Venterra secures £30m bond facility for international growth
Offshore wind services business Venterra Group has secured a £30 million bond facility from HSBC, backed by the UK government’s export credit agency UK Export Finance (UKEF).
Asia
Masdar stacks up deals on 20 GW of clean energy
Masdar head Al Ramahi said the Kyrgyzstan agreement marked a “new chapter for Masdar in our clean energy journey … we are glad to have the opportunity to bring the energy, passion and focus to hydropower that we have utilised for so many other renewable energy sources”.
First Solar discloses slavery issue at Malaysian plant
Foreign migrant workers had been “subjected to unethical recruitment including the payment of recruitment fees in their home countries, passport retention, and the unlawful retention of wages”.
Asia’s industry calls for renewables, despite challenges
“The issue these days with banking is not so much that there isn’t interest, but it’s more about how it’s structured. Smaller developers don’t know how to access these frameworks.”
Goldman sees China nearly tripling its target for wind and solar
China is likely to install nearly three times more wind turbines and solar panels by 2030 than it’s current target, helping drive the world’s biggest fuel importer toward energy self-sufficiency, according to Goldman Sachs Group.
China starts work on huge $11 billion desert renewables project
China broke ground on an 80 billion yuan ($11 billion) renewables project in Inner Mongolia, part of a massive clean-power rollout to achieve the nation’s ambitious climate targets.
PLN picks ACWA to develop floating solar in Indonesia
Saudi Arabia-based developer ACWA will build two floating solar PV projects in Indonesia after winning a deal from Indonesia state-owned electricity utility PLN.
Shell seals $1.55bn acquisition of Indian renewable energy group
Shell (LON:SHEL) has finalised its $1.55 billion acquisition of Indian renewable energy developer and operator Sprng Energy from Actis Solenergi. Significantly, the solar and wind power assets that Shell acquires through the deal will triple the oil and gas company’s renewable energy capacity in operation, it said on Tuesday.
TotalEnergies and Japan’s ENEOS seal solar power merger deal in Asia
France’s TotalEnergies and Japanese energy group ENEOS have received final merger clearance and have completed a joint venture agreement to develop 2 GW of onsite business-to-business (B2B) solar projects across Asia over the next five years.
Newly elected Philippines President eyes renewables and nuclear as LNG prices soar
Newly elected President Ferdinand Marcos Jr reiterated his support for more renewable energy, as well as nuclear power, and natural gas, in the Philippines, one of Southeast Asia’s fastest growing economies. The news comes as plans to import maiden liquefied natural gas (LNG) cargoes into the country have stuttered due to surging global prices.
Nuclear and renewables to edge out LNG in South Korea
A potential resurgence in nuclear power combined with increasing renewable energy capacity could see less liquefied natural gas (LNG) fueled power projects built in South Korea than previously anticipated.
China to export $100bn in renewable energy technology in 2022, bright future ahead
China is continuing its rapid expansion into global new energy markets with exports of solar PV, wind turbines, and energy storage equipment, expected to be worth $100 billion this year, data from energy research firm Wood Mackenzie showed.
Coal plus renewables will shape energy transition in Asia as $2.9tn in power investment eyed
The coal plus renewables energy transition led by Asia Pacific’s largest growth markets – China and India – is gathering speed. Significantly, it is a lot cheaper than the natural gas plus renewables path followed by the EU and US to lower emissions.
Philippines closer to adding one of world’s top solar sites
Solar Philippines has taken a further step toward massively expanding the nation’s renewables capacity, including with one of the world’s top projects, as it aims to help meet rising energy demand and aid a shift away from coal.
Medco Energi eyes more acquisitions in Southeast Asia, ESG in focus
Indonesia’s Medco Energi (IDX:MEDC) is on the lookout for more merger and acquisition (M&A) opportunities in Southeast Asia after successfully buying ConocoPhillips Indonesian assets in a $1.355 billion deal struck last year.
TotalEnergies and ENEOS eye $2bn in assets following Asia solar deal
France’s TotalEnergies (LSE:TTE) and Japan’s ENEOS are set to develop $2 billion worth of distributed generation assets across Asia following a recent deal to establish a joint venture that will sell power from solar.
JERA, world’s biggest LNG buyer, to build 1GW solar with new partner in Japan
JERA, the largest power generation company in Japan, producing about 30% of the nation’s electricity, is planning to develop at least 1 GW of solar power by end-2025, with new business partner West Holdings, a Japanese renewable energy engineering company.
A $5bn plan may bring Indonesia’s solar to Singapore
Renewable energy developer Quantum Power Asia agreed to advance a potential $5 billion plan to export electricity generated from solar in Indonesia to Singapore as the city-state attempts to accelerate its use of renewables and cut its reliance on imported liquefied natural gas (LNG).
TotalEnergies teams up with Japan’s ENEOS on solar power in Asia
France's TotalEnergies and Japanese energy group ENEOS Holdings said that they will team up to sell electricity generated from solar power to Asian businesses.
Mitsui to invest in $1.35bn renewable energy project in India
Japan’s Mitsui has agreed to make an investment in a large-scale 1.3GW renewable energy project that India’s ReNew Power is developing.
Asian renewable energy deals triple to $13.6bn in 2021
The deal volume for renewable energy assets in Asia more than tripled to $13.6 billion in 2021, as the number of transactions surged by 53% year-on-year to 75. Significantly, large corporate mergers in the solar energy sector fuelled the considerable increase in value, reported Enerdatics, a research company.
Enfinity’s $1bn Japan solar acquisition marks largest in five years
US-based Enfinity Global has acquired a $1 billion utility-scale solar photovoltaic (PV) power portfolio in Japan. Significantly, the deal marks the largest renewable energy acquisition in Japan for at least five years in terms of transaction value and power capacity, according to Enerdatics, a research company.
JGC wins EPC deal for Aboitiz solar project in Philippines
JGC said it will provide engineering, procurement, and construction (EPC) services at a “mega solar power plant generation project” with 94MW capacity at Bugallon in the Philippines for Aboitiz Power.
Southeast Asia tipped to become world’s largest floating solar market
Analysts at Rystad Energy believe Southeast Asia could become the largest floating solar photovoltaic (PV) market in the world with several significant projects planned this decade.
Woodside teams up with Heliogen on ‘breakthrough’ solar tech in US
Australian liquefied natural gas (LNG) developer Woodside (ASX:WPL) is collaborating with US-based Heliogen, a provider of AI-enabled concentrated solar energy, to build a 5 MW commercial-scale demonstration facility in California.