Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc, has entered into an agreement to sell 100 per cent of Solenergi Power Private Limited, which includes the Sprng Energy platform, to Aditya Birla Renewables Limited. The deal is valued at $1.8 billion. The acquisition will be financed through a combination of debt and equity infusion from Grasim and funds managed by Global Infrastructure Partners.
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South Korea has awarded five offshore wind projects totaling 1.78 GW in its first-half 2026 offshore wind auction. The auction attracted bids for 3.65 GW across nine projects, and achieved a competition ratio exceeding 2:1. The selected portfolio includes more than 1.2 GW of fixed-bottom capacity, 532 MW of floating offshore wind, and a 160 MW public-led project.
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SunAsia Energy Inc. and VinEnergo have partnered to develop a 422-MWp solar on Water portfolio across Pampanga and Negros Occidental, Philippines. The portfolio comprises three floating solar projects representing an estimated investment of $406 million. The projects are targeted for commercial operation between 2027 and 2028. Once operational, the projects are expected to generate clean electricity to power more than 278,000 homes annually.
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Foxconn and Brookfield have partnered to develop renewable energy projects in Vietnam to support Foxconn’s operations and supply chain partners. The collaboration aims to develop up to 1 GW of utility-scale wind, solar, and battery storage capacity across the country. The projects will be backed by long-term power purchase agreements and jointly managed by both companies.
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DEME, through its joint venture Japan Offshore Marine (JOM), has secured a contract for the Oga-Katagami-Akita Offshore Wind project in Japan. The scope includes engineering services and vessel charter for the offshore installation of 21 wind turbines under a contract with Oga Katagami Akita Offshore Green Energy LLC and Penta-Ocean Construction.
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BII has announced the launch of North Star. It is a $300 million platform aimed at accelerating the development of clean energy in India. BII will invest $150 million in the platform, while another $150 million will be provided by Copenhagen Infrastructure Partners through its Growth Markets Fund II. The platform is the first investment under British Climate Partners, a £1.1 billion climate finance initiative launched by BII.
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Northland Power has signed a 30-year corporate power purchase agreement (CPPA) with Taiwan Semiconductor Manufacturing Company (TSMC) for additional power from the Hai Long offshore wind project in Taiwan. The 1,022 MW project is being developed by Northland (30.6 per cent), Mitsui & Co. (40 per cent), and Gentari International Renewables Pte. Ltd (29.4 per cent).
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TotalEnergies has secured financing for the Mirny onshore wind and battery energy storage system (BESS) project in Kazakhstan. The project includes a 1 GW onshore wind farm, with 150 turbines and a 600 MWh battery system which will be supplied by Saft, an affiliate of TotalEnergies. The power generated will be sold to the Government of Kazakhstan under a 25-year PPA which was signed in 2023.
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L&T Energy GreenTech Limited (LTEGL), a wholly owned subsidiary of Larsen & Toubro (L&T), has entered into a long-term partnership with ITOCHU Corporation. Under this agreement, LTEGL will supply 300,000 tonnes per annum (TPA) of green ammonia to ITOCHU. The supply will be on a captive, long-term take-or-pay basis from LTEGL’s proposed production facility in Gujarat, India.
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The Huaneng Shandong Peninsula North L offshore wind power project in China with a total installed capacity of 504 MW has been fully grid-connected. The project deploys 42 units of 12 MW wind turbines about 70 km offshore in water depths of 52-56 meters. It is also expected to generate around 1.7 billion kWh of electricity annually, saving roughly 500,000 tonnes of standard coal on an annual basis.
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ANDRITZ has secured an equipment order for the 3,000 MW Saidongar-1 Karjat pumped storage project in Maharashtra, India being developed by Torrent Energy Storage Solutions Private Limited, a subsidiary of Torrent Power Limited. The scope of work includes the design, manufacture, installation, testing, and commissioning of ten reversible pump turbines, motor generators, and associated electromechanical equipment.
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Energy Vault Holdings has acquired an 850 MW battery energy storage (BESS) development portfolio from a domestic developer in Japan. The portfolio includes 350 MW of advanced-stage projects expected to begin construction in the second half of 2027 and operations in the second half of 2028, along with 500 MW of early-stage projects.
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TotalEnergies and Masdar have signed a $2.2 billion 50/50 JV agreement to merge their onshore renewable activities in Asia. The JV will manage 3 GW of operational assets and 6 GW under advanced development that are expected to commence operation by 2030. The JV will be the sole platform for developing, building, owning and operating onshore solar, wind and battery storage projects.
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Samsung C&T’s Engineering & Construction (E&C) Group has completed an off-grid green hydrogen production facility in Gimcheon, South Korea. The plant generates green hydrogen using entirely renewable energy sourced from an 8.3 MW solar power installation. With a 10 MW water electrolysis system, the facility is capable of producing around 0.6 tonnes of green hydrogen per day, translating to over 230 tonnes annually.
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Electric Power Development Co., Ltd. (J-POWER) has announced the commencement of commercial operations at the Kitakyushu Hibikinada offshore wind farm in Japan. The project is located in the Hibikinada sea off the coast of Wakamatsu-ku in Kitakyushu, Fukuoka. The total installed capacity of the project is 220 MW, of which 88 MW is owned by J-POWER. The wind farm comprises 25 wind turbines, each with a capacity of 9,600 kW.
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A partnership comprising Seawind Asia AG, Stream Invest Holdings AG, and Triconti ECC Renewables has secured first grid connection agreements for offshore wind projects totalling 1,650 MW in the Philippines. The agreements were granted by the National Grid Corporation of the Philippines and cover three projects: the 450 MW Frontera Bay project and the 600 MW Guimaras Strait and 600 MW Guimaras Strait II projects.
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Acwa has signed an investment agreement with the Ministry of Energy and Natural Resources of the Republic of Türkiye under the 5 GW intergovernmental renewable energy programme. Under the agreement, Acwa will be responsible for developing, financing, constructing, commissioning, and operating the projects. The agreements cover the development of five renewable energy projects with a combined capacity of 5 GW.
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Equinix has entered into a 15-year virtual power purchase agreement (VPPA) with ENEOS Renewable Energy Corporation to source renewable electricity from the Sanda Mega solar power plant in Japan. The project is located in Hyogo Prefecture, with the agreement covering 121 MW of solar capacity. The solar project is expected to support the company’s target of powering its data centres in Japan with 100 per cent renewable energy.
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Envision Energy has entered into a wind turbine supply agreement with REE Group for nearshore wind projects with a combined capacity of 128 MW in Vietnam’s Vinh Long province. The portfolio includes the V1-3 Phase II project with 48 MW capacity and the V1-5 and V1-6 Phase II projects totaling 80 MW. The projects will deploy 16 EN-226/8.X MW offshore wind turbines.
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EcoCeres Inc. has inaugurated a renewable fuels facility in Pasir Gudang, Johor, Malaysia. The plant was commissioned and began operations in October 2025. The facility produces sustainable aviation fuel (SAF) along with hydrotreated vegetable oil (HVO) and renewable naphtha, with a combined maximum production capacity of 420,000 tonnes per year. The plant converts waste and residue inputs into renewable fuels for use across various sectors.
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