Category: News Asia

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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GE Vernova secures order for wind projects in Japan

GE Vernova secures order for wind projects in Japan

January 13, 2025 | , ,

GE Vernova’s Onshore Wind division has secured an order to supply 14 4.2 MW-117m turbines for the Iwaya and Shitsukari wind farms. These projects are being developed by Eurus near Higashidori in Aomori, Japan. The order was secured in the fourth quarter of 2024. These projects are anticipated to commence commercial operations by 2028. Furthermore, these wind farms will enable both companies to support Japan’s renewable energy goals.

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JERA-led consortium wins offshore wind project in Japan

JERA-led consortium wins offshore wind project in Japan

December 27, 2024 | , ,

JERA Co., Inc. (JERA), Green Power Investment Co., Ltd. (GPI), and Tohoku Electric Power Co., Inc. (Tohoku Electric) have collaborated to form a consortium led by JERA. The consortium has been selected to operate an offshore wind power project in the Sea of Japan, off the southern coast of Aomori Prefecture. They were selected as operators of the project by Japan’s Ministry of Economy, Trade, and Industry and the Ministry of Land, Infrastructure, Transport, and Tourism. 

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Nozomi Energy acquires 312 MW solar projects in Japan

Nozomi Energy acquires 312 MW solar projects in Japan

December 26, 2024 | , ,

Nozomi Energy (an Actis subsidiary) has acquired a portfolio of 12 operational solar projects in collaboration with a Japanese co-investor. These acquired projects comprise operational solar power plants that have a total capacity of 312 MW. These solar plants range from 1 MW to over 60 MW.Furthermore, these projects operate according to the Feed-In-Tariff (FIT) contracts that extend at least until 2040 with an average duration exceeding 17 years.

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India imposes antidumping duty on solar glass from China, Vietnam

India imposes antidumping duty on solar glass from China, Vietnam

December 9, 2024 | , ,

India’s Ministry of Finance has imposed an anti-dumping duty on solar glass imports from China and Vietnam. The anti-dumping duties aim to protect the domestic solar glass industry from unfair pricing practices. The duty on Chinese imports ranges from $673 to $677 per metric tonne, while imports from Vietnam face a duty of $565 per metric tonne. The duty will be effective for six months, starting December 4, 2024

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ADB, Gulf ink $820 million loan for solar and battery storage in Thailand

ADB, Gulf ink $820 million loan for solar and battery storage in Thailand

December 3, 2024 | , , ,

The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited have finalised an $820 million loan to provide construction financing for 12 renewable energy projects in Thailand. The portfolio includes eight ground-mounted solar photovoltaic (PV) plants with a contracted capacity of 393 MW and four solar PV plants with battery energy storage systems totaling 256 MW of contracted capacity and 396 MWh of energy storage. 

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