An ACWA Power, Shanghai Electric consortium has been awarded the fourth phase of the Mohammed Bin Rashid Al Maktoum Solar Park, the largest single-site CSP plant in the world.
Energy Finance & Investment News in Asia
Taiwan-based PV cell and module manufacturer Motech Industries plans to set up 400MW of solar power stations in Pingtung County in southern Taiwan. The projects are scheduled to be deployed in coastal areas in the next three years.
The International Finance Corporation IFC is mullling to provide a US$150-million financing package for the development of a 250 MW solar power plant in Madhya Pradesh.
Equis Energy, Asia‐Pacific renewable energy IPP, has been awarded a contract by Taiwan’s Ministry of Economic Affairs’ Bureau of Energy (BOE) to develop a 70.2 MW solar project in Chiayi County’s Yizhu Township.
MPC Renewable Energies, a subsidiary of international investment manager MPC Capital AG, along with the project developer Ferrostaal, the Danish Climate Investment Fund (DCIF) and other project partners, has achieved financial closing for the Sainshand 55 MW onshore windpark in Mongolia, for US$120 million.
Sembcorp Utilities has entered into an agreement to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for INR14 billion (US$218 million). With this, Sembcorp will become the sole owner of SGI.
The International Finance Corporation (IFC) and Islamic Development Bank (IDB) are mulling financing Korean Southern Power Company’s (KOSPO) and Daelim Energy’s 51.75MW wind project in Jordan.
The Chinese government has approved the creation of the world’s largest power company. China has given green light to the merger of electricity producer China Guodian and coal company Shenhua Group.
The Renewable Energy Project Development Office (REPDO) of Kingdom of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources has released the Request for Proposals (RFP) for its first utility-scale wind power project within the National Renewable Energy Program (NREP).
China-based solar project developer ReneSola Ltd has announced it has secured an RMB120 million (US$18 million) financing facility from China Kangfu International Leasing Co., Ltd, an affiliate of State Power Investment Corporation (SPIC).
The 55-MW Sainshand wind farm in Mongolia, the third privately financed wind farm in the country, will receive a US$ 120 million project financing package from a group of international investors and financiers.
Sembcorp has announced it has reached financial close on the 414 MW Sirajganj greenfield gas-fired power project in Bangladesh.
IBC SOLAR AG has signed a Power Purchase Agreement (PPA) for a 20 MW AC solar plant with the Solar Energy Corporation of India (SECI).
AMP Capital has reached final close on the AMP Capital Infrastructure Debt Fund III (IDF III), raising US$2.5 billion for the mezzanine debt strategy, an additional US$800 million in co-investment rights and securing a further US$800 million from investors who want access to its deal capabilities.
Malaysia-based utilityTenaga Nasional Bhd (TNB) has achieved the financial closure for its first large scale solar (LSS) project in Malaysia.
The Energy Commission of Malaysia (EC) has received over 1,640 MW of submissions in the second competitive bid process for large scale PV projects in the country.
The European Bank for Reconstruction and Development (EBRD) is mulling to provide a financing package of around US$27.6 million to finance the development and construction of a solar photovoltaic plant located in the Risha region, Jordan.
India's National Thermal Power Corporation (NTPC) has launched a tender seeking interested developers for a 250 -MW Grid-connected Solar PV Power plant under DCR Category.
Sri Lanka’s Ceylon Electricity Board (CEB), has issued a Request for Proposals (RfP) for the construction of a 10-MW solar project in Batticaloa district.
Sojitz Corporation has announced it has concluded a stock purchase agreement through subsidiary ShaMrocK Wind Limited —a joint venture established in UK with Mitsubishi UFJ Lease & Finance Limited and several Kansai Electric Power subsidiaries—to acquire a 60% stake in Evalair Limited, through which Sojitz will take on operation of a wind power plant in Ireland.