The Asian Development Bank (ADB) and the Government of Japan have signed financing agreements with AM Green Ammonia (India) Private Limited for the development of a 1.1 million tonne per annum (TPA) green ammonia production facility in Andhra Pradesh, India. The financing includes a $100 million loan from the Leading Asia’s Private Infrastructure Fund 2, financed by the Japan International Cooperation Agency and administered by ADB.
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Impact Fund Denmark is investing in the 500 MWp Lasso 2 solar project in northern Luzon, Philippines. The project is being developed and will be operated by Vena Energy. The project is currently under construction and is expected to become operational in 2027. Furthermore, the investment is being made through the Danish SDG Investment Fund II, established by Impact Fund Denmark together with PenSam, P+, PFA, PKA and PBU.
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Malaysia-based Leader Energy Group Berhad has commenced construction of a 100 MW/400 MWh battery energy storage system (BESS) in Pajam, Negeri Sembilan, with commissioning scheduled for 2027. The project is being developed under Malaysia’s Battery Energy Storage System bidding programme (MyBeST). Administered by Malaysia’s Energy Commission, MyBeST comprises four grid-connected BESS projects, each with 100 MW of power capacity and 400 MWh of storage capacity.
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Actis has launched Leo Energies, its fourth renewable energy platform in India. The platform targets a portfolio of over 3 GW of onshore wind, solar and battery energy storage system (BESS) assets. The platform has signed agreements to acquire approximately 650 MWp of operational solar capacity across Rajasthan, Tamil Nadu, Gujarat, Karnataka and Andhra Pradesh.
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Pacifico Energy Vietnam has secured a sea survey licence for the 1,300 MW Nam Trung Bo 3 offshore wind project in Lam Dong Province. The project is included in Vietnam’s Adjusted Power Development Plan VIII, with commercial operations targeted between 2031 and 2035. The licence permits technical and environmental studies across the approved offshore area.
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ESR has signed an agreement to acquire 100 per cent of Aquila Clean Energy APAC from Aquila Group. Aquila Clean Energy APAC develops, owns and operates solar, battery storage and wind projects across Asia-Pacific. The platform has a 1.6 GW portfolio of operational, under-construction and advanced-development assets across Australia, New Zealand, South Korea, Japan and Taiwan.
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The Government of Malaysia has announced a 250 MW renewable energy Feed-in Tariff (FiT) quota for 2027 to support clean energy generation and attract investment. The quota will be allocated through an online bidding process for biogas, biomass and small hydropower projects in Peninsular Malaysia and the Federal Territory of Labuan. The allocation includes 30 MW for biogas, 120 MW for biomass and 100 MW for small hydropower.
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SunAsia Energy has partnered with Gunkul Engineering Public Company Limited to develop a floating solar project on Laguna Lake in the Philippines. The project will have an installed capacity of about 1 GW and represents an investment of more than $1 billion. The project is expected to commence commercial operations by the end of 2027. Furthermore, the project forms part of SunAsia’s broader Laguna Lake floating solar development, which has secured 10 solar energy operating contracts from the Department of Energy.
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Synera Renewable Energy Group (SRE) has signed a corporate power purchase agreement (CPPA) for its Formosa 6 offshore wind project with Star Trade in Taiwan. The project was awarded 800 MW in Taiwan’s second auction round under the Phase 3 Zonal Development programme in 2024. This project marks SRE’s fourth offshore wind project in Taiwan. Furthermore, the project is expected to generate sufficient clean electricity to supply approximately 860,000 households annually.
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Shell Energy Philippines, through its subsidiary, San Isidro Solar Power Corporation has entered into a 15-year power supply agreement with Greenlight Renewables Holdings. The agreement includes an additional 120 MWp of clean energy which will be sourced from the second phase of the San Isidro solar project located in Leyte. This marks the second power supply contract signed between the companies.
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Torrent Green Energy Private Limited, a wholly owned subsidiary of Torrent Power Limited, has commissioned 322 MWp of ground-mounted decentralised solar projects across Nashik district, Maharashtra, India. The project is developed under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme, and spans 50 locations across 14 talukas of Nashik district. Power generated from the project will be supplied to MSEDCL under a 25-year power purchase agreement.
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The first phase of the MTerra Solar project has commenced commercial operations with a capacity of 600 MWac. The project began commercial operations in August 2026 under its power supply agreement with Meralco. The project is being jointly developed by MGEN and Actis, with Actis investing $600 million in the project. The project is expected to deliver 3,500 MWp of solar paired with 4,500 MWh of BESS upon completion.
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Blueleaf Energy and Universal Peak Sdn Bhd have achieved financial close with UOB for a utility-scale battery energy storage (BESS) project in Malaysia. The project will have an installed capacity of 100 MW/400 MWh. Project construction will commence under a build, own, and operate model. Universal Peak will support the project as a turnkey provider of electrical infrastructure solutions. The project is expected to be commissioned in mid-2027.
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Indonesia has launched 14 solar power projects as the first phase of Indonesia’s 100 GWp solar programme. The projects are targeted for completion by 2029. The programme involves a total investment of Rp1,140 trillion, while the projects announced in the first phase are estimated to require an investment of Rp135 trillion. Furthermore, the projects have a combined capacity of 5.3 GW.
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Gurīn Energy has secured 379 MW of electricity business licences (EBLs) in South Korea. The licenses cover three utility-scale solar projects. The three projects are located in Jindo Island and Goheung-gun within Jeonnam-Gwangju Integrated Special City. The projects include 216 MW Jindo Green solar project, 65 MW Jindo Jido-yeomjang solar project and 98 MW Goheung Nuri solar project.
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Korea South-East Power (KOEN) and the Saemangeum Development Agency have signed a memorandum of understanding to develop a large-scale green hydrogen complex in Saemangeum, South Korea. The proposed project will integrate solar power generation, green hydrogen production and hydrogen-fired power generation in Buan, North Jeolla Province. Furthermore, the project is planned for 1 GW of onshore solar capacity with 320 MW of water electrolysis capacity and 100 MW of hydrogen-only power generation.
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Singapore’s Energy Market Authority (EMA) has granted conditional approvals to Sembcorp Utilities Pte Ltd and Southern Solar Alliance Pte Ltd to import a combined 900 MW of electricity from Peninsular Malaysia. Sembcorp Utilities has received approval for a proposed capacity of 300 MW, while Southern Solar Alliance, a wholly owned subsidiary of Malaysian developer Ditrolic Energy Holdings Sdn Bhd, has received approval for 600 MW.
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JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, has signed a shareholders’ agreement with Druk Green Power Corporation (DGPC) for the joint development of the Punatsangchhu-III hydroelectric project. The project has an installed capacity of 920 MW and is located in the Wangdue Phodrang district in Bhutan. Furthermore, DGPC holds a 51 per cent stake in the project while JSW Neo Energy holds a 49 per cent stake.
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Purvah Green Power Private Limited has signed an agreement to acquire a 1.4 GWp operating solar portfolio from ReNew Solar Power Private Limited, a subsidiary of ReNew, for an enterprise value of Rs 48.59 billion. The portfolio comprises six project special purpose vehicles (SPVs) located in Rajasthan and Karnataka. More than 90 per cent of the capacity is contracted with the Solar Energy Corporation of India, while the remaining capacity is contracted with Karnataka distribution companies.
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The Emerging Africa & Asia Infrastructure Fund (EAAIF) has signed a senior secured debt facility of up to $50 million with Ukko Renewable in Southeast Asia. The financing will support the development of an initial renewable energy pipeline exceeding 2 GW, forming part of a broader 3 GW-plus portfolio of wind, solar and hydropower projects across Vietnam, the Philippines and other Southeast Asian markets.
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