Lyra Energy, a joint venture of Scatec in South Africa, has achieved financial close for the 255 MW Thakadu solar project and commenced construction. The project will be implemented in two phases, with work on […]
Vena Group has signed a memorandum of understanding (MoU) with Chungcheongnam-do and Taean-gun in South Korea to develop large-scale renewable energy projects in the province, with a focus on Taean-gun. Under the agreement, the company […]
Vestas has signed a memorandum of cooperation (MoC) with Japan’s Ministry of Economy, Trade and Industry (METI) and separate memorandums of understanding with Nippon Express and DENZAI to support the expansion of wind power. Under […]
Envision Energy has secured a USD 600 million equivalent sustainability-linked syndicated term loan in Hong Kong, marking its largest non-project syndicated loan in the international offshore credit market. The 1+2 year facility was oversubscribed from […]
Hyundai Motor Group is set to invest USD 6 billion to develop a high-tech innovation hub in Saemangeum, Gunsan, focused on hydrogen production, artificial intelligence and renewable energy. The project will include a 200 MW […]
Electric Power Development Limited (J-POWER) has commenced commercial operations at the Kitakyushu Hibikinada Offshore Wind Farm in Japan. The project was awarded through a public tender by Kitakyushu City in February 2017. It is operated […]
The Hunan Provincial Development and Reform Commission (Hunan) has approved adjustments to three previously sanctioned high voltage transmission projects in Hunan province, including the 500 kV transmission line linked to the Miluo power plant. The […]
Scatec ASA has commissioned the first phase of its Obelisk solar photovoltaic (PV) and battery energy storage system (BESS) project in Egypt. The project has a total planned capacity of 1.1 GW of solar PV […]
Phillipine’s department of energy (DOE) has mandated 20 per cent energy storage requirement for all new variable renewable energy projects with a capacity of 10 MW or more to integrate energy storage systems. The storage […]
Levanta Renewables has acquired an 80 per cent stake in a fully operational 50 MW onshore wind project in Gia Lai province, Vietnam. The asset generates over 150 GWh of renewable electricity annually and supplies […]
Marubeni Corporation, Hyosung Heavy Industries and Skeleton Technologies have signed a memorandum of understanding (MoU) with for the joint development and commercialisation of Korea’s first next-generation e-static synchronous compensator (e-STATCOM) power grid stabilisation system. Under […]
Zambia has signed an implementation agreement with Goldenray Energy Limited to develop a 118 MWp solar power plant in Sinazongwe district in Southern Province. The project is expected to begin supplying electricity by early 2027 […]
World Bank Group and Ministry of Finance of Tajikistan have signed a financing agreement under the Central Asia Regional Electricity Market Interconnectivity and Trade (REMIT) Programme, under which Tajikistan will receive a USD 60 million […]
Qair has secured MUR7 billion in financing for its Stor’Sun hybrid solar-plus-storage project portfolio in Mauritius. The financing includes support from SBM Bank (Mauritius) Limited for Stor’Sun I, II and IV and from MCB Group […]
South Africa’s President has confirmed plans to establish a fully independent state-owned transmission company as part of the restructuring of Eskom Holdings SOC Limited, the country’s vertically integrated power utility. The move reverses the December […]
Kemet Industries, the execution arm of United Egypt Group for National Industries, has secured Egyptian Cabinet approval to develop 2.72 GW of solar capacity and 2 GWh of battery energy storage system (BESS) capacity across […]
Delta Electronics has partnered with the Danao City Government to deploy electric vehicle charging (EV) infrastructure in Danao City in Cebu Province. The initiative involves installation of charging stations at a central government site and […]
Goldenray Energy Limited has signed an implementation agreement with Zambia’s Ministry of Energy to develop a 118 MWp solar power plant in Sinazongwe district in Southern Province. The project is expected to begin supplying electricity […]
Asian Development Bank (ADB) has approved a USD 350 million loan package to support construction of three solar projects in Thailand for Gulf Renewable Energy, a subsidiary of Gulf Development Public Company Limited. The portfolio […]
Mitsui and Company Limited has signed a virtual power purchase agreement (VPPA) with NIKE Japan Group LLC to supply renewable energy certificates from domestic solar projects. The agreement has been executed through Mitsui’s subsidiary Mitsui […]
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