Sun Cable has closed a AU$210 million (US$152 million) Series B raise with their existing shareholders to fund the development of its Australia-Asia PowerLink (AAPowerLink) subsea cable project.
EDP Renewables (EDPR) plans to invest S$10 billion (US$7.39 billion) in renewables in the Asia Pacific (APAC) region by 2030 after closing its S$1.1 billion (US$813 million) acquisition of Singaporean developer Sunseap.
Indonesia could host up to 1.2GW of solar PV that would export electricity to Singapore as part of new proposals put forward by a coalition of four international companies.
A consortium led by Sunseap Group has signed a memorandum of understanding to develop 7GWp of PV projects at an Indonesian archipelago that will transmit energy to Singapore via a proposed subsea cable.
A subsidiary of Indian conglomerate Reliance Industries has acquired solar module manufacturer REC Group and a 40% stake in EPC and O&M solutions provider Sterling and Wilson.
A project that bids to combine up to 20GW of solar PV with the world’s largest energy storage battery and a 4,200km-long subsea power cable has moved a step forward after Indonesian authorities greenlit its proposed transmission cable route.
Singapore’s national water agency PUB is considering the installation of two floating solar projects with a combined capacity of 144MWp as part of efforts to utilise the city-state’s reservoirs for renewables generation.
The proven ability to install large-scale floating PV plants on water bodies across Southeast Asia means financing should be readily available for new projects, it was suggested during a panel discussion today.
