JinkoSolar Holding Co and Marubeni have reached the financial closure for their 1777-MW Sweihan Solar PV Independent Power Project located in Abu Dhabi.
Energy Finance & Investment News in Asia
Ormat Technologies and ORIX Corporation has announced that ORIX will acquire an approximately US$627 million ownership stake in Ormat from FIMI ENRG Limited Partnership, FIMI ENRG, L.P., Bronicki Investments, Ltd., and senior members of management, representing in the aggregate an approximately 22.1% ownership position in Ormat.
Atlantis, a global developer of renewable energy projects, has signed a Strategic Partnership Agreement (SPA) with South Korean offshore construction company Hyundai Engineering & Construction Co. regarding collaborating on the development of ocean power renewable projects globally.
Vietnam's north-central province of Thanh Hoa is set to build a new 30 MW solar energy plant financed entirely by domestic sources with total investment of VND800 billion (US$35 million).
POSCO Energy Co. has signed a memorandum of understanding (MOU) agreement on with Nghe An provincial government to develop the Quynh Lap II thermal power plant project in Vietnam.
The Asian Development Bank (ADB) has raised INR3 billion (US$47 million), from a new issue of offshore Indian Rupee-linked bonds to help finance climate change mitigation and adaptation projects in India.
IFC, a member of the World Bank Group, is providing US$66 million, and mobilizing a further US$172 million, in a landmark transaction to help build Pakistan’s largest wind power farm, to address severe energy shortages and boost the development of renewable energy.
Solarpack has raised a total of USD$104 million for nine PV plants in Chile and India.
Copenhagen Infrastructure Partners (CIP) through the funds Copenhagen Infrastructure II K/S (CI II) and Copenhagen Infrastructure III K/S (CI III) has acquired 3 offshore wind sites under development in Taiwan.
The private finance arm of World Bank, International Finance Corporation (IFC), has agreed to extend finance to build Bangladesh’s first LNG import terminal to Excelerate Energy Ltd.
The Asian Development Bank (ADB) has backed Singapore’s Sunseap Group’s project to build Cambodia’s first large-scale solar power project under a long-term agreement with Electricité Du Cambodge (EDC).
Tidal Bridge BV, a joint venture of Strukton International and DEC, has been awarded the Palmerah Tidal Bridge project in Indonesia.
Hindustan Powerprojects Pvt Ltd has come to an agreement to sell 330 MW of its solar power plants in India to Macquarie Asia Infrastructure Fund.
The government of Jordan has launched a request for expression of interest (RFEOI) to develop a waste-to-energy (WtE) plant in the vicinity of the Al Ekaider landfill.
ACWA Power, a developer, owner and operator of independent power generation & water desalination plants, and Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), announced the signing of a sale and purchase agreement in respect of an 8% effective stake in Shuqaiq Independent Water & Power Project (Shuqaiq IWPP) in Saudi Arabia.
Ministry of Energy and Mineral Resources of Jordan (MEMR) has issued a Request for Expression of Interest (RFEOI) seeking interested developers to carry out a waste-to-energy project in Irbid Governorate on build, own, operate and transfer basis.
Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced that Fukushima Gas Power Co., Ltd. (FGP) has signed a contract for a US$1.27-billion syndicated loan with Development Bank of Japan Inc. as the lead arranger on the 1,180 MW Natural Gas-fired Power Generation Project at Soma Port in Shinchi Town, Fukushima Prefecture.
X-Elio, a spanish solar developer and operator owned by KKR & Co LP, has achieved financial close for two projects with a combined capacity of 66 MW in Miyagi, Japan.
India’s State Government of Madhya Pradesh signed project agreements with solar power companies making Rewa Ultra Mega Solar Park a reality and helping India get closer to its 100 GW solar energy goal by 2022.
Solar Energy Corp of India Ltd (SECI) has officially announced the winners of India's first wind tender involving 1-GW of capacity's auction.