Indonesia is advancing its clean energy transition while maintaining a strong reliance on thermal generation, supported by major investments in solar PV, onshore wind, and geothermal energy. The country’s cumulative renewable power capacity is projected to reach 38.1GW by 2035, up from 8.4GW in 2024, registering a compound annual growth rate (CAGR) of 14.7% during 2024–35, reveals GlobalData, a leading data and analytics company.GlobalData’s report, “Indonesia Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035,” reveals that solar PV and onshore wind will drive Indonesia’s renewable growth, supported by evolving policy and…
Author: Chitrika Grover
Levanta Renewables (Levanta), Actis’ pan–Southeast Asia renewable energy platform, has completed the acquisition of a fully operational 91 MWp+ ground-mounted solar portfolio in Thailand.Spanning across ten sites in the Suphanburi and Kanchanaburi provinces, the portfolio generates approximately 155 GWh of renewable electricity annually for the Provincial Electricity Authority (PEA) under long-term Power Purchase Agreements (PPAs).This acquisition marks a key milestone in Levanta’s growth in Thailand and reinforces our commitment to supporting the country’s renewable energy ambitions. It reflects our vision to build a cleaner, more resilient energy future for the region. Leadership View Pramod Singh, Chief Executive Officer of Levanta,…
Singapore-based Sembcorp Utilities Pte Ltd, a subsidiary of Sembcorp Industries (Sembcorp), and Sarawak Energy Berhad (SEB) (collectively known as the Consortium), were granted conditional approval by the Energy Market Authority of Singapore (EMA). They received approval to import around 1 GW of renewable energy from Sarawak to Singapore. with support from SP PowerInterconnect as a technical partner.The project, which is anticipated to commence operations around 2035, will import electricity generated predominantly from hydropower sources in Sarawak. These sources are expected to receive sustainability certification under the Hydropower Sustainability Standard. The electricity will be transmitted to Singapore through subsea cables spanning…
Brookfield, a leading global investment firm founded in Canada, has entered into a Joint Investment Framework Agreement with Malaysian clean energy expert, Solarvest Holdings Bhd to jointly develop, construct and operate at least 1.5 GW of utility-scale solar and battery energy storage projects in Malaysia.Brookfield owns and operates one of the world’s largest, most diversified portfolios of renewable power and transition assets with more than 270 GW of operational and development capacity. The partnership with Solarvest is Brookfield’s first investment in Malaysia via its Catalytic Transition Fund, Brookfield’s primary vehicle to invest in and accelerate decarbonization in emerging markets globally.Malaysia…
Sungow, a global solar inverter and energy storage system (ESS) provider recently commissioned Citicore Solar (CS) Batangas 1 Project in Lumbangan, Tuy. It’s part of Philippines’ first solar plant equipped with large-scale battery storage (BESS) to deliver true baseload renewable energy. In a press release the company said with the commissioning of the first phase of Citicore’s 1.5 GWh BESS initiative and the Philippines’ first solar power plant equipped with large-scale battery storage would help to deliver true baseload renewable energy. The company explained, the project is powered by Sungrow’s PowerTitan 2.0 solution. It explained that the 197 MWp solar…
ib vogt, an international solar developer, started construction of its large-scale solar project, the 99 MWp Tantangan Solar Power Plant, during a ceremonial event held on August 6, 2025, in South Cotabato (Philippines). This is one of Mindanao’s key clean energy projects, backed by PHP 4.49 billion (USD 80 million) in green financing from HSBC. It is also one of the first projects to benefit from the joint Development and Construction Facility established by British International Investment (BII) and Pentagreen Capital (Pentagreen), including mezzanine financing. The plant, once completed in 2026, is expected to generate over 150 GWh of clean electricity…
International Financial Corporation (IFC) makes its first debt investment in a renewable energy developer in Thailand focused exclusively on the C&I sector. IFC shared its plans to invest THB 1,476 million (approximately $45 million) in CleanMax Energy (Thailand), a subsidiary of Clean Max Enviro Energy Solutions Private Limited (“CMES” “CleanMax”), in a press release. Backed by Brookfield, CleanMax aims to support Indian renewable energy providers for the Commercial and Industrial (C&I) sector. The latest investment builds on that partnership, emphasizing IFC’s goal to scale energy solutions across emerging markets. Moreover, the company explained its intent to use this investment to expand access…
GreenTeams, a climate technology company advancing data-driven environmental governance in Indonesia, has successful closed its Series A funding round. The round was led by Oriza Greenwillow Technology Fund. Operating at the intersection of environmental intelligence, regulatory compliance, and industrial decarbonization, GreenTeams empowers measurable climate action through its real-time emissions and air quality monitoring technologies. Following overwhelming interests from the investment community, the company is launching an extended round of funding, to onboard partners to help to scale product innovation, AI-powered monitoring platforms, and regional expansion. Since its inception, GreenTeams has evolved into a full-stack climate tech provider with deployments across…
Lightsource bp, a developer and manager of global onshore renewable energy projects, has signed a power purchase agreement (PPA) with Star Trade for its Budai solar project in Taiwan. The agreement secures 100 percent of the project’s contracted electrical output – equivalent to 115MWp. Star Trade, a leading provider of renewable energy retailing and energy storage integration services of HD Renewable Energy Group and Taiwan’s third-largest electricity retailer, supplies renewable energy to major industrial and commercial customers including those in the semiconductor, financial and manufacturing sectors. This PPA demonstrates how tailored agreements can accelerate investment in renewable energy across Taiwan and…
The world’s top 10 solar photovoltaic (PV) module manufacturers shipped a record 500 gigawatts (GW) of modules in 2024, nearly doubling the previous year’s volume, according to Wood Mackenzie’s new Global Solar Module Manufacturer Rankings 2025 report. Despite this surge in shipments, the leading players collectively reported losses of US$4 billion as revenues declined significantly year-over-year. “In many ways, 2024 was a year of survival through scale for the industry,” said Yana Hryshko, head of global solar supply chain at Wood Mackenzie. “Aggressive pricing, intense competition, and continued capital investment weighed heavily on margins as companies pursued long-term leadership in market share…