Sembcorp's renewable energy business Sembcorp Green Infra has been awarded a 250 MW project in India’s second nationwide wind power tender.
Energy Finance & Investment News in Asia
China Power Hub Generation Company's 1,320 MW coal power plant in Pakistan has secured US$1.5 billion financing with a consortium of Chinese banks, being led by China Development Bank and Exim Bank of China.
Dubai Electricity and Water Authority (DEWA) has launched a request for expression of interest (RFEOI) to develop the 250 MW Hatta hydroelectric project in Dubai.
Saudi Arabia’s Public Investment Fund (PIF), has signed a Memorandum of Understanding (MoU) with SoftBank Vision Fund (SBVF) to jointly fund the development of 3 GW of solar photovoltaic and storage capacity in Saudi Arabia.
Lightsource Renewable Energy and UK Climate Investments, part of the Green Investment Group within Macquarie Infrastructure and Real Assets, have entered into a partnership platform to fund the development, acquisition and ownership of large scale solar power generation assets in India.
The Asian Development Bank (ADB) committed to issue a loan with sovereign guarantee for US$200 million to Ceylon Electricity Board (CEB) for the development of a 100 MW wind project on Mannar Island, Sri Lanka.
Shenzhen Energy will buy three California solar power plants for approximately US$232 million from Canadian Solar, as a way to diversify their business with power plant construction.
China Everbright International Limited has signed a supplementary concession agreement with Rizhao Bureau of Housing and Urban-rural Development located in Shandong province, to invest in and construct Rizhao Waste-to-energy Project Phase II.
Global Infrastructure Partners (GIP), an independent global infrastructure investor, has announced that its fund, Global Infrastructure Partners III - in conjunction with the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, CIC Capital Corporation and a group of its other Limited Partner Co-Investors - has agreed to acquire 100 percent of the equity interests in the wind and solar renewable energy portfolio of Equis Funds Group for US$5.0 billion (including assumed liabilities of US$1.3billion).
Mega First has entered into binding agreement with several financial institutions for a total of US$150-million financing for the the 260 MW Don Sahong hydropower project in Laos.
The U.S. Trade and Development Agency awarded a grant to Tayabas Geothermal Power Inc. (TGPI) supporting the development of a 60-100MW geothermal power project in southeast Luzon, Philippines.
The U.S. Trade and Development Agency awarded a grant to Power Engineering Consulting Joint Stock Company 2 (PECC2), a Vietnamese power engineering company, to support development of a 100 MW wind farm in southern Vietnam.
Canadian Solar Inc. has announced that a wholly owned subsidiary of the Company and a few subsidiaries of Menora Mivtachim Holdings Ltd., one of Israel's five largest insurance and finance groups, entered into a joint venture agreement with the aim to invest in the development, financing, construction and ownership of solar power projects in Israel.
Indias's government has announced plans to tender 4.5 GW of wind projects in the next four months, which will be aimed to leverage wind power capacity in the country.
Three Taiwan-based solar cell developers have announced a merger that will become the largest-ever deal of its kind in Taiwanese solar industry.
The Solar Energy Corporation of India (SECI) has tendered a 2X100 MW (AC) Solar PV Power Plant for Coal India Limited (CIL) including 10 Years Plant O&M at Neemuch-Mandsaur Solar Park, in Madhya Pradesh, India.
PT Medco Energi Tbk (MEDC) has agreed to acquire 77.68% shares of PT Saratoga Power. PT Saratoga Sentra Business and S Asia III Luxembourg S.A.R.L are the sellers for the acquisition of 784,840 shares in PT Saratoga Power representing 77.68% of all subscribed and paid up capital in PT Saratoga Power.
The European Investment Bank (EIB) has agreed a new partnership with the International Solar Alliance (ISA) to mobilise finance to develop and deploy affordable solar energy in solar rich countries.
The wind tariff in India has touched lowest level of INR2.64(0.0404US$) per kWh in the second wind auction conducted by the Solar Energy Corporation of India (SECI) on behalf of Ministry of New & Renewable Energy, Government of India yesterday.
First Gen Corporation and Philippines Renewable Energy Holdings Corporation (PREHC) have marked the commencement of their strategic partnership as substantial shareholders in Energy Development Corporation (EDC).