Investment giants advance move into APAC renewables market
Global investment firm Patrizia and Japanese trading and investment giant Mitsui have continued their push into the Asia Pacific renewable energy market, acquiring an interest in Philippines-based rooftop solar developer BEI.
Actis invests in 3.5 GW / 4.5 GWh of solar-plus-storage in Philippines
Private equity investor Actis has become a strategic partner in a 3.5 GW / 4.5 GWh solar-plus-storage project in the Philippines. The project is poised to become the world’s largest integrated renewables and energy storage installation upon completion.
Philippines fast-tracks world’s largest solar park with green lane certificate
The Board of Investments of the Philippines has granted a green lane certificate to a solar project that is being touted as the largest in the world to date. The accreditation will facilitate easier approval and processing of permits.
Philippines announces renewables, energy storage auction
The Philippines’ Department of Energy has said that energy storage and maximising the country’s existing renewable energy infrastructure will be a major theme for its next green energy auction. GEA-4 will take place in the final quarter of 2024.
Southeast Asia bets big on pumped hydro with 18 GW tipped by 2033
The increasing role of pumped hydro technology in Australia’s renewable energy transition is expected to be mirrored in the neighbouring Southeast Asia region with international consultancy Rystad Energy tipping the total capacity of operational projects will surge from the current 2.3 GW to 18 GW by 2033.
Weekend read: Southeast Asian solar’s bright future
Ibrahim Ariffin and JP Grayda, from Afry Management Consulting, examine two promising ASEAN markets, the Philippines and Malaysia, and the challenges they face as they strive to hit renewable energy targets. The long-term outlook is broadly positive, despite some uncertainties.
Acen pushes ahead with 9.6 GWh pumped hydro project in NSW central west
Development of an 800 mw / 9,600 MWh pumped hydro project within the New South Wales government’s Central-West Orana Renewable Energy Zone is advancing with renewables company Acen Australia announcing it has started geological works on site.
ACEN and BrightNight to develop 1 GW of renewables in Philippines
Both active in the Australian renewables market, Philippines-based energy company ACEN has partnered with United States-headquartered producer BrightNight to develop the latter’s 1 GW renewable power portfolio in the Philippines.
ACEN teams with Marubeni on 400 MWh New England battery
ACEN Australia and Marubeni Asian Power Singapore have struck a deal to jointly develop a 200 MW / 400 MWh battery energy storage system alongside ACEN’s multi-stage 720 MW New England solar project being constructed in regional New South Wales.
ACEN lands loan to boost renewables expansion in Australia
Philippines-based energy company ACEN Corporation has secured a $150 million funding package that will bolster its plans to deliver a 9 GW portfolio of solar, wind, battery storage and pumped hydro projects in Australia.
