Malaysia moves on solar highway, PV monitoring, insurance and foreign support

Malaysia’s intent to progress its renewable energy sector was made clear in a number of announcements this week, including plans to install solar along a major highway, introducing both the first solar insurance scheme and monitoring system, as well as inking support agreements with powerful foreign organisations.

EBRD to finance 100MW PV project in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has signed off on financing for the construction of a 100MW PV project in the Zhambyl region of Southern Kazakhstan.

ADB finances Vena’s 42MW of large-scale solar projects in Indonesia

The Asian Development Bank (ADB) is providing a roughly US$40 million project financing package for Vena Energy, formerly Equis Energy, to build four solar plants in eastern Indonesia, which are said to be the Southeast Asian country’s first utility-scale PV plants.

CPPIB invests US$144 Million in ReNew Power

Global investment management organisation Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3% stake in Indian renewables developer ReNew Power Ventures from the Asian Development Bank (ADB) for US$144 million.