US-based investment fund Global Infrastructure Partners (GIP) and co-investors have acquired Singapore-headquartered Equis Energy, the largest renewable energy IPP in the Asia Pacific region, for US$5 billion along with assumed liabilities of US$1.3 billion.
PV inverter manufacturer KACO new energy said it has secured orders totalling 550MW in the third quarter of 2017 with cumulative sales so far in 2017 of around 1.95GW, marking orders almost 70% the prior year period.
‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) has secured its first order in Australia for its recently launched ‘Super 2.5 MW Solar Block’ modular plant system from Australian-based power station developer APSU Power.
Submissions for Thailand’s first 300MW hybrid PPA scheme, which encourages use of energy storage to supplement renewable energy generation, are due by 20 October.
‘Silicon Module Super League’ (SMSL) member Canadian Solar is selling various interests in three solar farms in Queensland, Australia to UK-based renewables firm, Foresight Solar Fund.
Utility-scale solar projects and hundreds of other power projects in the Philippines are being held up by pending approvals at the Energy Regulatory Commission (ERC), a problem compounded by last week’s dismissal of ERC chairman Jose Vicente Salazar for grave misconduct related to allegations of corruption.
State-run oil company Petrona Dagangan Berhad (PDB) has signed an MoU with Malaysian Green Technology Corporation (GreenTech Malaysia) and a subsidiary of major utility Tenaga Nasional Berhad (TNB), to install 100 electric vehicle charging stations with solar PV by 2018 in Malaysia.
Engineering and real estate firm TEE International, part of TEE Group, has formed a joint venture with PV firm Malaysian Solar Resources (MSR) to focus on Singapore solar tenders and explore investment opportunities in Southeast Asia.
PV developer Sunray Power (SPI), majority owned by MRC Allied subsidiary Menlo Renewable Energy Corporation, has signed a service contract with the Department of Energy (DOE) to develop a 100MW solar PV project at Clark Green City in the Municipality of Bamban, Tarlac, the Philippines.
