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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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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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 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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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 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 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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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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