Neoen has announced investment in the 100 MW/400 MWh Japan Ako Battery project. Neoen is partnering with Equans and Toho for the project, and secured a grid connection agreement with Kansai Electric Power Company in January 2026. The project is a four-hour battery system and is scheduled to become operational in 2028.
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Topsoe has entered into a front-end engineering and design agreement with Hynfra to develop a green ammonia project in the port of Aqaba, Jordan. Under the agreement, the facility will use Topsoe’s ModuLite™ platform to convert green hydrogen into ammonia. The project is a joint venture between Hynfra and Fidelity Group. It is expected to reach a final investment decision by 2027, and is expected to commence operations in 2030.
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International Finance Corporation (IFC) has announced plans to finance OCI Terra Sus Sdn. Bhd.’s manufacturing plant in Malaysia. Under the arrangement, IFC will finance the facility through a loan of approximately $125 million. The manufacturing facility will be powered by clean and renewable energy and will produce raw materials for silicon wafers and semiconductor chips.
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Rays Power Infra Limited will develop a 200 MW round-the-clock (RTC) renewable energy project for Indian Railways. The project has been awarded to its subsidiary Bhalki Solar Power, and involves supplying continuous renewable power to Railways Energy Management Corporation Limited. The project is targeted for commissioning by June 2028. The project will be supported by over 1,000 MWh of battery energy storage systems.
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PowerX has announced plans to establish a manufacturing facility, Power Base Hokkaido, in Hokkaido, Japan to expand production of grid-scale battery energy storage systems (BESS). The facility will manufacture the Mega Power 2500, a containerised large-scale BESS, with an annual production capacity of 800 units, equivalent to around 2 GWh. The company has finalised agreements for acquiring the land and building for the project.
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EIB Global, the development arm of the European Investment Bank (EIB), has entered into a €200 million financing agreement with Vietnam Technological and Commercial Joint Stock Bank (Techcombank). The financing will enable Techcombank to expand lending towards green projects in sectors such as renewable energy, energy efficiency, and sustainable transport.
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Cleantech Solar has entered into a second long-term agreement with Coats Group plc for a rooftop solar project in Indonesia. As per the agreement, Cleantech Solar will develop and operate a rooftop solar project at Coats Rejo Indonesia’s facility in Pasuruan, East Java. Once operational, the combined project will allow Coats to replace 17.3 per cent of its total electricity consumption with renewable energy.
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Patel Engineering Limited has received a letter of award from Dorjilung Hydro Power Limited for pre-construction works valued at Rs 2.30 billion for the 1,125 MW Dorjilung hydroelectric project in Bhutan. Dorjilung Hydro Power Limited is a joint venture between Druk Green Power Corporation Limited and Tata Power Company Limited. The project, is located around 7 km from Autsho town in Mongar Dzongkhag, Bhutan.
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HD Renewable Energy has secured approximately JPY 5.4 billion in project financing for its Helios 50 MW grid-scale battery energy storage system (BESS) project located in Hokkaido, Japan. The financing was raised through a green project bond supported by Nomura Capital Investment and Nomura Securities. The project has a capacity of 50 MW and actively participates in electricity trading.
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Climate Fund Managers has committed $32.2 million from its EU-supported Climate Investor Two Construction Equity Fund to a commercial-scale waste-to-biogas facility, Akaia Green Fuels. The facility is located in Uttar Pradesh, India. The investment will support efforts to curb air pollution and greenhouse gas emissions by converting agricultural waste into compressed biogas.
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Prime Infra has secured financing agreements worth approximately Php 273.47 billion to support the development of a pumped storage project (PSP) portfolio with a combined capacity of 2,000 MW. The financing package includes two separate agreements. One agreement involves project financing of about Php 214.87 billion arranged through a bank syndicate. Another agreement is a dual-currency equity standby letter of credit facility.
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Equator Renewables Asia (ERA) has secured SGD 50 million in investment to support the development of solar, green hydrogen and sustainable industrial zone projects in Indonesia. The financing includes SGD 30 million from two anchor investors, Indonesian agribusiness conglomerate KPN Corporation and Tsao Pao Chee (TPC). The remaining funds were contributed by ERA’s founder Frank Phuan and the company’s management team.
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China based Jiangsu Guofu Hydrogen Energy Equipment Company Limited has entered into a tripartite supply cooperation agreement with BTE and Hylium for the development of a 10 MW-class data centre power generation project in the North American market. Jiangsu Guofu Hydrogen Energy will undertake the design, manufacturing, and supply of a natural gas reforming hydrogen production package for the project.
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Mitsui O.S.K. Lines, Ltd., OBAYASHI CORPORATION, Kawasaki Heavy Industries Ltd., and Chiyoda Corporation have jointly established the Japan-New Zealand hydrogen corridor. The initiative will examine the feasibility of producing green hydrogen in New Zealand and exporting it to Japan. The consortium plans to begin the detailed studies in fiscal 2026 to develop a supply chain enabling hydrogen production in New Zealand.
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Bank of Baroda has raised Rs 100 billion through green infrastructure bonds to support long-term financing for renewable energy and sustainable infrastructure project in India. The Series I Long-Term Green Infrastructure Bonds received bids worth Rs 164.15 billion. The bids were more than three times the base issue size of Rs 50 billion. The bank had also provided a greenshoe option of an additional Rs 50 billion.
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Vena Group has signed an MoU with Chungcheongnam-do and Taean-gun in South Korea to develop large-scale green energy projects in the province, with a particular focus on Taean-gun. The company plans to invest approximately KRW 1 trillion by 2030 to develop utility-scale renewable projects, including offshore wind projects. Once operational, the projects are expected to generate more than 1.6 TWh of electricity annually.
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The International Finance Corporation (IFC), part of the World Bank Group, has committed $25 million in equity to Seraya Partners Fund II, a private equity infrastructure fund managed by Seraya Partners. The fund is aimed at addressing infrastructure gaps across emerging markets in Southeast Asia. Key target markets include Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.
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Waaree Energy Storage Solution Limited (WESSL), a subsidiary of Waaree Energies Limited, will establish a 16 GWh lithium-ion battery gigafactory. The facility will cover cell manufacturing, battery packs, and large-scale battery energy storage systems (BESS). It will be situated at Rambilli in the Anakapalli district of Andhra Pradesh, India. WESSL will invest Rs 81.75 billion in the gigafactory.
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Gulf Development Public Company Limited (GULF) has secured loan facilities worth approximately $1.9 billion to support the development of 27 renewable projects in Thailand with a total generation capacity of 939 MW. The financing has been arranged through the company’s renewable energy and waste-to-energy subsidiaries. The portfolio comprises 15 solar and solar-plus-storage projects along with 12 waste-to-energy plants.
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A consortium comprising Electric Power Development Co., Ltd. (J-POWER), Aboitiz Renewables, Inc., and Sumitomo Corporation have completed the acquisition of the CBK Hydroelectric power plants in the Philippines following their win in the privatisation bid conducted by the Power Sector Asset and Liabilities Management Corporation (PSALM). The plants have a combined installed capacity of 797 MW.
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