Category: News Asia

Renova secures financing for decentralised solar projects in Japan

Renova secures financing for decentralised solar projects in Japan

December 5, 2025 | , ,

Renova has completed a project finance arrangement totalling 22.3 billion yen to support a portfolio of decentralised solar projects. The financing was executed through First Solar Power G.K., and will cover around 1,300 sites with a combined capacity of 170 MWdc. The financing package has been structured with Sumitomo Mitsui Trust Bank as the arranger, alongside The Bank of Fukuoka as joint arranger, and Resona Bank as co-arranger.

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Azerbaijan inks agreement for 600 MW offshore wind project

Azerbaijan inks agreement for 600 MW offshore wind project

December 4, 2025 | , ,

The Ministry of Energy of Azerbaijan and Clean Energy Capital LLC, a subsidiary of Azerbaijan Green Energy Company LLC, have entered into an implementation agreement for an offshore wind project. The agreement covers the evaluation, planning, and execution of an offshore wind project in the Caspian Sea. The initial phase of the project will have a capacity of 200 MW, with the total planned capacity of the project being 600 MW.

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HydrogenPro fully acquires Tianjin electrolyser facility in China

HydrogenPro fully acquires Tianjin electrolyser facility in China

December 1, 2025 | , ,

HydrogenPro ASA has agreed to acquire the remaining 25 per cent stake in HydrogenPro Tianjin from Tianjin Miaoqing Machinery Equipment Co., bringing its ownership from 75 per cent to full ownership. The transaction is valued at CNY 3 million in cash plus the equipment valued at about CNY 1.8 million. Completion of the transaction remains subject to the relevant approvals from Chinese authorities.

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Brookfield expands renewable energy portfolio in Southeast Asia

Brookfield expands renewable energy portfolio in Southeast Asia

November 28, 2025 | ,

Brookfield Asset Management has made its initial renewable energy investments in the Philippines, Vietnam and Thailand, establishing a new regional decarbonisation platform. The firm has acquired Alba Renewables, a clean energy developer with a 1.8 GW pipeline of wind, solar and battery energy storage system (BESS) projects concentrated mainly in the Philippines and Thailand.

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BZI and NRES join forces for green hydrogen project in Malaysia

BZI and NRES join forces for green hydrogen project in Malaysia

November 27, 2025 | , ,

Bin Zayed International (BZI) and NOVA RE Suria (NRES) have formalised a partnership to develop the PGH2P green hydrogen project in Paka, Terengganu in Malaysia. It is planned as one of Malaysia’s early large-scale green hydrogen projects and will include a 200 MW alkaline electrolysers plant powered through renewable electricity from the grid. The plant is expected to generate nearly 30,000 tonnes of green hydrogen annually at full capacity.

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IFC, PDT, Ditrolic Energy to develop renewable energy corridor in Malaysia

IFC, PDT, Ditrolic Energy to develop renewable energy corridor in Malaysia

November 26, 2025 | ,

The World Bank Group, through the International Finance Corporation, together with the Johor State’s strategic investment arm Permodalan Darul Ta’zim (PDT), and Ditrolic Energy, have entered into a collaboration to develop the Southern Johor renewable energy corridor (SJERC). The initial phase is planned to include up to 4 GWp of solar capacity and 5.12 GWh of storage capacity on a 10,000 acre site.

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Philippines launches 3.3 GW offshore wind auction

Philippines launches 3.3 GW offshore wind auction

November 25, 2025 | , ,

The Department of Energy (DOE) of the Government of the Philippines has issued the Notice of Auction and the Terms of Reference (ToR) for the fifth round of the Green Energy Auction (GEA-5). The auction marks the country’s first competitive process dedicated exclusively to fixed-bottom offshore wind projects. The round offers 3,300 MW to be delivered between 2028 and 2030.

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ADB approves $330 million for Pakistan transmission upgrade

ADB approves $330 million for Pakistan transmission upgrade

November 21, 2025 | ,

The Asian Development Bank (ADB) has approved a financing package worth $330 million for Pakistan under the Second Power Transmission Strengthening project. The project includes the construction of a 500 kV transmission line of about 290 km and the upgrading of key grid infrastructure supplying Islamabad and Faisalabad. The National Grid Company of Pakistan Limited (NGC) will be the executing agency for this project.

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South Korea floats tender for 230 MW onshore wind projects

South Korea floats tender for 230 MW onshore wind projects

November 18, 2025 | , ,

South Korea has issued a competitive bidding call for onshore wind projects totalling around 230 MW for the second half of 2025. The Ministry of Climate, Energy and Environment announced that applications will be accepted through the Korea Energy Agency’s Renewable Energy Center. Bidding will remain open from November 17, 2025 to December 29, 2025, allowing 30 working days for submissions.

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TotalEnergies commences operations of 112 MW solar project in Saudi Arabia

TotalEnergies commences operations of 112 MW solar project in Saudi Arabia

November 17, 2025 | , ,

The consortium consisting of TotalEnergies, Toyota Tsusho, and Altaaqa Renewable Energy has commenced commercial operations of its 112 MW solar project located in Wadi Ad-Dawasir, Saudi Arabia. The facility was constructed by SEPCO, a subsidiary of Power China, and achieved commissioning in July 2025. The generated power is being delivered to the Saudi Power Procurement Company under a power purchase agreement.

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Nama PWP, Sembcorp ink PPA for Dhofar II wind project in Oman

Nama PWP, Sembcorp ink PPA for Dhofar II wind project in Oman

November 13, 2025 | , ,

Nama Power and Water Procurement Company (Nama PWP) has signed a 20-year power purchase agreement (PPA) with Sembcorp Utilities and OQ Alternative Energy (OQAE) to develop the 125 MW Dhofar II Wind Power Project in the Sultanate of Oman. The joint venture between Sembcorp and OQAE will build, own, and operate the project, which will supply electricity to Nama PWP once completed.

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Masdar to develop 300 MW BESS project in Uzbekistan

Masdar to develop 300 MW BESS project in Uzbekistan

November 12, 2025 | , ,

Masdar has signed a battery storage service agreement with JSC Uzenergosotish to develop a standalone battery energy storage system (BESS) project in Uzbekistan. The 300 MW/600 MWh Zarafshan BESS project in Navoiy will be connected to the Murunau substation and forms the first phase of a broader national battery storage programme. The project is expected to be operational in the third quarter of 2028. 

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Philippines awards 10.19 GW of renewable energy projects 

Philippines awards 10.19 GW of renewable energy projects 

November 10, 2025 | ,

The Department of Energy has announced the completion of the fourth round of the Green Energy Auction programme aimed at scaling up renewable energy deployment across the Philippines. Following the evaluation process, 123 bidders were awarded capacities across technologies including ground-mounted solar, roof-mounted solar, floating solar, integrated renewable energy with energy storage systems, and onshore wind.

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JA Solar bags 1.2 GW module supply deal in Uzbekistan

JA Solar bags 1.2 GW module supply deal in Uzbekistan

November 7, 2025 | , ,

JA Solar has entered into a module supply agreement with Larsen & Toubro (L&T) for the Samarkand 1 and 2 solar power projects in Uzbekistan. Under the agreement, the company will provide all photovoltaic modules required for the two utility-scale projects. The projects are being developed by ACWA Power, with L&T serving as the engineering, procurement, and construction contractor.

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EBRD provides $142 million loan for solar-plus-storage project in Uzbekistan

EBRD provides $142 million loan for solar-plus-storage project in Uzbekistan

October 30, 2025 | , , ,

The European Bank for Reconstruction and Development (EBRD) has announced a financing package worth $142 million for two special-purpose vehicles (SPVs) developing a solar-plus-storage project in Uzbekistan. The project involves constructing 1,000 MW of solar photovoltaic capacity and 1,336 MWh of battery energy storage system (BESS) across two sites in the Samarkand and Bukhara regions.

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World Bank approves $78 million project to strengthen Mongolia’s transmission grid

World Bank approves $78 million project to strengthen Mongolia’s transmission grid

October 27, 2025 | ,

The World Bank has approved financing for Mongolia’s Fourth Energy Sector project, which aims to enhance the reliability and capacity of the country’s central energy system transmission grid while advancing integration of renewable energy sources. The project is expected to add 590 MW of transmission capacity and facilitate the integration of approximately 150 MW of solar and wind power into the national grid.

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CERC secures loan for solar and BESS projects in the Philippines

CERC secures loan for solar and BESS projects in the Philippines

October 27, 2025 | , ,

Pentagreen Capital is backing Citicore Renewable Energy Corporation (CERC) with a $55 million development and construction loan to support solar and battery energy storage system (BESS) projects in the Philippines. The financing will be used for the construction and development of solar, hybrid solar, and BESS projects with a cumulative generation capacity of up to 2 GW and storage capacity of up to 760 MWh. 

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Jakson Green and Blueleaf Energy secure financial close for 840 MWp solar projects in India

Jakson Green and Blueleaf Energy secure financial close for 840 MWp solar projects in India

October 17, 2025 | , ,

Jakson Green and Blueleaf Energy have secured financial close for their 840 MWp solar projects in Rajasthan, India. These projects are 280 MWp and 560 MWp ground-mounted solar plants, which form part of the 1 GWp Rajasthan solar portfolio. Furthermore, the portfolio is jointly owned by Blueleaf Energy and Jakson Green through its parent company, Jakson Limited.

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GE Vernova to supply turbines for wind project in Romania

GE Vernova to supply turbines for wind project in Romania

October 17, 2025 | , ,

GE Vernova has signed an agreement with Greenvolt International Power to supply, install, and commission wind turbines for the 252 MW Ialomiţa wind farm in Romania. As per the agreement, GE Vernova will supply 42 onshore wind turbines rated at 6.1 MW each. The agreement was finalised in the third quarter of 2025, with turbine deliveries expected to commence in 2026.

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Levanta Renewables to develop 166 MWp solar project in the Philippines

Levanta Renewables to develop 166 MWp solar project in the Philippines

October 14, 2025 | , ,

Levanta Renewables has obtained approval to develop a solar and storage project in the Visayas region under the Philippines’ fourth green energy auction (GEA-4). The project, spanning 155 hectares, comprises a 166 MWp ground-mounted solar project integrated with a battery energy storage system. The project represents a total investment of approximately PHP 5 billion.

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