Category: News Asia

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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Tata Power and ADB ink $4.25 billion renewable energy deal at COP29

Tata Power and ADB ink $4.25 billion renewable energy deal at COP29

November 22, 2024 | ,

Tata Power and the Asian Development Bank (ADB) have signed a Memorandum of Understanding (MoU) at the COP29 climate conference in Baku, Azerbaijan, to explore financing renewable energy and infrastructure projects valued at $4.25 billion. The projects aim to strengthen India’s renewable energy capacity, enhance power distribution networks, and expand clean energy infrastructure.

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Tata Power and DGPC to develop 5,000 MW renewables in Bhutan

Tata Power and DGPC to develop 5,000 MW renewables in Bhutan

November 21, 2024 | , , ,

Tata Power and Bhutan’s Druk Green Power Corporation (DGPC), a subsidiary of Druk Holding and Investments Limited, have signed an MoU to develop 5,000 MW of renewable energy, including 4,500 MW of hydropower and 500 MW of solar projects. Key projects include the Dorjilung HEP, Gongri Reservoir, Jeri Pumped Storage, Chamkharchhu IV, and solar initiatives by Tata Power Renewable Energy Limited.

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Serentica Renewables to set up 10 GW renewable energy projects in India

Serentica Renewables to set up 10 GW renewable energy projects in India

November 8, 2024 | , , , ,

Serentica Renewables has announced plans to develop 10,000 MW of renewable energy projects in Andhra Pradesh, India combining solar, wind, and storage technologies to deliver round-the-clock green power. Reportedly, Serentica is targeting an expansion of its renewable energy portfolio to 17,000 MW by 2030, with 5,000 MWh of storage capacity planned.

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Suzlon and Jindal join forces for 400 MW wind power deal in india

Suzlon and Jindal join forces for 400 MW wind power deal in india

October 14, 2024 | , ,

Suzlon Group has received a 400 MW order from JSP Green Wind 1 Private Limited, an SPV of Jindal Renewables Power Private Limited. The project is Jindal group’s debut in the wind energy segment. Suzlon will supply 127 state-of-the-art wind turbine generators (WTGs) with Hybrid Lattice Tubular (HLT) towers, each having a rated capacity of 3.15 MW in the Koppal region of Karnataka.

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