EDEN Renewables India, a joint venture of Total Eren and EDF Renouvelables, has successfully secured financing for its 450 MWp SECI III solar PV project. The said project has recently received a green limited recourse project term loan of $165 million from a group of three major international banks – DBS Bank Ltd, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation (Singapore Branch).
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Pacific Green Technologies, Inc.’s wholly owned subsidiary, Pacific Green Technologies (Shanghai) Co. Limited has signed a framework agreement with SINOPEC Star Co., Ltd., a subsidiary of SINOPEC, to work on a portfolio of onshore and offshore wind power, solar photovoltaic and comprehensive energy utilization projects.
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Bangladesh has announced that it has set up a research centre and a pilot processing plant for hydrogen-based technologies. In addition to producing hydrogen, the plant will also produce waste and biomass which will be used as feedstock. For this, the Bangladesh Council of Scientific and Industrial Research (BCSCIR) has kickstarted the training of scientists to work towards setting up a full-fledged Hydrogen Energy Laboratory as part of the project.
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The Ministry of Trade, Industry, and Energy of South Korea has announced the sanctioning of the purchase of electricity from renewable sources by industrial and general electric consumers as part of the RE100 initiative. The parties must register at the Korea Energy Agency and the electricity will be procured through self-generation, green premium system, third party power purchase agreement, or the purchase of renewable energy certificates.
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Pattern Energy Group LP (Pattern Energy) has finalised financing of a $515 million fund, Green Power Renewable No. 1 Investment LP. Pattern Energy’s affiliate in Japan, Green Power Investment Corporation (GPI), will manage the fund and is also one of its largest investors.
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Siemens Gamesa has secured its largest order to date in Vietnam for a 117 MW wind farm. The wind farm is expected to be commissioned in the third quarter of 2021 and will generate enough electricity to power the demands of 248,000 people.
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Energy giant Total has announced the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group, India’s leading infrastructure platform. This transaction is the latest development in the strategic alliance between the two parties. With this latest acquisition, Total will have a seat on the Board of Directors of AGEL.
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Trina solar, a solar and smart energy solution provider, recently received a dual Environmental Product Declaration (EPD) certification from UL, a global safety certification company. The company also received an EPD from EPDItaly. The ceremony for this achievement took place in Changzhou, Jiangsu Province,China on January 13, 2021.
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A strategic partnership has been announced between United States-based hydrogen fuel cell provider Plug Power and the South Korean SK Group to promote hydrogen-based technologies in the Asian Market. Accordingly, SK Group will be investing $1.5 billion to acquire a 9.9 per cent pro forma ownership stake in Plug Power, thereby forming a joint venture company in South Korea. Plug SK Group’s US subsidiary will purchase around 51.4 million shares for $29.28 per share, and the transaction is expected to close in the first quarter of 2021.
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Development Alternatives Incorporated has invited expressions of interest (EoI) on behalf of the United States Agency for International Development (USAID) and the Vietnam Government to offer technical assistance to renewable energy developers in Vietnam. The support is being extended to offset risk costs and to encourage renewable energy developers to invest in new projects, thereby helping the country meet its energy needs. The last date to submit bids is January 16, 2021.
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