Yellow Door Energy, a UAE-based solar developer, has announced that it has raised US$65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions in the Middle East and Africa. This is one of the Middle East’s largest private placements in distributed solar.
Energy Finance & Investment News in Asia
Hitachi, Ltd. has announced plans to strengthen its alliance with ENERCON GmbH as part of a restructure of its wind turbine business.
Singapore’s WEnergy Global, ICMG Partners and Greenway Grid Global have announced that they have formed a Singapore-based investment entity of US$60 million that will finance and operate renewable energy projects in Southeast Asia, of which US$20 million has been made available for short term deployment.
General Electric (GE) and Sumitomo Corporation have signed a 25-year Power Purchase Agreement (PPA) with the Sharjah Electricity and Water Authority (SEWA) to develop, build and operate a 1.8 GW combined cycle power plant located in Hamriyah.
Google has announced that it has signed a long-term agreement to purchase the output of a 10 MW solar array in Tainan City, Taiwan. This represents the company's first corporate purchase of renewable energy in Asia. The solar array is part of a larger solar farm.
The Trans Adriatic Pipeline (TAP) successfully completed financial close in December 2018, securing EUR3.9 billion (US$4.44 billion) - the largest project finance agreed for a European infrastructure project in 2018.
Ørsted has announced that it has signed a memorandum of understanding (MoU) with Tokyo Electric Power Company Holdings, Inc. (TEPCO), the largest power company in Japan, to work jointly on offshore wind projects.
The consortium consisting of EDF Renewables and Masdar (Abu Dhabi Future Energy Company PJSC) has announced that it has won the tender for the Dumat Al Jandal wind farm. With an installed capacity of 400 MW, it will be Saudi Arabia’s first wind farm and the largest in the Middle East.
The World Bank has signed a financing agreement worth US$100 million to support the deployment of solar power in Sindh, a province in the south-east of Pakistan, spanning three market segments: utility scale, distributed generation, and at the household level.
Siemens has announced that it has been selected to provide four steam turbine generator sets and auxiliary equipment for a 700 MW concentrated solar power (CSP) project in Dubai. The facility will be the largest single-site CSP plant in the world and comprises phase four of the Mohammed Bin Rashid Al Maktoum Solar Park.
Gulf Energy Development Public Company Limited has announced that its subsidiary has entered into a share purchase agreement and shareholder agreement with a subsidiary of Thanh Thanh Cong Group (TTC Group) to acquire an additional stake in the TTCIZ-02 solar project.
Ørsted has announced that it is pausing and revisiting all activity related to the Changhua 1 and 2a wind projects in Taiwan, including project timelines and supply chain commitments and contracts.
Sao Mai Group has announced that it has signed a cooperation agreement with HD Bank for the Sao Mai Solar PV1 project, which involves the installation of up to 210 MW photovoltaic capacity in An Hao commune, Tri Ton district, An Giang province.
CMI has been awarded a contract for engineering and supplying a receiver for the 950 MW Phase IV of Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
ACWA Power has announced the successful financial closure of the approximately SAR1.2 billion (US$320 million) Sakaka solar project, the first ever utility scale renewable energy project to be developed in Saudi Arabia.
GlassPoint Solar and Occidental of Oman have signed a Memorandum of Understanding (MoU) to develop a large solar thermal energy plant, exceeding 2 GW, at the Mukhaizna oilfield in the Sultanate of Oman.
Mitsui & Co., Ltd. has announced that it has entered into a project finance agreement for a gas-fired thermal power generation project jointly promoted with Gulf Energy Development Public Company Limited, a leading private sector electric power company in Thailand.
Kazakhstan Electricity and Capacity Market Operator (KOREM) has announced that it has contracted 857.93 MW of renewable energy this year through auctions.
IPPToday #310: Gulf Energy Development cements participation in US$480 million power project in Oman
Gulf Energy Development (GED) has announced that it has completed the acquisition of a 45% stake in Duqm Power Company (DPC) from the Oman Oil Company (OOC), a wholly-owned subsidiary of the Omani government. DPC has been established to develop a 326 MW independent power and water project in the Duqm Special Economic Zone of Oman.
The Philippine National Oil Company (PNOC) is seeking a joint-venture partner to design, build, finance, operate and maintain a liquefied natural gas (LNG) hub in Batangas Bay, located in Batangas province on the Luzon island of the Philippines. The project could cost up to US$2 billion.