China is working with Kuwait to develop 3.5 gigawatts (GW) of solar power. Chinese state-owned companies will take on the construction of the third and fourth phases of the Shagaya solar park and the Abdaliya solar project in Kuwait. These projects could be expanded to 5 GW in the future, as announced by Kuwait’s Ministry of Electricity, Water, and Renewable Energy. In addition to international efforts, China is focusing on renewable energy projects within its borders. In Guizhou province, small solar microgrids are now providing clean electricity to remote villages that previously relied on diesel. A system installed in one…
Author: Lakshita Kapoor
Actis has finalized its $600 million acquisition of a stake in MTerra Solar Philippines, Inc. (MTerra Solar). The investment was made through MGEN Renewable Energy, Inc. (MGreen) and its subsidiary SP New Energy Corporation (SPNEC). This acquisition gives Actis an equity stake in MTerra Solar under specific conditions. MTerra Solar operates one of the largest renewable energy portfolios in the Philippines. It has an 850-megawatt (MW) contracted capacity over a 20-year period. Once fully developed, the company will have 3,500 MW of installed solar capacity and 4,500 megawatt-hours (MWh) of battery energy storage capacity. In addition to large-scale projects, smaller…
International renewable energy developer ib vogt has started building a 29.99-megawatt (MW) solar power plant in Sungai Petani, Kedah, Malaysia. The project is part of Malaysia’s Corporate Green Power Programme (CGPP) and will supply electricity to AirTrunk, a data centre operator, through a long-term Power Purchase Agreement (PPA). The solar plant will use bi-facial modules and a single-axis tracking system to capture more sunlight throughout the day. Once operational, it is expected to reduce carbon dioxide emissions by 55,380 tons annually. Malaysia has other solar and renewable energy projects in development. The Large-Scale Solar (LSS) initiative has contributed to the…
Singapore and Vietnam have increased cooperation in renewable energy. A joint report on Offshore Wind Power Trade Cooperation was endorsed last week by Singapore’s Second Minister for Trade and Industry Dr. Tan See Leng and Vietnam’s Deputy Minister of Industry and Trade Nguyen Hoang Long. The report covers regulatory approvals and licenses for renewable energy development and cross-border electricity trading. It also includes cooperation in infrastructure, research, technology, and capacity-building. Singapore and Vietnam are also working with ASEAN member states to develop a framework for subsea power cables under the ASEAN Power Grid, which is planned for completion by 2045.…
CLP China has launched two new renewable energy projects as part of its plan to increase its clean energy capacity. The 150-megawatt (MW) Bobai Wind Farm in Guangxi Zhuang Autonomous Region is the company’s largest wind power project in the Mainland. CLP has also started operations at the 90 MW Yixing Phase I Solar Power Station in Jiangsu, marking its fifth renewable energy project in the province. In addition to these operational projects, CLP has started work on new renewable energy facilities. Groundbreaking ceremonies have taken place for Juancheng Wind Farm in Shandong, Hepu Solar Power Station in Guangxi, and…
Acwa Power, a Saudi Arabian energy company, has set up a renewable energy innovation center in Shanghai’s Pudong New Area, China. The center will focus on research and development in solar power, wind energy, energy storage, green hydrogen, and seawater desalination. The initial phase includes an investment of RMB 20 million ($2.8 million) to establish research facilities and a green energy laboratory. The company has also partnered with Gulf Renewables Laboratory (GRL) and Shanghai Jiao Tong University (SJTU) to support the project. Earlier this year, Acwa Power signed agreements to develop over one gigawatt (GW) of renewable energy projects in…
Ocean Winds, a joint venture between EDP Renewables and Engie SA, has received an Electricity Business License (EBL) for a 1,125-megawatt (MW) offshore wind project in South Korea. The license was granted by the Ministry of Trade, Industry, and Energy’s Electricity Regulatory Commission. This allows Ocean Winds to secure development rights over the seabed, reserve interconnection capacity, and begin environmental and engineering studies for the project. The Hanbando offshore wind project will be built in the Exclusive Economic Zone (EEZ) near Incheon, in northwestern South Korea. Once operational, it will supply electricity to the Seoul-Incheon metropolitan area. South Korea has…
BP Plc and Japanese utility JERA Co Inc, Japan have announced the leadership team for their planned offshore wind joint venture, JERA Nex bp. The new company will be a 50/50 partnership focused on developing, owning, and operating offshore wind projects. Nathalie Oosterlinck has been appointed CEO, with Erin Eisenberg as CFO, Eric Antoons as COO, Richard Sandford as chief development officer, Zlati Christov as chief investment officer, and Alfonso Montero Lopez as CTO. JERA Nex bp plans to invest up to USD 5.8 billion (EUR 5.37 billion) by the end of 2030. The company’s offshore wind portfolio is expected…
A joint venture between ACEN Corp and ib vogt Singapore is in the final stages of planning an investment in an 80-megawatt (MW) solar project portfolio in Malaysia. The investment is valued at around USD 13 million (EUR 12.2 million), according to a filing by ACEN. This project is part of ACEN’s broader plan to provide up to USD 200 million in equity funding for its joint venture with ib vogt Singapore, called IBV ACEN Renewables Asia Pte. ACEN and ib vogt Singapore formed their joint venture in October last year. The company was established to develop large-scale solar projects…
The Yunlin Wind Farm, Taiwan has started full operations, reaching its planned capacity of 640 megawatts (MW). It is located 15 kilometers off Taiwan’s west coast and consists of 80 wind turbines, each generating 8 MW. The wind farm produces 2.4 terawatt-hours of electricity annually, supplying power to over 600,000 households. The electricity from Yunlin Wind Farm is delivered to Taiwan Power Company through two 20-year power purchase agreements. The project is owned by Yunneng Wind Power Co., Ltd., with TotalEnergies holding a 29.46% stake, Skyborn Renewables with 31.98%, EGCO Group with 26.56%, and Sojitz with 12%. Taiwan has other…