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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The Asian Development Bank (ADB) has inked a memorandum of understanding with the Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan. This MOU has been inked to support the feasibility study of the Caspian Green Energy Corridor Project. The project aims to strengthen regional energy partnership cooperation and foster the trade of green energy among the majority of the CAREC member nations.
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Sineng Electric will be supplying 854.72 MW of high-efficiency string inverters to a 1.6 GW solar project situated in Inner Mongolia, China. The project is spread over an area of approximately 7,347 acres and has a total investment of 6.973 billion RMB. Furthermore, for the project Sineng Electric has provided 2,671 units of its high-power SP-350K-H1 string inverters. The inverters are equipped with Anti-PID and PID recovery functions.
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ACME Solar Holdings Limited has secured a Rs 24.91 billion long-term project finance for a duration of 18 to 20 years. The company will use these funds to refinance its existing debt and lower the financing costs for its 490 MW operational renewable energy projects in Andhra Pradesh, Rajasthan, and Punjab in India. This initiative supports ACME Solar’s objective of lowering overall interest costs for its operational projects.
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Actis has acquired full ownership of Stride Climate Investments, a solar generation asset portfolio in India, from a Macquarie Asset Management-managed fund. Through this acquisition, Actis now controls Stride’s 371 MW/414 MWp operational solar assets, spread across 21 projects in seven states. The company did not disclose the deal value.
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Avaada Group has inaugurated a 1,500 MW solar module manufacturing facility in Uttar Pradesh, India with a focus on TOPCon N-type bifacial glass-to-glass modules. The plant features multi-bus bar configurations ranging from 16 to 24 to enhance efficiency. It has the capability to produce both M10 and G12 cells, with an annual capacity of 1,200 MW for M10 and 1,500 MW for G12 modules.
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Peru’s Ministry of Production has approved the detailed environmental impact study (EIA-d) for the Horizonte de Verano green hydrogen production plant project. The investment in the project exceeds $ 11.2 billion. This production plant will be developed in Arequipa and will focus on the production of green hydrogen to obtain ammonia.
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Inox Wind Limited has secured an order to supply 51 wind turbines, each with a capacity of 3 MW, for a total of 153 MW in Tamil Nadu, India. The order has been placed by a global clean energy company for a renewable energy project under development in the state. Inox Wind will be responsible for limited engineering, procurement, and construction work and will provide multi-year operations and maintenance (O&M) services following the commissioning of the turbines.
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TotalEnergies and its partners have officially inaugurated the 640 MW Yunlin offshore wind farm in Taiwan. TotalEnergies has 29.46 per cent stake in Yunneng Wind Power Co., Limited, the joint venture overseeing the project. Other stakeholders include Skyborn Renewables with 31.98 per cent, EGCO Group with 26.56 per cent, and Sojitz with 12 per cent.
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BGR Tech Limited has signed a Memorandum of Understanding with South Korea’s Elchemtech Company Limited to introduce proton exchange membrane water electrolysers (PEMWE) in India. As part of the collaboration, BGR Tech will integrate these electrolysers into its balance-of-plant systems for green hydrogen projects across the country.
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Galp has secured a €430 million loan from the European Investment Bank (EIB) for the construction of two projects. These projects aim to transform Galp’s Sines Refinery, playing a vital role in decarbonising heavy-duty road transport and aviation. Galp has partnered with Japan’s Mitsui for the development of a biofuels unit, which is currently under construction.
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