Home Asia – Pacific

Asia – Pacific

ADB Supports 275 MW Power Plant to Boost Energy Access in Sumatra, Indonesia

JAKARTA, INDONESIA: The Asian Development Bank (ADB) today signed a private sector financing package to support the construction of a 275-megawatt combined-cycle gas turbine power plant in Riau province in central Sumatra, Indonesia, to help secure the country’s energy future and provide communities with more affordable and reliable electricity. The financing consists of a $70 […]

China to cut coal from new green bond standards: sources

SHANGHAI: Chinese regulators are close to releasing new “green bond” standards that would exclude polluting fossil fuel projects from corporate financing channels designed to lift environmental standards, people familiar with the matter told Reuters. Beijing has in recent years promoted new green financing methods to help industry pay for its transition to cleaner modes of […]

South Pacific’s Biggest Solar Plant to Help Tonga Meet Renewable Energy Target

NUKU’ALOFA, TONGA: The largest solar plant in the south Pacific will be built in Tonga through the country’s second commercially financed public-private partnership (PPP) after an agreement was signed in Nuku’alofa today. Tonga Power Limited (TPL) signed the power purchase agreement with Sunergise New Zealand Limited (Sunergise), which will finance, build, and operate the 6-megawatt […]

FTC Solar enters Australia with Voyager single-axis tracker

Voyager complies with Australian standards and has 190MW of commitments BRISBANE, Australia: FTC Solar, a diversified products and services company featuring single-axis trackers, PV design software, and engineering services, announces its entry into Australia with an office in Brisbane, Queensland. FTC Solar has already designed over a dozen utility-scale projects spanning hundreds of MWs in […]

$9 million funding to enhance short term forecasting of wind and solar farms

Solar and wind farms will trial providing their own short-term generation forecasts, under a funding initiative by the Australian Renewable Energy Agency (ARENA) in partnership with the Australian Energy Market Operator (AEMO). On behalf of the Australian Government, ARENA today awarded $9.41 million to 11 projects to trial short-term forecasting at large-scale wind and solar […]

Vestas and Danish Export Credit Agency unlock Vietnamese wind energy project through innovative financing structure that can be used in other emerging markets

SINGAPORE: With emerging markets looking to renewable energy to fuel their growth, securing competitive financing solutions play a key role in ensuring projects achieve attractive financial returns. With challenges associated with project bankability, the cost of local lending, and risk allocation, innovative financial solutions are a key enabler to unlock projects and drive further renewable […]

Seraphim Builds Leading-Edge Half-Cell Solar Module Factory in N. China’s Shanxi

CHANGZHOU, China: Jiangsu Seraphim Solar System Co., Ltd. (Seraphim) announced that it recently set up a new plant in northern China’s Shanxi province to mainly produce high-efficiency half-cell modules. The new plant, set up jointly with Shanxi Lu’An Photovoltaics Technology Co. Ltd., will use leading-edge factory machinery to manufacture one gigawatt of ultra-efficient modules annually, […]