The Asian Development Bank (ADB) has signed a green loan worth THB 900 million (USD 26.8 million) with GSA Data Center 01 Company Limited (GSA) to finance the development, construction and operation of a 25.6 MW colocation green data center in Samut Prakan, Thailand. GSA is a joint venture between Gulf Development, Singtel, and AIS. Operations for the data center are scheduled to begin in 2025.
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ACEN Australia’s 900 MW Robbins Island Wind project has received approval from the federal government after more than eight years of assessment across all government levels. The project is expected to contribute over $30 million each year to the Tasmanian economy. Additionally, the associated transmission line is undergoing a separate approvals process, which is expected to conclude in 2026.
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The 600 MW Monsoon wind power project in southern Lao PDR has commenced full commercial operations. Construction and full grid connection were completed within 27 months, four months ahead of the schedule. The project has 133 wind turbines installed, and is located across the Dak Cheung District in Sekong Province and the Sanxay District in Attapeu Province.
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This market spotlight focuses on the electric vehicle (EV) markets in Denmark, Sweden, and Finland, which rank among the leaders in Europe in terms of EV shares of new passenger car registrations. The spotlight highlights key trends in EV adoption and examines policy measures and market characteristics that are likely to shape EV uptake in these countries.
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This paper “Taking Green Energy Projects to Court: NEPA Review and Court Challenges to Renewable Energy” by Resources for the Future highlights that nearly a third of solar projects and half of wind projects completing NEPA environmental impact statement reviews faced court challenges. Almost all cases were filed after the government agencies had issued their permitting decisions.
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India’s energy transition investment trends showed a significant shift from renewables to e-mobility, with e-mobility investments rising from 6% in 2017 to 49% in 2024, energy storage investments rising from 1% to 9%, while energy efficiency investments fluctuated around 4%. Emerging technologies like the circular economy and low carbon fuels also received attention, though CCUS investments remain in early stages due to high costs.
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Equitix, together with Aware Super and the UK’s National Wealth Fund (NWF), has established a consortium to invest £500 million in a new UK battery storage platform, Eelpower Energy. The company will focus on developing, owning, and operating grid-scale battery storage projects, with a target of adding over 1 GW of new capacity to the UK grid in the coming years.
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Ferrovial has announced plans to develop a 250 MW solar photovoltaic facility in Milam County, Texas, representing an investment of approximately $355 million, including debt. The company will handle the construction, operation, and maintenance of the plant, which will supply reliable electricity to the Texas grid.
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Luxcara has signed a capacity reservation agreement with Siemens Gamesa for the Waterekke offshore wind project in the German North Sea. The 1.5 GW offshore wind project will deploy 97 turbines of 15.5 MW each, to be supplied by Siemens Gamesa. The project is reportedly scheduled for commissioning by 2029.
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Qair has signed a power purchase agreement for a 27.5 MW wind project in Moldova, which was awarded under the country’s first competitive auction. Additionally, the company has also secured the second 50 MW phase for its 100 MW Cobadin wind farm in Romania through the Contracts for Difference (CfD) auction.
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SD Guthrie Berhad (Guthrie) and Gamuda Energy have signed an agreement to jointly develop, own, and operate solar power projects with energy storage systems, in Malaysia. These projects will have a combined capacity of 1,200 MW. The partnership will utilise Guthrie’s land resources across Malaysia along with Gamuda’s experience in renewable energy development in the Asia Pacific region.
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Jakson Engineers Limited is planning to invest over Rs 80 billion to establish a 6 GW integrated solar module, cell and wafer plant at Maksi Phase II, Madhya Pradesh, India. The manufacturing plant will be developed in two phases across a 110-acre site. In Phase I, the manufacturing capacity of 3 GW of solar modules and 3 GW of solar cells will be commissioned with an investment of approximately Rs 20 billion.
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The Butuan City government has released the Butuan City Energy Development Plan (BEDP) 2023-2050 as part of its initiative to become a smart and sustainable city in the Philippines. The roadmap outlines the transition to renewable energy sources to meet rising electricity demand from the city’s economic growth as a major hub in Northeastern Mindanao.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has directed Revolution Wind LLC, a joint venture of Ørsted and Global Infrastructure Partners’ Skyborn Renewables, to stop activities on the outer continental shelf related to the Revolution Wind project. Revolution Wind has begun implementing the order. At present, the project is about 80 per cent complete.
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Gentari Renewables and Gamuda Energy have entered into an agreement to jointly develop about 1,500 MW of solar projects with battery energy storage systems in Malaysia. The projects will be implemented under Malaysia’s Corporate Renewable Energy Supply Scheme (CRESS). The projects will supply electricity to hyperscale data centres in the country.
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The Suez Canal Economic Zone (SCZONE) and the Bureau of Industrial and Labor Affairs of the Tokyo Metropolitan Government have signed a MoU to cooperate on green hydrogen development. The MoU aims to strengthen collaboration on green hydrogen from both environmental and economic perspectives. Moreover, it will focus on the exchange of expertise, knowledge, and information between the two agencies.
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New York has awarded more than $11 million to five clean hydrogen research and development (R&D) projects aimed at demonstrating newer technological designs, reducing costs in the storage and distribution of clean hydrogen, and deploying hydrogen-powered transportation. The projects have been funded through the New York state’s $6 billion Clean Energy Fund, which spans a 10-year period.
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Existing IRS safe harbors are designed to honor good-faith, diligent investments in domestic energy projects while allowing for foreseeable risks during development and construction. Under the current rules, taxpayers must document their actions in comprehensive detail and absorb responsibility for the penalties of noncompliance. Energy projects seeking to claim federal tax credits are subject to substantial private market oversight and discipline under IRS rules and guidance that have been in place for more than a decade.
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Southeast Asia is facing a dilemma. The region knows it must phase out fossil fuels, but the roadmap to embark on it is full of trade-offs. A rushed and poorly managed phase-out could lead to rising energy prices. Moving too slowly risks increased climate change impacts and potential economic disadvantages in a world that is moving ahead. At the same time, global geopolitics is shifting. ASEAN’s success or failure in energy transition will shape global clean energy supply chains, economic competitiveness, and regional security dynamics.
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The UK is committed to reaching net zero by 2050, and the government has adopted a suite of policies to achieve this goal. The UK Government’s first main climate change policy document was the Net Zero Strategy (Build Back Greener), which was published on 19 October 2021 and last updated in April 2022. This strategy was produced by the government as part of its statutory duties under the Climate Change Act 2008. It sets out policies and proposals for decarbonising all sectors of the UK economy to meet the government’s net zero target.
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