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Energy Finance & Investment News in Asia

IPPToday #265: GIG acquires Conergy's Asia-Pacific solar portfolio

IPPToday #265: GIG acquires Conergy's Asia-Pacific solar portfolio

🕔Aug 14, 2018

Green Investment Group (GIG), Macquarie Capital’s global green investment platform, has announced the acquisition of a significant solar development portfolio from Conergy Asia & ME.

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IPPToday #263: Mitsui invests in Taiwanese offshore wind farm developer Yushan Energy

IPPToday #263: Mitsui invests in Taiwanese offshore wind farm developer Yushan Energy

🕔Aug 9, 2018

Mitsui & Co has completed all necessary procedures to enter into a definitive agreement to acquire a 50% share of Yushan Energy Taiwan, from Singapore's Yushan Energy, a subsidiary of Enterprize Energy Group.

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IPPToday #261: ADB and IFC to finance US$650 million hydropower project in Nepal

IPPToday #261: ADB and IFC to finance US$650 million hydropower project in Nepal

🕔Aug 7, 2018

The Asian Development Bank (ADB) has approved financing for the 216 MW Upper Trishuli 1 hydropower project in Nepal, which involves the development of a run of river hydroelectric power plant on the Upper Trishuli river, about 70km north of Kathmandu, for a total cost of US$650 million.

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Largest wind farm in Israel reaches financial close

Largest wind farm in Israel reaches financial close

🕔Jul 12, 2018

Enlight Renewable Energy has achieved financial close of a 96 MW wind farm to be located in the area of the Golan Heights region controlled by Israel

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IPPToday #246: MoU signed for 1 GW solar project in Iran

IPPToday #246: MoU signed for 1 GW solar project in Iran

🕔Jul 11, 2018

Denikon, an Italian renewables developer, and Sinosteel Corporation, a Chinese state-owned enterprise focussed mainly on metallurgy and engineering, have signed a Memorandum of Understanding (MoU) to install between 500 and 1000 MW solar photovoltaic capacity in Iran.

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IPPToday #245: 5.5 GW tendered and 2.75 GW renewable capacity awarded in India

IPPToday #245: 5.5 GW tendered and 2.75 GW renewable capacity awarded in India

🕔Jul 10, 2018

The Solar Energy Corporation of India (SECI) has published two Requests for Selections (RfS) for the development of 5.5 GW capacity on build-own-operate bases. One RfS seeks to award 3 GW solar photovoltaic capacity, while the other invites proposals for up to 2.5 GW generated by wind.

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Lucky Cement closes on Port Qasim coal-fired

Lucky Cement closes on Port Qasim coal-fired

🕔Jul 6, 2018

It has been recently announced by Lucky Cement that the company has achieved financial close on its 660 MW Lucky Electric Coal Power Project, which is based on Thar coal.

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IPPToday #243: Maharashtra launches 750MW solar tender

IPPToday #243: Maharashtra launches 750MW solar tender

🕔Jul 6, 2018

A tender for a total capacity of 750 MW in solar photovoltaic projects has been issued by The Maharashtra State Power Generation Company (MAHAGENCO), aiming to cater to the agricultural (AG) feeder load of various substations across the state. The deadline for submissions is July 20, 2018.

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Sonnedix closes financing for 42-MW solar project in Japan

Sonnedix closes financing for 42-MW solar project in Japan

🕔Jul 6, 2018

Sonnedix Japan K.K. has reached financial close on a JPY16.5 billion (US$149.36 million) non-recourse financing with Sumitomo Mitsui Banking Corporation (SMBC) for the 41.6 MW Sano solar PV plant, on behalf of the Sonnedix group of companies.  

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Oman starts RfP stage of 500 MW solar tender

Oman starts RfP stage of 500 MW solar tender

🕔Jul 3, 2018

A request for proposals (RFP) to the pre-qualified applicants of the 500 MW solar tender has been issued by the Oman Power and Water Procurement Company SAOC (OPWP).

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IPPToday #240: Taiwan awards over 1.6 GW offshore wind capacity

IPPToday #240: Taiwan awards over 1.6 GW offshore wind capacity

🕔Jun 28, 2018

Taiwan’s Ministry of Economic Affairs has awarded 1,664 MW offshore wind capacity to two developers. Ørsted has won 920 MW capacity to be developed off the coast of Changhua, and Toronto-based Northland Power, in partnership with Yushan Energy, has been awarded 744 MW, which is split between two proposed offshore wind farms.

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35 interested in India's first offshore wind project

35 interested in India's first offshore wind project

🕔Jun 27, 2018

India's National Institute of Wind Energy (NIWE) has received 35 responses to a Request for Expressions of Interest (RFEOI) for the country's first offshore wind farm, published in April this year. The wind farm is to have a generation capacity of 1 GW.

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IPPToday #237: UPDATE 2.5 GW hybrid wind-solar projects to be auctioned in India

IPPToday #237: UPDATE 2.5 GW hybrid wind-solar projects to be auctioned in India

🕔Jun 25, 2018

The Solar Energy Corporation of India (SECI) has published a Request for Selection (RfS) for 2.5 GW hybrid wind-solar projects. This follows the scheme's approval by the Indian President, which we reported at the end of May.

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IPPToday #235: SK E&C intends to develop US$2 billion coal-fired power project in the Philippines

IPPToday #235: SK E&C intends to develop US$2 billion coal-fired power project in the Philippines

🕔Jun 20, 2018

SK Engineering & Construction (SKE&C), subsidiary of South Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Government of the Philippines to build two 600 MW coal-fired power plants on Luzon island at an estimated cost of KRW2.2 trillion (US$1.98 billion).

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IPPToday #234: B. Grimm Power agrees to develop largest solar project in Southeast Asia

IPPToday #234: B. Grimm Power agrees to develop largest solar project in Southeast Asia

🕔Jun 19, 2018

B. Grimm Power has signed a Development Cooperation Agreement with Vietnamese conglomerate Xuan Cau to install a 420 MW solar power plant in Tay Ninh, in the south-west of Vietnam. The company claims that it is the largest solar project to ever be developed in Southeast Asia.

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IPPToday #233: SoftBank to invest up to US$100 billion in Indian solar projects

IPPToday #233: SoftBank to invest up to US$100 billion in Indian solar projects

🕔Jun 18, 2018

SoftBank Group, a Japanese conglomerate, is reportedly in advanced talks with the Indian government regarding an investment in solar projects in the country of between US$60 and 100 billion.

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Greenko to acquire Orange Renewables Singapore at over US$900 million valuation

Greenko to acquire Orange Renewables Singapore at over US$900 million valuation

🕔Jun 11, 2018

Greenko Energy Holdings (Greenko) has announced that it has entered into a definitive purchase agreement with AT Capital Group for the acquisition of Orange Renewables Singapore, for a total enterprise value of approximately US$922 million.

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IPPToday #229: US$625 million financial close for offshore wind farm in Taiwan

IPPToday #229: US$625 million financial close for offshore wind farm in Taiwan

🕔Jun 11, 2018

Macquarie Group, Ørsted and Swancor have secured TWD18.7 billion (US$626.1 million) project financing for the second phase of the Formosa 1 offshore wind project, Taiwan’s first commercial scale offshore wind farm, located off the coast of the Miaoli district of the country.

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IPPToday #228: Chinese and Korean firms to develop multi-billion LNG projects in the Philippines

IPPToday #228: Chinese and Korean firms to develop multi-billion LNG projects in the Philippines

🕔Jun 8, 2018

SK E&S, a subsidiary of Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Department of Energy of the Philippines proposing the construction of liquefied natural gas (LNG) infrastructure worth US$1.7 billion. In addition, Phoenix Petroleum and China National Offshore Oil Corp (CNOOC) have signed a Memorandum of Understanding (MOU) to develop LNG projects in the country.

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BAM International acquires Strukton's stake in tidal bridge project in Indonesia

BAM International acquires Strukton's stake in tidal bridge project in Indonesia

🕔Jun 1, 2018

BAM International bv has announced it will acquire Strukton International’s majority share in the joint venture Tidal Bridge BV, established in 2015 to develop floating power plants that convert tidal energy into electricity.

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