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 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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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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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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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 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 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 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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Finland and Indonesia have signed a MoU to enhance cooperation in sustainable, clean, and renewable energy. The agreement aims to deepen technical and economic collaboration and strengthen the access for Finnish companies in Indonesia’s energy market. It establishes a framework for technological and business partnerships between the two countries within the energy sector.
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Founder Group Limited (FGL) has signed a heads of agreement with Planet QEOS Sdn Bhd to jointly develop a renewable energy project in Sarawak, Malaysia. The project has an estimated value of up to $276 million. It will include a 310 MWp ground-mounted solar photovoltaic project along with a 620 MWh battery energy storage system. The initiative is part of the Baram DeepTech Energy programme.
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The World Bank has approved $500 million for the Indonesia Electricity Network Transformation (I-ENET) programme to modernise the electricity distribution system in the Java, Madura, and Bali regions. The initiative is aimed at supporting the integration of renewable energy and accelerating the digital transition of the power grid. The programme will run from 2025 to 2032 under PLN’s National Electricity Business Plan (RUPTL).
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DEME, through its Taiwanese joint venture CDWE, has won a contract for the Formosa 4 offshore wind farm in Taiwan. The scope includes transporting and installing 35 foundations and the offshore substation, along with carrying out scour protection works. Foundation installation is planned to begin in the first half of 2027, subject to the final investment decision.
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Brookfield has entered into a joint investment framework agreement with Solarvest Holdings Bhd to jointly develop, construct, and operate more than 1,500 MW of utility-scale solar and battery energy storage system (BESS) projects. These projects will be developed in Malaysia over the next three to five years. Furthermore, the initiative marks Brookfield’s first investment in Malaysia through its Catalytic Transition Fund.
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The Asian Development Bank (ADB) has approved a $52.72 million loan to support the Grid Expansion Project in Cambodia. The initiative will boost the national transmission network, enable greater integration of renewable energy, and address the country’s increasing electricity demand with locally generated clean power. To accommodate this, the initiative will construct 55 km of 230 kV transmission lines between Pursat and Kampong Chhnang.
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Serentica Renewables has inked agreements to acquire the Indian solar business of Statkraft. The Indian solar business of Statkraft consists of a 445 MWp operational solar plant in Bikaner, Rajasthan, India and a 1 GWp of development assets across Rajasthan, India. Furthermore, with this acquisition, Serentica’s operating portfolio will increase to 1.5 GW.
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Citicore Renewable Energy Corporation (CREC) has switched on the Batangas 1 Power Plants, consisting of the Lumbangan and Luntal projects. The projects will have a capacity of 197 MW of hybrid agro-solar with a 320 MWh battery energy storage system (BESS). The projects are a part of CREC’s plan to add 5 GW of renewable capacity within the next five years.
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Adani Power and Bhutan’s Druk Green Power Corporation (DGPC) have signed agreements to develop the 570 MW Wangchhu hydroelectric project in Bhutan. The agreements include a shareholders agreement, a concession agreement with the Royal Government of Bhutan, and an initial understanding on the power purchase agreement. The project will be executed on a build-own-operate-transfer (BOOT) basis.
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The Philippines Department of Energy has released the results of the fourth green energy auction (GEA-4). The tendered capacity was 10,653 MW, with 9,423.622 MW subscribed, reflecting an 88 per cent subscription rate. The auction covered ground-mounted, roof-mounted, and floating solar, onshore wind, and integrated solar with energy storage systems. A total of 111 bids were accepted.
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Eurasian Resources Group (ERG) has launched a 150 MW wind project in Kazakhstan. The project, located in the Aktobe Region, consists of 24 installed wind turbines. It reportedly involved an investment of more than $142 million. The project is expected to produce more than 500 million KWh of electricity annually. The project received financial support from the Development Bank of Kazakhstan.
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The Electricity Generating Authority of Thailand (EGAT) has invited bids for the Srinagarind Dam floating solar project 3 in Thailand. The project will have a planned capacity between 363.95 MW and 364 MW. It is estimated to cost around THB 7.13 billion. Reportedly, EGAT will finance the project. The deadline for bid submission is September 26, 2025. It forms part of EGAT’s plan to develop floating solar projects on dam reservoirs across Thailand.
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