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Energy Finance & Investment News in Asia

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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IPPToday #223: More renewable capacity to be tendered in India despite multiple deadline extensions

IPPToday #223: More renewable capacity to be tendered in India despite multiple deadline extensions

🕔May 31, 2018

The Solar Energy Corporation of India (SECI) has published a Request for Selection (RfS) for 2 GW wind projects. Developers are invited to submit projects with between 50 and 300 MW capacity to be delivered on build-own-operate (BOO) bases. SECI will sign 25-year power purchase agreements (PPAs) with selected proponents.

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IPPToday #221: 2.5 GW hybrid wind-solar projects to be auctioned in India

IPPToday #221: 2.5 GW hybrid wind-solar projects to be auctioned in India

🕔May 29, 2018

A scheme to install 2.5 GW of hybrid wind-solar projects in India, proposed by the Ministry of New and Renewable Energy (MNRE), has been approved by the President. The projects will be developed by private entities on build-own-operate (BOO) bases, with PPA contracts awarded through bidding processes.

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IFC to advise Uzbekistan on 100 MW solar project tender

IFC to advise Uzbekistan on 100 MW solar project tender

🕔May 28, 2018

IFC, a member of the World Bank Group, has signed a mandate with the government of Uzbekistan to advise the structuring of a tender for the construction and operation of a 100 MW solar plant.

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50 MW solar project in Kazakhstan secures funding from EBRD and ADB

50 MW solar project in Kazakhstan secures funding from EBRD and ADB

🕔May 23, 2018

United Green, a privately-owned strategic investment group, has secured a debt financing package to fund the construction of a 50 MW solar power plant in Baikonur in central Kazakhstan from the European Bank for Reconstruction and Development (EBRD)Clean Technology Fund (CTF) and the Asian Development Bank (ADB).

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Korea South East Power Company to build 200 MW hydropower project in Pakistan

Korea South East Power Company to build 200 MW hydropower project in Pakistan

🕔May 18, 2018

Korea South East Power Company (KOEN) has signed a Memorandum of Understanding (MoU) with the state government of Khyber Pakhtunkhwa, a province in the north-west of Pakistan, to develop a 197 MW hydropower project in the province.

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IPPToday #213: 1,750 MW solar capacity awarded in India

IPPToday #213: 1,750 MW solar capacity awarded in India

🕔May 17, 2018

The results of two solar auctions in India have been released this week, with a total of 1,750 MW allocated to nine developers.

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IPPToday #212: MoU signed for 3.2 GW LNG project in Vietnam

IPPToday #212: MoU signed for 3.2 GW LNG project in Vietnam

🕔May 16, 2018

Energy Capital Vietnam (ECV) has announced that it has signed a Memorandum of Understanding (MOU) with The People's Committee of Bac Lieu Province to develop an integrated Liquefied Natural Gas (LNG) to power project in the province, which is located in the Mekong Delta region of the country.

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IPPToday #211: Indian state advances 5,100 MW hydropower projects

IPPToday #211: Indian state advances 5,100 MW hydropower projects

🕔May 15, 2018

The government of Himachal Pradesh, a state in the north of India, has approved amendments to its hydropower policy with the aim of reviving 737 stalled projects which have a cumulative capacity of 5,100 MW.

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EBRD to finance largest solar project in Mongolia

EBRD to finance largest solar project in Mongolia

🕔May 10, 2018

United Green Group (UGG) and Tucher Group GmbH have secured a US$31.6 million syndicated loan from the European Bank for Reconstruction and Development (EBRD), Triodos Investment Management and FMO for the construction of the largest solar plant in Mongolia.

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Atlantis Resources and Xodus Group sign MoU for tidal project in Japan

Atlantis Resources and Xodus Group sign MoU for tidal project in Japan

🕔May 9, 2018

Atlantis Resources has signed a Memorandum of Understanding (MoU) with Xodus Group to develop a tidal energy project in Japan.

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Qatar's KAHRAMAA launches prequalification stage of 500 MW solar tender

Qatar's KAHRAMAA launches prequalification stage of 500 MW solar tender

🕔May 8, 2018

Qatar General Electricity and Water Corporation (KAHRAMAA) has published a pre-qualification questionnaire for the design, construction, financing and operation of a solar photovolatic facility with a generation capacity of around 500 MW.

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IPPToday #207: Joint venture agreement signed for 1,320 MW coal-fired power project in Bangladesh

IPPToday #207: Joint venture agreement signed for 1,320 MW coal-fired power project in Bangladesh

🕔May 8, 2018

Bangladesh Power Development Board (BPDB) and China Huadian Hong Kong Company Ltd (CHDHK) have signed a joint venture agreement to construct a 1,320 MW coal-fired power plant in Maheshkhali, Cox's Bazar, a district in the south-east of Bangladesh. The estimated cost of the project is US$2 billion.

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IPPToday #206: SkyPower to invest US$1.3 billion in 1 GW solar projects in Uzbekistan

IPPToday #206: SkyPower to invest US$1.3 billion in 1 GW solar projects in Uzbekistan

🕔May 7, 2018

SkyPower has announced that it intends to invest approximately US$1.3 billion to install 1,000 MW of solar energy generation capacity throughout Uzbekistan. The country’s President Shavkat Mirziyyoyev has signed a decree signifying the government’s full support of the project and sovereign guarantees.

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Tender launched for 1 GW solar projects in Maharashtra, India

Tender launched for 1 GW solar projects in Maharashtra, India

🕔May 4, 2018

The Maharashtra State Electricity Distribution Co Ltd (MSEDCL) has published a Request for Selection (RfS) for solar power developers interested in setting up ground-mounted photovoltaic power plants in the state, which is located in the west of India. The total capacity to be allocated is 1000 MW.

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