VinEnergo is set to develop its large-scale global expansion plan, initially focusing on Asia and Europe with a renewable energy project portfolio totaling 10 GW that has officially secured development agreements. In a press release, VinEnergo said that in addition to the capacity already approved in Vietnam, over the next three years.Under its overall plan, VinEnergo targets the development of 100 GW of renewable energy over the next three years, including 50 GW in core international markets such as North America, Northern Europe, the Mediterranean, and Southeast Asia. These regions demonstrate rapidly-growing power demand, strong renewable energy promotion policies, and…
Author: Chitrika Grover
Concord New Energy Group (CNE Group) signed a Memorandum of Understanding (MOU) in Singapore with Bridge Data Centres (BDC), a portfolio company of Bain Capital. Under the MOU, the parties will jointly explore diversified energy supply pathways integrating renewable energy and hydrogen solutions on a global basis to support the low-carbon transformation of data centre infrastructure. The collaboration includes the development of Singapore’s first barge-based hydrogen power generation solution designed specifically for artificial intelligence (AI) digital infrastructure. The partnership will encompass hydrogen power pathway studies, system integration design, energy storage deployment assessments, and optimization of power procurement mechanisms. Through these…
Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), completed the initial grid synchronisation and energisation of the MTerra Solar project. The goal was marked through “The First Spark: MTerra Solar Phase 1 Initial Grid Synchronisation and Energisation,” an event held on 12 February in Gapan, Nueva Ecija. This development builds on MTerra Solar’s continued progress for its Phase 1, following the successful energisation and cut-in of its 500-kilovolt (kV) substation along the Nagsaag–San Jose 500-kV Line 2, a critical infrastructure component supporting the project’s grid integration. MTerra Solar Targets To Complete 250 MWac solar &…
Sri Lanka took a major step toward energy independence this week as President Anura Kumara Dissanayake presided over the groundbreaking of the country’s first utility-scale wind project backed by Chinese turbine giant Envision Energy.The 50 MW Mannar Wind Power Project, located in Sri Lanka’s northern coastal region, represents more than just infrastructure—it’s a strategic pivot for an island nation that has been hammered by fuel import costs and energy blackouts in recent years. Why Mannar Matters The Mannar region has long been identified by Sri Lankan authorities as prime territory for wind development, thanks to its consistent coastal wind patterns.…
Equinix, Inc., the world’s digital infrastructure company, made a funding commitment of over S$9 million through 2028 to accelerate Singapore’s clean energy transition and innovation. In a press release, the company announced making this investment in line with the Singapore Green Plan 2030. It secured funds the funding under this program to bring together industry and academia to explore viable energy options in Singapore.This marks a pivot in Singapore’s energy sourcing, which currently relies heavily on natural gas to meet its energy needs, by diversifying its energy mix with cleaner sources by 2035 and beyond. As part of the Singapore…
British International Investment (BII), the UK’s development finance institution and impact investor, has backed the inaugural international green bond programme by Ho Chi Minh City Development Commercial Bank (HDBank) to support Vietnam’s journey towards a sustainable future. BII and the Dutch entrepreneurial development bank, FMO, have committed $20 million and $30 million, respectively, to the second tranche of HDBank’s green bonds, following IFC’s $50 million in the first tranche. This collaboration marks a major milestone in strengthening Vietnam’s green finance ecosystem and accelerating its energy transition. The proceeds will support solar energy, electric vehicles, green buildings, and energy-saving solutions, helping to reduce approximately 102,000…
Blueleaf Energy, a pan-Asian renewable energy platform and an independent power producer (IPP), secured an order from Malaysia’s Energy Commission (Suruhanjaya Tenaga). The company said in a press release that it secured the order to build, own, and operate a 100 MW/400 MWh utility-scale Battery Energy Storage System (BESS), to be developed in partnership with Universal Peak Sdn. Bhd in Malaysia.The company explained that the project is part of the Malaysia Battery Energy Storage System (MyBeST) programme, which offers a competitive bidding initiative. This also represents one of the largest grid-connected BESS in Peninsular Malaysia to date. With a targeted…
British International Investment (BII), the UK’s development finance institution (DFI), committed £308 million in climate finance across South-East Asia during its current strategy period, advancing its ambition to invest up to £500 million by 2026. In a press release, BII said its investments are expected to deliver over 1.8 GW of clean energy capacity and avoid more than 1.6 million tonnes of greenhouse gas emissions, supporting the region’s green transition.South-East Asia is among the most climate-vulnerable regions globally, facing rising sea levels, extreme weather events, and significant threats to food and water security. The region is also heavily dependent on…
The World Bank Group (WBG), through its private sector arm, the International Finance Corporation (IFC), Permodalan Darul Ta’zim (PDT) — the investment arm of Johor State — and Ditrolic Energy have agreed to jointly develop the Southern Johor Renewable Energy Corridor (SJREC).In a press release, the International Financial Corporation (IFC) said, “The 2,000-square-kilometer hybrid solar and battery energy storage zone in Johor can supply clean electricity to support the state’s industrial development and facilitate cross-border electricity trade under the ASEAN Power Grid (APG) initiative.”IFC said the $6 billion project will generate clean electricity to meet the renewable energy needs of…
Singapore-based Aslan Energy Capital (Aslan) signed a Heads of Agreement with the Government of Karimun Regency, Riau Islands, Indonesia, located at the crossroads of Singapore, Malaysia, and Indonesia. This landmark agreement marks a pivotal step in the establishment of MU CITY — a City of Dynamic Innovation in Energy, Mobility, and Urbanization, designed to accelerate Southeast Asia’s transition toward a low-carbon, digital, and inclusive future. Signed in collaboration with the Karimun Regency Government, the agreement affirms a shared commitment to building a next-generation integrated industrial and innovation ecosystem. MU CITY is now firmly positioned as a regional gateway for clean energy, green manufacturing, advanced…