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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Fourth Partner Energy (FPEL) has successfully secured funding worth $275 million from International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG. This investment is expected to fund FPEL’s business expansion including 3.5 GW of renewable energy assets by 2026. IFC, a member of the World Bank group, has invested $125 million; ADB has infused $100 million and DEG has contributed the remaining $50 million.
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JGC Japan Corporation, an EPC operating company under JGC Holdings Corporation, and Sumitomo Corporation have announced an agreement to explore potential collaboration on the detailed design, manufacturing, and delivery of floating structural components for floating offshore wind power generation. The aim is to reduce costs, increase efficiency, and achieve mass production in the production and supply system by leveraging the strengths of both partners.
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Jakson Green Private Limited, a new energy transition company, has secured credit worth Rs 2.96 billion from First Abu Dhabi Bank. This will help the company to expand internationally. Uzbekistan is the first country where the company plans to expand. In this country, a 250 MW solar photovoltaic (PV) power plant and integrated battery energy storage system (BESS) of 63 MW/126 MWh will be constructed and operated. The project is being set up in Bukhara, Uzbekistan.
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Ohmium, a US-based green hydrogen focused organisation that develops Proton Exchange Membrane (PEM) electrolysers has launched a new gigafactory in Bengaluru, India. It has a production space of 14,000 square meters and will be shipping 2 GW of fully assembled and tested electrolyser systems. This is Ohmium’s second manufacturing facility in India, and brings key manufacturing, assembly, quality assurance, testing, warehouse and shipping facilities under one roof.
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The Asian Development Bank (ADB) has sanctioned loans worth $240.5 million for financing rooftop solar systems in India. The funding will be allocated to State Bank of India (SBI) and National Bank for Agriculture and Rural Development (NABARD) to provide loans to developers and end-users for the deployment of rooftop solar systems throughout India. SBI will be allocated $90.5 million from ADB’s Clean Technology Fund, while NABARD will receive $150 million.
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Indian Renewable Energy Development Agency Limited (IREDA) has announced plans to invest approximately Rs. 2.9 billion in a 900 MW hydroelectric power project in Nepal. With this investment IREDA will have up to 10 per cent stake in GMR Upper Karnali Hydro Power Limited and Karnali Transmission Company Pvt. Ltd., Nepal. The project is subject to approval from the Government of India and other regulatory authorities.
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ACWA Power has concluded the sale of 35 per cent of its ownership in the ACWA Power Bash Wind Project Holding Company Limited and ACWA Power Uzbekistan Wind Project Holding Company Limited to China Southern Power Grid International (HK) Co. Ltd (CSGIHK). This transaction marks the first co-investment between the two companies for a large-scale renewable energy project in Central Asia.
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The Ministry of New and Renewable Energy (MNRE) of India has released guidelines for disbursement of incentives for the production of up to 450,000 metric tonnes (MT) per year of green hydrogen as part of Component II (Mode 1, Tranche II) of the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme. The Solar Energy Corporation of India (SECI) has been assigned the responsibility of supervising the competitive bidding process and managing the implementation of the programme.
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Levanta Renewables, a renewable energy developer and independent power producer owned by Actis, has acquired a 90 per cent controlling stake in a 139.4 MWp operational solar project portfolio in Thailand. Furthermore, these projects were purchased from Super Energy Corporation Public Co. Ltd. and its subsidiary, Super Energy Group Co. Ltd.
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