AMEA Power and Kyuden International Corporation have inked a memorandum of understanding (MoU) to jointly develop renewable energy and green hydrogen projects. The MoU establishes a framework for cooperation between the two companies to drive large-scale clean energy projects. The jointly developed projects will support decarbonisation, energy resilience, and inclusive economic growth across key markets.
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Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, has inked an agreement with ACEN to sell a 25 per cent stake in the San Miguel Bay offshore wind project. The project has a potential installed capacity of up to 1 GW and is situated in Camarines Sur, Philippines. The project is currently in its pre-development stage in anticipation of the Department of Energy’s 5th round of the Green Energy Auction (GEA-5).
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RGE and TotalEnergies have entered into a co-investment agreement to develop, build, and operate a solar photovoltaic power plant with a battery energy storage system in Riau Province, Indonesia. The two companies have entered into this agreement through their equally owned joint venture, Singa Renewables. The utility-scale project will be constructed in phases. Upon completion, the project will provide clean solar energy export to Singapore.
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The Ministry of New and Renewable Energy (MNRE) of India has announced detailed guidelines for Indian participants under the European Union (EU)-India joint call for proposals on waste-to-renewable hydrogen innovation. This initiative, launched under the EU-India Trade and Technology Council working group 2, supports collaborative projects focused on converting biogenic waste into renewable hydrogen through biochemical and thermochemical pathways.
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AM Green and the Port of Rotterdam Authority have inked a memorandum of understanding (MoU) to develop a green energy supply chain between India and Northwestern Europe via Rotterdam. This includes supplying bunkering fuels and sustainable aviation fuels (SAF). It also includes analysing the requirements for developing terminal infrastructure in Rotterdam and along the supply chain to Northwestern Europe.
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Energy companies from Malaysia, Singapore, and Vietnam have inked a joint development agreement to explore the export of renewable electricity from Vietnam to Malaysia and Singapore. The consortium of companies will assess the feasibility of exporting renewable energy from Vietnam to Malaysia and Singapore through a new subsea cable, using the Peninsular Malaysia National Grid, with potential additional firming renewable energy generation and storage.
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Reliance Power Limited has inked a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL). GDL is owned by Druk Holding and Investments Limited (DHI), which is the investment arm of the Royal Government of Bhutan. The project has an estimated capital outlay of up to Rs 20 billion under the build-own-operate model.
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Fluxys and OQ Gas Networks SAOG (OQGN) have inked an agreement for the development of hydrogen transportation network in Oman. Fluxys plans to own and operate the hydrogen network as a minority shareholder, alongside OQGN. The agreement strengthens the partnership between the two companies that are well-positioned to support the rapid and efficient development of hydrogen infrastructure.
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Senvion India has won an order from Continuum Green Energy for 100 units of its 4.2M160 wind turbine generators, marking the conversion of a previously conditional agreement signed in September 2024. The deal involves 50 turbines initially confirmed and 50 additional optional units, now fully committed. With a total installed capacity of 420 MW, deliveries for these turbines are scheduled to commence in April 2026.
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V-Green has signed a memorandum of understanding (MoU) with four partners to deploy 63,000 charging ports for VinFast electric vehicles across Indonesia by the end of 2025. This marks more than double the initial target. The collaboration involves a total investment of $300 million, with partners Chargecore, Chargepoint, Amarta Group, and CVS contributing significantly.
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BluPine Energy Private Limited has secured the financial closure for a Rs 3.76 billion green loan from Standard Chartered. This funding has been secured for its 100 MW solar power project located in Gujarat, India. The project is being developed by its wholly owned subsidiary, Solarcraft Power India 5 Private Limited, under the GUVNL 22 tender.
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Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has signed an agreement to sell a 10 per cent stake in the 495 MW Fengmiao I offshore wind project in Taiwan to Mitsui O.S.K. Lines (MOL). The project, located off the coast of Taichung County, is slated for completion by the end of 2027.
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The Asian Development Bank (ADB) has planned to allocate up to $10 billion towards the Association of Southeast Asian Nations (ASEAN) Power Grid (APG) initiative to expedite cross-border connections and national grid projects. ADB has also programmed an additional $27 billion in financing over the next three years to support the region’s energy transition and clean energy investments to boost energy security.
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SgurrEnergy has secured the contract to develop Sri Lanka’s first 100 MW solar photovoltaic project with a 12 MWh battery energy storage system (BESS). It will be implemented in multiple phases, covering technical design, hydrological assessment, procurement support, and engineering services.
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POWERCHINA has announced plans to develop wind farms and green infrastructure in Vietnam. The partnership reflects growing China–Vietnam cooperation. A key achievement is the full grid connection of the Huong Linh 4 Wind Power Plant, a 30 MW facility expected to generate 90,000 MWh annually, sufficient to power 48,000 households and reduce carbon emissions by 72,000 metric tonnes.
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The energy storage platform backed by Stonepeak and CHC has secured 20-year fixed revenue contracts for five BESS projects. These projects have a total capacity of 348 MW and were awarded in Japan’s latest long-term decarbonisation auction. This is the platform’s second consecutive success in the government tender.
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NTPC Green Energy Limited has awarded wind energy projects with a cumulative capacity of 1,544 MW to Suzlon, including a new order for a 378 MW project. As part of this new order, Suzlon will supply 120 units of its S144 wind turbine generators, each with a rated capacity of 3.15 MW, equipped with hybrid lattice towers.
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Hyundai Motor Group has developed an action plan to establish a waste-to hydrogen ecosystem in West Java Province, Indonesia. It has partnered with Indonesia’s Ministry of Energy and Mineral Resources, the Ministry of National Development Planning, and PT Pertamina (Persero) for this initiative. Furthermore, Hyundai Motor Group will establish an on-site hydrogen refueling station using PT Pertamina’s existing compressed natural gas infrastructure.
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GreenYellow, along with STOA and DEG, has achieved the financial close of a 189 MWp asset platform, YieldCo. YieldCo is a Singapore-based asset platform dedicated to operating self-consumption solar assets in Vietnam and Thailand. Furthermore, GreenYellow will continue to be the majority industrial shareholder with 51 per cent share in the asset platform. STOA and DEG together own 49 per cent stake in the asset platform.
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Octopus Energy Generation is backing Skygreen Energy to develop up to 20 small to medium-sized solar farms in South Korea in the next two years. These solar farms are expected to generate 140 MW of clean energy. The energy generated will be sufficient to power approximately 45,000 homes annually. Furthermore, this solar investment in South Korea will accelerate Octopus Energy’s plans for the Asian renewables market.
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