Category: News Asia

ADB inks MOU for Caspian green energy corridor project 

ADB inks MOU for Caspian green energy corridor project 

April 10, 2025 | ,

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 to supply inverters for 1.6 GW solar project in China

Sineng Electric to supply inverters for 1.6 GW solar project in China

April 8, 2025 | , ,

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 secures Rs 24.91 billion for clean energy projects in India

ACME Solar secures Rs 24.91 billion for clean energy projects in India

April 4, 2025 | , ,

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 acquires Stride Climate Investments in India

Actis acquires Stride Climate Investments in India

March 24, 2025 | , ,

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 commissions 1.5 GW solar module manufacturing facility in India

Avaada commissions 1.5 GW solar module manufacturing facility in India

March 13, 2025 | , ,

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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Inox Wind secures 153 MW wind turbine supply order in India

Inox Wind secures 153 MW wind turbine supply order in India

March 10, 2025 | , ,

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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Eurus Energy commences commercial operation of 128.8 MW wind farm in Japan

Eurus Energy commences commercial operation of 128.8 MW wind farm in Japan

February 18, 2025 | , ,

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, Jakson Green to invest $400 million in 1 GW solar projects in India

Blueleaf Energy, Jakson Green to invest $400 million in 1 GW solar projects in India

January 31, 2025 | , ,

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 delivers 1 GW solar modules for renewable energy project in China

JA Solar delivers 1 GW solar modules for renewable energy project in China

January 27, 2025 | , ,

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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BII commits $95 million to support climate actions in South-East Asia

BII commits $95 million to support climate actions in South-East Asia

January 24, 2025 | ,

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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TPCL and NTPC form JV to develop solar project in Sri Lanka

TPCL and NTPC form JV to develop solar project in Sri Lanka

January 23, 2025 | , ,

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 bags 1 GW solar module order in India

Vikram Solar bags 1 GW solar module order in India

January 22, 2025 | , ,

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 inks agreements to develop 1 GW renewable energy projects in Philippines

Masdar inks agreements to develop 1 GW renewable energy projects in Philippines

January 20, 2025 | , , ,

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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Pertamina NRE to buy 20 per cent stake in Philippine’s CREC for $115 million

Pertamina NRE to buy 20 per cent stake in Philippine’s CREC for $115 million

January 17, 2025 | ,

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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Mirova invests $10 million in solar rooftop projects in Vietnam

Mirova invests $10 million in solar rooftop projects in Vietnam

January 16, 2025 | , ,

Mirova, an affiliate of Natixis Investment Managers, has invested in ecoligo, a global player in commercial and industrial (C&I) solar solutions. This investment is aimed at funding a portfolio of greenfield C&I solar rooftop projects in Vietnam. It represents the first investment by the Mirova Gigaton Fund in Vietnam, with a commitment of $10 million in senior debt financing. Furthermore, this loan from Mirova will enable ecoligo to expand its C&I solar business in Vietnam.

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IGX and CEGH join forces to develop natural and renewable gas markets

IGX and CEGH join forces to develop natural and renewable gas markets

January 14, 2025 | ,

Indian Gas Exchange Limited (IGX) and Central European Gas Hub AG (CEGH) have signed a Memorandum of Understanding (MoU) to collaborate on developing natural gas and renewable gas markets. IGX, India’s authorised natural gas exchange, and CEGH, a leading gas hub operator in Central and Eastern Europe, aim to leverage their respective market expertise to enhance technical, operational, and regulatory capabilities.

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