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.
Energy Finance & Investment News in Asia
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.