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Energy Finance & Investment News in Asia

IPPToday #290: Government of Nepal to re-award US$2.5 billion hydropower project to China Gezhouba Group

IPPToday #290: Government of Nepal to re-award US$2.5 billion hydropower project to China Gezhouba Group

🕔Sep 25, 2018

A government minister of Nepal has stated that China Gezhouba Group Company (CGGC) will construct and finance a 1,200 MW hydroelectric power plant in the country. CGGC agreed to develop the US$2.5 billion Budhi Gandaki project last year, but the agreement was scrapped shortly after and the project re-assigned to state-owned Nepal Electricity Authority (NEA).

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IPPToday #288: Tender for 1.5 GW solar project launched in Kuwait

IPPToday #288: Tender for 1.5 GW solar project launched in Kuwait

🕔Sep 20, 2018

The Kuwait National Petroleum Company (KNPC) has launched a tender for the design, construction, commissioning, operation and maintenance of the Al-Dibdibah solar project. The project will comprise five solar generating units (SGUs), which can each have a maximum capacity of 300 MW (AC).

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ENGIE and STOA sign joint venture agreement for Indian wind platform

ENGIE and STOA sign joint venture agreement for Indian wind platform

🕔Sep 14, 2018

ENGIE has announced that it has entered into a partnership with STOA, a French infrastructure and power equity investor in developing countries, to build a wind platform in India, through a joint venture owned 50/50 by the two entities.

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IPPToday #284: MoU signed for 2 GW expansion of coal-fired power station in Indonesia

IPPToday #284: MoU signed for 2 GW expansion of coal-fired power station in Indonesia

🕔Sep 13, 2018

Doosan Heavy Industries & Construction (DHIC) has announced that it has signed a Memorandum of Understanding (MoU) to construct two 1,000 MW coal-fired power plants in Cilegon, Banten province, Indonesia.

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Orix launches renewables O&M services unit

Orix launches renewables O&M services unit

🕔Sep 6, 2018

ORIX Corporation has announced that it has established and commenced activities at ORIX Renewable Energy Management Corporation, a company tasked with the operation, management, and maintenance of power plants that use renewable energies such as solar power.

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Engie and J-Power sign MoU for offshore wind projects

Engie and J-Power sign MoU for offshore wind projects

🕔Sep 6, 2018

Electric Power Development Co., Ltd. (J-POWER) and ENGIE have signed a Memorandum of Understanding (MOU) to collaborate on the development of power projects, particularly in large-scale commercial offshore wind projects.

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IPPToday #279: RFEOI issued for 1.2 GW clean coal project in Dubai

IPPToday #279: RFEOI issued for 1.2 GW clean coal project in Dubai

🕔Sep 5, 2018

Dubai Electricity & Water Authority (DEWA) has announced the commencement of a competitive tender process to select a suitable developer or developer consortium for a 1,200 MW coal-fired project - the third phase of the Hassyan clean coal power plant.

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IPPToday #273: AboitizPower to expand 750 MW geothermal complex in the Philippines

IPPToday #273: AboitizPower to expand 750 MW geothermal complex in the Philippines

🕔Aug 28, 2018

AP Renewables, Inc. (APRI), a wholly-owned subsidiary of AboitizPower, has signed a Geothermal Resources Supply and Services Agreement (GRSSA) with the Philippine Geothermal Production Company, Inc. (PGPC) to expand the Tiwi and MakBan Geothermal Complex, which has an installed capacity of nearly 750 MW.

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IPPToday #266: GIG acquires Conergy's Asia-Pacific solar portfolio

IPPToday #266: 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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