Sembcorp Industries, through its wholly owned subsidiary Sembcorp Green Infra Private Limited, has won a 300 MW inter-state transmission system (ISTS) – connected wind-solar hybrid power project from NTPC Limited. This project is part of NTPC’s 1.2 GW renewable energy bid and will be developed under a build-own-operate model.
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Tata Power and the Asian Development Bank (ADB) have signed a Memorandum of Understanding (MoU) at the COP29 climate conference in Baku, Azerbaijan, to explore financing renewable energy and infrastructure projects valued at $4.25 billion. The projects aim to strengthen India’s renewable energy capacity, enhance power distribution networks, and expand clean energy infrastructure.
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Tata Power and Bhutan’s Druk Green Power Corporation (DGPC), a subsidiary of Druk Holding and Investments Limited, have signed an MoU to develop 5,000 MW of renewable energy, including 4,500 MW of hydropower and 500 MW of solar projects. Key projects include the Dorjilung HEP, Gongri Reservoir, Jeri Pumped Storage, Chamkharchhu IV, and solar initiatives by Tata Power Renewable Energy Limited.
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Elapath Energy and RenewableErgon have to develop a 150 MW solar project in Budai, Chiayi County, Taiwan. This $250 million project aims to begin its first phase of work in December 2024 upon receiving pending regulatory approval from Taiwan’s Energy Administration, Ministry of Economic Affairs (MOEA). The project completion is expected by February 2025.
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Greenzo Energy Pvt Ltd has secured a deal to develop and install a 120 MW solar park project in Nepal. This engineering, procurement, and construction (EPC) contract is valued at Rs 5 billion and is expected to boost Greenzo Energy’s order book to Rs 19 billion. The company will oversee the complete execution of the project.
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Serentica Renewables has announced plans to develop 10,000 MW of renewable energy projects in Andhra Pradesh, India combining solar, wind, and storage technologies to deliver round-the-clock green power. Reportedly, Serentica is targeting an expansion of its renewable energy portfolio to 17,000 MW by 2030, with 5,000 MWh of storage capacity planned.
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KPI Green Energy Limited, the renewable arm of KP Group, has bagged new engineering, procurement, construction (EPC) orders from Gujarat Urja Vikas Nigam Ltd (GUVNL). The company will be responsible for developing 1,003.7 MW of renewable energy projects. These projects were won under various tenders and in three different phases.
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Suzlon Group has received a 400 MW order from JSP Green Wind 1 Private Limited, an SPV of Jindal Renewables Power Private Limited. The project is Jindal group’s debut in the wind energy segment. Suzlon will supply 127 state-of-the-art wind turbine generators (WTGs) with Hybrid Lattice Tubular (HLT) towers, each having a rated capacity of 3.15 MW in the Koppal region of Karnataka.
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SolaX Power has planned on investing a significant sum of $1.5 billion to establish a research and manufacturing facility in Zhejiang Province, China. The project will prioritise the development of utility-scale energy storage systems and integrated smart energy solutions.
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B.Grimm Power has signed 25-year power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) and the Provincial Electricity Authority (PEA) for a total of 323.3 MW across eight solar projects in Thailand. The agreements, involving B.Grimm’s subsidiaries and joint ventures, have commercial operation dates set from 2026 to 2030.
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REC Limited, an Indian power sector NBFC, has raised $500 million through green dollar bonds for numerous renewable energy projects. This was part of a $10 billion global medium-term programme of the company. The 5-year note has a coupon rate of 4.75 per cent per annum to be paid semi-annually. It has a maturity date of September 27, 2029.
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PT Pupuk Indonesia (Persero) has signed a Head of Key Terms (HoT) agreement for green hydrogen procurement with ACWA Power, as well as PLN Energi Primer Indonesia and PLN Indonesia Power. This agreement will ensure availability of green hydrogen as the main raw material for green ammonia production for Pupuk Indonesia. The green ammonia, thus produced, will be used by Pupuk Indonesia for making urea and NPK fertilizers.
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Vestas has secured its largest onshore wind order in Japan with a capacity of 134 MW. The order is from Invenergy for the Inaniwa Wind Energy Center in Japan’s Iwate Prefecture. The order includes the supply and supervision of the installation of 32 V117-4.2 MW wind turbines. The order is expected to be delivered in the first half of 2027.
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The Asian Development Bank (ADB) has approved a $500 million policy loan to help Indonesia’s energy transition. The Affordable and Sustainable Energy Transition Program will assist various policy measures for the country to meet its enhanced nationally determined contribution (NDC) and net-zero power emission targets by 2050, marking the first of two subprograms.
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Suzlon Group has received a 1,166 MW wind energy order from NTPC Green Energy Limited (NGEL). The company will supply and install 370 wind turbine generators for two projects of NTPC Renewable Energy Limited and one project of Indian Oil Corporation Limited-NGEL joint venture in Gujarat, India. The wind turbines will have a hybrid lattice tubular tower and a capacity of 3.15 MW each.
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Aslan Energy Capital and PT Calypte Sugi Power have collaborated to create a power generation hub on Sugi Island in the Riau Islands Province, Indonesia. The project aims to establish large-scale solar and sustainable clean energy capacity in the region. The initial goal is to reach 1 GW of solar power capacity by Q3 2026, with plans to expand to 2 GW by Q4 2027.
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Sineng Electric has successfully launched a 150 MW/300 MWh standalone energy storage power station in Guangxi, China. The facility has been fully integrated into the grid and operational for over six months. The power plant features Battery Energy Storage System (BESS) containers, central Power Conversion Systems (PCS), and a 220 kV booster station.
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Trinasolar has announced plans to expand its hybrid solar initiatives across Southeast Asia (SEA) after successfully launching Malaysia’s largest hybrid solar project. The hybrid project is located in Merchang, Terengganu, the 100 MWac project combines 35 MW of floating solar panels with 65 MW of ground-mounted panels, designed to offset 202,024 tonnes of carbon emissions annually.
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China’s central planning agency – National Development and Reform Commission (NDRC), National Energy Administration, and National Data Administration have jointly released the “Action Plan for Accelerating the Construction of a New Power System (2024-27)” to achieve the country’s dual carbon goals of peaking carbon emissions by 2030 and reaching carbon neutrality by 2060.
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Tata Power has formed a strategic partnership with Bhutan’s Druk Green Power Corporation Ltd (DGPC) to develop the 600 MW Khorlochhu Hydropower Project. The project is located on the Kholongchhu River in Eastern Bhutan’s Trashiyangtse Dzongkhag. The project’s clean power would assist Bhutan fulfil its growing electricity demand. Furthermore, Tata Power will invest 40 per cent of its shares in Khorlochhu Hydro Power Limited, a Public Private Partnership Company.
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