A consortium comprising Voith Hydro Shanghai Limited and POWERCHINA Zhongnan Engineering Corporation has secured a contract to supply the core electromechanical equipment for Vietnam’s Bac Ai pumped storage hydropower project. The project is located in Khanh Hoa Province. The project will have an installed capacity of 1,200 MW, comprising four units of 300 MW each.
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Vena Group and Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund, have entered into a strategic partnership under which INA has invested in a 2.8 GW renewable energy portfolio across Indonesia and the Philippines. The portfolio includes solar and wind projects at different stages of development, including operational, under-construction, contracted, and development-stage projects.
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Octopus Energy has launched the Octopus Asia Electrification Fund to support the development of clean energy projects across Asia. The fund aims to mobilise $600 million from institutional investors and has already secured $50 million from Japanese investors. It will invest in local clean energy developers to support the development of renewable energy projects.
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Tenaga Nasional Bhd (TNB) plans to invest up to RM424.4 million in a joint venture (JV) with IOI Corp Bhd and a consortium of small and medium enterprises (SMEs) to develop a 500 MW solar power project in Bahau, Negeri Sembilan, Malaysia. TNB’s subsidiary, TNB Renewables Sdn Bhd (TRe), has signed a shareholders’ agreement with IOI Corp’s subsidiary, Luminous Aspect Sdn Bhd, and CSP 500MW Sdn Bhd for the project.
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Malaysia-based renewable energy company Northern Solar Holdings Berhad has secured two contracts totalling 189 MW of solar capacity, coupled with battery energy storage systems (BESS), to supply electricity to two data centres in Malaysia. The agreements were awarded to its wholly owned subsidiary, Northern Solar Assets Sdn. Bhd., under the Corporate Renewable Energy Supply Scheme (CRESS).
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The Solar Energy Corporation of India Limited (SECI) has invited bids for the selection of developers to set up 4,000 MW/16,000 MWh of standalone battery energy storage systems (BESS) in Rajasthan and Gujarat. The projects will be developed under the build-own-operate model through tariff-based competitive bidding for on-demand energy supply. The tender has been divided into two packages: 2,500 MW/10,000 MWh in Rajasthan and 1,500 MW/6,000 MWh in Gujarat.
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The Government of Singapore has announced a five-year energy infrastructure plan to meet rising electricity demand, with peak demand projected to increase from 8.6 GW in August 2026 to between 9.9 GW and 13 GW by 2031. The plan includes five new natural gas-fired power plants expected to enter operation between 2026 and 2031, expanding generation capacity by around 26 per cent from the current 12 GW.
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JERA Co., Inc. (JERA) and AM Green Ammonia (India) Private Limited (AM Green) have signed an agreement for the supply of approximately 70,000 tonnes of green ammonia annually over five years, with an option to extend the term. The ammonia will be produced at AM Green’s Kakinada facility in Andhra Pradesh, using advanced alkaline electrolysis technology supported by round-the-clock renewable energy and pumped hydro storage.
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Singapore’s Energy Market Authority has given conditional approval to the Vietnam-Malaysia-Singapore renewable electricity initiative. The approval was granted to Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries and the designated importer for the proposed project. The initiative plans to import up to 1.3 GW of renewable electricity into Singapore through a regional power corridor connecting Vietnam, Malaysia and Singapore.
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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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