Category: News Asia

Pacifico Energy signs MoU for 3.2 GW South Korean offshore wind cluster 

Pacifico Energy signs MoU for 3.2 GW South Korean offshore wind cluster 

June 15, 2026 | , ,

Pacifico Energy Korea has signed a memorandum of understanding (MoU) with Hana Bank and Hana Securities to explore financing solutions for the 3.2 GW Jindo Offshore Wind Project Cluster in South Korea. The MoU will involve the three parties collaborating on funding strategies covering the development, construction and operation phases of the offshore wind portfolio, while also developing a financing model for Korea’s offshore wind industry.

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Acwa Power Philippines to develop 500 MW hybrid project

Acwa Power Philippines to develop 500 MW hybrid project

June 12, 2026 | , , ,

Acwa Power Philippines has signed a lease agreement with the Bases Conversion and Development Authority (BCDA) to develop a utility-scale solar and battery energy storage system (BESS) project in New Clark City. The project is expected to reach up to 500 MW of solar PV and battery storage capacity upon full development, subject to regulatory approvals and future expansion phases.

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Meta and CleanMax partner for 837 MW clean energy projects in India

Meta and CleanMax partner for 837 MW clean energy projects in India

June 11, 2026 | ,

Meta Platforms and CleanMax Enviro Energy Solutions Limited have joined forces for around 900 MW of renewable energy capacity in India. As part of the collaboration, the two companies will support the development of 837 MW of new solar and wind power projects in Rajasthan and Karnataka, India. CleanMax will develop and operate the new renewable energy projects, while Meta will purchase 100 per cent of the environmental attributes generated by them.

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Inox Clean Energy signs agreement to acquire Vena Energy India

Inox Clean Energy signs agreement to acquire Vena Energy India

June 5, 2026 | ,

Inox Clean Energy Limited, through its subsidiary Inox Neo, has signed an agreement to acquire 100 per cent of the equity interests in Vena Energy India. Vena Energy India, Vena Group’s Indian renewable energy platform, comprises around 1 GW of operational renewable capacity, along with 1.7 GW of solar and wind and 1.2 GWh of BESS advanced-stage projects. Additionally, it has a pipeline of 2.7 GW of solar and wind projects and 1.3 GWh of BESS projects. 

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Levanta Renewables reaches financial close for solar plus storage project in Philippines 

Levanta Renewables reaches financial close for solar plus storage project in Philippines 

June 4, 2026 | , , ,

Levanta Renewables has achieved financial close and issued the notice to proceed for the Barotac solar and battery energy storage system (BESS) project located in the Visayas, Philippines. The project comprises a 166 MWp ground-mounted solar PV facility along with an 80 MWh BESS. The project was awarded a power purchase agreement under the Philippines’ Green Energy Auction Program Round 4.

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GCL SI and Getz Energy partner for 1 GW solar module deployment in Thailand

GCL SI and Getz Energy partner for 1 GW solar module deployment in Thailand

May 29, 2026 | , ,

GCL System Integration (GCL SI) has signed an MoU with Getz Energy for the supply of up to 1 GW of solar modules over the next three years to support Thailand’s renewable energy expansion. Under the agreement, GCL SI will provide solar modules and battery energy storage systems for large-scale and hybrid solar projects. Solar module and BESS deliveries will be phased in line with project construction and grid connection schedules. 

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Adani Green Energy commissions 3.37 GWh BESS in India

Adani Green Energy commissions 3.37 GWh BESS in India

May 26, 2026 | ,

Adani Green Energy Limited (AGEL) has commissioned a cumulative capacity of 3.37 GWh battery energy storage system (BESS) in Gujarat, India. The deployment includes the 1.37 GWh capacity commissioned in March 2026, taking AGEL’s total operational BESS capacity at the site to 3.37 GWh. Furthermore, the project was completed within 10 months of the commencement of construction.

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J&V Energy Technology to acquire 187 MW solar portfolio in Taiwan 

J&V Energy Technology to acquire 187 MW solar portfolio in Taiwan 

May 13, 2026 | , ,

J&V Energy Technology Co., Ltd. has signed an agreement to acquire a portfolio of operational solar plants in Taiwan. The portfolio includes 42 operating solar plants located across Central and Southern Taiwan with a combined capacity of 187 MW. The portfolio will be acquired from a fund managed by BlackRock’s Global Infrastructure Partners. Furthermore, the plants are expected to generate around 270 million kWh of clean electricity annually which is sufficient to power nearly 80,000 households for more than 15 years.

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Vena starts construction of 380 MWp solar projects in Philippines

Vena starts construction of 380 MWp solar projects in Philippines

May 8, 2026 | , ,

Vena Energy has commenced construction for the 80.6 MWp Astra Solar and 300 MWp Opus Solar projects located in Ilocos Norte, Philippines. These projects together will expand the company’s total solar capacity in Ilocos Norte to approximately 480 MWp. Groundbreaking ceremonies were held on 5th May 2026 for the Astra Solar project in Currimao and on 6th May 2026 for the Opus Solar project in Paoay. 

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ADB to finance ACWA’s 300 MW wind project in Uzbekistan

ADB to finance ACWA’s 300 MW wind project in Uzbekistan

May 6, 2026 | , ,

Asian Development Bank (ADB) has signed a $116 million financing package with ACWA Power to support the development, construction, operation, and transfer of a 300 MW wind power project in the Bukhara region, Uzbekistan. The financing includes a $50 million loan from ADB’s ordinary capital resources, $41 million from commercial lenders, and $25 million from the ADB’s Leading Asia’s Private Infrastructure Fund 2 (LEAP 2).

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AMPIN commissions 500 MW wind-solar hybrid project in India

AMPIN commissions 500 MW wind-solar hybrid project in India

May 4, 2026 | ,

AMPIN Energy Transition has commissioned approximately 500 MWp of inter-state transmission system-connected wind–solar hybrid capacity at Fatehgarh-IV substation in Rajasthan, India. The project consists of nearly 400 MWp of solar capacity, with about 100 MW of wind capacity to enable round-the-clock renewable energy supply. It is expected to generate approximately 1.25 billion units annually and avoid nearly 1.15 million tonnes of carbon dioxide emissions each year.

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TotalEnergies and Nextnorth commence construction of 440 MWp solar project in Philippines

TotalEnergies and Nextnorth commence construction of 440 MWp solar project in Philippines

May 1, 2026 | , ,

TotalEnergies and Nextnorth have achieved financial close and begun construction of a 440 MWp solar project located in Isabela, Philippines. TotalEnergies owns 65 per cent of the project while Nextnorth has a 35 per cent stake in the project. The project is expected to commence operations by the end of 2027. The project is estimated to generate 13.5 TWh of electricity over a period of 20 years.

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HD Renewable Energy and Tokyo Gas join forces for 340 MW BESS projects in Japan

HD Renewable Energy and Tokyo Gas join forces for 340 MW BESS projects in Japan

April 16, 2026 | , ,

HD Renewable Energy has partnered with Tokyo Gas Co to advance approximately 340 MW of battery energy storage (BESS) projects in Japan. The collaboration includes operational services and long-term offtake agreements across multiple projects. Around 149 MW of projects in Aomori Prefecture have been secured under Japan’s Long-Term Decarbonization Auction (LTDA) scheme.

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Levanta Renewables awards EPC contract to CEEC for solar plus BESS project in Philippines

Levanta Renewables awards EPC contract to CEEC for solar plus BESS project in Philippines

April 9, 2026 | , , ,

Levanta Renewables has announced the signing of an engineering, procurement, and construction (EPC) contract  with the China Energy Engineering Group (CEEC) for the development of the Barotac solar and battery energy storage system (BESS) project in the Visayas, Philippines. The contract covers the full EPC scope for the project, which will integrate 166 MWp of solar capacity with an 80 MWh of BESS capacity.

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Topsoe and Hynfra join forces for green ammonia project in Jordan

Topsoe and Hynfra join forces for green ammonia project in Jordan

March 31, 2026 | , ,

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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IFC to finance renewable powered polysilicon manufacturing facility in Malaysia

IFC to finance renewable powered polysilicon manufacturing facility in Malaysia

March 31, 2026 | ,

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 secures 200 MW RTC renewable project in India

Rays Power Infra secures 200 MW RTC renewable project in India

March 27, 2026 | ,

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 to establish 2 GWh BESS manufacturing facility in Japan

PowerX to establish 2 GWh BESS manufacturing facility in Japan

March 26, 2026 | ,

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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