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Energy Finance & Investment News in Asia

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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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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IPPToday #306: US$1.3 billion financing secured for 1.76 GW gas-to-power project in Indonesia

IPPToday #306: US$1.3 billion financing secured for 1.76 GW gas-to-power project in Indonesia

🕔Oct 24, 2018

Indonesian companies PT Jawa Satu Power (JSP) and PT Jawa Satu Regas (JSR) have secured US$1.312 billion financing for the Jawa 1 Gas-to-Power Project.

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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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