. Strengthening Execution Across APAC Peak Energy, headquartered in Singapore, has established regional commercial and technical teams to support local project execution across key APAC markets — including Japan, Korea, Singapore, Indonesia, the Philippines, Malaysia, and Thailand. This decentralized approach enables rapid mobilization and industry-leading delivery of bankable, turnkey clean energy solutions for corporate off-takers seeking to cut their emissions and their energy bills. Huawei Digital Power will provide its next-generation Smart PV solutions, integrating advanced power electronics, and energy storage capabilities to maximize energy yield, operational reliability, and lifecycle cost savings. 'This partnership is a key milestone in our efforts to become the leading energy partner for corporates looking to reduce costs and carbon emissions in Asia' said Gavin Adda. 'Integrating Huawei's best-in-class innovations into our energy services will help accelerate our growth, while ensuring that our solar and BESS PPA customers benefit from industry-leading technologies and optimal system performances.' 'Our collaboration with Peak Energy demonstrates Huawei's unwavering commitment to driving Asia-Pacific's clean energy transformation. By integrating cutting-edge digital power technologies with trusted execution across local markets, we aim to help corporate clients achieve their decarbonization goals while strengthening regional energy resilience.', stated Nate Luo. Driving the Next Phase of Energy Transition With corporate decarbonization commitments rising and policy frameworks increasingly favorable, the MoU paves the way for meaningful carbon reduction and long-term energy resilience in Asia-Pacific's fast-evolving economies. Together, Huawei Digital Power and Peak Energy are setting the benchmark for how technology and strategic partnerships can catalyze a low-carbon, high-efficiency future — starting with 700MWp, and with eyes firmly set on gigawatt-scale transformation. About Huawei Digital Power Huawei Digital Power Technologies Co., Ltd. (Huawei Digital Power for short) is committed to integrating digital and power electronics technologies, developing clean power, and enabling energy digitalization to drive energy revolution for a better, greener future. In the clean power generation sector, we help create new power systems that primarily rely on renewable energy. In the mobility electrification sector, we enhance the consumer driving and charging experience in electric vehicles (EVs), accelerating green traveling. In the green ICT power infrastructure sector, we help build green, low-carbon, and intelligent data centers and communications networks. Huawei Digital Power continues innovating through open collaboration with global partners to promote carbon neutrality. Huawei Digital Power serves more than three billion people across more than 170 countries and regions. For more information, please visit Huawei Digital Power online at About Peak Energy Headquartered in Singapore, Peak Energy develops, owns, and operates renewable energy assets across Asia. Peak Energy delivers clean, affordable, and reliable power solutions to corporate customers through a diverse range of business models, including utility-scale solar, off-site and on-site corporate PPAs, and battery storage. Across the Asia-Pacific region, Peak owns over 200 MW of solar projects in operation or under construction, along with 298 MWh of battery energy storage capacity in operation or under construction. Peak Energy has a diversified pipeline of 2 GW of renewable energy projects, across its C&I and utility-scale divisions and is a member of the 24/7 Carbon-Free Energy (CFE) Compact. Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, with approximately USD 73 billion in assets under management.
Korea Herald
16-06-2025
- Business
- Korea Herald
Huawei Digital Power and Peak Energy Sign MoU at SNEC 2025 to Accelerate 700MWp C&I Solar Projects Across APAC
SINGAPORE and SHANGHAI, June 16, 2025 /PRNewswire/ -- Huawei Digital Power and Peak Energy, a leading Singapore-based Independent Power Producer (IPP), officially signed a Memorandum of Understanding (MoU) at SNEC 2025, forming a powerful alliance to fast-track the rollout of renewable energy solutions across the Asia-Pacific C&I sector. The MoU was signed by Gavin Adda, CEO of Peak Energy and Nate Luo, Vice President, Huawei Digital Power Singapore. The agreement targets a significant 700MWp project pipeline across APAC countries. This collaboration signals a major step forward in the region's clean energy ambitions, combining Huawei's digital power leadership with Peak Energy's deep market presence. Strengthening Execution Across APAC Peak Energy, headquartered in Singapore, has established regional commercial and technical teams to support local project execution across key APAC markets — including Japan, Korea, Singapore, Indonesia, the Philippines, Malaysia, and Thailand. This decentralized approach enables rapid mobilization and industry-leading delivery of bankable, turnkey clean energy solutions for corporate off-takers seeking to cut their emissions and their energy bills. Huawei Digital Power will provide its next-generation Smart PV solutions, integrating advanced power electronics, and energy storage capabilities to maximize energy yield, operational reliability, and lifecycle cost savings. "This partnership is a key milestone in our efforts to become the leading energy partner for corporates looking to reduce costs and carbon emissions in Asia" said Gavin Adda. "Integrating Huawei's best-in-class innovations into our energy services will help accelerate our growth, while ensuring that our solar and BESS PPA customers benefit from industry-leading technologies and optimal system performances." "Our collaboration with Peak Energy demonstrates Huawei's unwavering commitment to driving Asia-Pacific's clean energy transformation. By integrating cutting-edge digital power technologies with trusted execution across local markets, we aim to help corporate clients achieve their decarbonization goals while strengthening regional energy resilience.", stated Nate Luo. Driving the Next Phase of Energy Transition With corporate decarbonization commitments rising and policy frameworks increasingly favorable, the MoU paves the way for meaningful carbon reduction and long-term energy resilience in Asia-Pacific's fast-evolving economies. Together, Huawei Digital Power and Peak Energy are setting the benchmark for how technology and strategic partnerships can catalyze a low-carbon, high-efficiency future — starting with 700MWp, and with eyes firmly set on gigawatt-scale transformation. About Huawei Digital Power Huawei Digital Power Technologies Co., Ltd. (Huawei Digital Power for short) is committed to integrating digital and power electronics technologies, developing clean power, and enabling energy digitalization to drive energy revolution for a better, greener future. In the clean power generation sector, we help create new power systems that primarily rely on renewable energy. In the mobility electrification sector, we enhance the consumer driving and charging experience in electric vehicles (EVs), accelerating green traveling. In the green ICT power infrastructure sector, we help build green, low-carbon, and intelligent data centers and communications networks. Huawei Digital Power continues innovating through open collaboration with global partners to promote carbon neutrality. Huawei Digital Power serves more than three billion people across more than 170 countries and regions. For more information, please visit Huawei Digital Power online at About Peak Energy Headquartered in Singapore, Peak Energy develops, owns, and operates renewable energy assets across Asia. Peak Energy delivers clean, affordable, and reliable power solutions to corporate customers through a diverse range of business models, including utility-scale solar, off-site and on-site corporate PPAs, and battery storage. Across the Asia-Pacific region, Peak owns over 200 MW of solar projects in operation or under construction, along with 298 MWh of battery energy storage capacity in operation or under construction. Peak Energy has a diversified pipeline of 2 GW of renewable energy projects, across its C&I and utility-scale divisions and is a member of the 24/7 Carbon-Free Energy (CFE) Compact. Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, with approximately USD 73 billion in assets under management.
Korea Herald
13-06-2025
- Business
- Korea Herald
Peak Energy expands Japan footprint with acquisition of 11 MW of high-voltage solar assets
Solar projects to come online by 2027 and enable corporates in Japan to decarbonize operations and save costs. SINGAPORE and TOKYO, June 13, 2025 /PRNewswire/ -- Peak Energy, a pan-Asian renewable energy developer and Independent Power Producer (IPP), has acquired 11 MW of ready-to-build (RTB) high-voltage solar projects across Japan. Located in four different regions of Japan (Chubu, Chugoku, Hokkaido and Kansai), the projects are scheduled for completion in 2027 and are expected to generate more than 13 GWh of clean electricity each year for several decades, thereby avoiding nearly 6,000 tonnes of CO₂ emissions annually, equivalent to removing around 2,000 cars from the road. The electricity produced from these sites will be sold to corporates through long-term power purchase agreements (PPAs), at fixed prices, allowing customers to make immediate savings on their electricity bills and to shield themselves from fluctuations in electricity tariffs for 20+ years. This transaction also marks another milestone in Peak Energy's rapid growth in Japan, where the company already co-owns a 28 MW plant in Kyushu and is actively expanding activities across a range of energy services, including onsite solar, offsite solar and collocated solar + battery energy storage systems (BESS). Across the Asia-Pacific region, Peak now owns over 200 MW of solar projects in operation or under construction, along with 298 MWh of battery energy storage capacity in operation or under construction. "This acquisition reinforces our long-term commitment to Japan," said Gavin Adda, CEO of Peak Energy. "Combined with our broader pipeline of high-voltage assets, it will support our mission to deliver clean, affordable and reliable energy solutions to businesses nationwide." "Given how slowly new supply of large-scale solar capacity is coming on stream in our country, we are excited that we will be able to provide our corporate customers with clean energy within the next couple of years," added Eiji Sato, Country President of Peak Energy in Japan. About Peak Energy Headquartered in Singapore, Peak Energy develops, owns, and operates renewable energy assets across Asia. Peak Energy delivers clean, affordable, and reliable power solutions to corporate customers through a diverse range of business models, including utility-scale solar, off-site and on-site corporate PPAs, and battery storage. Peak currently owns over 200 MW of operating assets across the region, including 28 MW in Japan. Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, with approximately USD 73 billion in assets under management.
Yahoo
13-06-2025
- Business
- Yahoo
Peak Energy expands Japan footprint with acquisition of 11 MW of high-voltage solar assets
Solar projects to come online by 2027 and enable corporates in Japan to decarbonize operations and save costs. SINGAPORE and TOKYO, June 13, 2025 /PRNewswire/ -- Peak Energy, a pan-Asian renewable energy developer and Independent Power Producer (IPP), has acquired 11 MW of ready-to-build (RTB) high-voltage solar projects across Japan. Located in four different regions of Japan (Chubu, Chugoku, Hokkaido and Kansai), the projects are scheduled for completion in 2027 and are expected to generate more than 13 GWh of clean electricity each year for several decades, thereby avoiding nearly 6,000 tonnes of CO₂ emissions annually, equivalent to removing around 2,000 cars from the road. The electricity produced from these sites will be sold to corporates through long-term power purchase agreements (PPAs), at fixed prices, allowing customers to make immediate savings on their electricity bills and to shield themselves from fluctuations in electricity tariffs for 20+ years. This transaction also marks another milestone in Peak Energy's rapid growth in Japan, where the company already co-owns a 28 MW plant in Kyushu and is actively expanding activities across a range of energy services, including onsite solar, offsite solar and collocated solar + battery energy storage systems (BESS). Across the Asia-Pacific region, Peak now owns over 200 MW of solar projects in operation or under construction, along with 298 MWh of battery energy storage capacity in operation or under construction. "This acquisition reinforces our long-term commitment to Japan," said Gavin Adda, CEO of Peak Energy. "Combined with our broader pipeline of high-voltage assets, it will support our mission to deliver clean, affordable and reliable energy solutions to businesses nationwide." "Given how slowly new supply of large-scale solar capacity is coming on stream in our country, we are excited that we will be able to provide our corporate customers with clean energy within the next couple of years," added Eiji Sato, Country President of Peak Energy in Japan. About Peak Energy Headquartered in Singapore, Peak Energy develops, owns, and operates renewable energy assets across Asia. Peak Energy delivers clean, affordable, and reliable power solutions to corporate customers through a diverse range of business models, including utility-scale solar, off-site and on-site corporate PPAs, and battery storage. Peak currently owns over 200 MW of operating assets across the region, including 28 MW in Japan. Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, with approximately USD 73 billion in assets under management. Media ContactPeak Energymedia@ Peak Energy Japan View original content to download multimedia: SOURCE Peak Energy
