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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ACEN, through its subsidiary ACEN Renewables International Pte. Ltd., has secured a $150 million five-year syndicated green term loan and revolving credit facility. Additionally, this transaction was well-received by a consortium of international financial institutions. CTBC Bank (Philippines) Corp. and CTBC Bank Co. Ltd. served as structuring bank and arranger, respectively, forming a strategic partnership with five other banks: the Singapore branches of CTBC Bank Co., Malayan Banking Berhad, Chang Hwa Commercial Bank, Land Bank of Taiwan, and Mega International Commercial Bank.
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The World Bank has sanctioned $1.5 billion in funding to support India’s initiatives in advancing low-carbon energy development. As part of the second programmatic development policy operation for low-carbon energy, this initiative seeks to promote a strong market for green hydrogen, enhance renewable energy capacity, and encourage investments in low-carbon energy solutions.
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Solarvest is partnering with GreenRock Energy, Taiwanese renewable energy company for the development of renewable energy in both Taiwan and Malaysia. Both the companies plan to build 1 GW of renewable energy projects in the next five years by leveraging each other’s expertise to navigate the complexities of both the regions. In Taiwan, Solarvest is partnering with GreenRock Energy on large-scale agrivoltaic and aquavoltaic projects, aiming for a total capacity of 500 MW.
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ACWA Power has completed the dry financial close for the Tashkent Riverside project in Uzbekistan for a value of $533 million. This project includes a 200 MW solar photovoltaic facility and a 500 MWh battery energy storage system (BESS) to enhance the stability of Uzbekistan’s power grid. Six lenders have signed financing agreements, including EBRD, IsDB, DEG, Proparco, Standard Chartered, and KfW-IPEX Bank. The total debt financing amounts to $386 million.
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Hitachi Energy plans to invest $4.5 billion by 2027 to accelerate the clean energy transition. These investments will help the company to fulfill customer commitments and meet market demand by expanding its global R&D, engineering, and manufacturing capabilities for transformers, high-voltage direct current (HVDC), and high-voltage products.
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