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 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 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 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 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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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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