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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Eurus Energy Holdings Corporation (Eurus Energy) has commenced commercial operation of the Ashikawa Wind Farm. The wind farm has a capacity of 128.8 MW and is situated in Toyotomi Town, Hokkaido. The Wind Farm is part of the Dohoku Wind Power Generation Project. This project will install 107 wind turbines across six wind farms in northern Hokkaido. The Dohoku Wind Power Generation Project has reached a total capacity of 434.5 MW with the start of commercial operations of the Ashikawa Wind Farm.
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Blueleaf Energy has partnered with Jakson Green to invest $400 million in developing 1,000 MW of solar projects in Rajasthan. The investment is structured through a combination of debt and equity and includes three solar projects. These projects will integrate both inter-state and intra-state transmission systems and are backed by 25-year power purchase agreements secured with the Solar Energy Corporation of India, NHPC Limited, and Rajasthan Urja Vikas Nigam Limited.
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JA Solar has completed the delivery of high-performance n-type PV modules to the 1 GW PV project at the Ulan Buh Desert Northeast New Energy Base initiative in China. This energy base is envisioned as a significant hub for wind and solar power, with a planned capacity of 12 GW. The project began the first shipment from JA Solar in early 2024 and was completed within just 180 days
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British International Investment (BII) has announced a commitment of $95 million to advance climate action in South-East Asia. This includes a $70 million investment through a top-up commitment to the SUSI Asia Energy Transition Fund (SAETF) and a co-investment commitment to Sustainable Asia Renewable Assets (SARA). SARA has been established jointly with BII, FMO, and SUSI under SAETF.
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Trincomalee Power Company Limited (TPCL) which is a joint venture (JV) between NTPC Limited and the Ceylon Electricity Board (CEB) is developing a 50 MW (extendable to 120 MW) solar project in Sampoor, Trincomalee, Sri Lanka. The company has finalised the tariff for the project at 5.97 US cents per unit. Furthermore, the finalised tariff structure will ensure long-term energy security while aligning with Sri Lanka’s renewable energy ambitions.
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Vikram Solar has secured 1,000 MW order to supply solar photovoltaic modules for renewable energy projects in Karnataka, Gujarat, and Rajasthan, India. The modules will be deployed under JSW Neo Energy Limited’s renewable energy initiative. The contract involves the supply of Hypersol N-Type TOPCon Glass-to-Glass Modules, each with a power output of 580 Wp or higher.
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Masdar has inked an implementation agreement and a MoU with the Philippines government to develop 1 GW of clean energy projects to strengthen its growing portfolio in Southeast Asia. These agreements have been inked with the Department of Energy and the Board of Investments of the Republic of the Philippines respectively. These agreements will cover the development of solar, wind, and battery energy storage systems which will have a combined capacity of up to 1 GW by 2030.
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Indonesian State-Owned Enterprise subsidiary Pertamina New & Renewable Energy (Pertamina NRE) has inked a share subscription agreement with Citicore Renewable Energy Corporation (CREC). Pertamina New & Renewable Energy will acquire a 20 per cent stake in CREC by subscribing to 2,232,143,036 common shares at PhP 3.00 per share. This transaction will generate a value of approximately $115 million.
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