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Energy Finance & Investment News in Asia

Yellow Door Energy raises US$65 million to expand distributed solar in Middle East and Africa

Yellow Door Energy raises US$65 million to expand distributed solar in Middle East and Africa

🕔Feb 12, 2019

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.

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Hitachi restructures wind turbine business to strengthen collaboration with Enercon

Hitachi restructures wind turbine business to strengthen collaboration with Enercon

🕔Feb 11, 2019

Hitachi, Ltd. has announced plans to strengthen its alliance with ENERCON GmbH as part of a restructure of its wind turbine business.

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US$100 million clean energy fund launched for Southeast Asia

US$100 million clean energy fund launched for Southeast Asia

🕔Feb 11, 2019

Singapore’s WEnergy GlobalICMG 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.

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IPPToday #347: PPA signed for 1.8 GW (and first independent) combined cycle power plant in Sharjah

IPPToday #347: PPA signed for 1.8 GW (and first independent) combined cycle power plant in Sharjah

🕔Jan 31, 2019

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.

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Google signs first renewable PPA in Asia

Google signs first renewable PPA in Asia

🕔Jan 30, 2019

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.

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IPPToday #346: US$4.4 billion financial close for Trans-Adriatic Pipeline

IPPToday #346: US$4.4 billion financial close for Trans-Adriatic Pipeline

🕔Jan 30, 2019

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.

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Ørsted and TEPCO to develop offshore wind projects in Japan

Ørsted and TEPCO to develop offshore wind projects in Japan

🕔Jan 21, 2019

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.

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IPPToday #336: EDF-Masdar consortium wins tender for 400 MW wind project in Saudi Arabia

IPPToday #336: EDF-Masdar consortium wins tender for 400 MW wind project in Saudi Arabia

🕔Jan 14, 2019

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.

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World Bank signs US$100 million financing to support solar energy in Pakistan

World Bank signs US$100 million financing to support solar energy in Pakistan

🕔Jan 10, 2019

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.

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Siemens to supply generators for 700 MW CSP project in Dubai

Siemens to supply generators for 700 MW CSP project in Dubai

🕔Jan 9, 2019

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.

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Gulf Energy acquires additional stake in 50 MW solar project in Vietnam

Gulf Energy acquires additional stake in 50 MW solar project in Vietnam

🕔Jan 9, 2019

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.

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Ørsted halts development of 900 MW wind projects in Taiwan

Ørsted halts development of 900 MW wind projects in Taiwan

🕔Jan 8, 2019

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.

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Sao Mai Group to cooperate with HD Bank on 210 MW solar project in Vietnam

Sao Mai Group to cooperate with HD Bank on 210 MW solar project in Vietnam

🕔Jan 8, 2019

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.

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IPPToday #328: CMI of Belgium to supply world's tallest solar tower in Dubai

IPPToday #328: CMI of Belgium to supply world's tallest solar tower in Dubai

🕔Dec 12, 2018

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.

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IPPToday #319: Financial close for Saudi Arabia's first utility scale renewable energy project

IPPToday #319: Financial close for Saudi Arabia's first utility scale renewable energy project

🕔Nov 19, 2018

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.

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IPPToday #317: MoU signed for 2 GW solar steam project in Oman

IPPToday #317: MoU signed for 2 GW solar steam project in Oman

🕔Nov 14, 2018

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.

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Mitsui to invest in 2.5 GW gas-fired power project in Thailand

Mitsui to invest in 2.5 GW gas-fired power project in Thailand

🕔Nov 12, 2018

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.

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IPPToday #312: Kazakhstan awards over 850 MW capacity in 2018 renewables auctions

IPPToday #312: Kazakhstan awards over 850 MW capacity in 2018 renewables auctions

🕔Nov 2, 2018

Kazakhstan Electricity and Capacity Market Operator (KOREM) has announced that it has contracted 857.93 MW of renewable energy this year through auctions.

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IPPToday #310: Gulf Energy Development cements participation in US$480 million power project in Oman

IPPToday #310: Gulf Energy Development cements participation in US$480 million power project in Oman

🕔Oct 30, 2018

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.

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IPPToday #307: Tender launched for US$2 billion LNG project in the Philippines

IPPToday #307: Tender launched for US$2 billion LNG project in the Philippines

🕔Oct 25, 2018

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.

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